Exhibit 99.2

United Parcel Service, Inc.

Selected Financial Data - Third Quarter

(unaudited)

			Three Months Ended
			September 30
			2022			2021			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package			$	15,374		$	14,208		$	1,166		8.2		%
International Package			4,799			4,720			79			1.7		%
Supply Chain Solutions			3,988			4,256			(268)			(6.3)		%
Total revenue			24,161			23,184			977			4.2		%
Operating expenses:
U.S. Domestic Package			13,708			12,801			907			7.1		%
International Package			3,802			3,669			133			3.6		%
Supply Chain Solutions			3,538			3,818			(280)			(7.3)		%
Total operating expenses			21,048			20,288			760			3.7		%
Operating profit:
U.S. Domestic Package			1,666			1,407			259			18.4		%
International Package			997			1,051			(54)			(5.1)		%
Supply Chain Solutions			450			438			12			2.7		%
Total operating profit			3,113			2,896			217			7.5		%
Other income (expense):
Other pension income (expense)			297			285			12			4.2		%
Investment income (expense) and other			36			(11)			47			N/M
Interest expense			(177)			(177)			—			0.0		%
Total other income (expense)			156			97			59			60.8		%
Income before income taxes			3,269			2,993			276			9.2		%
Income tax expense			685			664			21			3.2		%
Net income			$	2,584		$	2,329		$	255		10.9		%
Net income as a percentage of revenue			10.7		%	10.0		%
Per share amounts:
Basic earnings per share			$	2.97		$	2.66		$	0.31		11.7		%
Diluted earnings per share			$	2.96		$	2.65		$	0.31		11.7		%
Weighted-average shares outstanding:
Basic			870			875			(5)			(0.6)		%
Diluted			872			879			(7)			(0.8)		%
As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package			$	1,686		$	1,414		$	272		19.2		%
International Package			1,004			1,108			(104)			(9.4)		%
Supply Chain Solutions			459			448			11			2.5		%
Total operating profit			3,149			2,970			179			6.0		%
Total other income (expense)			$	156		$	97		$	59		60.8		%
Income before income taxes			$	3,305		$	3,067		$	238		7.8		%
Net income			$	2,611		$	2,383		$	228		9.6		%
Basic earnings per share			$	3.00		$	2.72		$	0.28		10.3		%
Diluted earnings per share			$	2.99		$	2.71		$	0.28		10.3		%

(1) See Non-GAAP schedules for reconciliation of adjustments.

.

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Selected Operating Data - Third Quarter

(unaudited)

			Three Months Ended
			September 30
			2022			2021			Change			% Change
Revenue (in millions):
U.S. Domestic Package:
Next Day Air			$	2,673		$	2,415		$	258		10.7		%
Deferred			1,311			1,304			7			0.5		%
Ground			11,390			10,489			901			8.6		%
Total U.S. Domestic Package			15,374			14,208			1,166			8.2		%
International Package:
Domestic			785			852			(67)			(7.9)		%
Export			3,747			3,641			106			2.9		%
Cargo and Other			267			227			40			17.6		%
Total International Package			4,799			4,720			79			1.7		%
Supply Chain Solutions:
Forwarding			2,162			2,625			(463)			(17.6)		%
Logistics			1,302			1,158			144			12.4		%
Other			524			473			51			10.8		%
Total Supply Chain Solutions			3,988			4,256			(268)			(6.3)		%
Consolidated			$	24,161		$	23,184		$	977		4.2		%
Consolidated volume (in millions)			1,466			1,497			(31)			(2.1)		%
Operating weekdays			64			64			—			0.0		%
Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air			1,932			1,949			(17)			(0.9)		%
Deferred			1,341			1,501			(160)			(10.7)		%
Ground			16,266			16,385			(119)			(0.7)		%
Total U.S. Domestic Package			19,539			19,835			(296)			(1.5)		%
International Package:
Domestic			1,677			1,851			(174)			(9.4)		%
Export			1,684			1,695			(11)			(0.6)		%
Total International Package			3,361			3,546			(185)			(5.2)		%
Consolidated			22,900			23,381			(481)			(2.1)		%
Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air			$	21.62		$	19.36		$	2.26		11.7		%
Deferred			15.28			13.57			1.71			12.6		%
Ground			10.94			10.00			0.94			9.4		%
Total U.S. Domestic Package			12.29			11.19			1.10			9.8		%
International Package:
Domestic			7.31			7.19			0.12			1.7		%
Export			34.77			33.56			1.21			3.6		%
Total International Package			21.07			19.80			1.27			6.4		%
Consolidated			$	13.58		$	12.50		$	1.08		8.6		%

Certain prior year amounts have been reclassified to conform to the current year presentation

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United Parcel Service, Inc.

Detail of Operating Expenses - Third Quarter

(unaudited)

			Three Months Ended
			September 30
			2022						2021						Change						% Change
(in millions)
Compensation and benefits			$	11,506					$	11,148					$	358					3.2		%
Repairs and maintenance			639						619						20						3.2		%
Depreciation and amortization			774						738						36						4.9		%
Purchased transportation			4,173						4,638						(465)						(10.0)		%
Fuel			1,530						950						580						61.1		%
Other occupancy			427						384						43						11.2		%
Other expenses			1,999						1,811						188						10.4		%
Total operating expenses			$	21,048					$	20,288					$	760					3.7		%

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Selected Financial Data - Year to Date

(unaudited)

			Nine Months Ended
			September 30
			2022			2021			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package			$	45,957		$	42,620		$	3,337		7.8		%
International Package			14,748			14,144			604			4.3		%
Supply Chain Solutions(1)			12,600			12,752			(152)			(1.2)		%
Total revenue			73,305			69,516			3,789			5.5		%
Operating expenses:
U.S. Domestic Package			40,800			38,287			2,513			6.6		%
International Package			11,442			10,824			618			5.7		%
Supply Chain Solutions(1)			11,164			11,486			(322)			(2.8)		%
Total operating expenses			63,406			60,597			2,809			4.6		%
Operating profit:
U.S. Domestic Package			5,157			4,333			824			19.0		%
International Package			3,306			3,320			(14)			(0.4)		%
Supply Chain Solutions(1)			1,436			1,266			170			13.4		%
Total operating profit			9,899			8,919			980			11.0		%
Other income (expense):
Other pension income (expense)			926			4,190			(3,264)			(77.9)		%
Investment income (expense) and other			55			45			10			22.2		%
Interest expense			(522)			(521)			(1)			0.2		%
Total other income (expense)			459			3,714			(3,255)			(87.6)		%
Income before income taxes			10,358			12,633			(2,275)			(18.0)		%
Income tax expense			2,263			2,836			(573)			(20.2)		%
Net income			$	8,095		$	9,797		$	(1,702)		(17.4)		%
Net income as a percentage of revenue			11.0		%	14.1		%
Per share amounts:
Basic earnings per share			$	9.27		$	11.21		$	(1.94)		(17.3)		%
Diluted earnings per share			$	9.24		$	11.16		$	(1.92)		(17.2)		%
Weighted-average shares outstanding:
Basic			873			874			(1)			(0.1)		%
Diluted			876			878			(2)			(0.2)		%
As Adjusted Income Data (2):
Operating profit:
U.S. Domestic Package			$	5,246		$	4,552		$	694		15.2		%
International Package			3,328			3,389			(61)			(1.8)		%
Supply Chain Solutions(1)			1,457			1,251			206			16.5		%
Total operating profit			10,031			9,192			839			9.1		%
Total other income (expense)			$	426		$	424		$	2		0.5		%
Income before income taxes			$	10,457		$	9,616		$	841		8.7		%
Net income			$	8,172		$	7,500		$	672		9.0		%
Basic earnings per share			$	9.36		$	8.58		$	0.78		9.1		%
Diluted earnings per share			$	9.33		$	8.54		$	0.79		9.3		%

(1) The divestiture of UPS Freight was completed on April 30, 2021.

(2) See Non-GAAP schedules for reconciliation of adjustments.

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Selected Operating Data - Year to Date

(unaudited)

			Nine Months Ended
			September 30
			2022			2021			Change			% Change
Revenue (in millions):
U.S. Domestic Package:
Next Day Air			$	7,923		$	7,202		$	721		10.0		%
Deferred			4,123			3,877			246			6.3		%
Ground			33,911			31,541			2,370			7.5		%
Total U.S. Domestic Package			45,957			42,620			3,337			7.8		%
International Package:
Domestic			2,465			2,716			(251)			(9.2)		%
Export			11,501			10,808			693			6.4		%
Cargo and Other			782			620			162			26.1		%
Total International Package			14,748			14,144			604			4.3		%
Supply Chain Solutions(1):
Forwarding			7,140			7,006			134			1.9		%
Logistics			3,843			3,424			419			12.2		%
Freight			—			1,064			(1,064)			(100.0)		%
Other			1,617			1,258			359			28.5		%
Total Supply Chain Solutions			12,600			12,752			(152)			(1.2)		%
Consolidated			$	73,305		$	69,516		$	3,789		5.5		%
Consolidated volume (in millions)			4,432			4,569			(137)			(3.0)		%
Operating weekdays			192			191			1			0.5		%
Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air			1,929			2,010			(81)			(4.0)		%
Deferred			1,417			1,532			(115)			(7.5)		%
Ground			16,309			16,689			(380)			(2.3)		%
Total U.S. Domestic Package			19,655			20,231			(576)			(2.8)		%
International Package:
Domestic			1,729			1,943			(214)			(11.0)		%
Export			1,699			1,746			(47)			(2.7)		%
Total International Package			3,428			3,689			(261)			(7.1)		%
Consolidated			23,083			23,920			(837)			(3.5)		%
Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air			$	21.39		$	18.76		$	2.63		14.0		%
Deferred			15.15			13.25			1.90			14.3		%
Ground			10.83			9.89			0.94			9.5		%
Total U.S. Domestic Package			12.18			11.03			1.15			10.4		%
International Package:
Domestic			7.43			7.32			0.11			1.5		%
Export			35.26			32.41			2.85			8.8		%
Total International Package			21.22			19.19			2.03			10.6		%
Consolidated			$	13.52		$	12.29		$	1.23		10.0		%

(1) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Detail of Operating Expenses - Year to Date

(unaudited)

			Nine Months Ended
			September 30
			2022						2021						Change						% Change
(in millions)
Compensation and benefits			$	34,480					$	33,958					$	522					1.5		%
Repairs and maintenance			1,908						1,837						71						3.9		%
Depreciation and amortization			2,300						2,199						101						4.6		%
Purchased transportation			13,158						13,327						(169)						(1.3)		%
Fuel			4,447						2,672						1,775						66.4		%
Other occupancy			1,338						1,252						86						6.9		%
Other expenses			5,775						5,352						423						7.9		%
Total operating expenses			$	63,406					$	60,597					$	2,809					4.6		%

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Consolidated Balance Sheets

September 30, 2022 (unaudited) and December 31, 2021

			September 30, 2022						December 31, 2021
(amounts in millions)
ASSETS
Current Assets:
Cash and cash equivalents			$	11,045					$	10,255
Marketable securities			331						338
Accounts receivable			11,118						12,669
Less: Allowance for credit losses			(143)						(128)
Accounts receivable, net			10,975						12,541
Other current assets			2,247						1,800
Total Current Assets			24,598						24,934
Property, Plant and Equipment, Net			33,625						33,475
Operating Lease Right-Of-Use Assets			3,417						3,562
Goodwill			3,624						3,692
Intangible Assets, Net			2,439						2,486
Investments and Restricted Cash			20						26
Deferred Income Tax Assets			143						176
Other Non-Current Assets			1,678						1,054
Total Assets			$	69,544					$	69,405
LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases			$	2,581					$	2,131
Current maturities of operating leases			560						580
Accounts payable			6,731						7,523
Accrued wage and withholdings			3,643						3,819
Self-insurance reserves			1,081						1,048
Accrued group welfare and retirement plan contributions			1,006						1,038
Hedge margin liabilities			1,031						260
Other current liabilities			1,046						1,170
Total Current Liabilities			17,679						17,569
Long-Term Debt and Finance Leases			17,769						19,784
Non-Current Operating Leases			2,960						3,033
Pension and Postretirement Benefit Obligations			6,747						8,047
Deferred Income Tax Liabilities			3,761						3,125
Other Non-Current Liabilities			3,640						3,578
Shareowners' Equity:
Class A common stock			2						2
Class B common stock			7						7
Additional paid-in capital			—						1,343
Retained earnings			20,177						16,179
Accumulated other comprehensive loss			(3,218)						(3,278)
Deferred compensation obligations			12						16
Less: Treasury stock			(12)						(16)
Total Equity for Controlling Interests			16,968						14,253
Noncontrolling interests			20						16
Total Shareowners' Equity			16,988						14,269
Total Liabilities and Shareowners' Equity			$	69,544					$	69,405

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Statements of Consolidated Cash Flows

(unaudited)

(amounts in millions)									Nine Months Ended
									September 30
									2022						2021
Cash Flows From Operating Activities:
			Net income						$	8,095					$	9,797
			Adjustments to reconcile net income to net cash from operating activities:
			Depreciation and amortization						2,300						2,199
			Pension and postretirement benefit (income) expense						666						(2,656)
			Pension and postretirement benefit contributions						(2,106)						(331)
			Self-insurance reserves						182						122
			Deferred tax (benefit) expense						466						1,271
			Stock compensation expense						850						700
			Other (gains) losses						(25)						33
			Changes in assets and liabilities, net of effects of business acquisitions:
			Accounts receivable						1,022						(21)
			Other assets						(98)						256
			Accounts payable						(952)						20
			Accrued wages and withholdings						(59)						306
			Other liabilities						481						65
			Other operating activities						(50)						—
			Net cash from operating activities						10,772						11,761
Cash Flows From Investing Activities:
			Capital expenditures						(2,278)						(2,570)
			Proceeds from disposal of businesses, property, plant and equipment						12						870
			Purchases of marketable securities						(195)						(197)
			Sales and maturities of marketable securities						193						257
			Net change in finance receivables						23						28
			Cash paid for business acquisitions, net of cash and cash equivalents acquired						(106)						(12)
			Other investing activities						(57)						24
			Net cash used in investing activities						(2,408)						(1,600)
Cash Flows From Financing Activities:
			Net change in short-term debt						—						—
			Proceeds from long-term borrowings						—						—
			Repayments of long-term borrowings						(1,124)						(2,613)
			Purchases of common stock						(2,194)						(500)
			Issuances of common stock						198						196
			Dividends						(3,842)						(2,578)
			Other financing activities						(513)						(361)
			Net cash used in financing activities						(7,475)						(5,856)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash									(99)						(3)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash									790						4,302
Cash, Cash Equivalents and Restricted Cash:
			Beginning of period						10,255						5,910
			End of period						$	11,045					$	10,212

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Reconciliation of Free Cash Flow (Non-GAAP measure)

(unaudited)

(amounts in millions)																								Nine Months Ended
																								September 30
																								2022						2021
Cash flows from operating activities																								$	10,772					$	11,761
Capital expenditures																								(2,278)						(2,570)
Proceeds from disposals of property, plant and equipment																								12						22
Net change in finance receivables																								23						28
Other investing activities																								(57)						24
Free Cash Flow (Non-GAAP measure)																								$	8,472					$	9,265

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Reconciliation of Adjusted Debt to Adjusted EBITDA (Non-GAAP measure)

(unaudited)

(amounts in millions)						TTM(1) Ended						TTM(1) Ended
						September 30, 2022						September 30, 2021
Net Income						$	11,188					$	6,450
Add back:
Income tax expense						3,132						1,895
Interest expense						695						696
Depreciation and amortization						3,054						2,911
EBITDA						18,069						11,952
Add back (deduct):
Transformation and other						193						1,106
Defined benefit plan (gains) and losses						(15)						3,194
Investment income and other						(1,210)						(1,279)
Adjusted EBITDA						$	17,037					$	14,973
Debt and finance leases, including current maturities						$	20,350					$	22,106
Add back:
Non-current pension and postretirement benefit obligations						6,747						7,672
Adjusted total debt						$	27,097					$	29,778
Adjusted total debt/adjusted EBITDA						1.59						1.99

(1) Trailing twelve months

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Reconciliation of Adjusted Return on Invested Capital (Non-GAAP measure)

(unaudited)

(amounts in millions)						TTM(1) Ended						TTM(1) Ended
						September 30, 2022						September 30, 2021
Net Income						$	11,188					$	6,450
Add back (deduct):
Income tax expense						3,132						1,895
Interest expense						695						696
Other pension (income) expense						(1,193)						1,967
Investment (income) expense and other						(32)						(52)
Operating profit						13,790						10,956
Transformation and other						$	193					$	1,106
Adjusted operating profit						$	13,983					$	12,062
Average debt and finance leases, including current maturities						$	21,228					$	23,912
Average non-current pension and postretirement benefit obligations						7,210						8,651
Average shareowners' equity						14,523						8,832
Average Invested Capital						$	42,961					$	41,395
Net income to average invested capital						26.0		%				15.6		%
Adjusted Return on Invested Capital						32.5		%				29.1		%

(1) Trailing twelve months

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Reconciliation of GAAP and As Adjusted Income Statement Data

(unaudited)

			Three Months Ended September 30,
(in millions, except per share data)			2022																		2021
			As Reported (GAAP)												Transformation & Other Adj.(1)						As Adjusted (Non-GAAP)						As Reported (GAAP)												Transformation & Other Adj.(2)						As Adjusted (Non-GAAP)						% Change As Rep. (GAAP)			% Change As Adj. (Non-GAAP)
U.S. Domestic Package			$	13,708											20						$	13,688					$	12,801											$	7					$	12,794					7.1		%	7.0		%
International Package			3,802												7						3,795						3,669												57						3,612						3.6		%	5.1		%
Supply Chain Solutions			3,538												9						3,529						3,818												10						3,808						(7.3)		%	(7.3)		%
Operating expense			21,048												36						21,012						20,288												74						20,214						3.7		%	3.9		%
U.S. Domestic Package			$	1,666											20						$	1,686					$	1,407											$	7					$	1,414					18.4		%	19.2		%
International Package			997												7						1,004						1,051												57						1,108						(5.1)		%	(9.4)		%
Supply Chain Solutions			450												9						459						438												10						448						2.7		%	2.5		%
Operating Profit			3,113												36						3,149						2,896												74						2,970						7.5		%	6.0		%
Other Income and (Expense):
Other pension income (expense)			297												—						297						285												—						285						4.2		%	4.2		%
Investment income (expense) and other			36												—						36						(11)												—						(11)						N/M			N/M
Interest expense			(177)												—						(177)						(177)												—						(177)						0.0		%	0.0		%
Total Other Income (Expense)			$	156											$	—					$	156					$	97											$	—					$	97					60.8		%	60.8		%
Income Before Income Taxes			3,269												36						3,305						2,993												74						3,067						9.2		%	7.8		%
Income Tax Expense			685												9						694						664												20						684						3.2		%	1.5		%
Net Income			$	2,584											$	27					$	2,611					$	2,329											$	54					$	2,383					10.9		%	9.6		%
Basic Earnings Per Share			$	2.97											$	0.03					$	3.00					$	2.66											$	0.06					$	2.72					11.7		%	10.3		%
Diluted Earnings Per Share			$	2.96											$	0.03					$	2.99					$	2.65											$	0.06					$	2.71					11.7		%	10.3		%
Weighted-average shares outstanding:
Basic			870																								875
Diluted			872																								879

(1) Transformation & Other of $36 million reflects other employee benefits costs of $15 million and other costs of $21 million.

(2) Transformation & Other of $74 million reflects other employee benefits costs of $33 million and other costs of $41 million.

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Reconciliation of GAAP and As Adjusted Income Statement Data

(unaudited)

			Nine Months Ended September 30,
(in millions, except per share data)			2022																								2021
			As Reported (GAAP)						Pension Adj.(1)						Transformation & Other Adj.(2)						As Adjusted (Non-GAAP)						As Reported (GAAP)						Pension Adj.(3)						Transformation & Other Adj.(4)						As Adjusted (Non-GAAP)						% Change As Rep. (GAAP)			% Change As Adj. (Non-GAAP)
U.S. Domestic Package			$	40,800					$	—					89						$	40,711					$	38,287					$	—					$	219					$	38,068					6.6		%	6.9		%
International Package			11,442						—						22						11,420						10,824						—						69						10,755						5.7		%	6.2		%
Supply Chain Solutions(5)			11,164						—						21						11,143						11,486						—						(15)						11,501						(2.8)		%	(3.1)		%
Operating expense			63,406						—						132						63,274						60,597						—						273						60,324						4.6		%	4.9		%
U.S. Domestic Package			$	5,157					$	—					89						$	5,246					$	4,333					$	—					$	219					$	4,552					19.0		%	15.2		%
International Package			3,306						—						22						3,328						3,320						—						69						3,389						(0.4)		%	(1.8)		%
Supply Chain Solutions(5)			1,436						—						21						1,457						1,266						—						(15)						1,251						13.4		%	16.5		%
Operating Profit			9,899						—						132						10,031						8,919						—						273						9,192						11.0		%	9.1		%
Other Income and (Expense):
Other pension income (expense)			926						(33)						—						893						4,190						(3,290)						—						900						(77.9)		%	(0.8)		%
Investment income (expense) and other			55						—						—						55						45						—						—						45						22.2		%	22.2		%
Interest expense			(522)						—						—						(522)						(521)						—						—						(521)						0.2		%	0.2		%
Total Other Income (Expense)			$	459					$	(33)					$	—					$	426					$	3,714					$	(3,290)					$	—					$	424					(87.6)		%	0.5		%
Income Before Income Taxes			10,358						(33)						132						10,457						12,633						(3,290)						273						9,616						(18.0)		%	8.7		%
Income Tax Expense			2,263						(9)						31						2,285						2,836						(788)						68						2,116						(20.2)		%	8.0		%
Net Income			$	8,095					$	(24)					$	101					$	8,172					$	9,797					$	(2,502)					$	205					$	7,500					(17.4)		%	9.0		%
Basic Earnings Per Share			$	9.27					$	(0.03)					$	0.12					$	9.36					$	11.21					$	(2.86)					$	0.23					$	8.58					(17.3)		%	9.1		%
Diluted Earnings Per Share			$	9.24					$	(0.03)					$	0.12					$	9.33					$	11.16					$	(2.85)					$	0.23					$	8.54					(17.2)		%	9.3		%
Weighted-average shares outstanding:
Basic			873																								874
Diluted			876																								878

(1) Represents the impact of curtailment of benefits effective December 31, 2023, for the Canada LTD Retirement Plan.

(2) Transformation & Other of $132 million reflects other employee benefits costs of $71 million and other costs of $61 million.

(3) Represents a mark-to-market gain recognized outside of a 10% corridor for the UPS IBT Pension Plan

(4) Transformation & Other of $273 million reflects a gain on the divestiture of UPS Freight of $101 million, net of a previously-recognized valuation allowance of $66 million, other employee benefits costs of $164 million and other costs of $144 million.

(5) The divestiture of UPS Freight was completed on April 30, 2021.

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Supplemental Analysis of Currency - Third Quarter

(unaudited)

Reconciliation of Currency Neutral Revenue Per Piece, Revenue and As Adjusted Operating Profit
			GAAP																								Non-GAAP
			Three Months Ended																								Currency
(in millions, except per piece data)			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
Average Revenue Per Piece:
International Package:
Domestic			$	7.31					$	7.19					1.7		%				$	1.08					$	8.39					16.7		%
Export			34.77						33.56						3.6		%				1.96						36.73						9.4		%
Total International Package			$	21.07					$	19.80					6.4		%				$	1.52					$	22.59					14.1		%
Consolidated			$	13.58					$	12.50					8.6		%				$	0.23					$	13.81					10.5		%
			Three Months Ended																								Currency
			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
Revenue (in millions):
U.S. Domestic Package			$	15,374					$	14,208					8.2		%				$	—					$	15,374					8.2		%
International Package			4,799						4,720						1.7		%				335						5,134						8.8		%
Supply Chain Solutions			3,988						4,256						(6.3)		%				92						4,080						(4.1)		%
Total revenue			$	24,161					$	23,184					4.2		%				$	427					$	24,588					6.1		%
			Three Months Ended																								Currency
			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
As Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package			$	1,686					$	1,414					19.2		%				$	—					$	1,686					19.2		%
International Package			1,004						1,108						(9.4)		%				82						1,086						(2.0)		%
Supply Chain Solutions			459						448						2.5		%				(7)						452						0.9		%
Total operating profit			$	3,149					$	2,970					6.0		%				$	75					$	3,224					8.6		%

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences

(2) Amounts adjusted for transformation & other

Certain prior year amounts have been reclassified to conform to the current year presentation.

---

United Parcel Service, Inc.

Supplemental Analysis of Currency - Year to Date

(unaudited)

Reconciliation of Currency Neutral Revenue Per Piece, Revenue and As Adjusted Operating Profit
			GAAP																								Non-GAAP
			Nine Months Ended																								Currency
(in millions, except per piece data)			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
Average Revenue Per Piece:
International Package:
Domestic			$	7.43					$	7.32					1.5		%				$	0.78					$	8.21					12.2		%
Export			35.26						32.41						8.8		%				1.41						36.67						13.1		%
Total International Package			$	21.22					$	19.19					10.6		%				$	1.10					$	22.32					16.3		%
Consolidated			$	13.52					$	12.29					10.0		%				$	0.16					$	13.68					11.3		%
			Nine Months Ended																								Currency
			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
Revenue (in millions):
U.S. Domestic Package			$	45,957					$	42,620					7.8		%				$	—					$	45,957					7.8		%
International Package			14,748						14,144						4.3		%				739						15,487						9.5		%
Supply Chain Solutions(2)			12,600						12,752						(1.2)		%				191						12,791						0.3		%
Total revenue			$	73,305					$	69,516					5.5		%				$	930					$	74,235					6.8		%
			Nine Months Ended																								Currency
			September 30																								Neutral
			2022						2021						% Change						Currency						2022 (1)						% Change
As Adjusted Operating Profit (in millions)(3):
U.S. Domestic Package			$	5,246					$	4,552					15.2		%				$	—					$	5,246					15.2		%
International Package			3,328						3,389						(1.8)		%				170						3,498						3.2		%
Supply Chain Solutions(2)			1,457						1,251						16.5		%				(25)						1,432						14.5		%
Total operating profit			$	10,031					$	9,192					9.1		%				$	145					$	10,176					10.7		%

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences

(2) The divestiture of UPS Freight was completed on April 30, 2021.

(3) Amounts adjusted for transformation & other

Certain prior year amounts have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Aircraft Fleet - As of September 30, 2022

(unaudited)

Description			Owned and Finance Leases			Operating Leases & Charters from Others			On Order			Under Option
Operating:
Boeing 757-200			75			—			—			—
Boeing 767-300			72			—			27			—
Boeing 767-300BCF			5			—			—			—
Boeing 767-300BDSF			4			—			—			—
Airbus A300-600			52			—			—			—
Boeing MD-11			42			—			—			—
Boeing 747-400F			11			—			—			—
Boeing 747-400BCF			2			—			—			—
Boeing 747-8F			28			—			—			2
Other			—			293			—			—
Total			291			293			27			2

Certain prior year amounts have been reclassified to conform to the current year presentation.