Exhibit 99.2

United Parcel Service, Inc.

Selected Financial Data - Second Quarter

(unaudited)

			Three Months Ended
			June 30
			2023			2022			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package			$	14,396		$	15,459		$	(1,063)		(6.9)		%
International Package			4,415			5,073			(658)			(13.0)		%
Supply Chain Solutions			3,244			4,234			(990)			(23.4)		%
Total revenue			22,055			24,766			(2,711)			(10.9)		%
Operating expenses:
U.S. Domestic Package			12,794			13,630			(836)			(6.1)		%
International Package			3,532			3,880			(348)			(9.0)		%
Supply Chain Solutions			2,949			3,721			(772)			(20.7)		%
Total operating expenses			19,275			21,231			(1,956)			(9.2)		%
Operating profit:
U.S. Domestic Package			1,602			1,829			(227)			(12.4)		%
International Package			883			1,193			(310)			(26.0)		%
Supply Chain Solutions			295			513			(218)			(42.5)		%
Total operating profit			2,780			3,535			(755)			(21.4)		%
Other income (expense):
Other pension income (expense)			66			298			(232)			(77.9)		%
Investment income (expense) and other			65			35			30			85.7		%
Interest expense			(191)			(171)			(20)			11.7		%
Total other income (expense)			(60)			162			(222)			N/A
Income before income taxes			2,720			3,697			(977)			(26.4)		%
Income tax expense			639			848			(209)			(24.6)		%
Net income			$	2,081		$	2,849		$	(768)		(27.0)		%
Net income as a percentage of revenue			9.4		%	11.5		%
Per share amounts:
Basic earnings per share			$	2.42		$	3.26		$	(0.84)		(25.8)		%
Diluted earnings per share			$	2.42		$	3.25		$	(0.83)		(25.5)		%
Weighted-average shares outstanding:
Basic			860			874			(14)			(1.6)		%
Diluted			861			876			(15)			(1.7)		%
As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package			$	1,681		$	1,855		$	(174)		(9.4)		%
International Package			902			1,204			(302)			(25.1)		%
Supply Chain Solutions			336			517			(181)			(35.0)		%
Total operating profit			2,919			3,576			(657)			(18.4)		%
Total other income (expense)			$	(60)		$	162		$	(222)		N/A
Income before income taxes			$	2,859		$	3,738		$	(879)		(23.5)		%
Net income			$	2,187		$	2,880		$	(693)		(24.1)		%
Basic earnings per share			$	2.54		$	3.30		$	(0.76)		(23.0)		%
Diluted earnings per share			$	2.54		$	3.29		$	(0.75)		(22.8)		%

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

.

Prior year amounts may have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Selected Operating Data - Second Quarter

(unaudited)

			Three Months Ended
			June 30
			2023			2022			Change			% Change
Revenue (in millions):
U.S. Domestic Package:
Next Day Air			$	2,407		$	2,656		$	(249)		(9.4)		%
Deferred			1,169			1,392			(223)			(16.0)		%
Ground			10,820			11,411			(591)			(5.2)		%
Total U.S. Domestic Package			14,396			15,459			(1,063)			(6.9)		%
International Package:
Domestic			763			829			(66)			(8.0)		%
Export			3,468			3,976			(508)			(12.8)		%
Cargo and Other			184			268			(84)			(31.3)		%
Total International Package			4,415			5,073			(658)			(13.0)		%
Supply Chain Solutions:
Forwarding			1,376			2,389			(1,013)			(42.4)		%
Logistics			1,431			1,290			141			10.9		%
Other			437			555			(118)			(21.3)		%
Total Supply Chain Solutions			3,244			4,234			(990)			(23.4)		%
Consolidated			$	22,055		$	24,766		$	(2,711)		(10.9)		%
Consolidated volume (in millions)			1,338			1,476			(138)			(9.4)		%
Operating weekdays			64			64			—			0.0		%
Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air			1,679			1,910			(231)			(12.1)		%
Deferred			1,087			1,401			(314)			(22.4)		%
Ground			14,974			16,374			(1,400)			(8.6)		%
Total U.S. Domestic Package			17,740			19,685			(1,945)			(9.9)		%
International Package:
Domestic			1,554			1,703			(149)			(8.7)		%
Export			1,608			1,683			(75)			(4.5)		%
Total International Package			3,162			3,386			(224)			(6.6)		%
Consolidated			20,902			23,071			(2,169)			(9.4)		%
Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air			$	22.40		$	21.73		$	0.67		3.1		%
Deferred			16.80			15.52			1.28			8.2		%
Ground			11.29			10.89			0.40			3.7		%
Total U.S. Domestic Package			12.68			12.27			0.41			3.3		%
International Package:
Domestic			7.67			7.61			0.06			0.8		%
Export			33.70			36.91			(3.21)			(8.7)		%
Total International Package			20.91			22.17			(1.26)			(5.7)		%
Consolidated			$	13.92		$	13.72		$	0.20		1.5		%

Prior year amounts may have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Detail of Operating Expenses - Second Quarter

(unaudited)

			Three Months Ended
			June 30
			2023						2022						Change						% Change
(in millions)
Compensation and benefits			$	11,197					$	11,344					$	(147)					(1.3)		%
Repairs and maintenance			682						727						(45)						(6.2)		%
Depreciation and amortization			828						762						66						8.7		%
Purchased transportation			3,173						4,390						(1,217)						(27.7)		%
Fuel			1,090						1,697						(607)						(35.8)		%
Other occupancy			458						422						36						8.5		%
Other expenses			1,847						1,889						(42)						(2.2)		%
Total operating expenses			$	19,275					$	21,231					$	(1,956)					(9.2)		%

Prior year amounts may 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)

			Six Months Ended
			June 30
			2023			2022			Change			% Change
(amounts in millions, except per share data)
Statement of Income Data:
Revenue:
U.S. Domestic Package			$	29,383		$	30,583		$	(1,200)		(3.9)		%
International Package			8,958			9,949			(991)			(10.0)		%
Supply Chain Solutions			6,639			8,612			(1,973)			(22.9)		%
Total revenue			44,980			49,144			(4,164)			(8.5)		%
Operating expenses:
U.S. Domestic Package			26,315			27,092			(777)			(2.9)		%
International Package			7,247			7,640			(393)			(5.1)		%
Supply Chain Solutions			6,097			7,626			(1,529)			(20.0)		%
Total operating expenses			39,659			42,358			(2,699)			(6.4)		%
Operating profit:
U.S. Domestic Package			3,068			3,491			(423)			(12.1)		%
International Package			1,711			2,309			(598)			(25.9)		%
Supply Chain Solutions			542			986			(444)			(45.0)		%
Total operating profit			5,321			6,786			(1,465)			(21.6)		%
Other income (expense):
Other pension income (expense)			132			629			(497)			(79.0)		%
Investment income (expense) and other			168			19			149			784.2		%
Interest expense			(379)			(345)			(34)			9.9		%
Total other income (expense)			(79)			303			(382)			N/A
Income before income taxes			5,242			7,089			(1,847)			(26.1)		%
Income tax expense			1,266			1,578			(312)			(19.8)		%
Net income			$	3,976		$	5,511		$	(1,535)		(27.9)		%
Net income as a percentage of revenue			8.8		%	11.2		%
Per share amounts:
Basic earnings per share			$	4.62		$	6.31		$	(1.69)		(26.8)		%
Diluted earnings per share			$	4.61		$	6.28		$	(1.67)		(26.6)		%
Weighted-average shares outstanding:
Basic			861			874			(13)			(1.5)		%
Diluted			863			878			(15)			(1.7)		%
As Adjusted Income Data (1):
Operating profit:
U.S. Domestic Package			$	3,169		$	3,560		$	(391)		(11.0)		%
International Package			1,708			2,324			(616)			(26.5)		%
Supply Chain Solutions			594			998			(404)			(40.5)		%
Total operating profit			5,471			6,882			(1,411)			(20.5)		%
Total other income (expense)			$	(79)		$	270		$	(349)		N/A
Income before income taxes			$	5,392		$	7,152		$	(1,760)		(24.6)		%
Net income			$	4,091		$	5,561		$	(1,470)		(26.4)		%
Basic earnings per share			$	4.75		$	6.36		$	(1.61)		(25.3)		%
Diluted earnings per share			$	4.74		$	6.33		$	(1.59)		(25.1)		%

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

.

Prior year amounts may 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)

			Six Months Ended
			June 30
			2023			2022			Change			% Change
Revenue (in millions):
U.S. Domestic Package:
Next Day Air			$	4,868		$	5,250		$	(382)		(7.3)		%
Deferred			2,363			2,812			(449)			(16.0)		%
Ground			22,152			22,521			(369)			(1.6)		%
Total U.S. Domestic Package			29,383			30,583			(1,200)			(3.9)		%
International Package:
Domestic			1,557			1,680			(123)			(7.3)		%
Export			7,020			7,754			(734)			(9.5)		%
Cargo and Other			381			515			(134)			(26.0)		%
Total International Package			8,958			9,949			(991)			(10.0)		%
Supply Chain Solutions:
Forwarding			2,890			4,978			(2,088)			(41.9)		%
Logistics			2,841			2,541			300			11.8		%
Other			908			1,093			(185)			(16.9)		%
Total Supply Chain Solutions			6,639			8,612			(1,973)			(22.9)		%
Consolidated			$	44,980		$	49,144		$	(4,164)		(8.5)		%
Consolidated volume (in millions)			2,745			2,966			(221)			(7.5)		%
Operating weekdays			128			128			—			0.0		%
Average Daily Package Volume (in thousands):
U.S. Domestic Package:
Next Day Air			1,708			1,928			(220)			(11.4)		%
Deferred			1,113			1,455			(342)			(23.5)		%
Ground			15,385			16,330			(945)			(5.8)		%
Total U.S. Domestic Package			18,206			19,713			(1,507)			(7.6)		%
International Package:
Domestic			1,594			1,754			(160)			(9.1)		%
Export			1,645			1,708			(63)			(3.7)		%
Total International Package			3,239			3,462			(223)			(6.4)		%
Consolidated			21,445			23,175			(1,730)			(7.5)		%
Average Revenue Per Piece:
U.S. Domestic Package:
Next Day Air			$	22.27		$	21.27		$	1.00		4.7		%
Deferred			16.59			15.10			1.49			9.9		%
Ground			11.25			10.77			0.48			4.5		%
Total U.S. Domestic Package			12.61			12.12			0.49			4.0		%
International Package:
Domestic			7.63			7.48			0.15			2.0		%
Export			33.34			35.47			(2.13)			(6.0)		%
Total International Package			20.69			21.29			(0.60)			(2.8)		%
Consolidated			$	13.83		$	13.49		$	0.34		2.5		%

Prior year amounts may 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)

			Six Months Ended
			June 30
			2023						2022						Change						% Change
(in millions)
Compensation and benefits			$	22,659					$	22,945					$	(286)					(1.2)		%
Repairs and maintenance			1,407						1,428						(21)						(1.5)		%
Depreciation and amortization			1,662						1,526						136						8.9		%
Purchased transportation			6,716						8,997						(2,281)						(25.4)		%
Fuel			2,361						2,917						(556)						(19.1)		%
Other occupancy			1,009						923						86						9.3		%
Other expenses			3,845						3,622						223						6.2		%
Total operating expenses			$	39,659					$	42,358					$	(2,699)					(6.4)		%

Prior year amounts may have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Consolidated Balance Sheets

June 30, 2023 (unaudited) and December 31, 2022

			June 30, 2023						December 31, 2022
(amounts in millions)
ASSETS
Current Assets:
Cash and cash equivalents			$	4,812					$	5,602
Marketable securities			3,071						1,993
Accounts receivable			9,738						12,729
Less: Allowance for credit losses			(151)						(146)
Accounts receivable, net			9,587						12,583
Other current assets			1,969						2,039
Total Current Assets			19,439						22,217
Property, Plant and Equipment, Net			35,501						34,719
Operating Lease Right-Of-Use Assets			4,219						3,755
Goodwill			4,250						4,223
Intangible Assets, Net			2,890						2,796
Deferred Income Tax Assets			137						139
Other Non-Current Assets			3,911						3,275
Total Assets			$	70,347					$	71,124
LIABILITIES AND SHAREOWNERS' EQUITY
Current Liabilities:
Current maturities of long-term debt, commercial paper and finance leases			$	1,412					$	2,341
Current maturities of operating leases			673						621
Accounts payable			6,085						7,515
Accrued wages and withholdings			2,962						4,049
Self-insurance reserves			1,101						1,069
Accrued group welfare and retirement plan contributions			1,200						1,078
Other current liabilities			1,253						1,467
Total Current Liabilities			14,686						18,140
Long-Term Debt and Finance Leases			19,351						17,321
Non-Current Operating Leases			3,680						3,238
Pension and Postretirement Benefit Obligations			4,635						4,807
Deferred Income Tax Liabilities			4,421						4,302
Other Non-Current Liabilities			3,537						3,513
Shareowners' Equity:
Class A common stock			2						2
Class B common stock			7						7
Additional paid-in capital			—						—
Retained earnings			21,584						21,326
Accumulated other comprehensive loss			(1,574)						(1,549)
Deferred compensation obligations			9						13
Less: Treasury stock			(9)						(13)
Total Equity for Controlling Interests			20,019						19,786
Noncontrolling interests			18						17
Total Shareowners' Equity			20,037						19,803
Total Liabilities and Shareowners' Equity			$	70,347					$	71,124

Prior year amounts may 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)									Six Months Ended
									June 30
									2023						2022
Cash Flows From Operating Activities:
			Net income						$	3,976					$	5,511
			Adjustments to reconcile net income to net cash from operating activities:
			Depreciation and amortization						1,662						1,526
			Pension and postretirement benefit expense						486						433
			Pension and postretirement benefit contributions						(1,328)						(123)
			Self-insurance reserves						64						112
			Deferred tax (benefit) expense						168						360
			Stock compensation expense						165						617
			Other (gains) losses						(19)						11
			Changes in assets and liabilities, net of effects of business acquisitions:
			Accounts receivable						2,898						820
			Other assets						187						(62)
			Accounts payable						(1,921)						(508)
			Accrued wages and withholdings						(535)						(348)
			Other liabilities						(132)						22
			Other operating activities						(77)						(78)
			Net cash from operating activities						5,594						8,293
Cash Flows From Investing Activities:
			Capital expenditures						(1,820)						(1,388)
			Proceeds from disposal of businesses, property, plant and equipment						50						9
			Purchases of marketable securities						(2,970)						(132)
			Sales and maturities of marketable securities						1,903						130
			Acquisitions, net of cash acquired						(34)						(99)
			Other investing activities						12						(19)
			Net cash used in investing activities						(2,859)						(1,499)
Cash Flows From Financing Activities:
			Net change in short-term debt						—						—
			Proceeds from long-term borrowings						2,503						—
			Repayments of long-term borrowings						(1,596)						(1,105)
			Purchases of common stock						(1,498)						(1,242)
			Issuances of common stock						119						136
			Dividends						(2,693)						(2,567)
			Other financing activities						(417)						(508)
			Net cash from (used in) financing activities						(3,582)						(5,286)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash									57						(28)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash									(790)						1,480
Cash, Cash Equivalents and Restricted Cash:
			Beginning of period						5,602						10,255
			End of period						$	4,812					$	11,735

Prior year amounts may 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)																								Six Months Ended
																								June 30
																								2023						2022
Cash flows from operating activities																								$	5,594					$	8,293
Capital expenditures																								(1,820)						(1,388)
Proceeds from disposals of property, plant and equipment																								50						9
Other investing activities																								12						(19)
Free Cash Flow (Non-GAAP measure)																								$	3,836					$	6,895

Prior year amounts may 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
						June 30, 2023						June 30, 2022
Net income						$	10,013					$	10,933
Add back:
Income tax expense						2,965						3,111
Interest expense						738						695
Depreciation & amortization						3,324						3,018
EBITDA						17,040						17,757
Add back (deduct):
Incentive compensation program redesign						505						—
Transformation and other						232						231
Defined benefit plan (gains) and losses						(1,028)						(15)
Investment income and other pension income						(1,059)						(1,151)
Adjusted EBITDA						$	15,690					$	16,822
Debt and finance leases, including current maturities						$	20,763					$	20,576
Add back:
Non-current pension and postretirement benefit obligations						4,635						8,343
Adjusted total debt						$	25,398					$	28,919
Adjusted total debt/Net income						2.54						2.65
Adjusted total debt/adjusted EBITDA (Non-GAAP)						1.62						1.72

(1) Trailing twelve months.

Prior year amounts may 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
						June 30, 2023						June 30, 2022
Net income						$	10,013					$	10,933
Add back (deduct):
Income tax expense						2,965						3,111
Interest expense						738						695
Other pension (income) expense						(1,754)						(1,181)
Investment (income) expense and other						(333)						15
Operating profit						$	11,629					$	13,573
Incentive compensation program redesign						505						—
Long-lived asset estimated residual value changes						76						—
Transformation and other						232						231
Adjusted operating profit						$	12,442					$	13,804
Average debt and finance leases, including current maturities						$	20,670					$	21,584
Average pension and postretirement benefit obligations						6,489						8,009
Average shareowners' equity						18,174						13,566
Average invested capital						$	45,333					$	43,159
Net income to average invested capital						22.1		%				25.3		%
Adjusted Return on Invested Capital (Non-GAAP)						27.4		%				32.0		%

(1) Trailing twelve months.

Prior year amounts may 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 June 30,
(in millions, except per share data)			2023																		2022
			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			$	12,794					$	79					$	12,715					$	13,630											$	26					$	13,604					(6.1)		%	(6.5)		%
International Package			3,532						19						3,513						3,880												11						3,869						(9.0)		%	(9.2)		%
Supply Chain Solutions			2,949						41						2,908						3,721												4						3,717						(20.7)		%	(21.8)		%
Operating expense			19,275						139						19,136						21,231												41						21,190						(9.2)		%	(9.7)		%
U.S. Domestic Package			$	1,602					$	79					$	1,681					$	1,829											$	26					$	1,855					(12.4)		%	(9.4)		%
International Package			883						19						902						1,193												11						1,204						(26.0)		%	(25.1)		%
Supply Chain Solutions			295						41						336						513												4						517						(42.5)		%	(35.0)		%
Operating Profit			2,780						139						2,919						3,535												41						3,576						(21.4)		%	(18.4)		%
Other Income and (Expense):
Other pension income (expense)			66						—						66						298												—						298						(77.9)		%	(77.9)		%
Investment income (expense) and other			65						—						65						35												—						35						85.7		%	85.7		%
Interest expense			(191)						—						(191)						(171)												—						(171)						11.7		%	11.7		%
Total Other Income (Expense)			$	(60)					$	—					$	(60)					$	162											$	—					$	162					N/A			N/A
Income Before Income Taxes			2,720						139						2,859						3,697												41						3,738						(26.4)		%	(23.5)		%
Income Tax Expense			639						33						672						848												10						858						(24.6)		%	(21.7)		%
Net Income			$	2,081					$	106					$	2,187					$	2,849											$	31					$	2,880					(27.0)		%	(24.1)		%
Basic Earnings Per Share			$	2.42					$	0.12					$	2.54					$	3.26											$	0.04					$	3.30					(25.8)		%	(23.0)		%
Diluted Earnings Per Share			$	2.42					$	0.12					$	2.54					$	3.25											$	0.04					$	3.29					(25.5)		%	(22.8)		%
Weighted-average shares outstanding:
Basic			860																		874
Diluted			861																		876

(1) Reflects other employee benefits costs of $109 million and other costs of $30 million.

(2) Reflects other employee benefits costs of $23 million and other costs of $18 million.        

Prior year amounts may 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)

			Six Months Ended June 30,
(in millions, except per share data)			2023																		2022
			As Reported (GAAP)						Transformation & Other Adj.(1)						As Adjusted (Non-GAAP)						As Reported (GAAP)						Pension Adj.(2)						Transformation & Other Adj.(3)						As Adjusted (Non-GAAP)						% Change As Rep. (GAAP)			% Change As Adj. (Non-GAAP)
U.S. Domestic Package			$	26,315					$	101					$	26,214					$	27,092					$	—					$	69					$	27,023					(2.9)		%	(3.0)		%
International Package			7,247						(3)						7,250						7,640						—						15						7,625						(5.1)		%	(4.9)		%
Supply Chain Solutions			6,097						52						6,045						7,626						—						12						7,614						(20.0)		%	(20.6)		%
Operating expense			39,659						150						39,509						42,358						—						96						42,262						(6.4)		%	(6.5)		%
U.S. Domestic Package			$	3,068					$	101					$	3,169					$	3,491					$	—					$	69					$	3,560					(12.1)		%	(11.0)		%
International Package			1,711						(3)						1,708						2,309						—						15						2,324						(25.9)		%	(26.5)		%
Supply Chain Solutions			542						52						594						986						—						12						998						(45.0)		%	(40.5)		%
Operating Profit			5,321						150						5,471						6,786						—						96						6,882						(21.6)		%	(20.5)		%
Other Income and (Expense):
Other pension income (expense)			132						—						132						629						(33)						—						596						(79.0)		%	(77.9)		%
Investment income (expense) and other			168						—						168						19						—						—						19						784.2		%	784.2		%
Interest expense			(379)						—						(379)						(345)						—						—						(345)						9.9		%	9.9		%
Total Other Income (Expense)			$	(79)					$	—					$	(79)					$	303					$	(33)					$	—					$	270					N/A			N/A
Income Before Income Taxes			5,242						150						5,392						7,089						(33)						96						7,152						(26.1)		%	(24.6)		%
Income Tax Expense			1,266						35						1,301						1,578						(9)						22						1,591						(19.8)		%	(18.2)		%
Net Income			$	3,976					$	115					$	4,091					$	5,511					$	(24)					$	74					$	5,561					(27.9)		%	(26.4)		%
Basic Earnings Per Share			$	4.62					$	0.13					$	4.75					$	6.31					$	(0.03)					$	0.08					$	6.36					(26.8)		%	(25.3)		%
Diluted Earnings Per Share			$	4.61					$	0.13					$	4.74					$	6.28					$	(0.03)					$	0.08					$	6.33					(26.6)		%	(25.1)		%
Weighted-average shares outstanding:
Basic			861																		874
Diluted			863																		878

(1) Reflects a goodwill impairment charge of $8 million within Supply Chain Solutions, employee benefit benefits costs of $97 million and other costs of $45 million.

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

(3) Reflects other employee benefits costs of $56 million and other costs of $40 million.

Prior year amounts may have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Supplemental Analysis of Currency - Second Quarter

(unaudited)

Reconciliation of Currency Neutral Revenue Per Piece, Revenue and As Adjusted Operating Profit
			Three Months Ended																								Currency
			June 30																								Neutral
(in millions, except per piece data)			(GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
Average Revenue Per Piece:
International Package:
Domestic			$	7.67					$	7.61					0.8		%				$	0.10					$	7.77					2.1		%
Export			33.70						36.91						(8.7)		%				0.23						33.93						(8.1)		%
Total International Package			$	20.91					$	22.17					(5.7)		%				$	0.17					$	21.08					(4.9)		%
Consolidated			$	13.92					$	13.72					1.5		%				$	0.03					$	13.95					1.7		%
			Three Months Ended																								Currency
			June 30																								Neutral
			(GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
Revenue (in millions):
U.S. Domestic Package			$	14,396					$	15,459					(6.9)		%				$	—					$	14,396					(6.9)		%
International Package			4,415						5,073						(13.0)		%				34						4,449						(12.3)		%
Supply Chain Solutions			3,244						4,234						(23.4)		%				7						3,251						(23.2)		%
Total revenue			$	22,055					$	24,766					(10.9)		%				$	41					$	22,096					(10.8)		%
			Three Months Ended																								Currency
			June 30																								Neutral
			(Non-GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
As Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package			$	1,681					$	1,855					(9.4)		%				$	—					$	1,681					(9.4)		%
International Package			902						1,204						(25.1)		%				32						934						(22.4)		%
Supply Chain Solutions			336						517						(35.0)		%				(3)						333						(35.6)		%
Total operating profit			$	2,919					$	3,576					(18.4)		%				$	29					$	2,948					(17.6)		%

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

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

Prior year amounts may have been reclassified to conform to the current year presentation.

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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
			Six Months Ended																								Currency
			June 30																								Neutral
(in millions, except per piece data)			(GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
Average Revenue Per Piece:
International Package:
Domestic			$	7.63					$	7.48					2.0		%				$	0.32					$	7.95					6.3		%
Export			33.34						35.47						(6.0)		%				0.60						33.94						(4.3)		%
Total International Package			$	20.69					$	21.29					(2.8)		%				$	0.46					$	21.15					(0.7)		%
Consolidated			$	13.83					$	13.49					2.5		%				$	0.07					$	13.90					3.0		%
			Six Months Ended																								Currency
			June 30																								Neutral
			(GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
Revenue (in millions):
U.S. Domestic Package			$	29,383					$	30,583					(3.9)		%				$	—					$	29,383					(3.9)		%
International Package			8,958						9,949						(10.0)		%				195						9,153						(8.0)		%
Supply Chain Solutions			6,639						8,612						(22.9)		%				57						6,696						(22.2)		%
Total revenue			$	44,980					$	49,144					(8.5)		%				$	252					$	45,232					(8.0)		%
			Six Months Ended																								Currency
			June 30																								Neutral
			(Non-GAAP)																								(Non-GAAP)
			2023						2022						% Change						Currency						2023 (1)						% Change
As Adjusted Operating Profit (in millions)(2):
U.S. Domestic Package			$	3,169					$	3,560					(11.0)		%				$	—					$	3,169					(11.0)		%
International Package			1,708						2,324						(26.5)		%				83						1,791						(22.9)		%
Supply Chain Solutions			594						998						(40.5)		%				(8)						586						(41.3)		%
Total operating profit			$	5,471					$	6,882					(20.5)		%				$	75					$	5,546					(19.4)		%

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

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

Prior year amounts may have been reclassified to conform to the current year presentation.

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United Parcel Service, Inc.

Aircraft Fleet - As of June 30, 2023

(unaudited)

Description			Owned and Finance Leases			Operating Leases & Charters from Others			On Order			Under Option
Operating:
Boeing 757-200			75			—			—			—
Boeing 767-300			75			—			24			—
Boeing 767-300BCF			6			—			—			—
Boeing 767-300BDSF			4			—			—			—
Airbus A300-600			52			—			—			—
Boeing MD-11(1)			40			—			—			—
Boeing 747-400F			11			—			—			—
Boeing 747-400BCF			2			—			—			—
Boeing 747-8F			28			—			2			—
Other			—			278			—			—
Total			293			278			26			—

(1) Three of the MD-11 aircraft shown above have been retired from operational use as of June 30, 2023. We expect to retire an additional two MD-11 aircraft during the remainder of 2023.