United Parcel Service, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2022

The carrying value of our outstanding debt obligations as of March 31, 2022 and December 31, 2021 consists of the following (in millions):


	Principal Amount			Carrying Value
			Maturity	2022		2021
Commercial paper	$	—		$	—	$	—

Fixed-rate senior notes:
2.450% senior notes	1,000		2022	1,002		1,010
2.350% senior notes	600		2022	600		600
2.500% senior notes	1,000		2023	999		998
2.800% senior notes	500		2024	498		498
2.200% senior notes	400		2024	399		399
3.900% senior notes	1,000		2025	996		996
2.400% senior notes	500		2026	499		498
3.050% senior notes	1,000		2027	994		994
3.400% senior notes	750		2029	746		746
2.500% senior notes	400		2029	397		397
4.450% senior notes	750		2030	744		744
6.200% senior notes	1,500		2038	1,484		1,484
5.200% senior notes	500		2040	494		494
4.875% senior notes	500		2040	491		491
3.625% senior notes	375		2042	368		368
3.400% senior notes	500		2046	492		492
3.750% senior notes	1,150		2047	1,137		1,137
4.250% senior notes	750		2049	743		743
3.400% senior notes	700		2049	688		688
5.300% senior notes	1,250		2050	1,231		1,231
Floating-rate senior notes:
Floating-rate senior notes	400		2022	400		400
Floating-rate senior notes	500		2023	500		500
Floating-rate senior notes	1,039		2049-2067	1,027		1,027
Debentures:

7.620% debentures	276		2030	280		280
Pound Sterling Notes:
5.500% notes	87		2031	86		89
5.125% notes	596		2050	566		583
Euro Senior Notes:
0.375% senior notes	776		2023	774		791
1.625% senior notes	776		2025	773		791
1.000% senior notes	554		2028	551		564
1.500% senior notes	554		2032	551		564

Canadian senior notes:
2.125% senior notes	601		2024	600		585
Finance lease obligations	448		2022-2062	448		408
Facility notes and bonds	320		2029-2045	320		320
Other debt	3		2022-2025	3		5
Total debt	$	22,055		21,881		21,915
Less: current maturities				(2,141)		(2,131)
Long-term debt				$	19,740	$	19,784

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details