Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

v3.22.4
REVENUE RECOGNITION (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Year Ended December 31,
2022 2021 2020
Revenue:
Next Day Air $ 10,699  $ 10,009  $ 8,522 
Deferred 5,968  5,846  5,665 
Ground 47,542  44,462  39,312 
U.S. Domestic Package $ 64,209  $ 60,317  $ 53,499 
Domestic $ 3,346  $ 3,690  $ 3,160 
Export 15,341  15,012  12,159 
Cargo & Other 1,011  839  626 
International Package $ 19,698  $ 19,541  $ 15,945 
Forwarding $ 8,943  $ 9,872  $ 6,975 
Logistics 5,351  4,767  4,073 
Freight —  1,064  3,149 
Other 2,137  1,726  987 
Supply Chain Solutions $ 16,431  $ 17,429  $ 15,184 
Consolidated revenue $ 100,338  $ 97,287  $ 84,628 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
Contract assets and liabilities as of December 31, 2022 and 2021 were as follows (in millions):
Balance Sheet Location 2022 2021
Contract Assets:
Revenue related to in-transit packages Other current assets $ 308  $ 304 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 11  $ 27 
Long-term advance payments from customers Other non-current liabilities $ 26  $ 25