Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS (Tables)

v3.22.4
BUSINESS ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Business Combinations [Abstract]    
Schedule of Fair Value of Assets and Liabilities Acquired The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
 2022
Cash and cash equivalents $ 29 
Accounts receivable 90 
Other current assets 17 
Property, Plant, and Equipment 58 
Operating Lease Right-Of-Use Assets 111 
Goodwill 596 
Intangible Assets(1)
385 
Accounts Payable and other current liabilities (159)
Non-Current Operating Leases (85)
Long-Term Debt and Finance Leases (190)
Deferred Income Tax Liabilities (68)
Total purchase price $ 784 

(1) Includes acquisitions of development areas for The UPS Store
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions). Subsequent measurement period adjustments during 2022 were not material.
2021
Cash and cash equivalents $ 12 
Accounts receivable 15 
Goodwill 375 
Intangible assets 231 
Deferred tax liability (47)
Total purchase price $ 586