Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.23.1
REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Disaggregation of Revenue
Three Months Ended
 March 31,
2023 2022
Revenue:
Next Day Air $ 2,461  $ 2,594 
Deferred 1,194  1,420 
Ground 11,332  11,110 
     U.S. Domestic Package 14,987  15,124 
Domestic 794  851 
Export 3,552  3,778 
Cargo & Other 197  247 
    International Package 4,543  4,876 
Forwarding 1,514  2,589 
Logistics 1,410  1,251 
Other 471  538 
    Supply Chain Solutions 3,395  4,378 
Consolidated revenue $ 22,925  $ 24,378 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of March 31, 2023 and December 31, 2022 were as follows (in millions):
Balance Sheet Location
March 31, 2023
December 31, 2022
Contract Assets:
Revenue related to in-transit packages Other current assets $ 267  $ 308 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 10  $ 11 
Long-term advance payments from customers Other non-current liabilities $ 25  $ 26