Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation of Revenue
Three Months Ended
 March 31,
2024 2023
Revenue:
Next Day Air $ 2,316  $ 2,461 
Deferred 1,156  1,194 
Ground 10,762  11,332 
     U.S. Domestic Package 14,234  14,987 
Domestic 758  794 
Export 3,350  3,552 
Cargo & Other 148  197 
    International Package 4,256  4,543 
Forwarding 1,280  1,514 
Logistics 1,542  1,410 
Other 394  471 
    Supply Chain Solutions 3,216  3,395 
Consolidated revenue $ 21,706  $ 22,925 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of March 31, 2024 and December 31, 2023 were as follows (in millions):
Balance Sheet Location
March 31, 2024
 December 31, 2023
Contract Assets:
Revenue related to in-transit packages Other current assets $ 269  $ 237 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 13  $ 20 
Long-term advance payments from customers Other non-current liabilities $ 26  $ 25