Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation of Revenue
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2024 2023 2024 2023
Revenue:
Next Day Air $ 2,309  $ 2,407  $ 4,625  $ 4,868 
Deferred 1,107  1,169  2,263  2,363 
Ground 10,703  10,820  21,465  22,152 
     U.S. Domestic Package 14,119  14,396  28,353  29,383 
Domestic 770  763  1,528  1,557 
Export 3,437  3,468  6,787  7,020 
Cargo & Other 163  184  311  381 
    International Package 4,370  4,415  8,626  8,958 
Forwarding 1,315  1,376  2,595  2,890 
Logistics 1,546  1,431  3,088  2,841 
Other 468  437  862  908 
    Supply Chain Solutions 3,329  3,244  6,545  6,639 
Consolidated revenue $ 21,818  $ 22,055  $ 43,524  $ 44,980 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of June 30, 2024 and December 31, 2023 were as follows (in millions):
Balance Sheet Location
June 30, 2024
 December 31, 2023
Contract Assets:
Revenue related to in-transit packages Other current assets $ 246  $ 237 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 16  $ 20 
Long-term advance payments from customers Other non-current liabilities $ 26  $ 25