Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.24.3
REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation of Revenue
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2024 2023 2024 2023
Revenue:
Next Day Air $ 2,396  $ 2,372  $ 7,021  $ 7,240 
Deferred 1,109  1,128  3,372  3,491 
Ground 10,945  10,160  32,410  32,312 
     U.S. Domestic Package 14,450  13,660  42,803  43,043 
Domestic 771  742  2,299  2,299 
Export 3,482  3,367  10,269  10,387 
Cargo & Other 158  158  469  539 
    International Package 4,411  4,267  13,037  13,225 
Forwarding 1,307  1,327  3,902  4,217 
Logistics 1,550  1,430  4,638  4,271 
Other 527  377  1,389  1,285 
    Supply Chain Solutions 3,384  3,134  9,929  9,773 
Consolidated revenue $ 22,245  $ 21,061  $ 65,769  $ 66,041 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of September 30, 2024 and December 31, 2023 were as follows (in millions):
Balance Sheet Location
September 30, 2024
 December 31, 2023
Contract Assets:
Revenue related to in-transit packages Other current assets $ 235  $ 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