Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Disaggregation of Revenue
Year Ended December 31,
2024 2023 2022
Revenue:
Next Day Air $ 9,703  $ 9,894  $ 10,699 
Deferred 4,757  5,093  5,968 
Ground 45,347  44,971  47,542 
Cargo & Other
 569  247  402 
U.S. Domestic Package $ 60,376  $ 60,205  $ 64,611 
Domestic $ 3,186  $ 3,144  $ 3,346 
Export 14,142  14,003  15,341 
Cargo & Other 632  684  1,011 
International Package $ 17,960  $ 17,831  $ 19,698 
Forwarding $ 4,728  $ 5,534  $ 8,943 
Logistics 6,437  5,927  5,351 
Other 1,569  1,461  1,735 
Supply Chain Solutions $ 12,734  $ 12,922  $ 16,029 
Consolidated revenue $ 91,070  $ 90,958  $ 100,338 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of December 31, 2024 and 2023 were as follows (in millions):
Balance Sheet Location 2024 2023
Contract Assets:
Revenue related to in-transit packages Other current assets $ 307  $ 237 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 13  $ 20 
Long-term advance payments from customers Other non-current liabilities $ 27  $ 25