Annual report pursuant to Section 13 and 15(d)

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

v3.25.0.1
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
Segments, Geographical Areas [Abstract]  
Segment Information
Segment information for the years ended December 31, 2024, 2023 and 2022 is as follows (in millions):
Year ended December 31, 2024 U.S. Domestic International Total
Revenue $ 60,376  $ 17,960  $ 78,336 
Reconciliation of revenue:
Other revenues(2)
12,734 
Total consolidated $ 91,070 
Less:
Compensation and benefits 3,783 
Compensation 20,839 
Benefits 16,862 
Purchased transportation 2,466  3,447 
Other segment items(1)
15,864  7,539 
Segment Operating profit/(loss) $ 4,345  $ 3,191  $ 7,536 
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)(2)
$ 932 
Other pension income (expense) (396)
Investment income (expense) and other 236 
Interest expense (866)
Income Before Income Taxes $ 7,442 
Other Segment Disclosures:
Segment assets $ 38,657  $ 18,300  $ 56,957 
Other assets(2)
9,850 
Unallocated assets 3,263 
Consolidated Assets $ 70,070 
Depreciation and amortization(3)
$ 2,470  $ 777  $ 3,247 
Other depreciation and amortization(2)
362 
Consolidated Depreciation and Amortization $ 3,609 
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses.
(2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses.
(3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Year ended December 31, 2023
U.S. Domestic
International
Total
Revenue
 $ 60,205  $ 17,831  $ 78,036 
Reconciliation of revenue:
Other revenues(2)
12,922 
Total consolidated
 $ 90,958 
Less:
Compensation and benefits
 3,794 
Compensation 19,818 
Benefits 16,859 
Purchased transportation 2,555  3,391 
Other segment items(1)
15,817  7,415 
Segment Operating profit/(loss)
 $ 5,156  $ 3,231  $ 8,387 
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)(2)
$ 754 
Other pension income (expense)
 (95)
Investment income (expense) and other
 314 
Interest expense
 (787)
Income Before Income Taxes
 $ 8,573 
Other Segment Disclosures:
Segment assets
 $ 38,368  $ 17,587  $ 55,955 
Other assets(2)
11,245 
Unallocated assets
 3,657 
Consolidated Assets
 $ 70,857 
Depreciation and amortization(3)
$ 2,290  $ 742  $ 3,032 
Other depreciation and amortization(2)
334 
Consolidated Depreciation and Amortization
 $ 3,366 
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses.
(2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses.
(3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Year ended December 31, 2022
U.S. Domestic
International
Total
Revenue
 $ 64,611  $ 19,698  $ 84,309 
Reconciliation of revenue:
Other revenues(2)
16,029 
Total consolidated
 $ 100,338 
Less:
Compensation and benefits
 3,890 
Compensation 20,488 
Benefits 16,603 
Purchased transportation 3,333  3,773 
Other segment items(1)
17,036  7,709 
Segment Operating profit/(loss)
 $ 7,151  $ 4,326  $ 11,477 
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)(2)
$ 1,617 
Other pension income (expense)
 2,251 
Investment income (expense) and other
 184 
Interest expense
 (704)
Income Before Income Taxes
 $ 14,825 
Other Segment Disclosures:
Segment assets
 $ 38,303  $ 17,670  $ 55,973 
Other assets(2)
10,407 
Unallocated assets
 4,744 
Consolidated Assets
 $ 71,124 
Depreciation and amortization(3)
$ 2,173  $ 761  $ 2,934 
Other depreciation and amortization(2)
254 
Consolidated Depreciation and Amortization
 $ 3,188 
(1) Other segment items for each reportable segment include repairs and maintenance, depreciation and amortization, fuel, other occupancy, allocated costs for our air network, information service, and general and administrative service expenses.
(2) Revenue, Operating profit/(loss), Assets, and Depreciation and Amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions. These operating segments include our Forwarding, Logistics, Digital, and Other businesses.
(3) The amounts of depreciation and amortization disclosed by reportable segment are included within the other segment items captions. These totals are presented after applying activity based costing methods to allocate expenses between segments as noted above.
Schedule of Revenue and Long-Lived Assets by Geographical Areas
Geographic information for the years ended December 31, 2024, 2023 and 2022 is as follows (in millions):
2024 2023 2022
United States:
Revenue $ 70,389  $ 71,749  $ 78,110 
Long-lived assets $ 33,173  $ 33,301  $ 32,002 
International:
Revenue $ 20,681  $ 19,209  $ 22,228 
Long-lived assets $ 13,304  $ 13,687  $ 12,991 
Consolidated:
Revenue $ 91,070  $ 90,958  $ 100,338 
Long-lived assets $ 46,477  $ 46,988  $ 44,993