Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Results of Operations
As we operate an integrated, global multimodal network, we evaluate many of our capital expenditure decisions at a network level. Accordingly, expenditures on property, plant and equipment by segment are not presented.
Three Months Ended March 31, 2025 U.S. Domestic International Total
Revenue $ 14,460  $ 4,373  $ 18,833 
Reconciliation of revenue:
Other revenues(2)
2,713 
Total consolidated $ 21,546 
Less:
Compensation and benefits 957 
Compensation 5,098 
Benefits 4,169 
Purchased transportation 162  905 
Other segment items(1)
4,052  1,870 
Segment Operating profit/(loss) $ 979  $ 641  $ 1,620 
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)(2)
$ 46 
Other pension income (expense) 37 
Investment income and other
 42 
Interest expense (222)
Income Before Income Taxes $ 1,523 
Other Segment Disclosures:
Segment assets $ 37,452  $ 17,592  $ 55,044 
Other assets(2)
10,785 
Unallocated assets 2,637 
Consolidated Assets $ 68,466 
Depreciation and amortization(3)
$ 623  $ 202  $ 825 
Other depreciation and amortization(2)
87 
Consolidated Depreciation and Amortization $ 912 
(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, 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.
Three Months Ended March 31, 2024 U.S. Domestic International Total
Revenue $ 14,266  $ 4,256  $ 18,522 
Reconciliation of revenue:
Other revenues(2)
3,184 
Total consolidated $ 21,706 
Less:
Compensation and benefits 944 
Compensation 4,872 
Benefits 4,180 
Purchased transportation 556  798 
Other segment items(1)
3,825  1,858 
Segment Operating profit/(loss) $ 833  $ 656  $ 1,489 
Reconciliation of segment operating profit to income before income taxes:
Other profit/(loss)(2)
$ 124 
Other pension income (expense) 67 
Investment income and other
 51 
Interest expense (195)
Income Before Income Taxes $ 1,536 
Other Segment Disclosures:
Segment assets $ 36,988  $ 17,859  $ 54,847 
Other assets(2)
10,929 
Unallocated assets 1,852 
Consolidated Assets $ 67,628 
Depreciation and amortization(3)
$ 603  $ 196  $ 799 
Other depreciation and amortization(2)
99 
Consolidated Depreciation and Amortization $ 898 

(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, 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.