Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

v3.25.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 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.
Results of operations for the three and nine months ended September 30, 2025 and 2024 were as follows (in millions):

Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2025 2024 2025 2024
U.S. Domestic Package:
Revenue $ 14,220  $ 14,597  $ 42,763  $ 43,064 
Less:
Compensation 5,000  5,057  15,001  14,725 
Benefits 4,462  4,261  12,811  12,612 
Other segment items(1)
4,155  4,436  12,453  13,063 
U.S. Domestic Operating profit/(loss) $ 603  $ 843  $ 2,498  $ 2,664 
International Package:
Revenue $ 4,673  $ 4,411  $ 13,531  $ 13,037 
Less:
Compensation and benefits 1,017  926  2,969  2,790 
Purchased transportation 1,018  866  2,867  2,475 
Other segment items(1)
1,962  1,821  5,706  5,600 
International Operating profit/(loss) $ 676  $ 798  $ 1,989  $ 2,172 
Reconciliation of revenue:
Total U.S. Domestic Package and International Package Revenue $ 18,893  $ 19,008  $ 56,294  $ 56,101 
Other revenues(2)
2,522  3,237  7,888  9,668 
Total Consolidated Revenue $ 21,415  $ 22,245  $ 64,182  $ 65,769 
Reconciliation of segment operating profit to income before income taxes:
Total U.S. Domestic Package and International Package Operating profit/(loss) $ 1,279  $ 1,641  $ 4,487  $ 4,836 
Other profit/(loss)(2)
525  344  805  706 
Investment income and other 94  155  251  410 
Interest expense (291) (230) (751) (637)
Total Consolidated Income Before Income Taxes $ 1,607  $ 1,910  $ 4,792  $ 5,315 
(1)    Other segment items include purchased transportation (applicable only to our U.S Domestic segment), repairs and maintenance, depreciation and amortization, fuel, other occupancy, and allocated costs for our air network, information services, and general and administrative service expenses.
(2)    Revenue and Operating profit/(loss) from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions.
The amounts of depreciation and amortization by reportable segment disclosed for the three and nine months ended September 30, 2025 and 2024 are included within the other segment items captions in the table above. These totals are presented after applying activity-based costing methods to allocate expenses between segments as noted above.
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2025 2024 2025 2024
Depreciation and amortization
U.S. Domestic Package $ 619  $ 629  $ 1,878  $ 1,825 
International Package 215  189  626  584 
Other depreciation and amortization(1)
92  87  270  281 
Consolidated Depreciation and Amortization $ 926  $ 905  $ 2,774  $ 2,690 
(1)    Depreciation and amortization from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions.
Assets by reportable segment as of September 30, 2025 and December 31, 2024 consisted of the following (in millions):
2025 2024
Segment Assets
U.S. Domestic Package $ 37,625  $ 38,657 
International Package 20,008  18,300 
Other assets(1)
11,004  9,850 
Unallocated assets(2)
2,755  3,263 
Consolidated Assets $ 71,392  $ 70,070 
(1)    Assets from segments below the quantitative thresholds are attributable to operating segments which provide supply chain solutions.
(2)    Unallocated assets are comprised primarily of cash held by our centralized investment entity.