United Parcel Service, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Property, plant and equipment as of June 30, 2012 and December 31, 2011 consist of the following (in millions):



	2012			2011
Vehicles	$	5,898		$	5,981
Aircraft	15,050			14,616
Land	1,101			1,114
Buildings	3,092			3,095
Building and leasehold improvements	2,987			2,943
Plant equipment	6,861			6,803
Technology equipment	1,659			1,593
Equipment under operating leases	78			93
Construction-in-progress	376			303
	37,102			36,541
Less: Accumulated depreciation and amortization	(19,505		)	(18,920		)
	$	17,597		$	17,621

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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