Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.23.3
REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Disaggregation of Revenue
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2023 2022 2023 2022
Revenue:
Next Day Air $ 2,372  $ 2,673  $ 7,240  $ 7,923 
Deferred 1,128  1,311  3,491  4,123 
Ground 10,160  11,390  32,312  33,911 
     U.S. Domestic Package 13,660  15,374  43,043  45,957 
Domestic 742  785  2,299  2,465 
Export 3,367  3,747  10,387  11,501 
Cargo & Other 158  267  539  782 
    International Package 4,267  4,799  13,225  14,748 
Forwarding 1,327  2,162  4,217  7,140 
Logistics 1,430  1,302  4,271  3,843 
Other 377  524  1,285  1,617 
    Supply Chain Solutions 3,134  3,988  9,773  12,600 
Consolidated revenue $ 21,061  $ 24,161  $ 66,041  $ 73,305 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of September 30, 2023 and December 31, 2022 were as follows (in millions):
Balance Sheet Location
September 30, 2023
 December 31, 2022
Contract Assets:
Revenue related to in-transit packages Other current assets $ 233  $ 308 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 13  $ 11 
Long-term advance payments from customers Other non-current liabilities $ 25  $ 26