Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.23.2
REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Disaggregation of Revenue
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2023 2022 2023 2022
Revenue:
Next Day Air $ 2,407  $ 2,656  $ 4,868  $ 5,250 
Deferred 1,169  1,392  2,363  2,812 
Ground 10,820  11,411  22,152  22,521 
     U.S. Domestic Package 14,396  15,459  29,383  30,583 
Domestic 763  829  1,557  1,680 
Export 3,468  3,976  7,020  7,754 
Cargo & Other 184  268  381  515 
    International Package 4,415  5,073  8,958  9,949 
Forwarding 1,376  2,389  2,890  4,978 
Logistics 1,431  1,290  2,841  2,541 
Other 437  555  908  1,093 
    Supply Chain Solutions 3,244  4,234  6,639  8,612 
Consolidated revenue $ 22,055  $ 24,766  $ 44,980  $ 49,144 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of June 30, 2023 and December 31, 2022 were as follows (in millions):
Balance Sheet Location
June 30, 2023
 December 31, 2022
Contract Assets:
Revenue related to in-transit packages Other current assets $ 252  $ 308 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 12  $ 11 
Long-term advance payments from customers Other non-current liabilities $ 25  $ 26