Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION (Tables)

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REVENUE RECOGNITION (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Year Ended December 31,
2023 2022 2021
Revenue:
Next Day Air $ 9,894  $ 10,699  $ 10,009 
Deferred 5,093  5,968  5,846 
Ground 44,971  47,542  44,462 
U.S. Domestic Package $ 59,958  $ 64,209  $ 60,317 
Domestic $ 3,144  $ 3,346  $ 3,690 
Export 14,003  15,341  15,012 
Cargo & Other 684  1,011  839 
International Package $ 17,831  $ 19,698  $ 19,541 
Forwarding $ 5,534  $ 8,943  $ 9,872 
Logistics 5,927  5,351  4,767 
Freight —  —  1,064 
Other 1,708  2,137  1,726 
Supply Chain Solutions $ 13,169  $ 16,431  $ 17,429 
Consolidated revenue $ 90,958  $ 100,338  $ 97,287 
Schedule of Contract Assets and Liabilities
Contract assets and liabilities as of December 31, 2023 and 2022 were as follows (in millions):
Balance Sheet Location 2023 2022
Contract Assets:
Revenue related to in-transit packages Other current assets $ 237  $ 308 
Contract Liabilities:
Short-term advance payments from customers Other current liabilities $ 20  $ 11 
Long-term advance payments from customers Other non-current liabilities $ 25  $ 26