REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Disaggregation of Revenue

	Three Months Ended  March 31,
	2023		2022
Revenue:
Next Day Air	$	2,461	$	2,594
Deferred	1,194		1,420
Ground	11,332		11,110
U.S. Domestic Package	14,987		15,124
Domestic	794		851
Export	3,552		3,778
Cargo & Other	197		247
International Package	4,543		4,876
Forwarding	1,514		2,589
Logistics	1,410		1,251
Other	471		538
Supply Chain Solutions	3,395		4,378
Consolidated revenue	$	22,925	$	24,378

Schedule of Contract Assets and Liabilities

Contract assets and liabilities as of March 31, 2023 and December 31, 2022 were as follows (in millions):

	Balance Sheet Location	March 31, 2023		December 31, 2022
Contract Assets:
Revenue related to in-transit packages	Other current assets	$	267	$	308
Contract Liabilities:
Short-term advance payments from customers	Other current liabilities	$	10	$	11
Long-term advance payments from customers	Other non-current liabilities	$	25	$	26