REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Disaggregation of Revenue

	Three Months Ended  March 31,
	2024		2023
Revenue:
Next Day Air	$	2,316	$	2,461
Deferred	1,156		1,194
Ground	10,762		11,332
U.S. Domestic Package	14,234		14,987
Domestic	758		794
Export	3,350		3,552
Cargo & Other	148		197
International Package	4,256		4,543
Forwarding	1,280		1,514
Logistics	1,542		1,410
Other	394		471
Supply Chain Solutions	3,216		3,395
Consolidated revenue	$	21,706	$	22,925

Schedule of Contract Assets and Liabilities

Contract assets and liabilities as of March 31, 2024 and December 31, 2023 were as follows (in millions):

	Balance Sheet Location	March 31, 2024		December 31, 2023
Contract Assets:
Revenue related to in-transit packages	Other current assets	$	269	$	237
Contract Liabilities:
Short-term advance payments from customers	Other current liabilities	$	13	$	20
Long-term advance payments from customers	Other non-current liabilities	$	26	$	25