2022 Q2 Form 10-Q Financial Statement

#000109072722000034 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $24.77B $27.77B $23.42B
YoY Change 5.73% 11.55% 14.49%
Cost Of Revenue $6.082B $6.906B $5.361B
YoY Change 13.45% 20.08% 27.19%
Gross Profit $18.68B $20.87B $18.06B
YoY Change 3.44% 8.98% 11.2%
Gross Profit Margin 75.44% 75.13% 77.11%
Selling, General & Admin $12.42B $13.80B $12.33B
YoY Change 0.75% 1.33% 4.9%
% of Gross Profit 66.48% 66.14% 68.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $762.0M $754.0M $739.0M
YoY Change 3.11% 5.9% 11.8%
% of Gross Profit 4.08% 3.61% 4.09%
Operating Expenses $15.15B $16.97B $14.81B
YoY Change 2.32% -0.78% 5.51%
Operating Profit $3.535B $3.891B $3.258B
YoY Change 8.5% 91.02% 47.29%
Interest Expense $171.0M -$173.0M $167.0M
YoY Change 2.4% -1.14% -8.74%
% of Operating Profit 4.84% -4.45% 5.13%
Other Income/Expense, Net $162.0M $244.0M $178.0M
YoY Change -8.99% -103.86% 22.76%
Pretax Income $3.697B $3.962B $3.436B
YoY Change 7.6% -192.4% 45.78%
Income Tax $848.0M $869.0M $760.0M
% Of Pretax Income 22.94% 21.93% 22.12%
Net Earnings $2.849B $3.093B $2.676B
YoY Change 6.46% -192.41% 51.36%
Net Earnings / Revenue 11.5% 11.14% 11.42%
Basic Earnings Per Share $3.26 $3.06
Diluted Earnings Per Share $3.25 $3.523M $3.05
COMMON SHARES
Basic Shares Outstanding 874.0M shares 875.0M shares
Diluted Shares Outstanding 876.0M shares 878.0M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.07B $10.59B $9.954B
YoY Change 21.25% 67.74% 8.01%
Cash & Equivalents $11.74B $10.26B $9.608B
Short-Term Investments $334.0M $336.0M $346.0M
Other Short-Term Assets $2.104B $1.800B $1.897B
YoY Change 10.91% -7.83% 6.57%
Inventory $717.0M
Prepaid Expenses
Receivables $11.40B $12.54B $10.14B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $25.57B $24.93B $21.99B
YoY Change 16.3% 23.34% 8.71%
LONG-TERM ASSETS
Property, Plant & Equipment $33.49B $33.48B $32.63B
YoY Change 2.62% 3.79% 3.79%
Goodwill $3.675B $3.692B $3.357B
YoY Change 9.47% 9.65% -11.35%
Intangibles $2.476B $2.486B $2.238B
YoY Change 10.63% 9.32% 1.4%
Long-Term Investments $21.00M $26.00M $25.00M
YoY Change -16.0% 4.0% 4.17%
Other Assets $1.265B $1.054B $875.0M
YoY Change 44.57% 56.85% -20.38%
Total Long-Term Assets $44.52B $44.47B $42.88B
YoY Change 3.82% 5.4% 2.51%
TOTAL ASSETS
Total Short-Term Assets $25.57B $24.93B $21.99B
Total Long-Term Assets $44.52B $44.47B $42.88B
Total Assets $70.09B $69.41B $64.87B
YoY Change 8.05% 11.21% 4.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.168B $7.523B $6.563B
YoY Change 9.22% 16.55% 24.51%
Accrued Expenses $4.883B $5.437B $5.177B
YoY Change -5.68% 7.54% 21.81%
Deferred Revenue $10.00M $27.00M $9.000M
YoY Change 11.11% 28.57% 28.57%
Short-Term Debt $0.00 $0.00 $498.0M
YoY Change -100.0% -100.0% -86.72%
Long-Term Debt Due $2.579B $2.131B $1.564B
YoY Change 64.9% -18.76% -58.28%
Total Short-Term Liabilities $17.34B $17.57B $15.77B
YoY Change 9.94% 3.25% -3.08%
LONG-TERM LIABILITIES
Long-Term Debt $18.00B $19.78B $21.03B
YoY Change -14.41% -10.2% -9.36%
Other Long-Term Liabilities $3.563B $3.578B $3.953B
YoY Change -9.87% -6.99% 20.67%
Total Long-Term Liabilities $21.56B $23.36B $24.98B
YoY Change -13.69% -9.72% -5.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.34B $17.57B $15.77B
Total Long-Term Liabilities $21.56B $23.36B $24.98B
Total Liabilities $38.90B $40.93B $40.75B
YoY Change -4.55% -4.58% -4.67%
SHAREHOLDERS EQUITY
Retained Earnings $18.96B $16.18B $12.53B
YoY Change 51.29% 134.61% 24.91%
Common Stock $573.0M $1.343B $1.329B
YoY Change -56.88% 55.26% 421.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.00M $16.00M $16.00M
YoY Change -25.0% -20.0% -20.0%
Treasury Stock Shares 200.0K shares 300.0K shares 300.0K shares
Shareholders Equity $16.29B $14.25B $10.81B
YoY Change
Total Liabilities & Shareholders Equity $70.09B $69.41B $64.87B
YoY Change 8.05% 11.21% 4.53%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income $2.849B $3.093B $2.676B
YoY Change 6.46% -192.41% 51.36%
Depreciation, Depletion And Amortization $762.0M $754.0M $739.0M
YoY Change 3.11% 5.9% 11.8%
Cash From Operating Activities $3.813B $3.246B $3.923B
YoY Change -2.8% 176.02% 15.48%
INVESTING ACTIVITIES
Capital Expenditures -$840.0M -$1.624B -$836.0M
YoY Change 0.48% -25.95% -26.15%
Acquisitions
YoY Change
Other Investing Activities -$87.00M -$594.0M $868.0M
YoY Change -110.02% -3812.5% 605.69%
Cash From Investing Activities -$927.0M -$2.218B $32.00M
YoY Change -2996.88% 1.88% -103.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.316B -967.0M -2.093B
YoY Change 58.43% -50.69% -18.43%
NET CHANGE
Cash From Operating Activities 3.813B 3.246B 3.923B
Cash From Investing Activities -927.0M -2.218B 32.00M
Cash From Financing Activities -3.316B -967.0M -2.093B
Net Change In Cash -430.0M 61.00M 1.862B
YoY Change -123.09% -102.06% -1146.07%
FREE CASH FLOW
Cash From Operating Activities $3.813B $3.246B $3.923B
Capital Expenditures -$840.0M -$1.624B -$836.0M
Free Cash Flow $4.653B $4.870B $4.759B
YoY Change -2.23% 44.55% 5.08%

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3763000000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2486000000 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1000000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
7000000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
372000000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
372000000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
408000000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20748000000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
20576000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
21915000000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2579000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2131000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
17997000000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19784000000 usd
CY2022Q2 ups Number Of Credit Agreements
NumberOfCreditAgreements
2 credit_agreements
CY2022Q2 ups Covenants Limit Amount Of Secured Indebtedness That We May Incur And Limit Amount Of Attributable Debt In Sale Leaseback Transactions To Percentage Of Net Tangible Assets
CovenantsLimitAmountOfSecuredIndebtednessThatWeMayIncurAndLimitAmountOfAttributableDebtInSaleLeasebackTransactionsToPercentageOfNetTangibleAssets
0.10
CY2022Q2 ups Covenants Limit Amount Of Secured Indebtedness That We May Incur And Limit Amount Of Attributable Debt In Sale Leaseback Transactions To Percentage Of Net Tangible Assets
CovenantsLimitAmountOfSecuredIndebtednessThatWeMayIncurAndLimitAmountOfAttributableDebtInSaleLeasebackTransactionsToPercentageOfNetTangibleAssets
0.10
CY2022Q2 ups Covenants Limit Amount Of Secured Indebtedness That We May Incur And Limit Amount Of Attributable Debt In Sale Leaseback Transactions Net Tangible Assets Amount
CovenantsLimitAmountOfSecuredIndebtednessThatWeMayIncurAndLimitAmountOfAttributableDebtInSaleLeasebackTransactionsNetTangibleAssetsAmount
4700000000 usd
CY2022Q2 us-gaap Secured Debt
SecuredDebt
0 usd
CY2022Q2 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
0 usd
CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
20400000000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
25100000000 usd
CY2022Q2 ups Numberof Leased Aircrafts
NumberofLeasedAircrafts
311 aircraft
CY2022Q2 ups Numberof Leased Aircrafts Finance Lease
NumberofLeasedAircraftsFinanceLease
19 aircraft
CY2022Q2 ups Numberof Leased Aircrafts Operating Lease
NumberofLeasedAircraftsOperatingLease
18 aircraft
CY2022Q2 ups Numberof Leased Aircrafts Shortterm
NumberofLeasedAircraftsShortterm
274 aircraft
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
184000000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
179000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
367000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
354000000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
28000000 usd
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
23000000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
56000000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
46000000 usd
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000000 usd
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7000000 usd
CY2022Q2 ups Finance Lease Cost
FinanceLeaseCost
31000000 usd
CY2021Q2 ups Finance Lease Cost
FinanceLeaseCost
26000000 usd
ups Finance Lease Cost
FinanceLeaseCost
63000000 usd
ups Finance Lease Cost
FinanceLeaseCost
53000000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
64000000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
62000000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
132000000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
127000000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
323000000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
251000000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
625000000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
530000000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
602000000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
518000000 usd
us-gaap Lease Cost
LeaseCost
1187000000 usd
us-gaap Lease Cost
LeaseCost
1064000000 usd
CY2022Q2 us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
0 usd
CY2022Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2021Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2021Q2 us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
0 usd
us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
0 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
0 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3436000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3562000000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
562000000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
580000000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2962000000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3033000000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3524000000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3613000000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1008000000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1225000000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
79000000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
129000000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
293000000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
279000000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
372000000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
408000000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y8M12D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0206
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0194
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0306
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0279
us-gaap Operating Lease Payments
OperatingLeasePayments
354000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
364000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2000000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
7000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
105000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
33000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
345000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
854000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
72000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
113000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
49000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
304000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
80000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
620000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
54000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
521000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
40000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
461000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
33000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
415000000 usd
CY2022Q2 ups Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
196000000 usd
CY2022Q2 ups Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1748000000 usd
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
452000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4069000000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
199000000 usd
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
80000000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
545000000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
372000000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3524000000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
79000000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
562000000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
293000000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2962000000 usd
CY2022Q2 ups Lessee Finance Lease And Operating Lease Lease Not Yet Commenced Amount
LesseeFinanceLeaseAndOperatingLeaseLeaseNotYetCommencedAmount
808000000 usd
CY2022Q2 ups Classesof Common Stock Number
ClassesofCommonStockNumber
2 classes_of_common_stock
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
2849000000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.52
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.02
CY2022Q1 us-gaap Minority Interest
MinorityInterest
18000000 usd
CY2021Q1 us-gaap Minority Interest
MinorityInterest
12000000 usd
CY2022Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
3000000 usd
CY2021Q2 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
5000000 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
21000000 usd
CY2021Q2 us-gaap Minority Interest
MinorityInterest
17000000 usd
CY2022Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
44000000 usd
CY2021Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
33000000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.04
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.04
CY2021Q4 us-gaap Minority Interest
MinorityInterest
16000000 usd
CY2020Q4 us-gaap Minority Interest
MinorityInterest
12000000 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
5000000 usd
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
5000000 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
21000000 usd
CY2021Q2 us-gaap Minority Interest
MinorityInterest
17000000 usd
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
166000000 usd
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
113000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3251000000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3064000000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3251000000 usd
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3064000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24766000000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23424000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49144000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46332000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3535000000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3258000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6786000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
6023000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
2849000000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
2676000000 usd
us-gaap Net Income Loss
NetIncomeLoss
5511000000 usd
us-gaap Net Income Loss
NetIncomeLoss
7468000000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
871000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
870000000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
871000000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
869000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5000000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3000000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
874000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
875000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
874000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
874000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
876000000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
878000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
878000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
878000000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.26
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.54
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.25
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.51
CY2022Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
546000000 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
260000000 usd
CY2021Q4 us-gaap Collateral Securities Repledged Delivered Or Used
CollateralSecuritiesRepledgedDeliveredOrUsed
0 usd
CY2022Q2 us-gaap Collateral Securities Repledged Delivered Or Used
CollateralSecuritiesRepledgedDeliveredOrUsed
0 usd
CY2021Q4 ups Commodity Asset
CommodityAsset
0 usd
CY2022Q2 ups Commodity Asset
CommodityAsset
0 usd
CY2022Q2 ups Derivative Instrument Recognition Period
DerivativeInstrumentRecognitionPeriod
P8Y
ups Maximum Term Over Hedging Exposures To Variability Of Cash Flow
MaximumTermOverHedgingExposuresToVariabilityOfCashFlow
P10Y
us-gaap Restructuring Costs
RestructuringCosts
234000000 usd
CY2022Q2 ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-10000000 usd
CY2021Q2 ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-28000000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.229
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.225
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.003
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.012
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.008
ups Defined Benefit Plan Markto Market Gain Loss Tax Effect
DefinedBenefitPlanMarktoMarketGainLossTaxEffect
788000000 usd
ups Defined Benefit Plan Markto Market Gain Loss
DefinedBenefitPlanMarktoMarketGainLoss
3300000000 usd
CY2022Q2 us-gaap Restructuring Costs
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41000000 usd
CY2021Q2 us-gaap Restructuring Costs
RestructuringCosts
116000000 usd
us-gaap Restructuring Costs
RestructuringCosts
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ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-22000000 usd
ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-56000000 usd
CY2022Q2 us-gaap Severance Costs1
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23000000 usd
CY2021Q2 us-gaap Severance Costs1
SeveranceCosts1
55000000 usd
us-gaap Severance Costs1
SeveranceCosts1
56000000 usd
us-gaap Severance Costs1
SeveranceCosts1
131000000 usd
CY2022Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
18000000 usd
CY2021Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
61000000 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
40000000 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
103000000 usd
CY2022Q2 us-gaap Restructuring Costs
RestructuringCosts
41000000 usd
CY2021Q2 us-gaap Restructuring Costs
RestructuringCosts
116000000 usd
us-gaap Restructuring Costs
RestructuringCosts
96000000 usd
us-gaap Restructuring Costs
RestructuringCosts
234000000 usd
CY2022Q2 ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-10000000 usd
CY2021Q2 ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-28000000 usd
ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-22000000 usd
ups Income Tax Expense Benefit From Restructuring Costs
IncomeTaxExpenseBenefitFromRestructuringCosts
-56000000 usd
CY2022Q2 ups Transformation Strategy Cost
TransformationStrategyCost
31000000 usd
CY2021Q2 ups Transformation Strategy Cost
TransformationStrategyCost
88000000 usd
ups Transformation Strategy Cost
TransformationStrategyCost
74000000 usd
ups Transformation Strategy Cost
TransformationStrategyCost
178000000 usd

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