2022 Q4 Form 10-K Financial Statement

#000109072723000006 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $27.03B $100.3B
YoY Change -2.66% 3.14%
Cost Of Revenue $6.066B $23.67B
YoY Change -12.16% 3.34%
Gross Profit $20.97B $76.67B
YoY Change 0.49% 3.07%
Gross Profit Margin 77.56% 76.41%
Selling, General & Admin $14.39B $52.11B
YoY Change 4.25% 2.49%
% of Gross Profit 68.62% 67.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $888.0M $3.188B
YoY Change 17.77% 7.96%
% of Gross Profit 4.24% 4.16%
Operating Expenses $17.77B $63.57B
YoY Change 4.7% 3.25%
Operating Profit $3.195B $13.09B
YoY Change -17.89% 2.22%
Interest Expense -$182.0M -$704.0M
YoY Change 5.2% -201.44%
% of Operating Profit -5.7% -5.38%
Other Income/Expense, Net $1.454B $2.435B
YoY Change 495.9% -35.67%
Pretax Income $4.467B $14.83B
YoY Change 12.75% -10.67%
Income Tax $1.014B $3.277B
% Of Pretax Income 22.7% 22.1%
Net Earnings $3.453B $11.55B
YoY Change 11.64% -10.41%
Net Earnings / Revenue 12.77% 11.51%
Basic Earnings Per Share $13.26
Diluted Earnings Per Share $3.964M $13.20M
COMMON SHARES
Basic Shares Outstanding 871.0M shares
Diluted Shares Outstanding 875.0M shares

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.595B $7.595B
YoY Change -28.29% -28.3%
Cash & Equivalents $5.602B $5.602B
Short-Term Investments $1.993B $1.993B
Other Short-Term Assets $2.039B $2.039B
YoY Change 13.28% 13.28%
Inventory $889.0M
Prepaid Expenses
Receivables $12.58B $12.58B
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.22B $22.22B
YoY Change -10.9% -10.9%
LONG-TERM ASSETS
Property, Plant & Equipment $38.47B $38.47B
YoY Change 14.93% 3.88%
Goodwill $4.223B
YoY Change 14.38%
Intangibles $2.796B
YoY Change 12.47%
Long-Term Investments $20.00M $20.00M
YoY Change -23.08% -23.08%
Other Assets $3.394B $3.394B
YoY Change 222.01% 175.93%
Total Long-Term Assets $48.91B $48.91B
YoY Change 9.98% 9.98%
TOTAL ASSETS
Total Short-Term Assets $22.22B $22.22B
Total Long-Term Assets $48.91B $48.91B
Total Assets $71.12B $71.12B
YoY Change 2.48% 2.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.512B $7.512B
YoY Change -0.15% -0.15%
Accrued Expenses $5.746B $5.746B
YoY Change 5.68% 5.68%
Deferred Revenue $11.00M
YoY Change -59.26%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.341B $2.341B
YoY Change 9.85% 9.85%
Total Short-Term Liabilities $18.14B $18.14B
YoY Change 3.25% 3.25%
LONG-TERM LIABILITIES
Long-Term Debt $17.32B $17.32B
YoY Change -12.45% -12.45%
Other Long-Term Liabilities $11.56B $11.56B
YoY Change 223.03% -21.15%
Total Long-Term Liabilities $28.88B $28.88B
YoY Change 23.62% -16.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.14B $18.14B
Total Long-Term Liabilities $28.88B $28.88B
Total Liabilities $51.34B $51.34B
YoY Change 25.43% -6.92%
SHAREHOLDERS EQUITY
Retained Earnings $21.33B
YoY Change 31.81%
Common Stock $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.00M
YoY Change -18.75%
Treasury Stock Shares 200.0K shares
Shareholders Equity $19.79B $19.79B
YoY Change
Total Liabilities & Shareholders Equity $71.12B $71.12B
YoY Change 2.48% 2.48%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $3.453B $11.55B
YoY Change 11.64% -10.41%
Depreciation, Depletion And Amortization $888.0M $3.188B
YoY Change 17.77% 7.96%
Cash From Operating Activities $3.332B $14.10B
YoY Change 2.65% -6.02%
INVESTING ACTIVITIES
Capital Expenditures -$2.491B -$4.769B
YoY Change 53.39% -213.71%
Acquisitions $755.0M
YoY Change 25.42%
Other Investing Activities -$2.573B -$2.703B
YoY Change 333.16% 14916.67%
Cash From Investing Activities -$5.064B -$7.472B
YoY Change 128.31% 95.7%
FINANCING ACTIVITIES
Cash Dividend Paid $5.114B
YoY Change 48.79%
Common Stock Issuance & Retirement, Net -$1.242B -$3.238B
YoY Change -1400.4%
Debt Paid & Issued, Net $2.304B
YoY Change -16.91%
Cash From Financing Activities -3.710B -11.19B
YoY Change 283.66% 63.93%
NET CHANGE
Cash From Operating Activities 3.332B 14.10B
Cash From Investing Activities -5.064B -7.472B
Cash From Financing Activities -3.710B -11.19B
Net Change In Cash -5.442B -4.553B
YoY Change -9021.31% -204.79%
FREE CASH FLOW
Cash From Operating Activities $3.332B $14.10B
Capital Expenditures -$2.491B -$4.769B
Free Cash Flow $5.823B $18.87B
YoY Change 19.57% 74.54%

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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our consolidated financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses and the disclosure of contingencies. Estimates have been prepared on the basis of the most current and best information, and actual results could differ materially from those estimates. In particular, a number of estimates have been and will continue to be affected by the ongoing COVID-19 pandemic. The pandemic and its economic consequences remain uncertain, are changing and are difficult to predict. As a result, our accounting estimates and assumptions may change over time.</span></div>
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 ups Property Plant And Equipment Purchased On Account
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DefinedBenefitPlanImmediateRecognitionOfPriorServiceCostCreditAfterTax
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DefinedBenefitPlanImmediateRecognitionOfGainLossOnPlanAmendment
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CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 ups Defined Benefit Plan Plan Assets Number Of Shares
DefinedBenefitPlanPlanAssetsNumberOfShares
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CY2021Q4 ups Defined Benefit Plan Plan Assets Number Of Shares
DefinedBenefitPlanPlanAssetsNumberOfShares
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330000 employee
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NumberOfEmployeesUnderACollectiveBargainingAgreementWithTheTeamsters
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NumberofpilotsunderacollectivebargainingagreementwiththeIndependentPilotsAssociation
3500 employee
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GroundMechanicsEmployedUnderIAMAgreements
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EmployeesNotEmployedUnderAgreementWithTeamsters
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CY2021Q4 us-gaap Finance Lease Liability
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CY2022Q4 ups Surety Bonds
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CY2022Q4 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
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CY2022Q4 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
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CY2022Q4 ups Lessee Finance Lease And Operating Lease Lease Not Yet Commenced Amount
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CY2022Q4 ups Classesof Common Stock Number
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CY2022 us-gaap Number Of Reportable Segments
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CY2022 us-gaap Operating Income Loss
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CY2020 us-gaap Operating Income Loss
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CY2022Q4 us-gaap Assets
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CY2021Q4 us-gaap Assets
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CY2020Q4 us-gaap Assets
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CY2022 us-gaap Depreciation And Amortization
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CY2021 us-gaap Depreciation And Amortization
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CY2020 us-gaap Depreciation And Amortization
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 ups Entity Wide Disclosure On Geographic Areas Long Lived Assets Total
EntityWideDisclosureOnGeographicAreasLongLivedAssetsTotal
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CY2021Q4 ups Entity Wide Disclosure On Geographic Areas Long Lived Assets Total
EntityWideDisclosureOnGeographicAreasLongLivedAssetsTotal
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CY2020Q4 ups Entity Wide Disclosure On Geographic Areas Long Lived Assets Total
EntityWideDisclosureOnGeographicAreasLongLivedAssetsTotal
38567000000 usd
CY2020 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
No
CY2022 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
No
CY2021 us-gaap Entity Wide Disclosure On Geographic Areas Description Of Revenue From External Customers
EntityWideDisclosureOnGeographicAreasDescriptionOfRevenueFromExternalCustomers
No
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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12276000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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14220000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2549000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2375000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1883000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14825000000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16595000000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1844000000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.020
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.026
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.016
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.004
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.036
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.051
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.036
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.009
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.011
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.021
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.223
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2022 ups Defined Benefit Plan Markto Market Gain Loss Tax Effect
DefinedBenefitPlanMarktoMarketGainLossTaxEffect
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CY2022 ups Defined Benefit Plan Markto Market Gain Loss
DefinedBenefitPlanMarktoMarketGainLoss
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CY2022 us-gaap Restructuring Costs
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178000000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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36000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 ups Effective Income Tax Rate Reconciliation Tax Expense Benefit Share Based Payment Arrangement Amount Taxed At Higher Rate
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitShareBasedPaymentArrangementAmountTaxedAtHigherRate
121000000 usd
CY2022 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
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CY2022 ups Effective Income Tax Rate Reconciliation Nondeductible Expense Tangible Asset Residual Value Reduction
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18000000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2021 ups Defined Benefit Plan Markto Market Gain Loss Tax Effect
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CY2021 ups Defined Benefit Plan Markto Market Gain Loss
DefinedBenefitPlanMarktoMarketGainLoss
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CY2021 us-gaap Restructuring Costs
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380000000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-105000000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.006
CY2020 ups Defined Benefit Plan Markto Market Gain Loss Tax Effect
DefinedBenefitPlanMarktoMarketGainLossTaxEffect
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CY2020 ups Defined Benefit Plan Markto Market Gain Loss
DefinedBenefitPlanMarktoMarketGainLoss
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CY2020 us-gaap Restructuring Costs
RestructuringCosts
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
83000000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
28000000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.015
CY2022 ups Income Tax Holiday Income Tax Benefits
IncomeTaxHolidayIncomeTaxBenefits
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CY2021 ups Income Tax Holiday Income Tax Benefits
IncomeTaxHolidayIncomeTaxBenefits
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CY2020 ups Income Tax Holiday Income Tax Benefits
IncomeTaxHolidayIncomeTaxBenefits
35000000 usd
CY2022 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.05
CY2021 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.07
CY2020 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.04
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5819000000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5808000000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
893000000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
839000000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2022Q4 ups Deferred Tax Liabilities Gross
DeferredTaxLiabilitiesGross
7420000000 usd
CY2021Q4 ups Deferred Tax Liabilities Gross
DeferredTaxLiabilitiesGross
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CY2022Q4 ups Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pension And Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionAndPostretirementBenefits
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CY2021Q4 ups Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pension And Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionAndPostretirementBenefits
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CY2022Q4 ups Deferred Tax Assets Operating Loss And Tax Credit Carry Forwards Foreign
DeferredTaxAssetsOperatingLossAndTaxCreditCarryForwardsForeign
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CY2021Q4 ups Deferred Tax Assets Operating Loss And Tax Credit Carry Forwards Foreign
DeferredTaxAssetsOperatingLossAndTaxCreditCarryForwardsForeign
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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315000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
219000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2022Q4 ups Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
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CY2021Q4 ups Deferred Tax Asset Operating Lease Liability
DeferredTaxAssetOperatingLeaseLiability
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CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
331000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4413000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
123000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3257000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2949000000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
139000000 usd
CY2021Q4 us-gaap Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
176000000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
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CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4163000000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2949000000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
34000000 usd
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
34000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
653000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
924000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
46000000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
90000000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
487000000 usd
CY2022Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
5600000000 usd
CY2022Q4 ups Indefinitely Reinvested Undistributed Earningsof Foreign Subsidiaries
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578000000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
533000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
479000000 usd
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
332000000 usd
CY2022Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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175000000 usd
CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
862000000 shares
CY2022 ups Deferred Compensation Obligations
DeferredCompensationObligations
0 shares
CY2021 ups Deferred Compensation Obligations
DeferredCompensationObligations
0 shares
CY2020 ups Deferred Compensation Obligations
DeferredCompensationObligations
0 shares
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3000000 shares
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5000000 shares
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5000000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
871000000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
874000000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
867000000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
875000000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
878000000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
871000000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.26
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
14.75
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
13.20
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.68
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
534000000 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
260000000 usd
CY2022Q4 us-gaap Collateral Securities Repledged Delivered Or Used
CollateralSecuritiesRepledgedDeliveredOrUsed
0 usd
CY2021Q4 us-gaap Collateral Securities Repledged Delivered Or Used
CollateralSecuritiesRepledgedDeliveredOrUsed
0 usd
CY2022Q4 ups Commodity Asset
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0 usd
CY2021Q4 ups Commodity Asset
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0 usd
CY2022 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
165000000 usd
CY2022 ups Maximum Term Over Hedging Exposures To Variability Of Cash Flow
MaximumTermOverHedgingExposuresToVariabilityOfCashFlow
P9Y
CY2021 ups Transformation Strategy Cost
TransformationStrategyCost
285000000 usd
CY2020 ups Transformation Strategy Cost
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265000000 usd
CY2022 us-gaap Severance Costs1
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46000000 usd
CY2021 us-gaap Severance Costs1
SeveranceCosts1
206000000 usd
CY2020 us-gaap Severance Costs1
SeveranceCosts1
211000000 usd
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
132000000 usd
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
174000000 usd
CY2020 us-gaap Other Restructuring Costs
OtherRestructuringCosts
137000000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
178000000 usd
CY2021 us-gaap Restructuring Costs
RestructuringCosts
380000000 usd
CY2020 us-gaap Restructuring Costs
RestructuringCosts
348000000 usd
CY2022 ups Income Tax Expense Benefit From Transformation Strategy
IncomeTaxExpenseBenefitFromTransformationStrategy
-36000000 usd
CY2021 ups Income Tax Expense Benefit From Transformation Strategy
IncomeTaxExpenseBenefitFromTransformationStrategy
-95000000 usd
CY2020 ups Income Tax Expense Benefit From Transformation Strategy
IncomeTaxExpenseBenefitFromTransformationStrategy
-83000000 usd
CY2022 ups Transformation Strategy Cost
TransformationStrategyCost
142000000 usd

Files In Submission

Name View Source Status
0001090727-23-000006-index-headers.html Edgar Link pending
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ups-20221231_cal.xml Edgar Link unprocessable
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ups-20221231_htm.xml Edgar Link completed