v3.19.3
SHAREOWNERS' EQUITY (Tables)
|
9 Months Ended |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Stockholders Equity [Table Text Block] |
| | | | | | | | | | | | | | | Three Months Ended September 30: | 2019 | | 2018 | | Shares | | Dollars | | Shares | | Dollars | Class A Common Stock | | | | | | | | Balance at beginning of period | 161 |
| | $ | 2 |
| | 168 |
| | $ | 2 |
| Common stock purchases | (1 | ) | | — |
| | (1 | ) | | — |
| Stock award plans | — |
| | — |
| | 1 |
| | — |
| Common stock issuances | 1 |
| | — |
| | 1 |
| | — |
| Conversions of class A to class B common stock | (4 | ) | | — |
| | (4 | ) | | — |
| Class A shares issued at end of period | 157 |
| | $ | 2 |
| | 165 |
| | $ | 2 |
| Class B Common Stock | | | | | | | | Balance at beginning of period | 698 |
| | $ | 7 |
| | 693 |
| | $ | 7 |
| Common stock purchases | (1 | ) | | — |
| | (2 | ) | | — |
| Conversions of class A to class B common stock | 4 |
| | — |
| | 4 |
| | — |
| Class B shares issued at end of period | 701 |
| | 7 |
| | 695 |
| | 7 |
| Additional Paid-In Capital | | | | | | | | Balance at beginning of period | | | $ | 102 |
| | | | $ | — |
| Stock award plans | | | 202 |
| | | | 137 |
| Common stock purchases | | | (251 | ) | | | | (249 | ) | Common stock issuances | | | 56 |
| | | | 80 |
| Option premiums received (paid) | | | 20 |
| | | | 32 |
| Balance at end of period | | | $ | 129 |
| | | | $ | — |
| Retained Earnings | | | | | | | | Balance at beginning of period | | | $ | 9,109 |
| | | | 7,665 |
| Net income attributable to common shareowners | | | 1,750 |
| | | | 1,508 |
| Dividends ($0.96 and $0.91 per share) (1) | | | (825 | ) | | | | (784 | ) | Common stock purchases | | | — |
| | | | 4 |
| Other | | | 3 |
| | | | (16 | ) | Balance at end of period | | | $ | 10,037 |
| | | | $ | 8,377 |
| Non-Controlling Minority Interest | | | | | | | | Balance at beginning of period | | | $ | 18 |
| | | | $ | 28 |
| Change in non-controlling minority interest | | | (2 | ) | | | | — |
| Balance at end of period | | | $ | 16 |
| | | | $ | 28 |
| (1) The dividend per share amount is the same for both class A and class B common stock |
| | | | | | | | | | | | | | | Nine Months Ended September 30: | 2019 | | 2018 | | Shares | | Dollars | | Shares | | Dollars | Class A Common Stock | | | | | | | | Balance at beginning of period | 163 |
| | $ | 2 |
| | 173 |
| | $ | 2 |
| Common stock purchases | (3 | ) | |
|
| | (3 | ) | | — |
| Stock award plans | 4 |
| | — |
| | 4 |
| | — |
| Common stock issuances | 2 |
| | — |
| | 3 |
| | — |
| Conversions of class A to class B common stock | (9 | ) | | — |
| | (12 | ) | | — |
| Class A shares issued at end of period | 157 |
| | $ | 2 |
| | 165 |
| | $ | 2 |
| Class B Common Stock | | | | | | | | Balance at beginning of period | 696 |
| | $ | 7 |
| | 687 |
| | $ | 7 |
| Common stock purchases | (4 | ) | | — |
| | (4 | ) | | — |
| Conversions of class A to class B common stock | 9 |
| | — |
| | 12 |
| | — |
| Class B shares issued at end of period | 701 |
| | 7 |
| | 695 |
| | 7 |
| Additional Paid-In Capital | | | | | | | | Balance at beginning of period | | | $ | — |
| | | | $ | — |
| Stock award plans | | | 584 |
| | | | 307 |
| Common stock purchases | | | (753 | ) | | | | (632 | ) | Common stock issuances | | | 277 |
| | | | 312 |
| Option premiums received (paid) | | | 21 |
| | | | 13 |
| Balance at end of period | | | $ | 129 |
| | | | $ | — |
| Retained Earnings | | | | | | | | Balance at beginning of period | | | $ | 8,006 |
| | | | $ | 5,852 |
| Net income attributable to common shareowners | | | 4,546 |
| | | | 4,338 |
| Dividends ($2.88 and $2.73 per share) (1) | | | (2,518 | ) | | | | (2,408 | ) | Common stock purchases | | | — |
| | | | (124 | ) | Reclassification from AOCI pursuant to the early adoption of ASU 2018-02 | | | — |
| | | | 735 |
| Other | | | 3 |
| | | | (16 | ) | Balance at end of period | | | $ | 10,037 |
| | | | $ | 8,377 |
| Non-Controlling Minority Interest | | | | | | | | Balance at beginning of period | | | $ | 16 |
| | | | $ | 30 |
| Change in non-controlling minority interest | | | — |
| | | | (2 | ) | Balance at end of period | | | $ | 16 |
| | | | $ | 28 |
| (1) The dividend per share amount is the same for both class A and class B common stock |
|
Schedule of Deferred Compensation and Treasury Stock Activity [Table Text Block] |
Activity in the deferred compensation program for the three and nine months ended September 30, 2019 and 2018 is as follows (in millions): | | | | | | | | | | | | | | | Three Months Ended September 30: | 2019 | | 2018 | | Shares | | Dollars | | Shares | | Dollars | Deferred Compensation Obligations: | | | | | | | | Balance at beginning of period | | | $ | 25 |
| | | | $ | 31 |
| Reinvested dividends | | | — |
| | | | 1 |
| Benefit payments | | | — |
| | | | — |
| Balance at end of period | | | $ | 25 |
| | | | $ | 32 |
| Treasury Stock: | | | | | | | | Balance at beginning of period | — |
| | $ | (25 | ) | | (1 | ) | | $ | (31 | ) | Reinvested dividends | — |
| | — |
| | — |
| | (1 | ) | Benefit payments | — |
| | — |
| | — |
| | — |
| Balance at end of period | — |
| | (25 | ) | | (1 | ) | | (32 | ) |
| | | | | | | | | | | | | | | Nine Months Ended September 30: | 2019 | | 2018 | | Shares | | Dollars | | Shares | | Dollars | Deferred Compensation Obligations: | | | | | | | | Balance at beginning of period | | | $ | 32 |
| | | | $ | 37 |
| Reinvested dividends | | | 1 |
| | | | 2 |
| Benefit payments | | | (8 | ) | | | | (7 | ) | Balance at end of period | | | $ | 25 |
| | | | $ | 32 |
| Treasury Stock: | | | | | | | | Balance at beginning of period | (1 | ) | | $ | (32 | ) | | (1 | ) | | $ | (37 | ) | Reinvested dividends | — |
| | (1 | ) | | — |
| | (2 | ) | Benefit payments | 1 |
| | 8 |
| | — |
| | 7 |
| Balance at end of period | — |
| | (25 | ) | | (1 | ) | | (32 | ) |
|
Schedule of Accumulated Other Comprehensive Income (Loss) |
The activity in AOCI for the three and nine months ended September 30, 2019 and 2018 is as follows (in millions): | | | | | | | | | Three Months Ended September 30: | 2019 | | 2018 | Foreign currency translation gain (loss), net of tax: | | | | Balance at beginning of period | $ | (1,106 | ) | | $ | (1,061 | ) | Translation adjustment (net of tax effect of $41 and $1) | (48 | ) | | (28 | ) | Balance at end of period | (1,154 | ) | | (1,089 | ) | Unrealized gain (loss) on marketable securities, net of tax: | | | | Balance at beginning of period | 7 |
| | (5 | ) | Current period changes in fair value (net of tax effect of $1 and $(1)) | 2 |
| | (2 | ) | Reclassification to earnings (net of tax effect of $(1) and $0) | (5 | ) | | 1 |
| Balance at end of period | 4 |
| | (6 | ) | Unrealized gain (loss) on cash flow hedges, net of tax: | | | | Balance at beginning of period | 104 |
| | (179 | ) | Current period changes in fair value (net of tax effect of $79 and $14) | 251 |
| | 44 |
| Reclassification to earnings (net of tax effect of $(14) and $1) | (45 | ) | | 5 |
| Balance at end of period | 310 |
| | (130 | ) | Unrecognized pension and postretirement benefit costs, net of tax: | | | | Balance at beginning of period | (3,820 | ) | | (4,101 | ) | Reclassification to earnings (net of tax effect of $14 and $12) | 43 |
| | 38 |
| Balance at end of period | (3,777 | ) | | (4,063 | ) | Accumulated other comprehensive income (loss) at end of period | $ | (4,617 | ) | | $ | (5,288 | ) |
| | | | | | | | | Nine Months Ended September 30: | 2019 | | 2018 | Foreign currency translation gain (loss), net of tax: | | | | Balance at beginning of period | $ | (1,126 | ) | | $ | (930 | ) | Translation adjustment (net of tax effect of $43 and $26) | (28 | ) | | (112 | ) | Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | — |
| | (47 | ) | Balance at end of period | (1,154 | ) | | (1,089 | ) | Unrealized gain (loss) on marketable securities, net of tax: | | | | Balance at beginning of period | (2 | ) | | (2 | ) | Current period changes in fair value (net of tax effect of $4 and $(2)) | 11 |
| | (6 | ) | Reclassification to earnings (net of tax effect of $(1) and $1) | (5 | ) | | 2 |
| Balance at end of period | 4 |
| | (6 | ) | Unrealized gain (loss) on cash flow hedges, net of tax: | | | | Balance at beginning of period | 40 |
| | (366 | ) | Current period changes in fair value (net of tax effect of $112 and $81) | 355 |
| | 254 |
| Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | — |
| | (79 | ) | Reclassification to earnings (net of tax effect of $(27) and $19) | (85 | ) | | 61 |
| Balance at end of period | 310 |
| | (130 | ) | Unrecognized pension and postretirement benefit costs, net of tax: | | | | Balance at beginning of period | (3,906 | ) | | (3,569 | ) | Reclassification to earnings (net of tax effect of $41 and $36) | 129 |
| | 115 |
| Reclassification to retained earnings pursuant to the early adoption of ASU 2018-02 | — |
| | (609 | ) | Balance at end of period | (3,777 | ) | | (4,063 | ) | Accumulated other comprehensive income (loss) at end of period | $ | (4,617 | ) | | $ | (5,288 | ) |
|
Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings [Table Text Block] |
Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three and nine months ended September 30, 2019 and 2018 is as follows (in millions): | | | | | | | | | | | Three Months Ended September 30: | | | | | | | Amount Reclassified from AOCI | | Affected Line Item in the Income Statement | | 2019 | | 2018 | | Unrealized gain (loss) on marketable securities: | | | | | | Realized gain (loss) on sale of securities | $ | 6 |
| | $ | (1 | ) | | Investment income and other | Income tax (expense) benefit | (1 | ) | | — |
| | Income tax expense | Impact on net income | 5 |
| | (1 | ) | | Net income | Unrealized gain (loss) on cash flow hedges: | | | | | | | (3 | ) | | (6 | ) | | Interest expense | | 62 |
| | — |
| | Revenue | Income tax (expense) benefit | (14 | ) | | 1 |
| | Income tax expense | Impact on net income | 45 |
| | (5 | ) | | Net income | Unrecognized pension and postretirement benefit costs: | | | | | | Prior service costs | (57 | ) | | (50 | ) | | Investment income and other | Income tax (expense) benefit | 14 |
| | 12 |
| | Income tax expense | Impact on net income | (43 | ) | | (38 | ) | | Net income | | | | | | | Total amount reclassified for the period | $ | 7 |
| | $ | (44 | ) | | Net income |
| | | | | | | | | | | Nine Months Ended September 30: | | | | | | | Amount Reclassified from AOCI | | Affected Line Item in the Income Statement | | 2019 | | 2018 | | Unrealized gain (loss) on marketable securities: | | | | | | Realized gain (loss) on sale of securities | $ | 6 |
| | $ | (3 | ) | | Investment income and other | Income tax (expense) benefit | (1 | ) | | 1 |
| | Income tax expense | Impact on net income | 5 |
| | (2 | ) | | Net income | Unrealized gain (loss) on cash flow hedges: | | | | | | | (12 | ) | | (18 | ) | | Interest expense | | 124 |
| | (62 | ) | | Revenue | Income tax (expense) benefit | (27 | ) | | 19 |
| | Income tax expense | Impact on net income | 85 |
| | (61 | ) | | Net income | Unrecognized pension and postretirement benefit costs: | | | | | | Prior service costs | (170 | ) | | (151 | ) | | Investment income and other | Income tax (expense) benefit | 41 |
| | 36 |
| | Income tax expense | Impact on net income | (129 | ) | | (115 | ) | | Net income | | | | | | | Total amount reclassified for the period | $ | (39 | ) | | $ | (178 | ) | | Net income |
|
X |
- DefinitionSchedule of Deferred Compensation and Treasury Stock Activity [Table Text Block]
+ References
+ Details
Name: |
ups_ScheduleOfDeferredCompensationAndTreasuryStockActivityTableTextBlock |
Namespace Prefix: |
ups_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionSchedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings [Table]
+ References
+ Details
Name: |
ups_ScheduleOfReclassificationsFromAccumulatedOtherComprehensiveIncomeLossToEarningsTableTextBlock |
Namespace Prefix: |
ups_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of the components of accumulated other comprehensive income (loss).
+ References
+ Details
Name: |
us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.
+ References
+ Details
Name: |
us-gaap_ScheduleOfStockholdersEquityTableTextBlock |
Namespace Prefix: |
us-gaap_ |
Data Type: |
nonnum:textBlockItemType |
Balance Type: |
na |
Period Type: |
duration |
|
|