UNITED PARCEL SERVICE INC
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
UPS$110.96+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $3,206 | $5,602 |
| Marketable securities | 2,866 | 1,993 |
| Accounts receivable | 11,342 | 12,729 |
| Less: Allowance for credit losses | (126) | (146) |
| Accounts receivable, net | 11,216 | 12,583 |
| Other current assets | 2,125 | 2,039 |
| Total Current Assets | 19,413 | 22,217 |
| Property, Plant and Equipment, Net | 36,945 | 34,719 |
| Operating Lease Right-Of-Use Assets | 4,308 | 3,755 |
| Goodwill | 4,872 | 4,223 |
| Intangible Assets, Net | 3,305 | 2,796 |
| Deferred Income Tax Assets | 126 | 139 |
| Other Non-Current Assets | 1,888 | 3,275 |
| Total Assets | $70,857 | $71,124 |
| LIABILITIES AND SHAREOWNERS’ EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt, commercial paper and finance leases | $3,348 | $2,341 |
| Current maturities of operating leases | 709 | 621 |
| Accounts payable | 6,340 | 7,515 |
| Accrued wages and withholdings | 3,224 | 4,049 |
| Self-insurance reserves | 1,320 | 1,069 |
| Accrued group welfare and retirement plan contributions | 1,479 | 1,078 |
| Other current liabilities | 1,256 | 1,467 |
| Total Current Liabilities | 17,676 | 18,140 |
| Long-Term Debt and Finance Leases | 18,916 | 17,321 |
| Non-Current Operating Leases | 3,756 | 3,238 |
| Pension and Postretirement Benefit Obligations | 6,159 | 4,807 |
| Deferred Income Tax Liabilities | 3,772 | 4,302 |
| Other Non-Current Liabilities | 3,264 | 3,513 |
| Shareowners’ Equity: | ||
| Class A common stock (127 and 134 shares issued in 2023 and 2022, respectively) | 2 | 2 |
| Class B common stock (726 and 725 shares issued in 2023 and 2022, respectively) | 7 | 7 |
| Additional paid-in capital | — | — |
| Retained earnings | 21,055 | 21,326 |
| Accumulated other comprehensive loss | (3,758) | (1,549) |
| Deferred compensation obligations | 9 | 13 |
| Less: Treasury stock (0.2 in 2023 and 2022) | (9) | (13) |
| Total Equity for Controlling Interests | 17,306 | 19,786 |
| Noncontrolling Interests | 8 | 17 |
| Total Shareowners’ Equity | 17,314 | 19,803 |
| Total Liabilities and Shareowners’ Equity | $70,857 | $71,124 |
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