United Parcel Service (UPS) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 26, 2015
Entity Registrant Name	UNITED PARCEL SERVICE INC
Trading Symbol	UPS
Entity Central Index Key	1,090,727
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A common stock
Entity Common Stock, Shares Outstanding		194,272,074
Class B common stock
Entity Common Stock, Shares Outstanding		696,142,653

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 3,441	$ 2,291
Marketable securities	2,248	992
Accounts receivable, net	6,055	6,661
Deferred income tax assets	554	590
Other current assets	1,283	1,274
Total Current Assets	13,581	11,808
Property, Plant and Equipment, Net	18,163	18,281
Goodwill	3,442	2,184
Intangible Assets, Net	1,523	847
Non-Current Investments and Restricted Cash	483	489
Derivative Assets, Noncurrent	455	515
Deferred Income Taxes and Other Assets, Noncurrent	656	652
Other Non-Current Assets	699	695
Total Assets	39,002	35,471
Current Liabilities:
Current maturities of long-term debt and commercial paper	4,557	923
Accounts payable	2,058	2,754
Accrued wages and withholdings	2,317	2,373
Derivative, Collateral, Obligation to Return Cash	737	548
Self-insurance reserves	594	656
Other current liabilities	1,606	1,385
Total Current Liabilities	11,869	8,639
Long-Term Debt	10,044	9,864
Pension and Postretirement Benefit Obligations	11,992	11,452
Deferred Income Tax Liabilities	77	83
Self-Insurance Reserves	1,827	1,916
Other Non-Current Liabilities	1,245	1,359
Shareowners' Equity:
Additional paid-in capital	0	0
Retained earnings	5,771	5,726
Accumulated other comprehensive loss	(3,851)	(3,594)
Deferred compensation obligations	51	59
Less: Treasury stock	(51)	(59)
Total Equity for Controlling Interests	1,929	2,141
Total Equity for Non-Controlling Interests	19	17
Total Shareowners' Equity	1,948	2,158
Total Liabilities and Shareowners' Equity	39,002	35,471
Common Class A [Member]
Shareowners' Equity:
Common stock	2	2
Total Equity for Controlling Interests	2	2
Common Class B [Member]
Shareowners' Equity:
Common stock	7	7
Total Equity for Controlling Interests	$ 7	$ 7

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares shares in Millions	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Treasury stock, shares	1	1
Class A common stock
Common stock, shares issued	196	201	203	212
Class B common stock
Common stock, shares issued	696	705	706	712

STATEMENTS OF CONSOLIDATED INCO

STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 14,237	$ 14,290	$ 42,309	$ 42,337
Operating Expenses:
Compensation and benefits	7,458	7,217	22,524	22,857
Repairs and maintenance	362	341	1,069	1,011
Depreciation and amortization	527	485	1,543	1,426
Purchased transportation	1,926	2,049	5,557	5,945
Fuel	617	978	1,900	2,930
Other occupancy	241	241	765	779
Other expenses	1,122	1,025	3,334	3,175
Total Operating Expenses	12,253	12,336	36,692	38,123
Operating Profit	1,984	1,954	5,617	4,214
Other Income and (Expense):
Investment income	4	2	12	27
Interest expense	(83)	(87)	(256)	(266)
Total Other Income and (Expense)	(79)	(85)	(244)	(239)
Income Before Income Taxes	1,905	1,869	5,373	3,975
Income Tax Expense	648	655	1,860	1,396
Net Income	$ 1,257	$ 1,214	$ 3,513	$ 2,579
Basic Earnings Per Share	$ 1.40	$ 1.33	$ 3.90	$ 2.81
Diluted Earnings Per Share	$ 1.39	$ 1.32	$ 3.87	$ 2.78

STATEMENTS OF CONSOLIDATED COMP

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 1,257	$ 1,214	$ 3,513	$ 2,579
Change in foreign currency translation adjustment, net of tax	(141)	(251)	(344)	(248)
Change in unrealized gain (loss) on marketable securities, net of tax	0	(1)	1	1
Change in unrealized gain (loss) on cash flow hedges, net of tax	(11)	210	6	169
Change in unrecognized pension and postretirement benefit costs, net of tax	28	27	80	(73)
Comprehensive income	$ 1,133	$ 1,199	$ 3,256	$ 2,428

STATEMENTS OF CONSOLIDATED CASH

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Net income	$ 3,513	$ 2,579
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	1,543	1,426
Pension and postretirement benefit expense	807	1,734
Pension and postretirement benefit contributions	(147)	(163)
Settlement of postretirement benefit obligation	0	(1,995)
Self-insurance reserves	(148)	(277)
Deferred taxes, credits and other	(198)	67
Stock compensation expense	452	430
Other (gains) losses	(79)	202
Change in assets and liabilities, net of effect of acquisitions
Accounts receivable	738	448
Other current assets	521	(60)
Accounts payable	(745)	(400)
Accrued wages and withholdings	(5)	(101)
Other current liabilities	214	312
Other operating activities	(51)	(11)
Net cash from operating activities	6,415	4,191
Cash Flows From Investing Activities:
Capital expenditures	(1,648)	(1,444)
Proceeds from disposals of property, plant, and equipment	14	28
Purchases of marketable securities	(6,074)	(2,551)
Sales and maturities of marketable securities	4,821	1,856
Net decrease in finance receivables	(11)	23
Cash paid for business acquisitions	(1,925)	(22)
Other investing activities	(136)	(29)
Net cash (used in) investing activities	(4,959)	(2,139)
Cash Flows From Financing Activities:
Net change in short-term debt	3,546	1,066
Proceeds from long-term borrowings	1,927	1,286
Repayments of long-term borrowings	(1,699)	(1,021)
Purchases of common stock	(2,028)	(2,062)
Issuances of common stock	194	203
Dividends	(1,899)	(1,780)
Other financing activities	(201)	(105)
Net cash (used in) financing activities	(160)	(2,413)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents	(146)	(100)
Net Increase In Cash And Cash Equivalents	1,150	(461)
Cash And Cash Equivalents:
Beginning of period	2,291	4,665
End of period	$ 3,441	$ 4,204

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Principles of Consolidation In our opinion, the accompanying interim, unaudited, consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. These consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly our financial position as of September 30, 2015 , our results of operations for the three and nine months ended September 30, 2015 and 2014 , and cash flows for the nine months ended September 30, 2015 and 2014 . The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. The interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014 . For interim consolidated financial statement purposes, we provide for accruals under our various employee benefit plans and self-insurance reserves for each three month period based on one quarter of the estimated annual expense. Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no impact on our financial position or results of operations. Fair Value of Financial Instruments The carrying amounts of our cash and cash equivalents, accounts receivable, finance receivables and accounts payable approximate fair value as of September 30, 2015 . The fair values of our investment securities are disclosed in note 4 , recognized multiemployer pension withdrawal liabilities are disclosed in note 6 , our short and long-term debt in note 9 and our derivative instruments in note 14 . We utilized Level 1 inputs in the fair value hierarchy of valuation techniques to determine the fair value of our cash and cash equivalents, and Level 2 inputs to determine the fair value of our accounts receivable, finance receivables and accounts payable. Accounting Estimates The preparation of the accompanying interim, unaudited, consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best information and actual results could differ materially from those estimates.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Adoption of New Accounting Standards In September 2015, the Financial Accounting Standards Board ("FASB") issued an accounting standards update that simplifies the accounting for measurement-period adjustments related to business combinations. This update removes the requirement to retrospectively apply adjustments made to estimated amounts recognized in a business combination. This update permits the purchaser to adjust the estimated amounts in the reporting period in which the adjustment amounts are determined. This new guidance would have become effective for us in the first quarter of 2016; however, we have elected to early adopt this standard in the third quarter of 2015 as we expect it to reduce the complexity in the preparation of our consolidated financial statements. This accounting standards update did not have a material impact on our consolidated financial position or results of operations. In June 2014, the FASB issued an accounting standards update for companies that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. This new guidance became effective for us in the first quarter of 2015, and did not have a material impact on our consolidated financial position or results of operations. Other accounting pronouncements adopted during the periods covered by the consolidated financial statements did not have a material impact on our consolidated financial position or results of operations. Accounting Standards Issued But Not Yet Effective In May 2015, the FASB issued an accounting standards update that changes the disclosure requirement for reporting investments at fair value. This update removes the requirement to categorize investments for which fair value is measured using the net asset value per share practical expedient within the fair value hierarchy. These disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. This new guidance will be applied retrospectively and becomes effective for us in the first quarter of 2016, but early adoption is permitted. At this time, we do not expect this new guidance to have a material impact on our consolidated balance sheets. In April 2015, the FASB issued an accounting standards update to simplify the presentation of debt issuance costs. This update amends existing guidance to require the presentation of debt issuance costs in the consolidated balance sheets as a direct deduction from the carrying amount of the associated debt liability instead of a deferred charge. In August 2015, the FASB issued updated guidance pertaining to the presentation of debt issuance costs related to line-of-credit arrangements. This update allows an entity to defer and present debt issuance costs as an asset, subsequently amortizing the deferred debt issuance costs over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. This new guidance will be applied retrospectively and becomes effective for us in the first quarter of 2016, but early adoption is permitted. At this time, we do not expect this new guidance to have a material impact on our consolidated balance sheets. In May 2014, the FASB issued an accounting standards update that changes the revenue recognition for companies that enter into contracts with customers to transfer goods or services. This amended guidance requires revenue to be recognized in an amount that reflects the consideration to which the company expects to be entitled for those goods and services when the performance obligation has been satisfied. This amended guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and related cash flows arising from contracts with customers. In August 2015, the FASB issued an accounting standards update that defers the effective date of the new revenue recognition guidance for one year to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date beginning after December 15, 2016. At this time, we do not expect this accounting standards update to have a material impact on our consolidated financial position or results of operations. Other accounting pronouncements issued, but not effective until after September 30, 2015 , are not expected to have a material impact on our consolidated financial position or results of operations.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION We issue employee share-based awards under the UPS Incentive Compensation Plan, which permits the grant of nonqualified and incentive stock options, stock appreciation rights, restricted stock and stock units, and restricted performance shares and performance units, to eligible employees (restricted stock and stock units, restricted performance shares and performance units are herein referred to as "Restricted Units"). Upon vesting, Restricted Units result in the issuance of the equivalent number of UPS class A common shares after required tax withholdings. Dividends accrued on Restricted Units are reinvested in additional Restricted Units at each dividend payable date, and are subject to the same vesting and forfeiture conditions as the underlying Restricted Units upon which they are earned. The primary compensation programs offered under the UPS Incentive Compensation Plan include the UPS Management Incentive Award program, the UPS Long-Term Incentive Performance Award program, Coyote Restricted Stock Award and the UPS Stock Option program. We also maintain an employee stock purchase plan which allows eligible employees to purchase shares of UPS class A common stock at a discount. Additionally, our matching contributions to the primary employee defined contribution savings plan are made in shares of UPS class A common stock. Management Incentive Award Program ("MIP") During the first quarter of 2015 , we granted Restricted Units under MIP to certain eligible management employees. Restricted Units granted under MIP generally vest over a five-year period with approximately 20% of the award vesting on January 15th of each of the years following the grant date (except in the case of death, disability, or retirement, in which case immediate vesting occurs). The entire grant is expensed on a straight-line basis over the requisite service period. Based on the date that the eligible management population and performance targets were approved for MIP, we determined the award measurement date to be February 5, 2015 (for U.S.-based employees) and March 30, 2015 (for international-based employees); therefore, the Restricted Units awarded were valued for stock compensation expense purposes using the closing New York Stock Exchange price of $101.46 and $97.27 on those dates, respectively. Long-Term Incentive Performance Award Program ("LTIP") We award Restricted Units under LTIP to certain eligible management employees. For grants prior to 2014, 90% of the target award was divided into three substantially equal tranches, one for each calendar year in the three -year award cycle, using performance criteria targets established each year. The targets consisted of consolidated operating return on invested capital and growth in consolidated revenue. The remaining 10% of the total award was based upon our achievement of adjusted earnings per share compared to a target established at the grant date. The performance targets for these historical awards will continue to be determined each year, and the awards will continue to vest through 2016. Beginning with the LTIP grant in the first quarter of 2014, the performance targets are equally-weighted among consolidated operating return on invested capital, growth in consolidated revenue, and total shareowner return relative to a peer group of companies. These Restricted Units generally vest at the end of a three -year period (except in the case of death, disability, or retirement, in which case immediate vesting occurs on a prorated basis). The number of Restricted Units earned will be based on the percentage achievement of the performance targets set forth on the grant date. The range of percentage achievement can vary from 0% to 200% of the target award. For the two-thirds of the award related to consolidated operating return on invested capital and growth in consolidated revenue, we recognize the grant-date fair value of these Restricted Units (less estimated forfeitures) as compensation expense ratably over the vesting period, based on the number of awards expected to be earned. The remaining one-third of the award related to total shareowner return relative to a peer group is valued using a Monte Carlo model. This portion of the award was valued at a share payout of 65.86% of the target grant, and is recognized as compensation expense (less estimated forfeitures) ratably over the vesting period. Based on the date that the eligible management population and performance targets were approved for the 2015 LTIP Award, we determined the award measurement date to be March 26, 2015; therefore the target Restricted Units awarded were valued for stock compensation expense using the closing New York Stock Exchange price of $ 96.64 on that date. Coyote Restricted Stock Award In August 2015, we acquired Coyote Logistics Midco, Inc ("Coyote"), a US-based truckload freight brokerage company. During the third quarter of 2015 , we granted Restricted Units to certain eligible Coyote management employees. The vesting of Restricted Units granted under this award will vary between one and four years with an equal number of restricted units vesting at each anniversary date. The entire grant is expensed on a straight-line basis over the requisite service period (except in the case of death, disability, or retirement, in which case immediate vesting occurs). Based on the date that the eligible management population was approved for the award, we determined the award measurement date to be August 18, 2015; therefore target Restricted Units awarded were valued for stock compensation expense using the closing New York Stock Exchange price of $ 102.76 on that date. Nonqualified Stock Options During the first quarter of 2015 , we granted nonqualified stock option awards to a limited group of eligible senior management employees under the UPS Stock Option program. Stock option awards generally vest over a five-year period with approximately 20% of the award vesting at each anniversary date of the grant (except in the case of death, disability, or retirement, in which case immediate vesting occurs). The options granted will expire ten years after the date of the grant. In the first quarter of 2015 and 2014 , we granted 0.2 and 0.1 million stock options, respectively, at a weighted average grant price of $101.93 and $ 96.98 , respectively. The weighted average fair value of our employee stock options granted, as determined by the Black-Scholes valuation model, was $18.07 and $ 20.48 for 2015 and 2014 , respectively, using the following assumptions: 2015 2014 Expected life (in years) 7.5 7.5 Risk-free interest rate 2.07 % 2.40 % Expected volatility 20.61 % 24.26 % Expected dividend yield 2.63 % 2.56 % Compensation expense for share-based awards recognized in net income for the three months ended September 30, 2015 and 2014 was $124 million pre-tax in each period. Compensation expense for share-based awards recognized in net income for the nine months ended September 30, 2015 and 2014 was $ 452 and $ 430 million pre-tax, respectively.

INVESTMENTS AND RESTRICTED CASH

INVESTMENTS AND RESTRICTED CASH	9 Months Ended
	Sep. 30, 2015
Marketable Securities [Abstract]
INVESTMENTS AND RESTRICTED CASH	INVESTMENTS AND RESTRICTED CASH The following is a summary of marketable securities classified as trading and available-for-sale as of September 30, 2015 and December 31, 2014 (in millions): Cost Unrealized Gains Unrealized Losses Estimated Fair Value September 30, 2015: Current trading marketable securities: Corporate debt securities $ 1,049 $ — $ — $ 1,049 Other investment securities 410 36 — 446 Total trading marketable securities $ 1,459 $ 36 $ — $ 1,495 Current available-for-sale marketable securities: U.S. government and agency debt securities $ 327 $ 2 $ — $ 329 Mortgage and asset-backed debt securities 77 — — 77 Corporate debt securities 339 1 (1 ) 339 Other investment securities 8 — — 8 Total available-for-sale marketable securities $ 751 $ 3 $ (1 ) $ 753 Total current marketable securities $ 2,210 $ 39 $ (1 ) $ 2,248 Cost Unrealized Gains Unrealized Losses Estimated Fair Value December 31, 2014: Current trading marketable securities: Corporate debt securities $ 388 $ — $ — $ 388 Other investment securities 42 — — 42 Total trading marketable securities $ 430 $ — $ — $ 430 Current available-for-sale marketable securities: U.S. government and agency debt securities $ 321 $ 1 $ (1 ) $ 321 Mortgage and asset-backed debt securities 89 1 (1 ) 89 Corporate debt securities 146 — — 146 Other investment securities 6 — — 6 Total available-for-sale marketable securities $ 562 $ 2 $ (2 ) $ 562 Total current marketable securities $ 992 $ 2 $ (2 ) $ 992 The net unrealized gains included in net income related to trading securities still held on the consolidated balance sheets for the three months ended September 30, 2015 and 2014 were $ 27 and $ 0 million, respectively ($ 36 and $ 0 million, respectively, for the nine months ended September 30, 2015 and 2014 ). Investment Other-Than-Temporary Impairments We have concluded that no material other-than-temporary impairment losses existed as of September 30, 2015 . In making this determination, we considered the financial condition and prospects of the issuers, the magnitude of the losses compared with the investments’ cost, the length of time the investments have been in an unrealized loss position, the probability that we will be unable to collect all amounts due according to the contractual terms of the securities, the credit rating of the securities and our ability and intent to hold these investments until the anticipated recovery in market value occurs. Maturity Information The amortized cost and estimated fair value of marketable securities at September 30, 2015 , by contractual maturity, are shown below (in millions). Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Cost Estimated Fair Value Due in one year or less $ 1,423 $ 1,423 Due after one year through three years 420 421 Due after three years through five years 14 15 Due after five years 71 71 1,928 1,930 Equity and other investment securities 282 318 $ 2,210 $ 2,248 Restricted Cash and Non-Current Investments We had restricted cash of $ 100 million related to proceeds from the Delaware County, Pennsylvania Industrial Development Authority facility bond issued in September 2015. The proceeds will be used to extinguish an existing facility bond due in December 2015. The restricted cash is reported in “other current assets” on the consolidated balance sheets. We had $ 442 million of restricted cash related to our self-insurance requirements as of September 30, 2015 and December 31, 2014 , which is reported in “non-current investments and restricted cash” on the consolidated balance sheets. This restricted cash is invested in money market funds and similar cash equivalent type assets. At September 30, 2015 and December 31, 2014 , we held a $19 million investment in a variable life insurance policy to fund benefits for the UPS Excess Coordinating Benefit Plan. Additionally, we held escrowed cash related to the acquisition and disposition of certain assets of $22 and $28 million as of September 30, 2015 and December 31, 2014 , respectively. The amounts described above are classified as “non-current investments and restricted cash” on the consolidated balance sheets, while the quarterly change in investment fair value is recognized in "investment income" on the statements of consolidated income. Fair Value Measurements Marketable securities utilizing Level 1 inputs include active exchange-traded equity securities and equity index funds, and most U.S. Government debt securities, as these securities all have quoted prices in active markets. Marketable securities utilizing Level 2 inputs include asset-backed securities, corporate bonds and municipal bonds. These securities are valued using market corroborated pricing, matrix pricing or other models that utilize observable inputs such as yield curves. We maintain holdings in certain investment partnerships that are measured at fair value utilizing Level 3 inputs (classified as “other non-current investments” in the tables below and as “other non-current assets” in the consolidated balance sheets). These partnership holdings do not have quoted prices, nor can they be valued using inputs based on observable market data. These investments are valued internally using a discounted cash flow model with two significant inputs: (1) the after-tax cash flow projections for each partnership and (2) the risk-adjusted discount rate consistent with the duration of the expected cash flows for each partnership. The weighted-average discount rates used to value these investments were 8.13% and 7.81% as of September 30, 2015 and December 31, 2014 , respectively. These inputs, and the resulting fair values, are updated on a quarterly basis. The following table presents information about our investments measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 , and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value (in millions): Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance September 30, 2015: Marketable Securities: U.S. government and agency debt securities $ 329 $ — $ — $ 329 Mortgage and asset-backed debt securities — 77 — 77 Corporate debt securities — 1,388 — 1,388 Other debt, equity and investment securities — 454 — 454 Total marketable securities 329 1,919 — 2,248 Other non-current investments 19 — 40 59 Total $ 348 $ 1,919 $ 40 $ 2,307 December 31, 2014: Marketable Securities: U.S. government and agency debt securities $ 321 $ — $ — $ 321 Mortgage and asset-backed debt securities — 89 — 89 Corporate debt securities — 534 — 534 Other debt, equity and investment securities — 48 — 48 Total marketable securities 321 671 — 992 Other non-current investments 19 — 64 83 Total $ 340 $ 671 $ 64 $ 1,075 The following table presents the changes in the above Level 3 instruments measured on a recurring basis for the three months ended September 30, 2015 and 2014 (in millions): Marketable Securities Other Non-Current Investments Total Balance on July 1, 2015 $ — $ 48 $ 48 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (8 ) (8 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2015 $ — $ 40 $ 40 Marketable Securities Other Non-Current Investments Total Balance on July 1, 2014 $ — $ 95 $ 95 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (11 ) (11 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2014 $ — $ 84 $ 84 The following table presents the changes in the above Level 3 instruments measured on a recurring basis for the nine months ended September 30, 2015 and 2014 (in millions): Marketable Securities Other Investments Total Balance on January 1, 2015 $ — 64 64 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (24 ) (24 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2015 $ — $ 40 $ 40 Marketable Securities Other Investments Total Balance on January 1, 2014 $ — 110 110 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (26 ) (26 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2014 $ — $ 84 $ 84 There were no transfers of investments between Level 1 and Level 2 during the three and nine months ended September 30, 2015 and 2014 .

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of September 30, 2015 and December 31, 2014 consist of the following (in millions): 2015 2014 Vehicles $ 7,916 $ 7,542 Aircraft 15,813 15,801 Land 1,185 1,145 Buildings 3,214 3,276 Building and leasehold improvements 3,349 3,266 Plant equipment 7,764 7,649 Technology equipment 1,690 1,608 Equipment under operating leases 30 34 Construction-in-progress 475 299 41,436 40,620 Less: Accumulated depreciation and amortization (23,273 ) (22,339 ) $ 18,163 $ 18,281 We monitor all property, plant and equipment for any indicators of potential impairment. No impairment charges on property, plant and equipment were recorded during the three and nine months ended September 30, 2015 and 2014 .

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Company-Sponsored Benefit Plans Information about net periodic benefit cost for our company-sponsored pension and postretirement benefit plans is as follows for the three and nine months ended September 30, 2015 and 2014 (in millions): U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2015 2014 2015 2014 2015 2014 Three Months Ended September 30: Service cost $ 382 $ 284 $ 8 $ 12 $ 12 $ 10 Interest cost 423 401 30 33 11 12 Expected return on assets (622 ) (564 ) (5 ) (6 ) (15 ) (15 ) Amortization of: Transition obligation — — — — — — Prior service cost 42 42 2 1 — 1 Other net (gain) loss — — — — — — Actuarial (gain) loss — — — — — — Settlement and curtailment loss — — — — — — Net periodic benefit cost $ 225 $ 163 $ 35 $ 40 $ 8 $ 8 U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2015 2014 2015 2014 2015 2014 Nine Months Ended September 30: Service cost $ 1,145 $ 853 $ 25 $ 51 $ 37 $ 37 Interest cost 1,270 1,203 91 119 33 38 Expected return on assets (1,866 ) (1,693 ) (13 ) (18 ) (46 ) (45 ) Amortization of: Transition obligation — — — — — — Prior service cost 126 127 4 (2 ) 1 (2 ) Other net (gain) loss — — — — — — Actuarial (gain) loss — — — 746 — — Settlement and curtailment loss — — — 320 — — Net periodic benefit cost $ 675 $ 490 $ 107 $ 1,216 $ 25 $ 28 During the first nine months of 2015 , we contributed $66 and $81 million to our company-sponsored pension and postretirement medical benefit plans, respectively. We also expect to contribute $1.054 billion and $23 million over the remainder of the year to the pension and U.S. postretirement medical benefit plans, respectively. Multiemployer Benefit Plans We contribute to a number of multiemployer defined benefit and health and welfare plans under terms of collective bargaining agreements that cover our union-represented employees. Our current collective bargaining agreements set forth the annual contribution increases allotted to the plans that we participate in, and we are in compliance with these contribution rates. These limitations on annual contribution rates will remain in effect throughout the terms of the existing collective bargaining agreements. As of September 30, 2015 and December 31, 2014 we had $ 873 and $878 million , respectively, recognized in "other non-current liabilities" on our consolidated balance sheets associated with our previous withdrawal from a multiemployer pension plan. This liability is payable in equal monthly installments over a remaining term of approximately 47 years. Based on the borrowing rates currently available to the Company for long-term financing of a similar maturity, the fair value of this withdrawal liability as of September 30, 2015 and December 31, 2014 was $ 854 and $ 913 million , respectively. We utilized Level 2 inputs in the fair value hierarchy of valuation techniques to determine the fair value of this liability. Collective Bargaining Agreements As of December 31, 2014, we had approximately 270,000 employees employed under a national master agreement and various supplemental agreements with local unions affiliated with the International Brotherhood of Teamsters (“Teamsters”). In addition, our airline pilots, airline mechanics, ground mechanics and certain other employees are employed under other collective bargaining agreements. During the second quarter of 2014, the Teamsters ratified a new national master agreement (“NMA”) with UPS that will expire on July 31, 2018. The economic provisions in the NMA included wage rate increases, as well as increased contribution rates for healthcare and pension benefits. Most of these economic provisions were retroactive to August 1, 2013, which was the effective date of the NMA. In the second quarter of 2014, we remitted $ 278 million for these retroactive economic benefits; this payment had an immaterial impact on net income, as these retroactive economic benefits had been accrued since the July 31, 2013 expiration of the prior agreement. In addition to the retroactive economic provisions of the NMA, there were certain changes to the delivery of healthcare benefits that were effective at various dates. These changes impact approximately 36,000 full-time and 73,000 part-time active employees covered by the NMA and the UPS Freight collective bargaining agreement (collectively referred to as the “NMA Group”), as well as approximately 16,000 employees covered by other collective bargaining agreements (the “Non-NMA Group”). These provisions are discussed further below in the "Changes to the Delivery of Active and Postretirement Healthcare Benefits" section. On September 25, 2015, the Central States Pension Fund ("CSPF") submitted a proposed pension rescue plan to the U.S. Department of Treasury under the Multiemployer Pension Reform Act of 2014 ("MPRA"). The CSPF plan proposes to make retirement benefit reductions to CSPF participants, including to the benefits of UPS employee participants retiring on or after January 1, 2008. In 2007, UPS fully funded its allocable share of the unfunded vested benefits in the CSPF when it was agreed that UPS could withdraw from the CSPF. Under a collective bargaining agreement with the IBT, UPS agreed to provide supplemental benefits under the UPS/IBT Full-Time Employee Pension Plan to offset the effect of certain benefit reductions by the CSPF applicable to UPS participants retiring on or after January 1, 2008. UPS is reviewing the CSPF’s proposed plan to evaluate the validity of the actions taken by the CSPF, the plan’s compliance with the MPRA and its potential impact on UPS’s funding obligations under the UPS/IBT Full-Time Employee Pension Plan. We are not able to estimate a range of additional obligations, if any, or determine whether any such amounts are material, due to uncertainties regarding the validity of actions taken by the CSPF, incomplete information regarding the CSPF’s proposed benefit reductions, uncertainties regarding the process and standards under the MPRA, whether the proposed plan complies with the MPRA, the effect of various discount rates and other actuarial assumptions. We intend to vigorously challenge any proposed plan that does not fully comply with the law. We have approximately 2,600 pilots who are employed under a collective bargaining agreement with the Independent Pilots Association ("IPA"), which became amendable at the end of 2011. The ongoing contract negotiations between UPS and the IPA are in mediation by the National Mediation Board. Our airline mechanics are covered by a collective bargaining agreement with Teamsters Local 2727, which became amendable November 1, 2013. In addition, approximately 3,100 of our auto and maintenance mechanics who are not employed under agreements with the Teamsters are employed under collective bargaining agreements with the International Association of Machinists and Aerospace Workers (“IAM”) that will expire on July 31, 2019. Changes to the Delivery of Active and Postretirement Healthcare Benefits Prior to ratification, the NMA Group and Non-NMA Group employees received their healthcare benefits through UPS-sponsored active and postretirement health and welfare benefit plans. Effective June 1, 2014, we ceased providing healthcare benefits to active NMA Group employees through these UPS-sponsored benefit plans, and the responsibility for providing healthcare benefits for active employees was assumed by three separate multiemployer healthcare funds (the “Funds”). The responsibility for providing healthcare benefits for the active Non-NMA Group employees was also assumed by the Funds on various dates up to January 1, 2015, depending on the ratification date of the applicable collective bargaining agreement. We will make contributions to the Funds based on negotiated fixed hourly or monthly contribution rates for the duration of the NMA and other applicable collective bargaining agreements. Additionally, the Funds assumed the obligation to provide postretirement healthcare benefits to the employees in the NMA Group who retire on or after January 1, 2014. The postretirement healthcare benefit obligation for the employees in the Non-NMA Group was assumed by the Funds for employees retiring on or after January 1, 2014 or January 1, 2015, depending on the applicable collective bargaining agreement. In exchange for the assumption of the obligation to provide postretirement healthcare benefits to the NMA Group and Non-NMA Group, we transferred cash totaling $2.271 billion to the Funds in the second quarter of 2014. UPS-sponsored health and welfare benefit plans retained responsibility for providing postretirement healthcare coverage for employees in the NMA Group who retired from UPS prior to January 1, 2014, and for employees in the Non-NMA Group who retired from UPS prior to the January 1, 2014 or January 1, 2015 effective date in the applicable collective bargaining agreement. Accounting Impact of Health and Welfare Plan Changes Income Statement Impact: We recorded a pre-tax charge of $ 1.066 billion ($ 665 million after-tax) in the second quarter of 2014 for the health and welfare plan changes described above. The components of this charge, which were included in "compensation and benefits" expense in the statement of consolidated income, are as follows: • Partial Plan Curtailment : We recorded a $ 112 million pre-tax curtailment loss due to the elimination of future service benefit accruals. This curtailment loss represents the accelerated recognition of unamortized prior service costs. • Remeasurement of Postretirement Obligation : We recorded a $ 746 million pre-tax loss due to the remeasurement of the postretirement benefit obligations of the affected UPS-sponsored health and welfare benefit plans. • Settlement : We recorded a $ 208 million pre-tax settlement loss, which represents the recognition of unamortized actuarial losses associated with the postretirement obligation for the NMA Group. Balance Sheet and Cash Flow Impact: During the second quarter of 2014, as part of the health and welfare plan changes described previously, we transferred cash totaling $ 2.271 billion to the Funds, which was accounted for as a settlement of our postretirement benefit obligations. As of September 30, 2014, we had received approximately $ 563 million of cash tax benefits (through reduced U.S. Federal and state quarterly income tax payments) and we received the remaining cash tax benefits of approximately $291 million resulting from these payments over the remainder of 2014. For NMA Group employees who retired prior to January 1, 2014 and remained with the UPS-sponsored health and welfare plans, the changes to the contributions, benefits and cost sharing provisions in these plans resulted in an increase in the postretirement benefit obligation, and a corresponding decrease in pre-tax AOCI, of $ 13 million upon ratification.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The following table indicates the allocation of goodwill by reportable segment as of September 30, 2015 and December 31, 2014 (in millions): U.S. Domestic Package International Package Supply Chain & Freight Consolidated December 31, 2014: $ — $ 449 $ 1,735 $ 2,184 Acquired 709 — 609 1,318 Currency / Other — (23 ) (37 ) (60 ) September 30, 2015: $ 709 $ 426 $ 2,307 $ 3,442 The goodwill acquired in the U.S Domestic Package segment was related to our August 2015 acquisition of Coyote Logistics Midco, Inc ("Coyote"). The goodwill acquired in the Supply Chain & Freight segment was related to our August 2015 acquisition of Coyote, our May 2015 acquisition of Parcel Pro, Inc. ("Parcel Pro"), our June 2015 acquisition of the Insured Parcel Services division of G4S International Logistics ("IPS") and our March 2015 acquisition of Poltraf Sp. z.o.o. ("Poltraf"). The purchase price allocation for acquired companies can be modified for up to one year from the date of acquisition. The purchase price allocations for Coyote, Parcel Pro, and IPS have not been finalized. See note 8 for further discussion of these acquisitions. The majority of the remaining change in goodwill for both the International Package and Supply Chain & Freight segments was due to the impact of changes in the value of the U.S. Dollar on the translation of non-U.S. Dollar goodwill balances. The following is a summary of intangible assets as of September 30, 2015 and December 31, 2014 (in millions): Gross Carrying Amount Accumulated Amortization Net Carrying Value September 30, 2015: Capitalized software $ 2,672 $ (1,979 ) $ 693 Licenses 214 (163 ) 51 Franchise rights 122 (81 ) 41 Customer relationships 513 (22 ) 491 Trademarks, patents, and other 261 (14 ) 247 Total Intangible Assets, Net $ 3,782 $ (2,259 ) $ 1,523 December 31, 2014: Capitalized software $ 2,641 $ (1,997 ) $ 644 Licenses 217 (133 ) 84 Franchise rights 117 (77 ) 40 Customer relationships 123 (66 ) 57 Trademarks, patents, and other 31 (9 ) 22 Total Intangible Assets, Net $ 3,129 $ (2,282 ) $ 847 As described in note 8, intangible assets increased by $658 million related to the acquisition of Coyote in the third quarter of 2015.

BUSINESS COMBINATIONS (Notes)

BUSINESS COMBINATIONS (Notes)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS In March 2015, we acquired Poltraf, a Polish-based pharmaceutical logistics company recognized for its temperature-sensitive warehousing and transportation solutions. In May 2015, we acquired Parcel Pro and in June 2015, we acquired IPS, both are businesses that provide services and insurance coverage for the transport of high value luxury goods. These acquisitions were funded with cash from operations. These acquisitions were not material to our consolidated financial position or results of operations. In August 2015, we acquired Coyote, a U.S.-based truckload freight brokerage company for $1.853 billion . This acquisition will allow us to expand our existing portfolio by adding large scale truckload freight brokerage and transportation management services to our existing supply chain and freight businesses. The acquisition was funded using cash from operations and issuances of commercial paper. The following table summarizes the estimated fair values of the Coyote assets acquired and liabilities assumed at the acquisition date. We have engaged a third-party to prepare valuations for certain intangible assets; therefore, the initial estimates of purchase price, intangible assets, goodwill and deferred income taxes are subject to change. The purchase price allocation for acquired companies can be modified for up to one year from the date of acquisition. Coyote Assets Acquired and (Liabilities) Assumed As of Acquisition Date (in millions) Cash and cash equivalents $ 19 Accounts receivable 249 Current deferred income tax assets 11 Other current assets 2 Property, plant, and equipment 17 Goodwill 1,246 Intangible assets 658 Restricted cash and non-current marketable securities 2 Accounts payable and other current liabilities (134 ) Non-current deferred income tax liability (215 ) Other non-current liabilities (2 ) Total purchase price $ 1,853 The goodwill recognized of approximately $1.246 billion is attributable to synergies anticipated from more efficient usage of our existing transportation networks and the assembled workforce of Coyote. We have allocated $ 709 and $537 million of the recognized goodwill to the U.S. Domestic Package and Supply Chain & Freight segments, respectively. None of the goodwill is expected to be deductible for income tax purposes. The intangible assets acquired of approximately $658 million primarily consist of $ 426 million of customer relationships (amortized over 10 years ), $ 27 million of non-compete agreements (amortized over 4 years ), and $ 200 million of trademarks and trade name, which have an indefinite useful life. As noted earlier, the fair value of the acquired intangible assets are estimates and are subject to change depending on the final valuation report. The carrying value of acquired accounts receivable approximates fair value. We recognized approximately $17 million of acquisition related costs that were expensed in the current period. These costs are included in "other expenses" within the statements of consolidated income. The financial results of these acquired businesses are included in the Supply Chain & Freight segment from the date of acquisition and were not material to our results of operations.

DEBT AND FINANCING ARRANGEMENTS

DEBT AND FINANCING ARRANGEMENTS	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
DEBT AND FINANCING ARRANGEMENTS	DEBT AND FINANCING ARRANGEMENTS The carrying value of our outstanding debt as of September 30, 2015 and December 31, 2014 consists of the following (in millions): Principal Amount Carrying Value Maturity 2015 2014 Commercial paper $ 4,402 2015 $ 4,401 $ 772 Fixed-rate senior notes: 1.125% senior notes 375 2017 374 370 5.50% senior notes 750 2018 798 802 5.125% senior notes 1,000 2019 1,082 1,076 3.125% senior notes 1,500 2021 1,641 1,617 2.45% senior notes 1,000 2022 1,006 977 6.20% senior notes 1,500 2038 1,482 1,481 4.875% senior notes 500 2040 489 489 3.625% senior notes 375 2042 368 367 8.375% Debentures: 8.375% debentures 424 2020 483 480 8.375% debentures 276 2030 283 283 Pound Sterling notes: 5.50% notes 101 2031 97 99 5.125% notes 690 2050 655 673 Floating rate senior notes 567 2049-2065 562 459 Capital lease obligations 431 2015-3005 431 505 Facility notes and bonds 420 2015-2045 420 320 Other debt 29 2015-2022 29 17 Total Debt $ 14,340 14,601 10,787 Less: Current Maturities (4,557 ) (923 ) Long-term Debt $ 10,044 $ 9,864 Debt Issuances In September 2015, we issued floating rate senior notes with principal balances of $ 104 million that bear interest at three-month LIBOR less 30 basis points. These notes mature in 2065. In September 2015, we entered into an agreement with the Delaware County, Pennsylvania Industrial Development Authority, associated with our Philadelphia, Pennsylvania airport facilities, for bonds issued with a principal balance of $ 100 million. These bonds, which are due September 2045, bear interest at a variable rate. Sources of Credit We are authorized to borrow up to $ 10.0 billion under the U.S. commercial paper program we maintain. We had $ 4.060 billion outstanding under this program as of September 30, 2015 , with an average interest rate of 0.14% . We also maintain a European commercial paper program under which we are authorized to borrow up to €5.0 billion in a variety of currencies. We had £ 225 million ($ 342 million) outstanding under this program as of September 30, 2015 with an average interest rate of 0.50% . As of September 30, 2015 , we have classified the entire commercial paper balance as a current liability on our consolidated balance sheet. We maintain two credit agreements with a consortium of banks. One of these agreements provides revolving credit facilities of $1.5 billion, and expires on March 26, 2016 . Generally, amounts outstanding under this facility bear interest at a periodic fixed rate equal to LIBOR for the applicable interest period and currency denomination, plus an applicable margin. Alternatively, a fluctuating rate of interest equal to the highest of (1) JPMorgan Chase Bank’s publicly announced prime rate; (2) the Federal Funds effective rate plus 0.50% ; and (3) LIBOR for a one month interest period plus 1.00% , plus an applicable margin, may be used at our discretion. In each case, the applicable margin for advances bearing interest based on LIBOR is a percentage determined by quotations from Markit Group Ltd. for our 1-year credit default swap spread, subject to a minimum rate of 0.10% and a maximum rate of 0.75% . The applicable margin for advances bearing interest based on the prime rate is 1.00% below the applicable margin for LIBOR advances (but not lower than 0.00% ). We are also able to request advances under this facility based on competitive bids for the applicable interest rate. There were no amounts outstanding under this facility as of September 30, 2015 . The second agreement provides revolving credit facilities of $ 3.0 billion, and expires on March 27, 2020 . Generally, amounts outstanding under this facility bear interest at a periodic fixed rate equal to LIBOR for the applicable interest period and currency denomination, plus an applicable margin. Alternatively, a fluctuating rate of interest equal to the highest of (1) JPMorgan Chase Bank’s publicly announced prime rate; (2) the Federal Funds effective rate plus 0.50% ; and (3) LIBOR for a one month interest period plus 1.00% , plus an applicable margin, may be used at our discretion. In each case, the applicable margin for advances bearing interest based on LIBOR is a percentage determined by quotations from Markit Group Ltd. for our 1-year credit default swap spread, interpolated for a period from the date of determination of such credit default swap spread in connection with a new interest period until the latest maturity date of this facility then in effect (but not less than a period of one year). The minimum applicable margin rate is 0.10% and the maximum applicable margin rate is 0.75% per annum. The applicable margin for advances bearing interest based on the prime rate is 1.00% below the applicable margin for LIBOR advances (but not less than 0.00% ). We are also able to request advances under this facility based on competitive bids. There were no amounts outstanding under this facility as of September 30, 2015 . Debt Covenants Our existing debt instruments and credit facilities subject us to certain financial covenants. As of September 30, 2015 and for all prior periods, we have satisfied these financial covenants. These covenants limit the amount of secured indebtedness that we may incur, and limit the amount of attributable debt in sale-leaseback transactions, to 10% of net tangible assets. As of September 30, 2015 , 10% of net tangible assets was equivalent to $2.217 billion; however, we have no covered sale-leaseback transactions or secured indebtedness outstanding. We do not expect these covenants to have a material impact on our financial condition or liquidity. Fair Value of Debt Based on the borrowing rates currently available to the Company for long-term debt with similar terms and maturities, the fair value of long-term debt, including current maturities, was approximately $ 15.697 and $ 12.257 billion as of September 30, 2015 and December 31, 2014 , respectively. We utilized Level 2 inputs in the fair value hierarchy of valuation techniques to determine the fair value of all of our debt instruments.

LEGAL PROCEEDINGS AND CONTINGEN

LEGAL PROCEEDINGS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
LEGAL PROCEEDINGS AND CONTINGENCIES	LEGAL PROCEEDINGS AND CONTINGENCIES We are involved in a number of judicial proceedings and other matters arising from the conduct of our business activities. Although there can be no assurance as to the ultimate outcome, we have generally denied, or believe we have a meritorious defense and will deny, liability in all litigation pending against us, including (except as otherwise noted herein) the matters described below, and we intend to defend vigorously each case. We have accrued for legal claims when, and to the extent that, amounts associated with the claims become probable and can be reasonably estimated. The actual costs of resolving legal claims may be substantially higher or lower than the amounts accrued for those claims. For those matters as to which we are not able to estimate a possible loss or range of loss, we are not able to determine whether the loss will have a material adverse effect on our business, financial condition or results of operations or liquidity. For matters in this category, we have indicated in the descriptions that follow the reasons that we are unable to estimate the possible loss or range of loss. Judicial Proceedings We are a defendant in a number of lawsuits filed in state and federal courts containing various class action allegations under state wage-and-hour laws. At this time, we do not believe that any loss associated with these matters would have a material adverse effect on our financial condition, results of operations or liquidity. UPS and our subsidiary The UPS Store, Inc., are defendants in Morgate v. The UPS Store, Inc. et al. an action in the Los Angeles Superior Court brought on behalf of a certified class of all franchisees who chose to rebrand their Mail Boxes Etc. franchises to The UPS Store in March 2003. Plaintiff alleges that UPS and The UPS Store, Inc. misrepresented and omitted facts to the class about the market tests that were conducted before offering the class the choice of whether to rebrand to The UPS Store. The court has scheduled a trial for February 2016, limited to the claim of the class representative. After that trial is complete, the court will consider how to proceed with respect to the claims of the other class members. There are multiple factors that prevent us from being able to estimate the amount of loss, if any, that may result from the remaining aspects of this case, including: (1) we are vigorously defending ourselves and believe we have a number of meritorious legal defenses; and (2) it remains uncertain what evidence of damages, if any, plaintiffs will be able to present. Accordingly, at this time, we are not able to estimate a possible loss or range of loss that may result from this matter or to determine whether such loss, if any, would have a material adverse effect on our financial condition, results of operations or liquidity. In AFMS LLC v. UPS and FedEx Corporation, a lawsuit filed in federal court in the Central District of California in August 2010, the plaintiff asserts that UPS and FedEx violated U.S. antitrust law by conspiring to refuse to negotiate with third-party negotiators retained by shippers and by individually imposing policies that prevent shippers from using such negotiators. UPS and FedEx have moved for summary judgment. The Court granted these motions on April 30, 2015, entered judgment in favor of UPS and FedEx, and dismissed the case. On May 21, 2015, plaintiff filed a notice of appeal to the Court of Appeals for the Ninth Circuit. The Antitrust Division of the U.S. Department of Justice (“DOJ”) has an open civil investigation of our policies and practices for dealing with third-party negotiators. We have cooperated with this investigation. We deny any liability with respect to these matters and intend to vigorously defend ourselves. There are multiple factors that prevent us from being able to estimate the amount of loss, if any, that may result from these matters including: (1) the DOJ investigation is pending; (2) the Court granted our motion for summary judgment; and (3) plaintiff has filed a notice of appeal. Accordingly, at this time, we are not able to estimate a possible loss or range of loss that may result from these matters or to determine whether such loss, if any, would have a material adverse effect on our financial condition, results of operations or liquidity. In Canada, four purported class-action cases were filed against us in British Columbia (2006); Ontario (2007) and Québec (2006 and 2013). The cases each allege inadequate disclosure concerning the existence and cost of brokerage services provided by us under applicable provincial consumer protection legislation and infringement of interest restriction provisions under the Criminal Code of Canada. The British Columbia class action was declared inappropriate for certification and dismissed by the trial judge. That decision was upheld by the British Columbia Court of Appeal in March 2010, which ended the case in our favor. The Ontario class action was certified in September 2011. Partial summary judgment was granted to us and the plaintiffs by the Ontario motions court. The complaint under the Criminal Code was dismissed. No appeal is being taken from that decision. The allegations of inadequate disclosure were granted and we are appealing that decision. The motion to authorize the 2006 Québec litigation as a class action was dismissed by the motions judge in October 2012; there was no appeal, which ended that case in our favor. The 2013 Québec litigation also has been dismissed. We deny all liability and are vigorously defending the one outstanding case in Ontario. There are multiple factors that prevent us from being able to estimate the amount of loss, if any, that may result from this matter, including: (1) we are vigorously defending ourselves and believe that we have a number of meritorious legal defenses; and (2) there are unresolved questions of law and fact that could be important to the ultimate resolution of this matter. Accordingly, at this time, we are not able to estimate a possible loss or range of loss that may result from this matter or to determine whether such loss, if any, would have a material adverse effect on our financial condition, results of operations or liquidity. Other Matters In January 2008, a class action complaint was filed in the United States District Court for the Eastern District of New York alleging price-fixing activities relating to the provision of freight forwarding services. UPS was not named in this case. In July 2009, the plaintiffs filed a First Amended Complaint naming numerous global freight forwarders as defendants. UPS and UPS Supply Chain Solutions are among the 60 defendants named in the amended complaint. After two rounds of motions to dismiss, in October 2014, UPS entered into a settlement agreement with the plaintiffs to settle the remaining claims asserted against UPS for an immaterial amount. The court granted preliminary approval of the settlement on December 16, 2014. The settlement is subject to final court approval, which is currently scheduled to be considered by the Court in November 2015. In August 2010, competition authorities in Brazil opened an administrative proceeding to investigate alleged anticompetitive behavior in the freight forwarding industry. Approximately 45 freight forwarding companies and individuals are named in the proceeding, including UPS, UPS SCS Transportes (Brasil) S.A., and a former employee in Brazil. UPS submitted its written defenses to these allegations in April 2014. We are cooperating with the Brazil investigation, and intend to continue to vigorously defend ourselves. There are multiple factors that prevent us from being able to estimate the amount of loss, if any, that may result from this matter including: (1) we are vigorously defending the matter and believe that we have a number of meritorious legal defenses; (2) there are unresolved questions of law that could be of importance to the ultimate resolutions of this matter, including the calculation of any potential fine; and (3) there is uncertainty about the time period that is the subject of the investigation. Accordingly, at this time, we are not able to estimate a possible loss or range of loss that may result from this matter or to determine whether such loss, if any, would have a material adverse effect on our financial condition, results of operations or liquidity. In January 2014, we received a Civil Investigative Demand from the DOJ seeking documents related to possible damages under the False Claims Act ("FCA") in connection with delivery services provided to government customers where guaranteed commitment times allegedly were not met. The General Services Administration - Office of Inspector General had previously sought similar documents. We also have been contacted by multiple states requesting this information. The Company cooperated with these inquiries and has reached agreements with the DOJ and a group of state and local governments to resolve all of their respective claims. The terms of the settlements did not have a material adverse effect on our financial condition, results of operations or liquidity. In February 2015, the State and City of New York filed suit against UPS in the U.S. District Court for the Southern District of New York, arising from alleged shipments of cigarettes to New York State and City residents. The complaint asserts claims under various federal and state laws. The complaint also includes a claim that UPS violated the Assurance of Discontinuance it entered into with the New York Attorney General in 2005 concerning cigarette deliveries. In September 2015, the Court granted in part UPS’s motion to dismiss, dismissing some of plaintiffs’ claims but permitting others to proceed. Discovery is ongoing. There are multiple factors that prevent us from being able to estimate the amount of loss, if any, that may result from this case, including: (1) we are vigorously defending ourselves and believe we have a number of meritorious factual and legal defenses; and (2) it remains uncertain what evidence of their claims and damages, if any, plaintiffs will be able to present. Accordingly, at this time, we are not able to estimate a possible loss or range of loss that may result from this matter or to determine whether such loss, if any, would have a material adverse effect on our financial condition, results of operations or liquidity. We are a defendant in various other lawsuits that arose in the normal course of business. We do not believe that the eventual resolution of these other lawsuits (either individually or in the aggregate), including any reasonably possible losses in excess of current accruals, will have a material adverse effect on our financial condition, results of operations or liquidity.

SHAREOWNERS' EQUITY

SHAREOWNERS' EQUITY	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
SHAREOWNERS' EQUITY	SHAREOWNERS' EQUITY Capital Stock, Additional Paid-In Capital and Retained Earnings We maintain two classes of common stock, which are distinguished from each other primarily by their respective voting rights. Class A shares are entitled to 10 votes per share, whereas class B shares are entitled to one vote per share. Class A shares are primarily held by UPS employees and retirees, and these shares are fully convertible on a one-to-one basis into class B shares at any time. Class B shares are publicly traded on the New York Stock Exchange under the symbol “UPS”. Class A and B shares both have a $0.01 par value, and as of September 30, 2015 , there were 4.6 billion class A shares and 5.6 billion class B shares authorized to be issued. Additionally, there are 200 million preferred shares, with a $0.01 par value, authorized to be issued; as of September 30, 2015 , no preferred shares had been issued. The following is a rollforward of our common stock, additional paid-in capital and retained earnings accounts for the nine months ended September 30, 2015 and 2014 (in millions, except per share amounts): 2015 2014 Shares Dollars Shares Dollars Class A Common Stock Balance at beginning of period 201 $ 2 212 $ 2 Common stock purchases (3 ) — (4 ) — Stock award plans 4 — 4 — Common stock issuances 2 — 2 — Conversions of class A to class B common stock (8 ) — (11 ) — Class A shares issued at end of period 196 $ 2 203 $ 2 Class B Common Stock Balance at beginning of period 705 $ 7 712 $ 7 Common stock purchases (17 ) — (17 ) — Conversions of class A to class B common stock 8 — 11 — Class B shares issued at end of period 696 $ 7 706 $ 7 Additional Paid-In Capital Balance at beginning of period $ — $ — Stock award plans 391 359 Common stock purchases (567 ) (630 ) Common stock issuances 245 218 Option premiums received (paid) (69 ) 53 Balance at end of period $ — $ — Retained Earnings Balance at beginning of period $ 5,726 $ 6,925 Net income attributable to common shareowners 3,513 2,579 Dividends ($2.19 and $2.01 per share) (2,000 ) (1,863 ) Common stock purchases (1,468 ) (1,412 ) Balance at end of period $ 5,771 $ 6,229 In total, we repurchased 20.2 million shares of class A and class B common stock for $2.035 billion during the nine months ended September 30, 2015 , and 20.6 million shares for $2.042 billion during the nine months ended September 30, 2014 . In February 2013, the Board of Directors approved a new share repurchase authorization of $10.0 billion, which has no expiration date. As of September 30, 2015 , we had $2.117 billion of this share repurchase authorization available. From time to time, we enter into share repurchase programs with large financial institutions to assist in our buyback of company stock. These programs allow us to repurchase our shares at a price below the weighted average UPS share price for a given period. During the third quarter of 2015, we entered into an accelerated share repurchase program which allowed us to repurchase 3.9 million shares for $ 400 million. The program was completed in September 2015. In order to lower the average cost of acquiring shares in our ongoing share repurchase program, we periodically enter into structured repurchase agreements involving the use of capped call options for the purchase of UPS class B shares. We pay a fixed sum of cash upon execution of each agreement in exchange for the right to receive either a pre-determined amount of cash or stock. Upon expiration of each agreement, if the closing market price of our common stock is above the pre-determined price, we will have our initial investment returned with a premium in either cash or shares (at our election). If the closing market price of our common stock is at or below the pre-determined price, we will receive the number of shares specified in the agreement. We received (paid) net premiums of $(69) and $53 million during the first nine months of 2015 and 2014 , respectively, related to entering into and settling capped call options for the purchase of class B shares. As of September 30, 2015 , we had outstanding options for the purchase of 2.6 million shares, with a weighted average strike price of $ 88.49 per share, that will settle in the fourth quarter of 2015 and first quarter of 2016. Accumulated Other Comprehensive Income (Loss) We experience activity in AOCI for unrealized holding gains and losses on available-for-sale securities, foreign currency translation adjustments, unrealized gains and losses from derivatives that qualify as hedges of cash flows and unrecognized pension and postretirement benefit costs. The activity in AOCI for the nine months ended September 30, 2015 and 2014 is as follows (in millions): 2015 2014 Foreign currency translation gain (loss): Balance at beginning of period $ (457 ) $ (126 ) Translation adjustment (net of tax effect of $0 and $11) (344 ) (248 ) Balance at end of period (801 ) (374 ) Unrealized gain (loss) on marketable securities, net of tax: Balance at beginning of period — (1 ) Current period changes in fair value (net of tax effect of $1 and $1) 1 1 Reclassification to earnings (no tax impact in either period) — — Balance at end of period 1 — Unrealized gain (loss) on cash flow hedges, net of tax: Balance at beginning of period 61 (219 ) Current period changes in fair value (net of tax effect of $71 and $77) 119 129 Reclassification to earnings (net of tax effect of $(67) and $24) (113 ) 40 Balance at end of period 67 (50 ) Unrecognized pension and postretirement benefit costs, net of tax: Balance at beginning of period (3,198 ) (114 ) Reclassification to earnings (net of tax effect of $51 and $447) 80 742 Remeasurement of plan assets and liabilities (net of tax effect of $0 and $(488)) — (815 ) Balance at end of period (3,118 ) (187 ) Accumulated other comprehensive income (loss) at end of period $ (3,851 ) $ (611 ) Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three and nine months ended September 30, 2015 and 2014 is as follows (in millions): Three Months Ended September 30: Amount Reclassified from AOCI Affected Line Item in the Income Statement 2015 2014 Unrealized gain (loss) on marketable securities: Realized gain (loss) on sale of securities $ — $ — Investment income Income tax (expense) benefit — — Income tax expense Impact on net income — — Net income Unrealized gain (loss) on cash flow hedges: Interest rate contracts (6 ) (6 ) Interest expense Foreign exchange contracts — (43 ) Interest expense Foreign exchange contracts 67 (11 ) Revenue Income tax (expense) benefit (22 ) 23 Income tax expense Impact on net income 39 (37 ) Net income Unrecognized pension and postretirement benefit costs: Prior service costs (44 ) (44 ) Compensation and benefits Settlement and curtailment loss — — Compensation and benefits Remeasurement of benefit obligation — — Compensation and benefits Income tax (expense) benefit 16 17 Income tax expense Impact on net income (28 ) (27 ) Net income Total amount reclassified for the period $ 11 $ (64 ) Net income Nine Months Ended September 30: Amount Reclassified from AOCI Affected Line Item in the Income Statement 2015 2014 Unrealized gain (loss) on marketable securities: Realized gain (loss) on sale of securities $ — $ — Investment income Income tax (expense) benefit — — Income tax expense Impact on net income — — Net income Unrealized gain (loss) on cash flow hedges: Interest rate contracts (18 ) (17 ) Interest expense Foreign exchange contracts (25 ) (15 ) Interest expense Foreign exchange contracts 223 (32 ) Revenue Income tax (expense) benefit (67 ) 24 Income tax expense Impact on net income 113 (40 ) Net income Unrecognized pension and postretirement benefit costs: Prior service costs (131 ) (123 ) Compensation and benefits Settlement and curtailment loss — (320 ) Compensation and benefits Remeasurement of benefit obligation — (746 ) Compensation and benefits Income tax (expense) benefit 51 447 Income tax expense Impact on net income (80 ) (742 ) Net income Total amount reclassified for the period $ 33 $ (782 ) Net income Deferred Compensation Obligations and Treasury Stock Activity in the deferred compensation program for the nine months ended September 30, 2015 and 2014 is as follows (in millions): 2015 2014 Shares Dollars Shares Dollars Deferred Compensation Obligations: Balance at beginning of period $ 59 $ 69 Reinvested dividends 3 2 Benefit payments (11 ) (12 ) Balance at end of period $ 51 $ 59 Treasury Stock: Balance at beginning of period (1 ) $ (59 ) (1 ) $ (69 ) Reinvested dividends — (3 ) — (2 ) Benefit payments — 11 — 12 Balance at end of period (1 ) $ (51 ) (1 ) $ (59 ) Noncontrolling Interests: We have noncontrolling interests in certain consolidated subsidiaries in our International Package and Supply Chain & Freight segments. Noncontrolling interests increased $2 and $3 million for the nine months ended September 30, 2015 and 2014 , respectively, mainly due to noncontrolling interests associated with acquisitions during the period.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We report our operations in three segments: U.S. Domestic Package operations, International Package operations and Supply Chain & Freight operations. Package operations represent our most significant business and are broken down into regional operations around the world. Regional operations managers are responsible for both domestic and export operations within their geographic area. U.S. Domestic Package Domestic Package operations include the time-definite delivery of letters, documents and packages throughout the United States. International Package International Package operations include delivery to more than 220 countries and territories worldwide, including shipments wholly outside the United States, as well as U.S. export and U.S. import shipments. Our International Package reporting segment includes the operations of our Europe, Asia, Americas and ISMEA (Indian Subcontinent, Middle East and Africa) operating segments. Supply Chain & Freight Supply Chain & Freight includes the operations of our forwarding, logistics, Coyote and freight operating segments, as well as other businesses. Our forwarding, logistics and Coyote units, provide services in more than 195 countries and territories worldwide, and includes supply chain design and management, freight distribution, customs brokerage, truckload freight brokerage, mail and consulting services. UPS Freight offers a variety of less-than-truckload (“LTL”) and truckload (“TL”) services to customers in North America. Other business units within this segment include The UPS Store and UPS Capital. In evaluating financial performance, we focus on operating profit as a segment’s measure of profit or loss. Operating profit is before investment income, interest expense and income taxes. The accounting policies of the reportable segments are the same as those described in the summary of accounting policies included in the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2014 , with certain expenses allocated between the segments using activity-based costing methods. Unallocated assets are comprised primarily of cash, marketable securities and investments in limited partnerships. Segment information for the three and nine months ended September 30, 2015 and 2014 is as follows (in millions): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Revenue: U.S. Domestic Package $ 8,860 $ 8,691 $ 26,482 $ 25,847 International Package 2,959 3,183 8,974 9,562 Supply Chain & Freight 2,418 2,416 6,853 6,928 Consolidated $ 14,237 $ 14,290 $ 42,309 $ 42,337 Operating Profit: U.S. Domestic Package $ 1,258 $ 1,279 $ 3,483 $ 2,415 International Package 507 460 1,557 1,342 Supply Chain & Freight 219 215 577 457 Consolidated $ 1,984 $ 1,954 $ 5,617 $ 4,214

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (in millions, except per share amounts): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Numerator: Net income attributable to common shareowners $ 1,257 $ 1,214 $ 3,513 $ 2,579 Denominator: Weighted average shares 893 911 898 916 Deferred compensation obligations 1 1 1 1 Vested portion of restricted units 1 1 2 1 Denominator for basic earnings per share 895 913 901 918 Effect of dilutive securities: Restricted units 7 8 6 8 Stock options 1 1 1 1 Denominator for diluted earnings per share 903 922 908 927 Basic earnings per share $ 1.40 $ 1.33 $ 3.90 $ 2.81 Diluted earnings per share $ 1.39 $ 1.32 $ 3.87 $ 2.78 Diluted earnings per share for the three months ended September 30, 2015 and 2014 excluded the effect of 0.2 and 0.1 million shares of common stock, respectively ( 0.2 and 0.1 million for the nine months ended September 30, 2015 and 2014 , respectively), that may be issued upon the exercise of employee stock options because such effect would be antidilutive.

DERIVATIVE INSTRUMENTS AND RISK

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT	DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT Risk Management Policies We are exposed to market risk, primarily related to foreign exchange rates, commodity prices and interest rates. These exposures are actively monitored by management. To manage the volatility relating to certain of these exposures, we enter into a variety of derivative financial instruments. Our objective is to reduce, where it is deemed appropriate to do so, fluctuations in earnings and cash flows associated with changes in foreign currency rates, commodity prices and interest rates. It is our policy and practice to use derivative financial instruments only to the extent necessary to manage exposures. As we use price sensitive instruments to hedge a certain portion of our existing and anticipated transactions, we expect that any loss in value for those instruments generally would be offset by increases in the value of those hedged transactions. We do not hold or issue derivative financial instruments for trading or speculative purposes. Credit Risk Management The forward contracts, swaps and options discussed below contain an element of risk that the counterparties may be unable to meet the terms of the agreements; however, we minimize such risk exposures for these instruments by limiting the counterparties to banks and financial institutions that meet established credit guidelines, and by monitoring counterparty credit risk to prevent concentrations of credit risk with any single counterparty. We have agreements with all of our active counterparties (covering the majority of our derivative positions) containing early termination rights and/or zero threshold bilateral collateral provisions whereby cash is required based on the net fair value of derivatives associated with those counterparties. Events such as a counterparty credit rating downgrade (depending on the ultimate rating level) could also allow us to take additional protective measures such as the early termination of trades. At September 30, 2015 and December 31, 2014 , we held cash collateral of $ 737 and $ 548 million, respectively, under these agreements; this collateral is included in "cash and cash equivalents" on the consolidated balance sheets and its use by UPS is not restricted. In connection with the zero threshold bilateral collateral provisions described above, we were required to post $ 0 and $ 1 million in collateral with our counterparties as of September 30, 2015 and December 31, 2014 , respectively. As of those dates, there were no instruments in a net liability position that were not covered by the zero threshold bilateral collateral provisions. Additionally, in connection with the agreements described above, we could be required to terminate transactions with certain counterparties in the event of a downgrade of our credit rating. We have not historically incurred, and do not expect to incur in the future, any losses as a result of counterparty default. Accounting Policy for Derivative Instruments We recognize all derivative instruments as assets or liabilities in the consolidated balance sheets at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the derivative, based upon the exposure being hedged, as a cash flow hedge, a fair value hedge or a hedge of a net investment in a foreign operation. A cash flow hedge refers to hedging the exposure to variability in expected future cash flows that is attributable to a particular risk. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative instrument is reported as a component of AOCI, and reclassified into earnings in the same period during which the hedged transaction affects earnings. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item, or hedge components excluded from the assessment of effectiveness, are recognized in the statements of consolidated income during the current period. A fair value hedge refers to hedging the exposure to changes in the fair value of an existing asset or liability on the consolidated balance sheets that is attributable to a particular risk. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument is recognized in the statements of consolidated income during the current period, as well as the offsetting gain or loss on the hedged item. A net investment hedge refers to the use of cross currency swaps, forward contracts or foreign currency denominated debt to hedge portions of our net investments in foreign operations. For hedges that meet the effectiveness requirements, the net gains or losses attributable to changes in spot exchange rates are recorded in the cumulative translation adjustment within AOCI. The remainder of the change in value of such instruments is recorded in earnings. Types of Hedges Commodity Risk Management Currently, the fuel surcharges that we apply to our domestic and international package and LTL services are the primary means of reducing the risk of adverse fuel price changes on our business. We periodically enter into option contracts on energy commodity products to manage the price risk associated with forecasted transactions involving refined fuels, principally jet-A, diesel and unleaded gasoline. The objective of the hedges is to reduce the variability of cash flows, due to changing fuel prices, associated with the forecasted transactions involving those products. We have designated and account for these contracts as cash flow hedges of the underlying forecasted transactions involving these fuel products and, therefore, the resulting gains and losses from these hedges are recognized as a component of fuel expense or revenue when the underlying transactions occur. Foreign Currency Risk Management To protect against the reduction in value of forecasted foreign currency cash flows from our international package business, we maintain a foreign currency cash flow hedging program. Our most significant foreign currency exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar. We hedge portions of our forecasted revenue denominated in foreign currencies with option contracts. We have designated and account for these contracts as cash flow hedges of anticipated foreign currency denominated revenue and, therefore, the resulting gains and losses from these hedges are recognized as a component of international package revenue when the underlying sales transactions occur. We also hedge portions of our anticipated cash settlements of intercompany transactions subject to foreign currency remeasurement using foreign currency forward contracts. We have designated and account for these contracts as cash flow hedges of forecasted foreign currency denominated transactions; therefore, the resulting gains and losses from these hedges are recognized as a component of other operating expense when the underlying transactions are subject to currency remeasurement. Interest Rate Risk Management Our indebtedness under our various financing arrangements creates interest rate risk. We use a combination of derivative instruments as part of our program to manage the fixed and floating interest rate mix of our total debt portfolio and related overall cost of borrowing. The notional amount, interest payment date and maturity date of the swaps match the terms of the associated debt being hedged. Interest rate swaps allow us to maintain a target range of floating rate debt within our capital structure. We have designated and account for the majority of our interest rate swaps that convert fixed rate interest payments into floating rate interest payments as hedges of the fair value of the associated debt instruments. Therefore, the gains and losses resulting from fair value adjustments to the interest rate swaps and fair value adjustments to the associated debt instruments are recorded to interest expense in the period in which the gains and losses occur. We have designated and account for interest rate swaps that convert floating rate interest payments into fixed rate interest payments as cash flow hedges of the forecasted payment obligations. The gains and losses resulting from fair value adjustments to the interest rate swaps are recorded to AOCI. We periodically hedge the forecasted fixed-coupon interest payments associated with anticipated debt offerings, using forward starting interest rate swaps, interest rate locks or similar derivatives. These agreements effectively lock a portion of our interest rate exposure between the time the agreement is entered into and the date when the debt offering is completed, thereby mitigating the impact of interest rate changes on future interest expense. These derivatives are settled commensurate with the issuance of the debt, and any gain or loss upon settlement is amortized as an adjustment to the effective interest yield on the debt. Outstanding Positions As of September 30, 2015 and December 31, 2014 , the notional amounts of our outstanding derivative positions were as follows (in millions): September 30, 2015 December 31, 2014 Currency hedges: British Pound Sterling GBP 1,223 GBP 1,149 Canadian Dollar CAD 252 CAD 293 Euro EUR 1,842 EUR 2,833 Indian Rupee INR 205 INR 85 Malaysian Ringgit MYR — MYR 150 Mexican Peso MXN 2,571 MXN 152 Interest rate hedges: Fixed to Floating Interest Rate Swaps $ 5,799 $ 5,799 Floating to Fixed Interest Rate Swaps $ 779 $ 779 Interest Rate Basis Swaps $ — $ 1,500 Investment market price hedges: Marketable Securities EUR 251 EUR — Balance Sheet Recognition and Fair Value Measurements The following table indicates the location on the consolidated balance sheets in which our derivative assets and liabilities have been recognized, the fair value hierarchy level applicable to each derivative type and the related fair values of those derivatives (in millions). The table is segregated between those derivative instruments that qualify and are designated as hedging instruments and those that are not, as well as by type of contract and whether the derivative is in an asset or liability position. We have master netting arrangements with substantially all of our counterparties giving us the right of offset for our derivative positions. However, we have not elected to offset the fair value positions of our derivative contracts recorded on our consolidated balance sheets. The columns labeled "Net Amounts if Right of Offset had been Applied" indicate the potential net fair value positions by type of contract and location on the consolidated balance sheets had we elected to apply the right of offset. Fair Value Hierarchy Level Gross Amounts Presented in Consolidated Balance Sheets Net Amounts if Right of Offset had been Applied Asset Derivatives Balance Sheet Location September 30, December 31, September 30, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current assets Level 2 $ 357 $ 204 $ 357 $ 204 Foreign exchange contracts Derivative assets Level 2 109 229 109 229 Interest rate contracts Derivative assets Level 2 275 227 262 194 Derivatives not designated as hedges: Foreign exchange contracts Other current assets Level 2 5 2 5 2 Interest rate contracts Derivative assets Level 2 71 59 64 57 Total Asset Derivatives $ 817 $ 721 $ 797 $ 686 Fair Value Hierarchy Level Gross Amounts Presented in Consolidated Balance Sheets Net Amounts if Right of Offset had been Applied Liability Derivatives Balance Sheet Location September 30, December 31, September 30, December 31, Derivatives designated as hedges: Foreign exchange contracts Other non-current liabilities Level 2 $ — $ 34 $ — $ 34 Interest rate contracts Other non-current liabilities Level 2 13 35 — 2 Derivatives not designated as hedges: Foreign exchange contracts Other current liabilities Level 2 3 — 3 — Interest rate contracts Other current liabilities Level 2 — 1 — 1 Investment market price contracts Other current liabilities Level 2 36 — 36 — Interest rate contracts Other non-current liabilities Level 2 25 7 18 5 Total Liability Derivatives $ 77 $ 77 $ 57 $ 42 Our foreign currency, interest rate and investment market price derivatives are largely comprised of over-the-counter derivatives, which are primarily valued using pricing models that rely on market observable inputs such as yield curves, currency exchange rates and investment forward prices; therefore, these derivatives are classified as Level 2. Income Statement and AOCI Recognition The following table indicates the amount of gains and losses that have been recognized in AOCI for the three and nine months ended September 30, 2015 and 2014 for those derivatives designated as cash flow hedges (in millions): Three Months Ended September 30: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2015 2014 Interest rate contracts $ (1 ) $ — Foreign exchange contracts 44 277 Total $ 43 $ 277 Nine Months Ended September 30: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2015 2014 Interest rate contracts $ (1 ) $ (3 ) Foreign exchange contracts 191 209 Total $ 190 $ 206 As of September 30, 2015 , $ 305 million of pre-tax gains related to cash flow hedges that are currently deferred in AOCI are expected to be reclassified to income over the 12 month period ended September 30, 2016 . The actual amounts that will be reclassified to income over the next 12 months will vary from this amount as a result of changes in market conditions. The maximum term over which we are hedging exposures to the variability of cash flow is 17 years. The amount of ineffectiveness recognized in income on derivative instruments designated in cash flow hedging relationships was immaterial for the three and nine months ended September 30, 2015 and 2014 . The following table indicates the amount and location in the statements of consolidated income in which derivative gains and losses, as well as the associated gains and losses on the underlying exposure, have been recognized for those derivatives designated as fair value hedges for the three and nine months ended September 30, 2015 and 2014 (in millions): Derivative Instruments in Fair Value Hedging Relationships Location of Gain (Loss) Recognized in Income Derivative Amount of Gain (Loss) Recognized in Income Hedged Items in Fair Value Hedging Relationships Location of Gain (Loss) Recognized In Income Hedged Items Amount of Gain (Loss) Recognized in Income 2015 2014 2015 2014 Three Months Ended September 30: Interest rate contracts Interest Expense $ 80 $ (49 ) Fixed-Rate Debt and Capital Leases Interest Expense $ (80 ) $ 49 Nine Months Ended September 30: Interest rate contracts Interest Expense $ 71 $ 34 Fixed-Rate Debt and Capital Leases Interest Expense $ (71 ) $ (34 ) Additionally, we maintain some interest rate swap, foreign currency forward, and investment market price forward contracts that are not designated as hedges. These interest rate swap contracts are intended to provide an economic hedge of a portfolio of interest bearing receivables. These foreign exchange forward contracts are intended to provide an economic offset to foreign currency remeasurement and settlement risk for certain assets and liabilities on our consolidated balance sheets. These investment market price forward contracts are intended to provide an economic offset to fair value fluctuations of certain investments in marketable securities. We also periodically terminate interest rate swaps and foreign currency options by entering into offsetting swap and foreign currency positions with different counterparties. As part of this process, we de-designate our original swap and foreign currency contracts. These transactions provide an economic offset that effectively eliminate the effects of changes in market valuation. The following is a summary of the amounts recorded in the statements of consolidated income related to fair value changes and settlements of these interest rate swaps, foreign currency forward and investment market price forward contracts not designated as hedges for the three and nine months ended September 30, 2015 and 2014 (in millions): Derivative Instruments Not Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income 2015 2014 Three Months Ended September 30: Interest rate contracts Interest Expense $ (2 ) $ (1 ) Foreign exchange contracts Other Operating Expenses 2 24 Foreign exchange contracts Investment Income 14 (5 ) Foreign exchange contracts Interest Expense (30 ) — Investment market price contracts Investment Income (27 ) — $ (43 ) $ 18 Nine Months Ended September 30: Interest rate contracts Interest Expense $ (5 ) $ (4 ) Foreign exchange contracts Other Operating Expenses 18 20 Foreign exchange contracts Investment Income 49 (3 ) Foreign exchange contracts Interest Expense 6 — Investment market price contracts Investment Income (36 ) — $ 32 $ 13

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our effective tax rate decreased to 34.0% in the third quarter of 2015 compared with 35.0% in the same period of 2014 , primarily due to $ 23 million of net discrete tax benefits related to adjustments of prior years' deferred tax balances, the U.S. tax liability accrual associated with a planned distribution of cash from a Canadian subsidiary to its U.S. parent and increases in our reserves for uncertain tax positions. In addition, there were favorable changes in the proportion of our taxable income in certain U.S. and non-U.S. jurisdictions and an increase in U.S. Federal and state tax credits relative to total pre-tax income. On a year-to-date basis, our effective tax rate decreased to 34.6% in 2015 from 35.1% in 2014 , primarily due to the $1.066 billion pre-tax charge associated with certain health and welfare benefit plan changes (see note 6), which generated a tax benefit at a rate higher than the effective tax rate in 2014, favorable changes in the proportion of our taxable income in certain U.S. and non-U.S. jurisdictions, an increase in U.S. Federal and state tax credits relative to total pre-tax income and the $ 23 million of net discrete tax benefits described above. During the reconciliation of our deferred tax balances after the filing of our annual federal and state tax returns, we identified adjustments to be made in the prior years’ deferred tax balances. These deferred tax balances were adjusted in the quarter ended September 30, 2015, which resulted in a reduction of income tax expense of approximately $66 million . This adjustment was not material to the consolidated balance sheets or statements of consolidated income. In relation to our acquisition of Coyote Logistics (see note 8), we plan to distribute approximately $500 million of cash held by a Canadian subsidiary to its U.S. parent during the fourth quarter of 2015. As a result of the intended distribution, we recorded income tax expense of approximately $21 million during the third quarter of 2015. For undistributed earnings remaining in our foreign subsidiaries after the distribution that have not been previously taxed, we have the ability and intent to indefinitely reinvest those earnings and accordingly, deferred taxes have not been provided. As discussed in our Annual Report on Form 10-K for the year ended December 31, 2014 , we have recognized liabilities for uncertain tax positions. We reevaluate these uncertain tax positions on a quarterly basis. A number of years may elapse before an uncertain tax position is audited and ultimately settled. It is difficult to predict the ultimate outcome or the timing of resolution for uncertain tax positions. It is reasonably possible that the amount of unrecognized tax benefits could significantly increase or decrease within the next twelve months. However, an estimate of the range of reasonably possible outcomes cannot be made. Items that may cause changes to unrecognized tax benefits include the timing of interest deductions and the allocation of income and expense between tax jurisdictions. These changes could result from the settlement of ongoing litigation, the completion of ongoing examinations, the expiration of the statute of limitations or other unforeseen circumstances.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation In our opinion, the accompanying interim, unaudited, consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. These consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly our financial position as of September 30, 2015 , our results of operations for the three and nine months ended September 30, 2015 and 2014 , and cash flows for the nine months ended September 30, 2015 and 2014 . The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. The interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014 . For interim consolidated financial statement purposes, we provide for accruals under our various employee benefit plans and self-insurance reserves for each three month period based on one quarter of the estimated annual expense. Certain prior year amounts have been reclassified to conform to the current year presentation. These reclassifications had no impact on our financial position or results of operations.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying amounts of our cash and cash equivalents, accounts receivable, finance receivables and accounts payable approximate fair value as of September 30, 2015 . The fair values of our investment securities are disclosed in note 4 , recognized multiemployer pension withdrawal liabilities are disclosed in note 6 , our short and long-term debt in note 9 and our derivative instruments in note 14 . We utilized Level 1 inputs in the fair value hierarchy of valuation techniques to determine the fair value of our cash and cash equivalents, and Level 2 inputs to determine the fair value of our accounts receivable, finance receivables and accounts payable.
Accounting Estimates	Accounting Estimates The preparation of the accompanying interim, unaudited, consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best information and actual results could differ materially from those estimates.
Change in Accounting Methodology	The preparation of the accompanying interim, unaudited, consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best information and actual results could differ materially from those estimates.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Fair Value of Employee Stock Options Granted and Determined by Black-Scholes Valuation Model Assumptions	The weighted average fair value of our employee stock options granted, as determined by the Black-Scholes valuation model, was $18.07 and $ 20.48 for 2015 and 2014 , respectively, using the following assumptions: 2015 2014 Expected life (in years) 7.5 7.5 Risk-free interest rate 2.07 % 2.40 % Expected volatility 20.61 % 24.26 % Expected dividend yield 2.63 % 2.56 %

INVESTMENTS AND RESTRICTED CA24

INVESTMENTS AND RESTRICTED CASH (Tables)	9 Months Ended
	Sep. 30, 2015
Marketable Securities [Abstract]
Available-for-sale Securities	The following is a summary of marketable securities classified as trading and available-for-sale as of September 30, 2015 and December 31, 2014 (in millions): Cost Unrealized Gains Unrealized Losses Estimated Fair Value September 30, 2015: Current trading marketable securities: Corporate debt securities $ 1,049 $ — $ — $ 1,049 Other investment securities 410 36 — 446 Total trading marketable securities $ 1,459 $ 36 $ — $ 1,495 Current available-for-sale marketable securities: U.S. government and agency debt securities $ 327 $ 2 $ — $ 329 Mortgage and asset-backed debt securities 77 — — 77 Corporate debt securities 339 1 (1 ) 339 Other investment securities 8 — — 8 Total available-for-sale marketable securities $ 751 $ 3 $ (1 ) $ 753 Total current marketable securities $ 2,210 $ 39 $ (1 ) $ 2,248 Cost Unrealized Gains Unrealized Losses Estimated Fair Value December 31, 2014: Current trading marketable securities: Corporate debt securities $ 388 $ — $ — $ 388 Other investment securities 42 — — 42 Total trading marketable securities $ 430 $ — $ — $ 430 Current available-for-sale marketable securities: U.S. government and agency debt securities $ 321 $ 1 $ (1 ) $ 321 Mortgage and asset-backed debt securities 89 1 (1 ) 89 Corporate debt securities 146 — — 146 Other investment securities 6 — — 6 Total available-for-sale marketable securities $ 562 $ 2 $ (2 ) $ 562 Total current marketable securities $ 992 $ 2 $ (2 ) $ 992
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of marketable securities at September 30, 2015 , by contractual maturity, are shown below (in millions). Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties. Cost Estimated Fair Value Due in one year or less $ 1,423 $ 1,423 Due after one year through three years 420 421 Due after three years through five years 14 15 Due after five years 71 71 1,928 1,930 Equity and other investment securities 282 318 $ 2,210 $ 2,248
Fair Value, Assets Measured on Recurring Basis	The following table presents information about our investments measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 , and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value (in millions): Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance September 30, 2015: Marketable Securities: U.S. government and agency debt securities $ 329 $ — $ — $ 329 Mortgage and asset-backed debt securities — 77 — 77 Corporate debt securities — 1,388 — 1,388 Other debt, equity and investment securities — 454 — 454 Total marketable securities 329 1,919 — 2,248 Other non-current investments 19 — 40 59 Total $ 348 $ 1,919 $ 40 $ 2,307 December 31, 2014: Marketable Securities: U.S. government and agency debt securities $ 321 $ — $ — $ 321 Mortgage and asset-backed debt securities — 89 — 89 Corporate debt securities — 534 — 534 Other debt, equity and investment securities — 48 — 48 Total marketable securities 321 671 — 992 Other non-current investments 19 — 64 83 Total $ 340 $ 671 $ 64 $ 1,075
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents the changes in the above Level 3 instruments measured on a recurring basis for the three months ended September 30, 2015 and 2014 (in millions): Marketable Securities Other Non-Current Investments Total Balance on July 1, 2015 $ — $ 48 $ 48 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (8 ) (8 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2015 $ — $ 40 $ 40 Marketable Securities Other Non-Current Investments Total Balance on July 1, 2014 $ — $ 95 $ 95 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (11 ) (11 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2014 $ — $ 84 $ 84 Marketable Securities Other Investments Total Balance on January 1, 2015 $ — 64 64 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (24 ) (24 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2015 $ — $ 40 $ 40 Marketable Securities Other Investments Total Balance on January 1, 2014 $ — 110 110 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (26 ) (26 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on September 30, 2014 $ — $ 84 $ 84

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment as of September 30, 2015 and December 31, 2014 consist of the following (in millions): 2015 2014 Vehicles $ 7,916 $ 7,542 Aircraft 15,813 15,801 Land 1,185 1,145 Buildings 3,214 3,276 Building and leasehold improvements 3,349 3,266 Plant equipment 7,764 7,649 Technology equipment 1,690 1,608 Equipment under operating leases 30 34 Construction-in-progress 475 299 41,436 40,620 Less: Accumulated depreciation and amortization (23,273 ) (22,339 ) $ 18,163 $ 18,281

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures	Information about net periodic benefit cost for our company-sponsored pension and postretirement benefit plans is as follows for the three and nine months ended September 30, 2015 and 2014 (in millions): U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2015 2014 2015 2014 2015 2014 Three Months Ended September 30: Service cost $ 382 $ 284 $ 8 $ 12 $ 12 $ 10 Interest cost 423 401 30 33 11 12 Expected return on assets (622 ) (564 ) (5 ) (6 ) (15 ) (15 ) Amortization of: Transition obligation — — — — — — Prior service cost 42 42 2 1 — 1 Other net (gain) loss — — — — — — Actuarial (gain) loss — — — — — — Settlement and curtailment loss — — — — — — Net periodic benefit cost $ 225 $ 163 $ 35 $ 40 $ 8 $ 8 U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2015 2014 2015 2014 2015 2014 Nine Months Ended September 30: Service cost $ 1,145 $ 853 $ 25 $ 51 $ 37 $ 37 Interest cost 1,270 1,203 91 119 33 38 Expected return on assets (1,866 ) (1,693 ) (13 ) (18 ) (46 ) (45 ) Amortization of: Transition obligation — — — — — — Prior service cost 126 127 4 (2 ) 1 (2 ) Other net (gain) loss — — — — — — Actuarial (gain) loss — — — 746 — — Settlement and curtailment loss — — — 320 — — Net periodic benefit cost $ 675 $ 490 $ 107 $ 1,216 $ 25 $ 28

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table indicates the allocation of goodwill by reportable segment as of September 30, 2015 and December 31, 2014 (in millions): U.S. Domestic Package International Package Supply Chain & Freight Consolidated December 31, 2014: $ — $ 449 $ 1,735 $ 2,184 Acquired 709 — 609 1,318 Currency / Other — (23 ) (37 ) (60 ) September 30, 2015: $ 709 $ 426 $ 2,307 $ 3,442
Schedule of Intangible Assets (Excluding Goodwill)	The following is a summary of intangible assets as of September 30, 2015 and December 31, 2014 (in millions): Gross Carrying Amount Accumulated Amortization Net Carrying Value September 30, 2015: Capitalized software $ 2,672 $ (1,979 ) $ 693 Licenses 214 (163 ) 51 Franchise rights 122 (81 ) 41 Customer relationships 513 (22 ) 491 Trademarks, patents, and other 261 (14 ) 247 Total Intangible Assets, Net $ 3,782 $ (2,259 ) $ 1,523 December 31, 2014: Capitalized software $ 2,641 $ (1,997 ) $ 644 Licenses 217 (133 ) 84 Franchise rights 117 (77 ) 40 Customer relationships 123 (66 ) 57 Trademarks, patents, and other 31 (9 ) 22 Total Intangible Assets, Net $ 3,129 $ (2,282 ) $ 847

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of Estimated Fair Values of Assets and Liabilities Acquired	The purchase price allocation for acquired companies can be modified for up to one year from the date of acquisition. Coyote Assets Acquired and (Liabilities) Assumed As of Acquisition Date (in millions) Cash and cash equivalents $ 19 Accounts receivable 249 Current deferred income tax assets 11 Other current assets 2 Property, plant, and equipment 17 Goodwill 1,246 Intangible assets 658 Restricted cash and non-current marketable securities 2 Accounts payable and other current liabilities (134 ) Non-current deferred income tax liability (215 ) Other non-current liabilities (2 ) Total purchase price $ 1,853

DEBT AND FINANCING ARRANGEMEN29

DEBT AND FINANCING ARRANGEMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The carrying value of our outstanding debt as of September 30, 2015 and December 31, 2014 consists of the following (in millions): Principal Amount Carrying Value Maturity 2015 2014 Commercial paper $ 4,402 2015 $ 4,401 $ 772 Fixed-rate senior notes: 1.125% senior notes 375 2017 374 370 5.50% senior notes 750 2018 798 802 5.125% senior notes 1,000 2019 1,082 1,076 3.125% senior notes 1,500 2021 1,641 1,617 2.45% senior notes 1,000 2022 1,006 977 6.20% senior notes 1,500 2038 1,482 1,481 4.875% senior notes 500 2040 489 489 3.625% senior notes 375 2042 368 367 8.375% Debentures: 8.375% debentures 424 2020 483 480 8.375% debentures 276 2030 283 283 Pound Sterling notes: 5.50% notes 101 2031 97 99 5.125% notes 690 2050 655 673 Floating rate senior notes 567 2049-2065 562 459 Capital lease obligations 431 2015-3005 431 505 Facility notes and bonds 420 2015-2045 420 320 Other debt 29 2015-2022 29 17 Total Debt $ 14,340 14,601 10,787 Less: Current Maturities (4,557 ) (923 ) Long-term Debt $ 10,044 $ 9,864

SHAREOWNERS' EQUITY (Tables)

SHAREOWNERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following is a rollforward of our common stock, additional paid-in capital and retained earnings accounts for the nine months ended September 30, 2015 and 2014 (in millions, except per share amounts): 2015 2014 Shares Dollars Shares Dollars Class A Common Stock Balance at beginning of period 201 $ 2 212 $ 2 Common stock purchases (3 ) — (4 ) — Stock award plans 4 — 4 — Common stock issuances 2 — 2 — Conversions of class A to class B common stock (8 ) — (11 ) — Class A shares issued at end of period 196 $ 2 203 $ 2 Class B Common Stock Balance at beginning of period 705 $ 7 712 $ 7 Common stock purchases (17 ) — (17 ) — Conversions of class A to class B common stock 8 — 11 — Class B shares issued at end of period 696 $ 7 706 $ 7 Additional Paid-In Capital Balance at beginning of period $ — $ — Stock award plans 391 359 Common stock purchases (567 ) (630 ) Common stock issuances 245 218 Option premiums received (paid) (69 ) 53 Balance at end of period $ — $ — Retained Earnings Balance at beginning of period $ 5,726 $ 6,925 Net income attributable to common shareowners 3,513 2,579 Dividends ($2.19 and $2.01 per share) (2,000 ) (1,863 ) Common stock purchases (1,468 ) (1,412 ) Balance at end of period $ 5,771 $ 6,229
Schedule of Accumulated Other Comprehensive Income (Loss)	The activity in AOCI for the nine months ended September 30, 2015 and 2014 is as follows (in millions): 2015 2014 Foreign currency translation gain (loss): Balance at beginning of period $ (457 ) $ (126 ) Translation adjustment (net of tax effect of $0 and $11) (344 ) (248 ) Balance at end of period (801 ) (374 ) Unrealized gain (loss) on marketable securities, net of tax: Balance at beginning of period — (1 ) Current period changes in fair value (net of tax effect of $1 and $1) 1 1 Reclassification to earnings (no tax impact in either period) — — Balance at end of period 1 — Unrealized gain (loss) on cash flow hedges, net of tax: Balance at beginning of period 61 (219 ) Current period changes in fair value (net of tax effect of $71 and $77) 119 129 Reclassification to earnings (net of tax effect of $(67) and $24) (113 ) 40 Balance at end of period 67 (50 ) Unrecognized pension and postretirement benefit costs, net of tax: Balance at beginning of period (3,198 ) (114 ) Reclassification to earnings (net of tax effect of $51 and $447) 80 742 Remeasurement of plan assets and liabilities (net of tax effect of $0 and $(488)) — (815 ) Balance at end of period (3,118 ) (187 ) Accumulated other comprehensive income (loss) at end of period $ (3,851 ) $ (611 )
Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings	Nine Months Ended September 30: Amount Reclassified from AOCI Affected Line Item in the Income Statement 2015 2014 Unrealized gain (loss) on marketable securities: Realized gain (loss) on sale of securities $ — $ — Investment income Income tax (expense) benefit — — Income tax expense Impact on net income — — Net income Unrealized gain (loss) on cash flow hedges: Interest rate contracts (18 ) (17 ) Interest expense Foreign exchange contracts (25 ) (15 ) Interest expense Foreign exchange contracts 223 (32 ) Revenue Income tax (expense) benefit (67 ) 24 Income tax expense Impact on net income 113 (40 ) Net income Unrecognized pension and postretirement benefit costs: Prior service costs (131 ) (123 ) Compensation and benefits Settlement and curtailment loss — (320 ) Compensation and benefits Remeasurement of benefit obligation — (746 ) Compensation and benefits Income tax (expense) benefit 51 447 Income tax expense Impact on net income (80 ) (742 ) Net income Total amount reclassified for the period $ 33 $ (782 ) Net income Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three and nine months ended September 30, 2015 and 2014 is as follows (in millions): Three Months Ended September 30: Amount Reclassified from AOCI Affected Line Item in the Income Statement 2015 2014 Unrealized gain (loss) on marketable securities: Realized gain (loss) on sale of securities $ — $ — Investment income Income tax (expense) benefit — — Income tax expense Impact on net income — — Net income Unrealized gain (loss) on cash flow hedges: Interest rate contracts (6 ) (6 ) Interest expense Foreign exchange contracts — (43 ) Interest expense Foreign exchange contracts 67 (11 ) Revenue Income tax (expense) benefit (22 ) 23 Income tax expense Impact on net income 39 (37 ) Net income Unrecognized pension and postretirement benefit costs: Prior service costs (44 ) (44 ) Compensation and benefits Settlement and curtailment loss — — Compensation and benefits Remeasurement of benefit obligation — — Compensation and benefits Income tax (expense) benefit 16 17 Income tax expense Impact on net income (28 ) (27 ) Net income Total amount reclassified for the period $ 11 $ (64 ) Net income
Schedule of Deferred Compensation and Treasury Stock Activity	Activity in the deferred compensation program for the nine months ended September 30, 2015 and 2014 is as follows (in millions): 2015 2014 Shares Dollars Shares Dollars Deferred Compensation Obligations: Balance at beginning of period $ 59 $ 69 Reinvested dividends 3 2 Benefit payments (11 ) (12 ) Balance at end of period $ 51 $ 59 Treasury Stock: Balance at beginning of period (1 ) $ (59 ) (1 ) $ (69 ) Reinvested dividends — (3 ) — (2 ) Benefit payments — 11 — 12 Balance at end of period (1 ) $ (51 ) (1 ) $ (59 )
Activity Related to Noncontrolling Interests	for the nine months ended September 30, 2015 and 2014 , respectively, mainly due to noncontrolling interests associated with acquisitions during the period.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Information	In evaluating financial performance, we focus on operating profit as a segment’s

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (in millions, except per share amounts): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Numerator: Net income attributable to common shareowners $ 1,257 $ 1,214 $ 3,513 $ 2,579 Denominator: Weighted average shares 893 911 898 916 Deferred compensation obligations 1 1 1 1 Vested portion of restricted units 1 1 2 1 Denominator for basic earnings per share 895 913 901 918 Effect of dilutive securities: Restricted units 7 8 6 8 Stock options 1 1 1 1 Denominator for diluted earnings per share 903 922 908 927 Basic earnings per share $ 1.40 $ 1.33 $ 3.90 $ 2.81 Diluted earnings per share $ 1.39 $ 1.32 $ 3.87 $ 2.78

DERIVATIVE INSTRUMENTS AND RI33

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of September 30, 2015 and December 31, 2014 , the notional amounts of our outstanding derivative positions were as follows (in millions): September 30, 2015 December 31, 2014 Currency hedges: British Pound Sterling GBP 1,223 GBP 1,149 Canadian Dollar CAD 252 CAD 293 Euro EUR 1,842 EUR 2,833 Indian Rupee INR 205 INR 85 Malaysian Ringgit MYR — MYR 150 Mexican Peso MXN 2,571 MXN 152 Interest rate hedges: Fixed to Floating Interest Rate Swaps $ 5,799 $ 5,799 Floating to Fixed Interest Rate Swaps $ 779 $ 779 Interest Rate Basis Swaps $ — $ 1,500 Investment market price hedges: Marketable Securities EUR 251 EUR —
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table indicates the location on the consolidated balance sheets in which our derivative assets and liabilities have been recognized, the fair value hierarchy level applicable to each derivative type and the related fair values of those derivatives (in millions). The table is segregated between those derivative instruments that qualify and are designated as hedging instruments and those that are not, as well as by type of contract and whether the derivative is in an asset or liability position. We have master netting arrangements with substantially all of our counterparties giving us the right of offset for our derivative positions. However, we have not elected to offset the fair value positions of our derivative contracts recorded on our consolidated balance sheets. The columns labeled "Net Amounts if Right of Offset had been Applied" indicate the potential net fair value positions by type of contract and location on the consolidated balance sheets had we elected to apply the right of offset. Fair Value Hierarchy Level Gross Amounts Presented in Consolidated Balance Sheets Net Amounts if Right of Offset had been Applied Asset Derivatives Balance Sheet Location September 30, December 31, September 30, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current assets Level 2 $ 357 $ 204 $ 357 $ 204 Foreign exchange contracts Derivative assets Level 2 109 229 109 229 Interest rate contracts Derivative assets Level 2 275 227 262 194 Derivatives not designated as hedges: Foreign exchange contracts Other current assets Level 2 5 2 5 2 Interest rate contracts Derivative assets Level 2 71 59 64 57 Total Asset Derivatives $ 817 $ 721 $ 797 $ 686 Fair Value Hierarchy Level Gross Amounts Presented in Consolidated Balance Sheets Net Amounts if Right of Offset had been Applied Liability Derivatives Balance Sheet Location September 30, December 31, September 30, December 31, Derivatives designated as hedges: Foreign exchange contracts Other non-current liabilities Level 2 $ — $ 34 $ — $ 34 Interest rate contracts Other non-current liabilities Level 2 13 35 — 2 Derivatives not designated as hedges: Foreign exchange contracts Other current liabilities Level 2 3 — 3 — Interest rate contracts Other current liabilities Level 2 — 1 — 1 Investment market price contracts Other current liabilities Level 2 36 — 36 — Interest rate contracts Other non-current liabilities Level 2 25 7 18 5 Total Liability Derivatives $ 77 $ 77 $ 57 $ 42
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The following table indicates the amount of gains and losses that have been recognized in AOCI for the three and nine months ended September 30, 2015 and 2014 for those derivatives designated as cash flow hedges (in millions): Three Months Ended September 30: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2015 2014 Interest rate contracts $ (1 ) $ — Foreign exchange contracts 44 277 Total $ 43 $ 277 Nine Months Ended September 30: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2015 2014 Interest rate contracts $ (1 ) $ (3 ) Foreign exchange contracts 191 209 Total $ 190 $ 206
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following is a summary of the amounts recorded in the statements of consolidated income related to fair value changes and settlements of these interest rate swaps, foreign currency forward and investment market price forward contracts not designated as hedges for the three and nine months ended September 30, 2015 and 2014 (in millions): Derivative Instruments Not Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income 2015 2014 Three Months Ended September 30: Interest rate contracts Interest Expense $ (2 ) $ (1 ) Foreign exchange contracts Other Operating Expenses 2 24 Foreign exchange contracts Investment Income 14 (5 ) Foreign exchange contracts Interest Expense (30 ) — Investment market price contracts Investment Income (27 ) — $ (43 ) $ 18 Nine Months Ended September 30: Interest rate contracts Interest Expense $ (5 ) $ (4 ) Foreign exchange contracts Other Operating Expenses 18 20 Foreign exchange contracts Investment Income 49 (3 ) Foreign exchange contracts Interest Expense 6 — Investment market price contracts Investment Income (36 ) — $ 32 $ 13 The following table indicates the amount and location in the statements of consolidated income in which derivative gains and losses, as well as the associated gains and losses on the underlying exposure, have been recognized for those derivatives designated as fair value hedges for the three and nine months ended September 30, 2015 and 2014 (in millions): Derivative Instruments in Fair Value Hedging Relationships Location of Gain (Loss) Recognized in Income Derivative Amount of Gain (Loss) Recognized in Income Hedged Items in Fair Value Hedging Relationships Location of Gain (Loss) Recognized In Income Hedged Items Amount of Gain (Loss) Recognized in Income 2015 2014 2015 2014 Three Months Ended September 30: Interest rate contracts Interest Expense $ 80 $ (49 ) Fixed-Rate Debt and Capital Leases Interest Expense $ (80 ) $ 49 Nine Months Ended September 30: Interest rate contracts Interest Expense $ 71 $ 34 Fixed-Rate Debt and Capital Leases Interest Expense $ (71 ) $ (34 )

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)$ / shares	Sep. 30, 2014USD ($)$ / shares	Sep. 30, 2015USD ($)Tranches$ / sharesshares	Sep. 30, 2014USD ($)$ / sharesshares	Aug. 18, 2015$ / shares	Mar. 30, 2015$ / shares	Mar. 26, 2015$ / shares	Feb. 05, 2015$ / shares
Stockholders Equity Note [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Cycle Period			3
Compensation expense for share-based awards recognized in net income, pre-tax | $	$ 124	$ 124	$ 452	$ 430
Employee Stock Option [Member]
Stockholders Equity Note [Line Items]
Grant price of stock options and RPU	$ 18.07	$ 20.48
Nonqualified Stock Options [Member]
Stockholders Equity Note [Line Items]
Percentage of the award vesting at each anniversary date of the grant			20.00%
Stock options granted | shares			0.2	0.1
Grant price of stock options and RPU			$ 101.93	$ 96.98
Award vesting period			5 years
Period from grant date to expiration			10 years
Long-Term Incentive Performance Award [Member]
Stockholders Equity Note [Line Items]
Closing New York Stock Exchange price							$ 96.64
Percentage of target restricted performance units award that will be divided into three substantially equal tranches in the three-year award cycle from 2011 to 2013			90.00%
Number of tranches included in award cycle | Tranches			3
Number of award tranches for each calendar year | Tranches			1
Remaining target award based upon our achievement of adjusted earnings per share for the year ending 2013 compared to a target established at the beginning of the award cycle			10.00%
Percentage of achievement used to determine RPUs earned of the target RPUs for each tranche			65.86%
Award vesting period			3 years
Management Incentive Award [Member]
Stockholders Equity Note [Line Items]
Percentage of the award vesting at each anniversary date of the grant			20.00%
Closing New York Stock Exchange price						$ 97.27		$ 101.46
Award vesting period			5 years
Minimum [Member] | Long-Term Incentive Performance Award [Member]
Stockholders Equity Note [Line Items]
Percentage of achievement used to determine RPUs earned of the target RPUs for each tranche			0.00%
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Stockholders Equity Note [Line Items]
Award vesting period	1 year
Maximum [Member] | Long-Term Incentive Performance Award [Member]
Stockholders Equity Note [Line Items]
Percentage of achievement used to determine RPUs earned of the target RPUs for each tranche			200.00%
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Stockholders Equity Note [Line Items]
Award vesting period	4 years
NEW YORK STOCK EXCHANGE, INC. [Member]
Stockholders Equity Note [Line Items]
Share Price					$ 102.76

Fair Value of Employee Stock Op

Fair Value of Employee Stock Options Granted as Determined by Black-Scholes Valuation Model Assumptions (Detail) - Nonqualified Stock Options [Member]	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Line Items]
Expected life (in years)	7 years 6 months	7 years 6 months
Risk-free interest rate	2.07%	2.40%
Expected volatility	20.61%	24.26%
Expected dividend yield	2.63%	2.56%

Summary of Marketable Securitie

Summary of Marketable Securities (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Schedule of Marketable Securities [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ 27	$ 0	$ 36	$ 0
Marketable Securities, Amortized Cost Basis	2,210		2,210		$ 992
Marketable Securities, Gross Unrealized Gain	39		39		2
Marketable Securities, Gross Unrealized Loss	(1)		(1)		(2)
Trading Securities	1,495		1,495		430
Total Estimated Fair Value	2,248		2,248		992
Available-for-sale Securities, Amortized Cost Basis	751		751		562
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	3		3		2
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(1)		(1)		(2)
Available-for-sale Securities, Current	753		753		562
Trading Securities, Short-term Investments, Amortized Cost	1,459		1,459		430
Trading Securities, Gross Unrealized Gain	36		36		0
Trading Securities, Gross Unrealized Loss	0		0		0
Other debt and equity securities
Schedule of Marketable Securities [Line Items]
Trading Securities	446		446		42
Available-for-sale Securities, Amortized Cost Basis	8		8		6
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		0		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0		0
Available-for-sale Securities, Current	8		8		6
Trading Securities, Short-term Investments, Amortized Cost	410		410		42
Trading Securities, Gross Unrealized Gain	36		36		0
Trading Securities, Gross Unrealized Loss	0		0		0
U.S. government and agency debt securities
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	327		327		321
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	2		2		1
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0		(1)
Available-for-sale Securities, Current	329		329		321
Mortgage and asset-backed debt securities
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	77		77		89
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		0		1
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0		(1)
Available-for-sale Securities, Current	77		77		89
Corporate debt securities
Schedule of Marketable Securities [Line Items]
Trading Securities	1,049		1,049		388
Available-for-sale Securities, Amortized Cost Basis	339		339		146
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1		1		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(1)		(1)		0
Available-for-sale Securities, Current	339		339		146
Trading Securities, Short-term Investments, Amortized Cost	1,049		1,049		388
Trading Securities, Gross Unrealized Gain	0		0		0
Trading Securities, Gross Unrealized Loss	$ 0		$ 0		$ 0

INVESTMENTS AND RESTRICTED CA37

INVESTMENTS AND RESTRICTED CASH - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Gain (Loss) on Investments [Line Items]
Restricted Cash and Cash Equivalents	$ 100		$ 100
Trading Securities, Change in Unrealized Holding Gain (Loss)	27	$ 0	36	$ 0
Trading Securities	1,495		1,495		$ 430
Restricted Cash and Investments, Noncurrent	483		$ 483		$ 489
Fair Value Inputs, Discount Rate			8.13%		7.81%
cash held in escrow [Member]
Gain (Loss) on Investments [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	22		$ 22		$ 28
Self-insurance requirements [Member]
Gain (Loss) on Investments [Line Items]
Restricted Cash and Investments, Noncurrent	442		442		442
Variable life insurance policy
Gain (Loss) on Investments [Line Items]
Restricted Cash and Investments, Noncurrent	$ 19		$ 19		$ 19

Amortized Cost and Estimated Fa

Amortized Cost and Estimated Fair Value of Marketable Securities by Contractual Maturity (Detail) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Cost
Due in one year or less	$ 1,423
Due after one year through three years	420
Due after three years through five years	14
Due after five years	71
Marketable Securities, Debt Maturities, Amortized Cost, Total	1,928
Equity securities	282
Total Amortized Cost	2,210	$ 992
Estimated Fair Value
Due in one year or less	1,423
Due after one year through three years	421
Due after three years through five years	15
Due after five years	71
Marketable Securities, Debt Maturities, Fair Value, Total	1,930
Equity securities	318
Total Estimated Fair Value	$ 2,248	$ 992

Investments Measured at Fair Va

Investments Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 2,307	$ 1,075
Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,248	992
Marketable securities | U.S. government and agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	329	321
Marketable securities | Mortgage and asset-backed debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	77	89
Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,388	534
Marketable securities | Other debt and equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	454	48
Other Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	59	83
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	348	340
Fair Value, Inputs, Level 1 | Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	329	321
Fair Value, Inputs, Level 1 | Marketable securities | U.S. government and agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	329	321
Fair Value, Inputs, Level 1 | Marketable securities | Mortgage and asset-backed debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 1 | Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 1 | Marketable securities | Other debt and equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 1 | Other Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	19	19
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,919	671
Fair Value, Inputs, Level 2 | Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,919	671
Fair Value, Inputs, Level 2 | Marketable securities | U.S. government and agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 2 | Marketable securities | Mortgage and asset-backed debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	77	89
Fair Value, Inputs, Level 2 | Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,388	534
Fair Value, Inputs, Level 2 | Marketable securities | Other debt and equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	454	48
Fair Value, Inputs, Level 2 | Other Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	40	64
Fair Value, Inputs, Level 3 | Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | U.S. government and agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | Mortgage and asset-backed debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | Other debt and equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Other Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 40	$ 64

Changes in Level 3 Instruments

Changes in Level 3 Instruments Measured on a Recurring Basis (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 48	$ 95	$ 64	$ 110
Transfers into (out of) Level 3	0	0	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	(8)	(11)	(24)	(26)
Included in accumulated other comprehensive income (pre-tax)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Ending Balance	40	84	40	84
Marketable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	0	0	0	0
Transfers into (out of) Level 3	0	0	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	0	0	0	0
Included in accumulated other comprehensive income (pre-tax)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Ending Balance	0	0	0	0
Other Long-term Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	48	95	64	110
Transfers into (out of) Level 3	0	0	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	(8)	(11)	(24)	(26)
Included in accumulated other comprehensive income (pre-tax)	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Ending Balance	$ 40	$ 84	$ 40	$ 84

Property Plant and Equipment (D

Property Plant and Equipment (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 41,436,000,000		$ 41,436,000,000		$ 40,620,000,000
Less: Accumulated depreciation and amortization	(23,273,000,000)		(23,273,000,000)		(22,339,000,000)
Property, plant and equipment, net	18,163,000,000		18,163,000,000		18,281,000,000
Impairment charges on property plant and equipment	0	$ 0	0	$ 0
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	7,916,000,000		7,916,000,000		7,542,000,000
Aircraft (including aircraft under capital leases) [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	15,813,000,000		15,813,000,000		15,801,000,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,185,000,000		1,185,000,000		1,145,000,000
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,214,000,000		3,214,000,000		3,276,000,000
Building and leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,349,000,000		3,349,000,000		3,266,000,000
Plant Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	7,764,000,000		7,764,000,000		7,649,000,000
Technology equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,690,000,000		1,690,000,000		1,608,000,000
Equipment under operating leases [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	30,000,000		30,000,000		34,000,000
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 475,000,000		$ 475,000,000		$ 299,000,000

Net Periodic Benefit Cost for P

Net Periodic Benefit Cost for Pension and Postretirement Benefit Plans (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
U.S. Pension Benefits
Net Periodic Cost:
Service cost	$ 382	$ 284	$ 1,145	$ 853
Interest cost	423	401	1,270	1,203
Expected return on assets	(622)	(564)	(1,866)	(1,693)
Amortization of:
Transition obligation	0	0	0	0
Prior service cost	42	42	126	127
Other net (gain) loss	0	0	0	0
Actuarial (gain) loss	0	0	0	0
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	0	0	0	0
Net periodic benefit cost	225	163	675	490
U.S. Postretirement Medical Benefits
Net Periodic Cost:
Service cost	8	12	25	51
Interest cost	30	33	91	119
Expected return on assets	(5)	(6)	(13)	(18)
Amortization of:
Transition obligation	0	0	0	0
Prior service cost	2	1	4	(2)
Other net (gain) loss	0	0	0	0
Actuarial (gain) loss	0	0	0	746
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	0	0	0	320
Net periodic benefit cost	35	40	107	1,216
International Pension Benefits
Net Periodic Cost:
Service cost	12	10	37	37
Interest cost	11	12	33	38
Expected return on assets	(15)	(15)	(46)	(45)
Amortization of:
Transition obligation	0	0	0	0
Prior service cost	0	1	1	(2)
Other net (gain) loss	0	0	0	0
Actuarial (gain) loss	0	0	0	0
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	0	0	0	0
Net periodic benefit cost	$ 8	$ 8	$ 25	$ 28

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2015USD ($)Employees	Dec. 31, 2014USD ($)Employees	Sep. 30, 2014USD ($)Employee	Jun. 30, 2014USD ($)	Sep. 30, 2015USD ($)Employees	Sep. 30, 2014USD ($)Employee
Defined Benefit Plan Disclosure [Line Items]
Number of employees under a national master agreement and various supplemental agreements with local unions affiliated with Teamsters | Employees		270,000
Remittance of retroactive economic benefits			$ 278		$ 5	$ 101
Full-time employees affected by change in healthcare benefits | Employee			36,000			36,000
part-time employees affected by changes in healthcare benefits | Employee			73,000			73,000
Employees Covered by Other Collective Bargaining Agreements | Employee			16,000			16,000
Majority of ground mechanics not employed under agreements | Employees	3,100				3,100
Settlement of postretirement benefit obligation				$ 2,271	$ 0	$ (1,995)
Multiemployer Plans, Payment Term					47 years
Number of pilots under a collective bargaining agreement with the Independent Pilots Association | Employees	2,600				2,600
Health and Welfare Plan Changes, After Tax Charges			$ 665
Cash transferred			2,271			2,271
Cash Tax Benefits Received		$ 291	563
Change In Post-Retirement Benefit and AOCI			13			13
International Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount contributed to company- sponsored benefit plans					$ 66
Estimated future employer contributions to defined benefit plan, current fiscal year					1.054
U.S. Postretirement Medical Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount contributed to company- sponsored benefit plans					$ 81
Estimated future employer contributions to defined benefit plan, current fiscal year					23
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments	$ 0		0		$ 0	$ (320)
Multiemployer Plans, Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Withdrawal Obligation, Present Value	873	878			873
Multi-employer Plans, Withdrawal Obligation, Fair Value Disclosure	$ 854	$ 913			$ 854
National Master Agreement (NMA) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			1,066
partial plan curtailment [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			(112)
remeasurement of postretirement obligation [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			(746)
defined benefit plan settlement losses [Member] | National Master Agreement (NMA) [Domain]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			$ (208)

Allocation of Goodwill by Repor

Allocation of Goodwill by Reportable Segment (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 2,184
Acquired	1,318
Currency / Other	(60)
Ending balance	3,442
U.S. Domestic Package
Goodwill [Roll Forward]
Beginning balance	0
Acquired	709
Currency / Other	0
Ending balance	709
International Package
Goodwill [Roll Forward]
Beginning balance	449
Acquired	0
Currency / Other	(23)
Ending balance	426
Supply Chain & Freight
Goodwill [Roll Forward]
Beginning balance	1,735
Acquired	609
Currency / Other	(37)
Ending balance	$ 2,307

Summary of Intangible Assets (D

Summary of Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,782	$ 3,129
Accumulated Amortization	(2,259)	(2,282)
Net Carrying Value	1,523	847
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,672	2,641
Accumulated Amortization	(1,979)	(1,997)
Net Carrying Value	693	644
Licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	214	217
Accumulated Amortization	(163)	(133)
Net Carrying Value	51	84
Franchise rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	122	117
Accumulated Amortization	(81)	(77)
Net Carrying Value	41	40
Customer lists
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	513	123
Accumulated Amortization	(22)	(66)
Net Carrying Value	491	57
Trademarks, patents, and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	261	31
Accumulated Amortization	(14)	(9)
Net Carrying Value	247	$ 22
Coyote Logistics [Member]
Finite-Lived Intangible Assets [Line Items]
Increase (Decrease) in Intangible Assets, Current	$ 658

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	9 Months Ended
	Aug. 31, 2015	Aug. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill recognized			$ 3,442	$ 2,184
Coyote Logistics [Member]
Business Acquisition [Line Items]
Goodwill recognized	$ 1,246	$ 1,246
Intangible assets acquired	658	658
Consideration to be paid for business acquisition	1,853
Acquisition related costs			17
Supply Chain & Freight
Business Acquisition [Line Items]
Goodwill recognized			2,307	1,735
Supply Chain & Freight | Coyote Logistics [Member]
Business Acquisition [Line Items]
Goodwill recognized	537	537
U.S. Domestic Package
Business Acquisition [Line Items]
Goodwill recognized			$ 709	$ 0
U.S. Domestic Package | Coyote Logistics [Member]
Business Acquisition [Line Items]
Goodwill recognized	709	709
Customer lists | Coyote Logistics [Member]
Business Acquisition [Line Items]
Intangible assets acquired	426	$ 426
Amortization period of intangible assets acquired		10 years
Noncompete Agreements [Member] | Coyote Logistics [Member]
Business Acquisition [Line Items]
Intangible assets acquired	27	$ 27
Amortization period of intangible assets acquired		4 years
Trademarks [Member] | Coyote Logistics [Member]
Business Acquisition [Line Items]
Intangible assets acquired	$ 200	$ 200

BUSINESS COMBINATIONS - Fair Va

BUSINESS COMBINATIONS - Fair Value of Assets and Liabilities Acquired (Details) - USD ($) $ in Millions	Sep. 30, 2015	Aug. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 3,442		$ 2,184
Coyote Logistics [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 19
Accounts receivable		249
Current deferred income tax assets		11
Other current assets		2
Property, plant, and equipment		17
Goodwill		1,246
Intangible assets		658
Restricted cash and non-current marketable securities		2
Accounts payable and other current liabilities		(134)
Non-current deferred income tax liability		(215)
Other non-current liabilities		(2)
Total purchase price		1,853
U.S. Domestic Package
Business Acquisition [Line Items]
Goodwill	$ 709		$ 0
U.S. Domestic Package | Coyote Logistics [Member]
Business Acquisition [Line Items]
Goodwill		$ 709

Carrying Value of Outstanding D

Carrying Value of Outstanding Debt (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 14,340
Total Debt	14,601	$ 10,787
Less current maturities	(4,557)	(923)
Long-Term Debt	10,044	9,864
Commercial Paper
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 4,402
Maturity - Minimum Date	Dec. 31, 2015
Maturity - Maximum Date	Dec. 31, 2015
Total Debt	$ 4,401	772
Senior notes | 5.50% stated rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750
Maturity - Maximum Date	Jan. 15, 2018
Debt instrument, stated interest rate	5.50%
Total Debt	$ 798	802
Senior notes | 5.125% stated rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000
Maturity - Maximum Date	Apr. 15, 2019
Debt instrument, stated interest rate	5.125%
Total Debt	$ 1,082	1,076
Senior notes | Debentures 8 Point 375 Percent Due 2030 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	276
Total Debt	283	283
Senior notes | 3.125% stated rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
Maturity - Maximum Date	Jan. 15, 2021
Debt instrument, stated interest rate	3.125%
Total Debt	$ 1,641	1,617
Senior notes | 6.20% stated rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
Maturity - Maximum Date	Jan. 15, 2038
Debt instrument, stated interest rate	6.20%
Total Debt	$ 1,482	1,481
Senior notes | 4.875% stated rate
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500
Maturity - Maximum Date	Nov. 15, 2040
Debt instrument, stated interest rate	4.875%
Total Debt	$ 489	489
Senior notes | A1125SeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 375
Maturity - Maximum Date	Oct. 1, 2017
Debt instrument, stated interest rate	1.125%
Total Debt	$ 374	370
Senior notes | 2.45% senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000
Maturity - Maximum Date	Oct. 1, 2022
Debt instrument, stated interest rate	2.45%
Total Debt	$ 1,006	977
Senior notes | 3.625% senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 375
Maturity - Maximum Date	Oct. 1, 2042
Debt instrument, stated interest rate	3.625%
Total Debt	$ 368	367
Senior notes | Debentures 8 Point 375 Percent Due 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	424
Total Debt	483	480
Senior notes | Floating rate senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 567
Maturity - Minimum Date	Jan. 1, 2049
Maturity - Maximum Date	Jan. 1, 2064
Total Debt	$ 562	459
Capital Lease Obligations
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 431
Maturity - Minimum Date	Dec. 31, 2015
Maturity - Maximum Date	Jan. 1, 3005
Total Debt	$ 431	505
Pound Sterling notes
Debt Instrument [Line Items]
Maturity - Minimum Date	Jan. 1, 2031
Maturity - Maximum Date	Jan. 1, 2050
Pound Sterling notes | Pound Sterling Notes 5 Point 5 Percent [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 101
Total Debt	97	99
Pound Sterling notes | Pound Sterling Notes 5 Point 13 Percent [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	690
Total Debt	$ 655	673
Debentures | 8.375% debentures due 2030 [Member]
Debt Instrument [Line Items]
Maturity - Maximum Date	Jan. 1, 2030
Debt instrument, stated interest rate	8.375%
Debentures | 8.375% debentures due 2020 [Member]
Debt Instrument [Line Items]
Maturity - Minimum Date	Jan. 1, 2020
Debt instrument, stated interest rate	8.375%
Facility notes and bonds
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 420
Maturity - Minimum Date	Jan. 1, 2015
Maturity - Maximum Date	Jan. 1, 2036
Total Debt	$ 420	320
Other debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 29
Maturity - Minimum Date	Jan. 1, 2015
Maturity - Maximum Date	Jan. 1, 2022
Total Debt	$ 29	$ 17

DEBT AND FINANCING ARRANGEMEN49

DEBT AND FINANCING ARRANGEMENTS - Additional Information (Detail) £ in Millions, $ in Millions, € in Billions	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)Credit_Agreements	Sep. 30, 2015USD ($)Credit_Agreements	Sep. 30, 2015USD ($)Credit_Agreements	Sep. 30, 2015GBP (£)Credit_Agreements	Sep. 30, 2015EUR (€)Credit_Agreements	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Face value of debt instrument	$ 14,340	$ 14,340	$ 14,340
Number of credit agreements | Credit_Agreements	2	2	2	2	2
Covenants limit, amount of secured indebtedness and debt in sale-leaseback transactions, percentage of net tangible assets	10.00%	10.00%	10.00%	10.00%	10.00%
Covenants that limit the amount of secured indebtedness and amount of attributable debt in sale-leaseback transactions, net tangible assets amount	$ 2,217	$ 2,217	$ 2,217
Sale-lease back outstanding	0	0	0
Secured debt outstanding	0	0	0
Long-term debt fair value	15,697	15,697	15,697			$ 12,257
U.S. Commercial Paper Program
Debt Instrument [Line Items]
Commercial paper program, authorized to borrow	10,000	10,000	10,000
Total debt	$ 4,060	$ 4,060	$ 4,060
Debt, weighted average interest rate	0.14%	0.14%	0.14%	0.14%	0.14%
Foreign Commercial Paper Program
Debt Instrument [Line Items]
Commercial paper program, authorized to borrow | €					€ 5
Total debt	$ 342	$ 342	$ 342	£ 225
Debt, weighted average interest rate	0.50%	0.50%	0.50%	0.50%	0.50%
Revolving Credit Facility Expiring In 2015 [Member]
Debt Instrument [Line Items]
Revolving credit facilities	$ 1,500	$ 1,500	$ 1,500
Maturity			Mar. 26, 2016
Applicable margin for base rate below LIBOR	1.00%	1.00%	1.00%	1.00%	1.00%
Revolving Credit Facility Expiring In 2017
Debt Instrument [Line Items]
Revolving credit facilities	$ 3,000	$ 3,000	$ 3,000
Maturity			Mar. 27, 2020
Applicable margin for base rate below LIBOR	1.00%	1.00%	1.00%	1.00%	1.00%
Revolving Credit Facility Expiring In 2017 | Minimum [Member]
Debt Instrument [Line Items]
Applicable margin for base rate below LIBOR	0.00%	0.00%	0.00%	0.00%	0.00%
Senior notes | A1125SeniorNotes [Member]
Debt Instrument [Line Items]
Face value of debt instrument	$ 375	$ 375	$ 375
Debt instrument, stated interest rate	1.125%	1.125%	1.125%	1.125%	1.125%
Senior notes | 2.45% senior notes [Member]
Debt Instrument [Line Items]
Face value of debt instrument	$ 1,000	$ 1,000	$ 1,000
Debt instrument, stated interest rate	2.45%	2.45%	2.45%	2.45%	2.45%
Senior notes | 3.625% senior notes [Member]
Debt Instrument [Line Items]
Face value of debt instrument	$ 375	$ 375	$ 375
Debt instrument, stated interest rate	3.625%	3.625%	3.625%	3.625%	3.625%
Bonds | $100M Bonds Due 2045 [Member]
Debt Instrument [Line Items]
Face value of debt instrument	$ 100	$ 100	$ 100
LIBOR rate | Revolving Credit Facility Expiring In 2015 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Applicable margin rates			0.10%
LIBOR rate | Revolving Credit Facility Expiring In 2015 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Applicable margin rates			0.75%
LIBOR rate | Revolving Credit Facility Expiring In 2017
Debt Instrument [Line Items]
Applicable margin rates			1.00%
LIBOR rate | Revolving Credit Facility Expiring In 2017 | Minimum [Member]
Debt Instrument [Line Items]
Applicable margin rates			0.10%
LIBOR rate | Revolving Credit Facility Expiring In 2017 | Maximum [Member]
Debt Instrument [Line Items]
Applicable margin rates			0.75%
Citibank base rate | Revolving Credit Facility Expiring In 2015 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Applicable margin rates			0.00%
Citibank base rate | Revolving Credit Facility Expiring In 2015 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Applicable margin rates			1.00%
Federal Funds Rate | Revolving Credit Facility Expiring In 2015 [Member]
Debt Instrument [Line Items]
Applicable margin rates		0.50%
Federal Funds Rate | Revolving Credit Facility Expiring In 2017
Debt Instrument [Line Items]
Applicable margin rates			0.50%
LIBOR | Senior notes | $56M Floating Rate Senior Notes Maturing 2065
Debt Instrument [Line Items]
Applicable margin rates	30.00%
LIBOR | Senior notes | $46M Floating Rate Senior Notes Maturing 2065
Debt Instrument [Line Items]
Applicable margin rates	0.30%
LIBOR | Senior notes
Debt Instrument [Line Items]
Face value of debt instrument	$ 104	$ 104	$ 104

LEGAL PROCEEDINGS AND CONTING50

LEGAL PROCEEDINGS AND CONTINGENCIES (Loss Contingencies) (Details)	1 Months Ended	24 Months Ended
	Aug. 31, 2010Freight_Forwarding_Companies	Dec. 31, 2007Cases
Loss Contingencies [Line Items]
Number of Freight Forwarding Companies	45
Loss Contingency, New Claims Filed, Number | Cases		4

LEGAL PROCEEDINGS AND CONTING51

LEGAL PROCEEDINGS AND CONTINGENCIES (Details)	1 Months Ended		9 Months Ended	24 Months Ended
	Aug. 31, 2010Freight_Forwarding_Companies	Jul. 31, 2009Defendants	Sep. 30, 2015Cases	Dec. 31, 2007Cases
Commitments and Contingencies Disclosure [Abstract]
Number of Freight Forwarding Companies | Freight_Forwarding_Companies	45
Number of Defendants | Defendants		60
Loss Contingency, New Claims Filed, Number				4
Number of Outstanding Cases			1

SHAREOWNERS' EQUITY - Additiona

SHAREOWNERS' EQUITY - Additional Information (Detail) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)VoteClasses_of_Common_Stock$ / sharesshares	Sep. 30, 2015USD ($)Vote$ / sharesshares	Sep. 30, 2014USD ($)shares	Feb. 14, 2013USD ($)
Stockholders Equity Note [Line Items]
Classes of Common Stock, Number | Classes_of_Common_Stock	2
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, par value | $ / shares	$ 0.01	$ 0.01
Preferred stock, issued	0	0
Total of Class A and Class B common stock, repurchased, value | $		$ 2,035	$ 2,042
Common stock authorized for purchase, amount | $				$ 10,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $	$ 2,117	$ 2,117
Common stock purchases		20,200,000	20,600,000
Noncontrolling Interest, Period Increase (Decrease) | $		$ 2	$ 3
Class A common stock
Stockholders Equity Note [Line Items]
Votes per common share | Vote	10	10
Common stock, par value | $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized	4,600,000,000	4,600,000,000
Total of Class A and Class B common stock, repurchased, value | $		$ 0	$ 0
Common stock purchases		3,000,000	4,000,000
Class B common stock
Stockholders Equity Note [Line Items]
Votes per common share | Vote	1	1
Common stock, par value | $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized	5,600,000,000	5,600,000,000
Total of Class A and Class B common stock, repurchased, value | $		$ 0	$ 0
Common stock purchases		17,000,000	17,000,000
Options Held [Member]
Stockholders Equity Note [Line Items]
Option premiums received (paid) | $		$ 69	$ (53)
Option Indexed to Issuer's Equity, Shares			2,600,000
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ / shares		$ 88.49
accelerated share repurchase program [Domain]
Stockholders Equity Note [Line Items]
Total of Class A and Class B common stock, repurchased, value | $	$ 400
Common stock purchases	3,900,000

Roll-forward of Common Stock, A

Roll-forward of Common Stock, Additional Paid-in Capital, and Retained Earnings Accounts (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Roll Forward]
Common stock purchases			(20.2)	(20.6)
Balance at beginning of period			$ 2,141
Net income	$ 1,257	$ 1,214	3,513	$ 2,579
Common stock purchases			(2,035)	$ (2,042)
Balance at end of period	$ 1,929		$ 1,929
Class A common stock
Stockholders Equity Note [Roll Forward]
Balance at beginning of period			201	212
Common stock purchases			(3)	(4)
Stock award plans			4	4
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures			$ 0	$ 0
Common stock issuances			2	2
Conversions of Class A to Class B common stock			(8)	(11)
Stock Issued During Period, Value, Conversion of Convertible Securities			$ 0	$ 0
Balance at end of period	196	203	196	203
Balance at beginning of period			$ 2	$ 2
Common stock issuances			0	0
Common stock purchases			0	0
Balance at end of period	$ 2	$ 2	$ 2	$ 2
Class B common stock
Stockholders Equity Note [Roll Forward]
Balance at beginning of period			705	712
Common stock purchases			(17)	(17)
Conversions of Class A to Class B common stock			(8)	(11)
Stock Issued During Period, Value, Conversion of Convertible Securities			$ 0	$ 0
Balance at end of period	696	706	696	706
Balance at beginning of period			$ 7	$ 7
Common stock purchases			0	0
Balance at end of period	$ 7	$ 7	7	7
Additional Paid-in Capital
Stockholders Equity Note [Roll Forward]
Balance at beginning of period			0	0
Stock award plans			391	359
Common stock issuances			245	218
Option premiums received (paid)			(69)	53
Common stock purchases			(567)	(630)
Balance at end of period	0	0	0	0
Retained Earnings
Stockholders Equity Note [Roll Forward]
Balance at beginning of period			5,726	6,925
Net income			3,513	2,579
Dividends ($0.57 and $0.52 per share)			(2,000)	(1,863)
Common stock purchases			(1,468)	(1,412)
Balance at end of period	$ 5,771	$ 6,229	$ 5,771	$ 6,229
Common stock, cash paid for dividends, per share			$ 2.19	$ 2.01
Options Held [Member]
Stockholders Equity Note [Roll Forward]
Option premiums received (paid)			$ (69)	$ 53

Activity in Accumulated Other C

Activity in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			$ (3,594)
Aggregate adjustment for the period (net of tax effect of $0 and $(9))	$ (141)	$ (251)	(344)	$ (248)
Current period changes in fair value (net of tax effect of $0, and $2)	0	(1)	1	1
Current period changes in fair value (net of tax effect of $(25) and $(32))	(11)	210	6	169
Balance at end of period	(3,851)	(611)	(3,851)	(611)
Foreign currency translation gain (loss):
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			(457)	(126)
Aggregate adjustment for the period (net of tax effect of $0 and $(9))			(344)	(248)
Balance at end of period	(801)	(374)	(801)	(374)
Unrealized gain (loss) on marketable securities, net of tax:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			0	(1)
Current period changes in fair value (net of tax effect of $0, and $2)			1	1
Reclassification to earnings (net of tax effect of $(1) and $(4))			0	0
Balance at end of period	1	0	1	0
Unrealized gain (loss) on cash flow hedges, net of tax:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			61	(219)
Current period changes in fair value (net of tax effect of $(25) and $(32))			119	129
Reclassification to earnings (net of tax effect of $0 and $(6))			(113)	40
Balance at end of period	67	(50)	67	(50)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			(3,198)	(114)
Reclassification to earnings (net of tax effect of $16 and $28)			80	742
Balance at end of period	$ (3,118)	$ (187)	(3,118)	(187)
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Net of Tax			$ 0	$ (815)

Activity in Accumulated Other55

Activity in Accumulated Other Comprehensive Income (Loss) (Phantoms) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (3,851)	$ (611)	$ (3,851)	$ (611)	$ (3,594)
Change in foreign currency translation adjustment, net of tax	(141)	(251)	(344)	(248)
Foreign currency translation gain (loss):
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(801)	(374)	(801)	(374)	(457)	$ (126)
Change in foreign currency translation adjustment, net of tax			(344)	(248)
Aggregate adjustment for the period, tax			0	11
Unrealized gain (loss) on marketable securities, net of tax:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	1	0	1	0	0	(1)
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax			0	0
Current period changes in fair value, tax effect			1	1
Reclassification to earnings, tax effect			0	0
Unrealized gain (loss) on cash flow hedges, net of tax:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	67	(50)	67	(50)	61	(219)
Current period changes in fair value, tax effect			71	77
Reclassification to earnings, tax effect			(67)	24
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (3,118)	$ (187)	(3,118)	(187)	$ (3,198)	$ (114)
Reclassification to earnings, tax effect			51	447
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Tax			$ 0	$ (488)

Activity in Deferred Compensati

Activity in Deferred Compensation Program (Detail) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	(1)
Balance at end of period	(1)
Balance at beginning of period	$ 2,141
Balance at end of period	$ 1,929
Treasury Stock [Member]
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	(1)	(1)
Reinvested dividends	0	0
Benefit payments	0	0
Balance at end of period	(1)	(1)
Balance at beginning of period	$ (59)	$ (69)
Reinvested dividends	(3)	(2)
Benefit payments	11	12
Balance at end of period	(51)	(59)
Deferred Compensation Obligations
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	59	69
Reinvested dividends	3	2
Benefit payments	(11)	(12)
Balance at end of period	$ 51	$ 59

Activity Related to Noncontroll

Activity Related to Noncontrolling Interests (Detail) $ in Millions	Sep. 30, 2015USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at beginning of period	$ 17
Balance at end of period	$ 19

SHAREOWNERS' EQUITY Amounts Rec

SHAREOWNERS' EQUITY Amounts Reclassified from AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
AmountsReclassifiedFromAOCI [Line Items]
Change in foreign currency translation adjustment, net of tax	$ (141)	$ (251)	$ (344)	$ (248)
Net Income [Member] [Member]
AmountsReclassifiedFromAOCI [Line Items]
TotalOtherComprehensiveIncomeReclassification, Net of Tax	11	(64)	33	(782)
Accumulated Translation Adjustment [Member]
AmountsReclassifiedFromAOCI [Line Items]
Change in foreign currency translation adjustment, net of tax			(344)	(248)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax			0	0
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax			0	0
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Investment Income [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax	0	0	0	0
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Income Tax Expense Benefit [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax	0	0	0	0
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Net Income [Member] [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax:
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax			(67)	24
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax			113	(40)
Unrealized gain (loss) on cash flow hedges, net of tax: | Income Tax Expense Benefit [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	(22)	23	(67)	24
Unrealized gain (loss) on cash flow hedges, net of tax: | Net Income [Member] [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	39	(37)	113	(40)
Unrealized gain (loss) on cash flow hedges, net of tax: | Interest Rate Contract [Member] | Interest Expense [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	(6)	(6)	(18)	(17)
Unrealized gain (loss) on cash flow hedges, net of tax: | Foreign Exchange Contract [Member] | Interest Expense [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	0	(43)	(25)	(15)
Unrealized gain (loss) on cash flow hedges, net of tax: | Foreign Exchange Contract [Member] | Revenue [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	67	(11)	223	(32)
Accumulated Defined Benefit Plans Adjustment [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax			80	742
Accumulated Defined Benefit Plans Adjustment [Member] | LaborAndRelatedExpense [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	(44)	(44)	(131)	(123)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	0	0	0	(320)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	0	0	0	(746)
Accumulated Defined Benefit Plans Adjustment [Member] | Income Tax Expense Benefit [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	16	17	51	447
Accumulated Defined Benefit Plans Adjustment [Member] | Net Income [Member] [Member]
AmountsReclassifiedFromAOCI [Line Items]
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax	$ (28)	$ (27)	$ (80)	$ (742)

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2015Countries_and_TerritoriesSegments
Segment Reporting Information [Line Items]
Operating Segments, Number | Segments	3
International Package | Minimum
Segment Reporting Information [Line Items]
Number of countries and territories in which service is rendered	220
Supply Chain & Freight | Minimum
Segment Reporting Information [Line Items]
Number of countries and territories in which service is rendered	195

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenue	$ 14,237	$ 14,290	$ 42,309	$ 42,337
Operating Income (Loss)	1,984	1,954	5,617	4,214
U.S. Domestic Package
Segment Reporting Information [Line Items]
Revenue	8,860	8,691	26,482	25,847
Operating Income (Loss)	1,258	1,279	3,483	2,415
International Package
Segment Reporting Information [Line Items]
Revenue	2,959	3,183	8,974	9,562
Operating Income (Loss)	507	460	1,557	1,342
Supply Chain & Freight
Segment Reporting Information [Line Items]
Revenue	2,418	2,416	6,853	6,928
Operating Income (Loss)	$ 219	$ 215	$ 577	$ 457

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income attributable to common shareowners	$ 1,257	$ 1,214	$ 3,513	$ 2,579
Denominator:
Weighted average shares	893	911	898	916
Deferred compensation obligations	1	1	1	1
Vested portion of restricted shares	1	1	2	1
Denominator for basic earnings per share	895	913	901	918
Effect of dilutive securities:
Denominator for diluted earnings per share	903	922	908	927
Basic earnings per share	$ 1.40	$ 1.33	$ 3.90	$ 2.81
Diluted earnings per share	$ 1.39	$ 1.32	$ 3.87	$ 2.78
Restricted performance units
Effect of dilutive securities:
Incremental common shares attributable to share-based payment arrangements	7	8	6	8
Stock option plans
Effect of dilutive securities:
Incremental common shares attributable to share-based payment arrangements	1	1	1	1

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Shares excluded from diluted earnings per share that may be issued upon the exercise of employee stock options because such effect would be antidilutive	0.2	0.1	0.2	0.1

DERIVATIVE INSTRUMENTS AND RI63

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral received under contractual provisions	$ 737	$ 548
Maximum term over hedging exposures to the variability of cash flow	17 years
Pre-tax losses related to cash flow hedges that are currently deferred in AOCI and are expected to be reclassified to income within twelve months	$ 305
Derivative, Collateral, Right to Reclaim Cash	$ 0	$ 1

Notional Amounts of Outstanding

Notional Amounts of Outstanding Derivative Positions (Detail) € in Millions, ₨ in Millions, £ in Millions, MYR in Millions, MXN in Millions, CAD in Millions, $ in Millions

Sep. 30, 2015USD ($)

Sep. 30, 2015GBP (£)

Sep. 30, 2015CAD

Sep. 30, 2015MXN

Sep. 30, 2015MYR

Sep. 30, 2015INR (₨)

Sep. 30, 2015EUR (€)

Dec. 31, 2014USD ($)

Dec. 31, 2014GBP (£)

Dec. 31, 2014CAD

Dec. 31, 2014MXN

Dec. 31, 2014MYR

Dec. 31, 2014INR (₨)

Dec. 31, 2014EUR (€)

Derivative [Line Items]

Derivative, Notional Amount

£ 1,223

CAD 252

MXN 2,571

MYR 0

₨ 205

€ 1,842

£ 1,149

CAD 293

MXN 152

MYR 150

₨ 85

€ 2,833

Fixed to Floating Interest Rate Swaps

Derivative [Line Items]

Derivative, Notional Amount

$ 5,799

$ 5,799

Floating to Fixed Interest Rate Swaps

Derivative [Line Items]

Derivative, Notional Amount

779

779

Basis Interest Rate Swaps

Derivative [Line Items]

Derivative, Notional Amount

0

1,500

Price Risk Derivative [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 251

$ 0

Location on the Balance Sheet o

Location on the Balance Sheet of Derivative Assets and Liabilities (Detail) - Fair Value, Inputs, Level 2 - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Asset Derivatives
Asset Derivatives	$ 817	$ 721
Derivative Asset, Fair Value, Net	797	686
Derivative Liabilities [Abstract]
Liability Derivatives	77	77
Derivative Liability, Fair Value, Amount Offset Against Collateral	57	42
Designated as Hedging Instrument | Foreign Exchange Contracts | Other current assets
Asset Derivatives
Asset Derivatives	357	204
Derivative Asset, Fair Value, Net	357	204
Designated as Hedging Instrument | Foreign Exchange Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	109	229
Derivative Asset, Fair Value, Net	109	229
Designated as Hedging Instrument | Foreign Exchange Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	0	34
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	34
Designated as Hedging Instrument | Interest Rate Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	275	227
Derivative Asset, Fair Value, Net	262	194
Designated as Hedging Instrument | Interest Rate Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	13	35
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	2
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other current assets
Asset Derivatives
Asset Derivatives	5	2
Derivative Asset, Fair Value, Net	5	2
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	3	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	3	0
Not Designated as Hedging Instrument | Price Risk Derivative [Member] | Other current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	36	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	36	0
Not Designated as Hedging Instrument | Interest Rate Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	71	59
Derivative Asset, Fair Value, Net	64	57
Not Designated as Hedging Instrument | Interest Rate Contracts | Other current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	0	1
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	1
Not Designated as Hedging Instrument | Interest Rate Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	25	7
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 18	$ 5

Amount and Location in the Inco

Amount and Location in the Income Statement for Derivatives Designed as Cash Flow Hedges (Detail) - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 43	$ 277	$ 190	$ 206
Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	(1)	0	(1)	(3)
Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 44	$ 277	$ 191	$ 209

Amount and Location in the In67

Amount and Location in the Income Statement for Derivatives Designated as Fair Value Hedges (Detail) - Fair Value Hedging - Interest Expense [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 80	$ (49)	$ 71	$ 34
Fixed-Rate Debt and Capital Leases
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (80)	$ 49	$ (71)	$ (34)

Amount Recorded in Income State

Amount Recorded in Income Statements for Foreign Currency Forward Contracts Not Designated as Hedges (Detail) - Not Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (43)	$ 18	$ 32	$ 13
Foreign Exchange Contracts | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	2	24	18	20
Foreign Exchange Contracts | Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	14	(5)	49	(3)
Foreign Exchange Contracts | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(30)	0	6	0
Price Risk Derivative [Member] | Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(27)	0	(36)	0
Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (2)	$ (1)	$ (5)	$ (4)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015
Other Income Tax Data [Line Items]
Effective tax rate	34.00%	35.00%	34.60%	35.10%
Effective Income Tax Rate Reconciliation, Discrete Tax Benefit	$ 23		$ 23
Pre-tax charge associated with certain health and welfare benefit plan changes				$ 1,066
Reduction to income tax expense	66
Effective Income Tax Rate Reconciliation, Intended Cash Distribution, Amount	$ 21
Scenario, Forecast [Member]
Other Income Tax Data [Line Items]
Cash To Be Distributed					$ 500