United Parcel Service (UPS) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 25, 2016
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	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A common stock
Entity Common Stock, Shares Outstanding		192,217,866
Class B common stock
Entity Common Stock, Shares Outstanding		690,451,249

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 3,887	$ 2,730
Marketable securities	2,380	1,996
Accounts receivable, net	6,241	7,134
Other current assets	1,404	1,348
Total Current Assets	13,912	13,208
Property, Plant and Equipment, Net	18,285	18,352
Goodwill	3,440	3,419
Intangible Assets, Net	1,569	1,549
Non-Current Investments and Restricted Cash	484	473
Deferred Income Taxes and Other Assets, Noncurrent	328	255
Other Non-Current Assets	1,150	1,055
Total Assets	39,168	38,311
Current Liabilities:
Current maturities of long-term debt and commercial paper	3,869	3,018
Accounts payable	2,040	2,587
Accrued wages and withholdings	2,131	2,253
Hedge margin liabilities	641	717
Income taxes payable	538	147
Self-insurance reserves	663	657
Other current liabilities	1,216	1,317
Total Current Liabilities	11,098	10,696
Long-Term Debt	11,569	11,316
Pension and Postretirement Benefit Obligations	10,839	10,638
Deferred Income Tax Liabilities	104	115
Self-Insurance Reserves	1,778	1,831
Other Non-Current Liabilities	1,300	1,224
Shareowners' Equity:
Additional paid-in capital	0	0
Retained earnings	6,095	6,001
Accumulated other comprehensive loss	(3,647)	(3,540)
Deferred compensation obligations	43	51
Less: Treasury stock	(43)	(51)
Total Equity for Controlling Interests	2,457	2,470
Total Equity for Non-Controlling Interests	23	21
Total Shareowners' Equity	2,480	2,491
Total Liabilities and Shareowners' Equity	39,168	38,311
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	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Treasury stock, shares	1	1
Class A common stock
Common stock, shares issued	194	194	201	201
Class B common stock
Common stock, shares issued	691	693	701	705

STATEMENTS OF CONSOLIDATED INCO

STATEMENTS OF CONSOLIDATED INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 14,418	$ 13,977
Operating Expenses:
Compensation and benefits	7,853	7,564
Repairs and maintenance	381	350
Depreciation and amortization	552	506
Purchased transportation	2,024	1,854
Fuel	434	644
Other occupancy	269	294
Other expenses	1,082	1,092
Total Operating Expenses	12,595	12,304
Operating Profit	1,823	1,673
Other Income and (Expense):
Investment income	17	4
Interest expense	(93)	(87)
Total Other Income and (Expense)	(76)	(83)
Income Before Income Taxes	1,747	1,590
Income Tax Expense	616	564
Net Income	$ 1,131	$ 1,026
Basic Earnings Per Share	$ 1.27	$ 1.13
Diluted Earnings Per Share	$ 1.27	$ 1.12

STATEMENTS OF CONSOLIDATED COMP

STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 1,131	$ 1,026
Change in foreign currency translation adjustment, net of tax	26	(304)
Change in unrealized gain (loss) on marketable securities, net of tax	3	2
Change in unrealized gain (loss) on cash flow hedges, net of tax	(162)	176
Change in unrecognized pension and postretirement benefit costs, net of tax	26	32
Comprehensive income	$ 1,024	$ 932

STATEMENTS OF CONSOLIDATED CASH

STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows From Operating Activities:
Net income	$ 1,131	$ 1,026
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	552	506
Pension and postretirement benefit expense	267	270
Pension and postretirement benefit contributions	(43)	(47)
Self-insurance reserves	(48)	(30)
Deferred taxes, credits and other	5	(49)
Stock compensation expense	215	194
Other (gains) losses	(91)	(5)
Change in assets and liabilities, net of effect of acquisitions
Accounts receivable	1,082	763
Other current assets	135	219
Accounts payable	(571)	(571)
Accrued wages and withholdings	(108)	(184)
Other current liabilities	136	665
Other operating activities	8	(6)
Net cash from operating activities	2,670	2,751
Cash Flows From Investing Activities:
Capital expenditures	(427)	(365)
Proceeds from disposals of property, plant, and equipment	3	2
Purchases of marketable securities	(1,599)	(1,909)
Sales and maturities of marketable securities	974	943
Net decrease in finance receivables	(20)	(9)
Cash paid for business acquisitions	(6)	(10)
Other investing activities	(33)	(9)
Net cash (used in) investing activities	(1,108)	(1,357)
Cash Flows From Financing Activities:
Net change in short-term debt	(759)	1,463
Proceeds from long-term borrowings	1,801	1,566
Repayments of long-term borrowings	(223)	(685)
Purchases of common stock	(640)	(676)
Issuances of common stock	83	72
Dividends	(666)	(636)
Other financing activities	(36)	(205)
Net cash (used in) provided by financing activities	(440)	899
Effect Of Exchange Rate Changes On Cash And Cash Equivalents	35	(102)
Net Increase In Cash And Cash Equivalents	1,157	2,191
Cash And Cash Equivalents:
Beginning of period	2,730	2,291
End of period	$ 3,887	$ 4,482

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 , our results of operations for the three months ended March 31, 2016 and 2015 , and cash flows for the three months ended March 31, 2016 and 2015 . The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for any other period or 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, 2015 . 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 material 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 March 31, 2016 . The fair values of our investment securities are disclosed in note 4 , recognized multiemployer pension withdrawal liabilities 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	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Adoption of New Accounting Standards 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 guidance became effective for us in the first quarter of 2016, and 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 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 March 2016, the FASB issued an accounting standards update that simplifies the income tax accounting and cash flow presentation related to share-based compensation by requiring the recognition of all excess tax benefits and deficiencies directly on the income statement and classification as cash flows from operating activities on the statement of cash flows. This update also makes several changes to the accounting for forfeitures and employee tax withholding on share-based compensation. This new guidance becomes effective for us in the first quarter of 2017, but early adoption is permitted. At this time, we do not expect this accounting standards update to have a material impact on our consolidated financial position, results of operations or consolidated cash flows. In February 2016, the FASB issued an accounting standards update that requires all leases with terms beyond twelve months to be recognized on the balance sheet. Although the distinction between operating and finance leases will continue to exist under the new standard, the recognition and measurement of expenses and cash flows will not change significantly from current treatment. This new guidance requires modified retrospective application and becomes effective for us in the first quarter of 2019, but early adoption is permitted. We are currently evaluating this update to determine the full impact of its adoption, but we expect material changes on our consolidated financial position. In January 2016, the FASB issued an accounting standards update which addresses certain aspects of the recognition, measurement, presentation and disclosure of financial instruments. The amendment will be effective for us beginning the first quarter of 2018. At this time, we do not expect this accounting standards update to have a material impact on our consolidated financial position, results of operations or consolidated cash flows. 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 for periods beginning after December 15, 2016. In March 2016, the FASB issued an accounting standards update that further clarifies the May 2014 accounting standards update with respect to principle versus agent considerations in revenue from contracts with customers and has the same effective date as the original standard. We are currently evaluating these updates to determine the full impact of adoption. Other accounting pronouncements issued, but not effective until after March 31, 2016 , are not expected to have a material impact on our consolidated financial position or results of operations.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
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 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 2016 , 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 4, 2016 (for U.S.-based employees), March 2, 2016 (for management committee employees) and March 21, 2016 (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 $96.25 , $98.77 and $105.15 on those dates, respectively. Long-Term Incentive Performance Award Program ("LTIP") We award Restricted Units under LTIP to certain eligible management employees. The performance targets are equally-weighted among adjusted consolidated operating return on invested capital, growth in adjusted 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 established on the grant date. 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. Based on the date that the eligible management population and performance targets were approved for the 2016 LTIP Award, we determined the award measurement date to be March 24, 2016; therefore, the target Restricted Units awarded for this portion of the award were valued for stock compensation expense using the closing New York Stock Exchange price of $105.43 on that date. The remaining one-third of the award related to total shareowner return relative to a peer group is valued using a Monte Carlo model. The model utilized the following assumptions: expected volatility of 16.45% based on historical stock volatility, a risk-free rate of return of 1.01% and no expected dividend yield because the units earn dividend equivalents. This portion of the award was valued with a grant date fair value of $135.57 per unit. Nonqualified Stock Options During the first quarter of 2016 , 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 2016 and 2015 , we granted 0.2 million stock options, respectively, at a grant price of $98.77 and $ 101.93 , respectively. The grant price was based on the closing New York Stock Exchange price of March 2, 2016 and March 2, 2015, respectively. The weighted average fair value of our employee stock options granted, as determined by the Black-Scholes valuation model, was $17.32 and $ 18.07 for 2016 and 2015 , respectively, using the following assumptions: 2016 2015 Expected life (in years) 7.5 7.5 Risk-free interest rate 1.66 % 2.07 % Expected volatility 23.60 % 20.61 % Expected dividend yield 2.94 % 2.63 % Compensation expense for share-based awards recognized in net income for the three months ended March 31, 2016 and 2015 was $ 215 and $ 194 million pre-tax, respectively.

INVESTMENTS AND RESTRICTED CASH

INVESTMENTS AND RESTRICTED CASH	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 (in millions): Cost Unrealized Gains Unrealized Losses Estimated Fair Value March 31, 2016: Current trading marketable securities: Corporate debt securities $ 910 $ — $ — $ 910 Non-U.S. government debt securities (1) 197 — — 197 Carbon credit investments (1) 440 — (156 ) 284 Total trading marketable securities $ 1,547 $ — $ (156 ) $ 1,391 Current available-for-sale securities: U.S. government and agency debt securities $ 335 $ 2 $ — $ 337 Mortgage and asset-backed debt securities 72 — — 72 Corporate debt securities 572 2 (1 ) 573 U.S. state and local municipal debt securities 2 — — 2 Equity Securities 2 — — 2 Non-U.S. government debt securities 3 — — 3 Total available-for-sale marketable securities $ 986 $ 4 $ (1 ) $ 989 Total current marketable securities $ 2,533 $ 4 $ (157 ) $ 2,380 Cost Unrealized Gains Unrealized Losses Estimated Fair Value December 31, 2015: Current trading marketable securities: Corporate debt securities $ 715 $ — $ — $ 715 Non-U.S. government debt securities (1) 363 — — 363 Carbon credit investments (1) 347 9 (5 ) 351 Total trading marketable securities $ 1,425 $ 9 $ (5 ) $ 1,429 Current available-for-sale securities: U.S. government and agency debt securities $ 341 $ — $ (1 ) $ 340 Mortgage and asset-backed debt securities 74 1 (1 ) 74 Corporate debt securities 147 — (1 ) 146 U.S. state and local municipal debt securities 2 — — 2 Equity securities 2 — — 2 Non-U.S. government debt securities 3 — — 3 Total available-for-sale marketable securities $ 569 $ 1 $ (3 ) $ 567 Total current marketable securities $ 1,994 $ 10 $ (8 ) $ 1,996 (1) These investments are hedged with forward contracts that are not designated in hedging relationships. See Note 14 for offsetting statement of consolidated income impact. The unrealized gains and (losses) recognized on trading securities in investment income and other on the statements of consolidated income for the three months ended March 31, 2016 and 2015 were $ (156) and $ 1 million, respectively. Investment Other-Than-Temporary Impairments We have concluded that no material other-than-temporary impairment losses existed as of March 31, 2016 . 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 March 31, 2016 , 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 $ 2,015 $ 1,858 Due after one year through three years 429 430 Due after three years through five years 15 16 Due after five years 72 74 2,531 2,378 Equity securities 2 2 $ 2,533 $ 2,380 Restricted Cash and Non-Current Investments We had $ 442 million of restricted cash related to our self-insurance requirements as of March 31, 2016 and December 31, 2015 which is reported in non-current investments and restricted cash on the consolidated balance sheets. This restricted cash is primarily invested in money market funds. At March 31, 2016 and December 31, 2015 , 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 $23 and $12 million as of March 31, 2016 and December 31, 2015 , 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 and other on the statements of consolidated income. Fair Value Measurements Marketable securities utilizing Level 1 inputs include active exchange-traded carbon credit investments, equity securities, equity index funds and certain U.S. Government debt securities, as these securities 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 7.77% and 8.22% as of March 31, 2016 and December 31, 2015 , 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 March 31, 2016 and December 31, 2015 , 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 March 31, 2016: Marketable Securities: U.S. government and agency debt securities $ 337 $ — $ — $ 337 Mortgage and asset-backed debt securities — 72 — 72 Corporate debt securities — 1,483 — 1,483 U.S. state and local municipal debt securities — 2 — 2 Equity securities — 2 — 2 Non-U.S. government debt securities — 200 — 200 Carbon credit investments 284 — — 284 Total marketable securities 621 1,759 — 2,380 Other non-current investments 19 — 27 46 Total $ 640 $ 1,759 $ 27 $ 2,426 December 31, 2015: Marketable Securities: U.S. government and agency debt securities $ 340 $ — $ — $ 340 Mortgage and asset-backed debt securities — 74 — 74 Corporate debt securities — 861 — 861 U.S. state and local municipal debt securities — 2 — 2 Equity securities — 2 — 2 Non-U.S. government debt securities — 366 — 366 Carbon credit investments 351 — — 351 Total marketable securities 691 1,305 — 1,996 Other non-current investments 19 — 32 51 Total $ 710 $ 1,305 $ 32 $ 2,047 The following table presents the changes in the above Level 3 instruments measured on a recurring basis for the three months ended March 31, 2016 and 2015 (in millions): Marketable Securities Other Investments Total Balance on January 1, 2016 $ — 32 32 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (5 ) (5 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on March 31, 2016 $ — $ 27 $ 27 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) — (8 ) (8 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on March 31, 2015 $ — $ 56 $ 56 There were no transfers of investments between Level 1 and Level 2 during the three months ended March 31, 2016 and 2015 .

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of March 31, 2016 and December 31, 2015 consist of the following (in millions): 2016 2015 Vehicles $ 8,214 $ 8,111 Aircraft 15,817 15,815 Land 1,285 1,263 Buildings 3,332 3,280 Building and leasehold improvements 3,520 3,450 Plant equipment 8,149 8,026 Technology equipment 1,688 1,670 Equipment under operating leases 29 30 Construction-in-progress 272 273 42,306 41,918 Less: Accumulated depreciation and amortization (24,021 ) (23,566 ) $ 18,285 $ 18,352 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 months ended March 31, 2016 and 2015 .

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 and 2015 (in millions): U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 352 $ 382 $ 7 $ 9 $ 12 $ 12 Interest cost 457 423 30 31 10 11 Expected return on assets (629 ) (622 ) (1 ) (4 ) (14 ) (15 ) Amortization of prior service cost 42 42 1 1 — — Net periodic benefit cost $ 222 $ 225 $ 37 $ 37 $ 8 $ 8 During the first three months of 2016 , we contributed $20 and $23 million to our company-sponsored pension and postretirement medical benefit plans, respectively. We also expect to contribute $1.216 billion and $78 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 March 31, 2016 and December 31, 2015 we had $ 870 and $872 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 46 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 March 31, 2016 and December 31, 2015 was $ 902 and $ 841 million , respectively. We utilized Level 2 inputs in the fair value hierarchy of valuation techniques to determine the fair value of this liability. In December 2014, Congress passed the Multiemployer Pension Reform Act (“MPRA”), which for the first time ever allowed multi-employer pension plans to reduce benefit payments to retirees, subject to specific guidelines in the statute and government oversight. On September 25, 2015, the Central States Pension Fund ("CSPF") submitted a proposed pension benefit reduction plan to the U.S. Department of Treasury under the MPRA. The CSPF plan proposed 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 CSPF when it was agreed that UPS could withdraw from CSPF in consideration of a $6.1 billion withdrawal liability. Under a collective bargaining agreement with the International Brotherhood of Teamsters ("Teamsters"), UPS agreed to provide supplemental benefits under the UPS/IBT Full-Time Employee Pension Plan to offset the effect of certain benefit reductions by CSPF applicable to UPS participants retiring on or after January 1, 2008, which resulted in recognition of a $1.7 billion pension liability in 2007. Additionally, UPS agreed to provide coordinating benefits under the UPS/IBT Full-Time Employee Pension Plan to offset certain benefit reductions in the event that benefits were lawfully reduced in the future by CSPF. We vigorously challenged the proposed benefit reduction plan because we believed that it did not comply with the law and that certain actions by CSPF were invalid. In April 2016, we estimated that we would be required to record a 2016 charge of approximately $ 3.2 billion to $ 3.8 billion, if the CSPF pension benefit reduction plan were approved and implemented as proposed. On May 6, 2016, the U.S. Department of Treasury rejected the proposed plan submitted by CSPF, stating that it had determined that the CSPF plan failed to satisfy the following three requirements set forth in the MPRA: • that the proposed benefit suspensions, in the aggregate, be reasonably estimated to achieve, but not materially exceed, the level that is necessary to avoid insolvency, because the investment return and entry age assumptions used for this purpose in the CSPF proposed plan were not reasonable; • that the proposed benefit suspensions be equitably distributed across the participant and beneficiary population; and • that the notices of proposed benefit suspensions be written so as to be understood by the average plan participant. Because the CSPF has asserted that it will become insolvent within ten years, it is possible that CSPF will propose a revised plan under the MPRA. Due to uncertainties, we are not able to estimate a range of additional obligations, if any, that could arise as a result of the CSPF situation, which amounts could be material. These uncertainties include the actions that may be taken by CSPF, the government or others, including whether CSPF will submit a revised benefit reduction plan, the terms and assumptions of any such proposed plan, how the regulations and standards under the MPRA are applied to any subsequently proposed plan, and the effect of discount rates and various other actuarial assumptions. Accordingly, we have not recognized any additional liability for coordinating benefits within the UPS/IBT Full-Time Employee Pension Plan. Collective Bargaining Agreements As of December 31, 2015, we had approximately 266,000 employees employed under a national master agreement and various supplemental agreements with local unions affiliated with the Teamsters. In addition, our airline pilots, airline mechanics, ground mechanics and certain other employees are employed under other collective bargaining agreements. In 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. During the first quarter of 2015, we remitted $ 53 million for these retroactive economic benefits. 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. We are currently in negotiations with Teamsters Local 2727 for a new agreement. 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.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 (in millions): U.S. Domestic Package International Package Supply Chain & Freight Consolidated December 31, 2015: $ 715 $ 425 $ 2,279 $ 3,419 Acquired — — — — Currency / Other — 5 16 21 March 31, 2016: $ 715 $ 430 $ 2,295 $ 3,440 The change in goodwill for both the International Package and Supply Chain & Freight segments was primarily 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 March 31, 2016 and December 31, 2015 (in millions): Gross Carrying Amount Accumulated Amortization Net Carrying Value March 31, 2016: Capitalized software $ 2,798 $ (2,071 ) $ 727 Licenses 214 (127 ) 87 Franchise rights 132 (85 ) 47 Customer relationships 512 (47 ) 465 Trade name 200 — 200 Trademarks, patents, and other 62 (19 ) 43 Total Intangible Assets, Net $ 3,918 $ (2,349 ) $ 1,569 December 31, 2015: Capitalized software $ 2,739 $ (2,026 ) $ 713 Licenses 189 (116 ) 73 Franchise rights 125 (83 ) 42 Customer list 511 (35 ) 476 Trade name 200 — 200 Trademarks, patents, and other 61 (16 ) 45 Total Intangible Assets, Net $ 3,825 $ (2,276 ) $ 1,549 As of March 31, 2016 , we had a trade name with a carrying value of $ 200 million and licenses with a carrying value of $ 5 million, which are deemed to be indefinite-lived intangible assets and are included in the table above.

BUSINESS COMBINATIONS (Notes)

BUSINESS COMBINATIONS (Notes)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS In 2016 and 2015, we acquired several businesses that were not material, individually or in the aggregate, to our consolidated financial position or results of operations. These acquisitions were funded with cash from operations. In March 2015, we acquired Poltraf Sp z.o.o. ("Poltraf"), a Polish-based pharmaceutical logistics company recognized for its temperature-sensitive warehousing and transportation solutions. In May 2015 and June 2015, we acquired Parcel Pro, Inc. ("Parcel Pro") and the Insured Parcel Services division of G4S International Logistics ("IPS"), respectively. These businesses provide services and insurance coverage for the transport of high value luxury goods. In August 2015, we acquired Coyote Logistics Midco, Inc. ("Coyote"), a U.S.-based truckload freight brokerage company, for $1.829 billion . This acquisition allows us to expand our existing portfolio by adding large scale truckload freight brokerage and transportation management services to our Supply Chain & Freight reporting segment. In addition, we expect to benefit from synergies in purchased transportation, backhaul utilization, cross-selling to customers, as well as technology systems and industry best practices. The acquisition was funded using cash from operations and issuances of commercial paper. The estimates of deferred income taxes and goodwill are subject to change based on final determination of fair values of acquired assets and assumed liabilities. The purchase price allocation for acquired companies can be modified for up to one year from the date of acquisition. No material changes in the purchase price allocation have been made since December 31, 2015. 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	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
DEBT AND FINANCING ARRANGEMENTS	DEBT AND FINANCING ARRANGEMENTS The carrying value of our outstanding debt as of March 31, 2016 and December 31, 2015 consists of the following (in millions): Principal Amount Carrying Value Maturity 2016 2015 Commercial paper $ 3,810 2016 $ 3,809 $ 2,965 Fixed-rate senior notes: 1.125% senior notes 375 2017 374 372 5.50% senior notes 750 2018 787 787 5.125% senior notes 1,000 2019 1,075 1,064 3.125% senior notes 1,500 2021 1,648 1,613 2.45% senior notes 1,000 2022 1,028 991 6.20% senior notes 1,500 2038 1,481 1,481 4.875% senior notes 500 2040 489 489 3.625% senior notes 375 2042 367 367 8.375% Debentures: 8.375% debentures 424 2020 480 474 8.375% debentures 276 2030 282 282 Pound Sterling notes: 5.50% notes 96 2031 89 92 5.125% notes 654 2050 623 638 Euro Senior notes: 1.625% notes 797 2025 790 759 Floating rate senior notes 569 2020 567 544 Floating rate senior notes 725 2049-2066 717 600 Capital lease obligations 479 2016-3005 479 475 Facility notes and bonds 320 2016-2045 320 319 Other debt 33 2016-2022 33 22 Total Debt $ 15,183 15,438 14,334 Less: Current Maturities (3,869 ) (3,018 ) Long-term Debt $ 11,569 $ 11,316 Debt Issuances In March 2016, we issued floating rate senior notes with a principal balance of $ 118 million. As the proceeds for these notes were not received until April 2016, we recognized a receivable in other current assets in our consolidated balance sheet as of March 31, 2016. These notes bear interest at three-month LIBOR less 30 basis points and mature in 2066 . These notes are callable at various times after 30 years at a stated percentage of par value, and putable by the note holders at various times after one year at a stated percentage of par value. Sources of Credit We are authorized to borrow up to $ 10.0 billion under a U.S. commercial paper program and € 5.0 billion (in a variety of currencies) under an European commercial paper program. We had the following amounts outstanding under these programs as of March 31, 2016 : $ 2.926 billion with an average interest rate of 0.41% , € 630 million ($ 718 million) with an average interest rate of -0.18% and £ 115 million ($ 165 million) with an average interest rate of 0.54% . As of March 31, 2016 , 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 24, 2017 . 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 March 31, 2016 . The second agreement provides revolving credit facilities of $ 3.0 billion, and expires on March 25, 2021 . 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 March 31, 2016 . Debt Covenants Our existing debt instruments and credit facilities subject us to certain financial covenants. As of March 31, 2016 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 March 31, 2016 , 10% of net tangible assets was equivalent to $2.306 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 $ 17.243 and $ 15.524 billion as of March 31, 2016 and December 31, 2015 , 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	3 Months Ended
	Mar. 31, 2016
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. Trial is scheduled for January 2017. 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 entered an order granting final approval of the settlement in January 2016. 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 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. Discovery is ongoing and trial is scheduled for September, 2016. 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. On May 2, 2016, a purported shareowner derivative suit was filed in the Delaware Court of Chancery naming certain of UPS’s current officers and directors as defendants, alleging that they breached their fiduciary duties by failing to monitor UPS’s compliance with the Assurance of Discontinuance and other federal and state laws relating to cigarette deliveries. 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	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 , 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 March 31, 2016 , 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 three months ended March 31, 2016 and 2015 (in millions, except per share amounts): 2016 2015 Shares Dollars Shares Dollars Class A Common Stock Balance at beginning of period 194 $ 2 201 $ 2 Common stock purchases (2 ) — (1 ) — Stock award plans 4 — 2 — Common stock issuances 1 — 1 — Conversions of class A to class B common stock (3 ) — (2 ) — Class A shares issued at end of period 194 $ 2 201 $ 2 Class B Common Stock Balance at beginning of period 693 $ 7 705 $ 7 Common stock purchases (5 ) — (6 ) — Conversions of class A to class B common stock 3 — 2 — Class B shares issued at end of period 691 $ 7 701 $ 7 Additional Paid-In Capital Balance at beginning of period $ — $ — Stock award plans 137 124 Common stock purchases (336 ) (126 ) Common stock issuances 96 101 Option premiums received (paid) 103 (99 ) Balance at end of period $ — $ — Retained Earnings Balance at beginning of period $ 6,001 $ 5,726 Net income attributable to common shareowners 1,131 1,026 Dividends ($0.78 and $0.73 per share) (718 ) (683 ) Common stock purchases (319 ) (561 ) Balance at end of period $ 6,095 $ 5,508 We repurchased 6.6 million shares of class A and class B common stock for $655 million during the three months ended March 31, 2016 , and 6.8 million shares for $687 million during the three months ended March 31, 2015 . During the first quarter of 2016, we also exercised a capped call option that we entered into in 2015 for which we received 0.2 million UPS class B shares. The $25 million premium payment for this capped call option reduced shareowners' equity in 2015. In total, shares repurchased and received in the first quarter were 6.8 million shares for $680 million . In February 2013, the Board of Directors approved a share repurchase authorization of $10.0 billion, which has no expiration date. As of March 31, 2016 , we had $761 million of this share repurchase authorization available. In May 2016, the Board of Directors approved a new share repurchase authorization of $8.0 billion, which has no expiration date. 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 first quarter of 2016, we entered into an accelerated share repurchase program which allowed us to repurchase 3.0 million shares for $ 300 million. The program was completed in March 2016. 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 $103 and $(99) million during the first three months of 2016 and 2015 , respectively, related to entering into and settling capped call options for the purchase of class B shares. As of March 31, 2016 , we had outstanding options for the purchase of 0.6 million shares with a weighted average strike price of $ 81.97 per share that will settle in the second 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 three months ended March 31, 2016 and 2015 is as follows (in millions): 2016 2015 Foreign currency translation gain (loss): Balance at beginning of period $ (897 ) $ (457 ) Translation adjustment (no tax impact in either period) 26 (304 ) Balance at end of period (871 ) (761 ) 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 $2 and $1) 3 2 Reclassification to earnings (no tax impact in either period) — — Balance at end of period 2 2 Unrealized gain (loss) on cash flow hedges, net of tax: Balance at beginning of period 67 61 Current period changes in fair value (net of tax effect of $(60) and $120) (100 ) 199 Reclassification to earnings (net of tax effect of $(38) and $(14)) (62 ) (23 ) Balance at end of period (95 ) 237 Unrecognized pension and postretirement benefit costs, net of tax: Balance at beginning of period (2,709 ) (3,198 ) Reclassification to earnings (net of tax effect of $17 and $17) 26 26 Remeasurement of plan assets and liabilities (net of tax effect of $0 and $3) — 6 Balance at end of period (2,683 ) (3,166 ) Accumulated other comprehensive income (loss) at end of period $ (3,647 ) $ (3,688 ) Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three months ended March 31, 2016 and 2015 is as follows (in millions): Amount Reclassified from AOCI Affected Line Item in the Income Statement 2016 2015 Unrealized gain (loss) on cash flow hedges: Interest rate contracts $ (6 ) $ (6 ) Interest expense Foreign exchange contracts — (36 ) Interest expense Foreign exchange contracts 106 79 Revenue Income tax (expense) benefit (38 ) (14 ) Income tax expense Impact on net income 62 23 Net income Unrecognized pension and postretirement benefit costs: Prior service costs (43 ) (43 ) Compensation and benefits Income tax (expense) benefit 17 17 Income tax expense Impact on net income (26 ) (26 ) Net income Total amount reclassified for the period $ 36 $ (3 ) Net income Deferred Compensation Obligations and Treasury Stock Activity in the deferred compensation program for the three months ended March 31, 2016 and 2015 is as follows (in millions): 2016 2015 Shares Dollars Shares Dollars Deferred Compensation Obligations: Balance at beginning of period $ 51 $ 59 Reinvested dividends 1 1 Benefit payments (9 ) (11 ) Balance at end of period $ 43 $ 49 Treasury Stock: Balance at beginning of period (1 ) $ (51 ) (1 ) $ (59 ) Reinvested dividends — (1 ) — (1 ) Benefit payments — 9 — 11 Balance at end of period (1 ) $ (43 ) (1 ) $ (49 ) Noncontrolling Interests: We have noncontrolling interests in certain consolidated subsidiaries in our International Package and Supply Chain & Freight segments. Noncontrolling interests increased $2 and $1 million for the three months ended March 31, 2016 and 2015 , respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2016
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 UPS Freight and other aggregated business units. Our forwarding, logistics and Coyote units provide services in more than 195 countries and territories worldwide, and include North American and international air and ocean freight forwarding, customs brokerage, truckload freight brokerage, distribution and post-sales services and mail and consulting services. UPS Freight offers a variety of less-than-truckload (“LTL”) and truckload (“TL”) services to customers in North America. Other aggregated 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 and other, 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, 2015 , 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 months ended March 31, 2016 and 2015 is as follows (in millions): Three Months Ended 2016 2015 Revenue: U.S. Domestic Package $ 9,084 $ 8,814 International Package 2,914 2,970 Supply Chain & Freight 2,420 2,193 Consolidated $ 14,418 $ 13,977 Operating Profit: U.S. Domestic Package $ 1,102 $ 1,024 International Package 574 498 Supply Chain & Freight 147 151 Consolidated $ 1,823 $ 1,673

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 and 2015 (in millions, except per share amounts): Three Months Ended 2016 2015 Numerator: Net income attributable to common shareowners $ 1,131 $ 1,026 Denominator: Weighted average shares 885 903 Deferred compensation obligations 1 1 Vested portion of restricted units 3 2 Denominator for basic earnings per share 889 906 Effect of dilutive securities: Restricted units 4 6 Stock options 1 1 Denominator for diluted earnings per share 894 913 Basic earnings per share $ 1.27 $ 1.13 Diluted earnings per share $ 1.27 $ 1.12 Diluted earnings per share for the three months ended March 31, 2016 and 2015 excluded the effect of 0.5 and 0.2 million shares of common stock, 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	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 , we held cash collateral of $ 641 and $ 717 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 $ 1 million and $ 0 in collateral with our counterparties as of March 31, 2016 and December 31, 2015 , 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 foreign currency 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 normally designate 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 and forward contracts. We normally designate 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 and interest payments on certain debt subject to foreign currency remeasurement using foreign currency forward contracts. We normally designate 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 investment income and other when the underlying transactions are subject to currency remeasurement. We hedge our net investment in certain foreign operations with foreign currency denominated debt instruments. The use of foreign denominated debt as the hedging instrument allows the debt to be remeasured to foreign currency translation adjustment within AOCI to offset the translation risk from those investments. Any ineffective portion of net investment hedging is recognized as a component of investment income and other. Balances in the cumulative translation adjustment accounts remain until the sale or complete liquidation of the foreign entity. 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 normally designate 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. 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 March 31, 2016 and December 31, 2015 , the notional amounts of our outstanding derivative positions were as follows (in millions): March 31, 2016 December 31, 2015 Currency hedges: British Pound Sterling GBP 1,056 GBP 1,140 Canadian Dollar CAD 933 CAD 177 Euro EUR 3,579 EUR 3,750 Mexican Peso MXN 2,004 MXN 3,863 Japanese Yen JPY 18,000 JPY 20,000 Interest rate hedges: Fixed to Floating Interest Rate Swaps $ 5,799 $ 5,799 Floating to Fixed Interest Rate Swaps $ 778 $ 778 Investment market price hedges: Marketable Securities EUR 389 EUR 496 As of March 31, 2016, we had no outstanding commodity hedge positions. 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 March 31, December 31, March 31, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current assets Level 2 $ 257 $ 408 $ 256 $ 408 Foreign exchange contracts Other non-current assets Level 2 28 92 23 92 Interest rate contracts Other non-current assets Level 2 293 204 279 185 Derivatives not designated as hedges: Foreign exchange contracts Other current assets Level 2 — 2 — — Investment market price contracts Other current assets Level 2 159 5 159 — Interest rate contracts Other non-current assets Level 2 75 57 66 53 Total Asset Derivatives $ 812 $ 768 $ 783 $ 738 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 March 31, December 31, March 31, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current liabilities Level 2 $ 3 $ — $ 2 $ — Foreign exchange contracts Other non-current liabilities Level 2 41 — 36 — Interest rate contracts Other non-current liabilities Level 2 14 19 — — Derivatives not designated as hedges: Foreign exchange contracts Other current liabilities Level 2 7 12 7 10 Investment market price contracts Other current liabilities Level 2 — 9 — 4 Interest rate contracts Other non-current liabilities Level 2 33 13 24 9 Total Liability Derivatives $ 98 $ 53 $ 69 $ 23 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 months ended March 31, 2016 and 2015 for those derivatives designated as cash flow hedges (in millions): Three Months Ended March 31: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2016 2015 Interest rate contracts $ (2 ) $ (1 ) Foreign exchange contracts (158 ) 320 Total $ (160 ) $ 319 As of March 31, 2016 , $ 200 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 March 31, 2017 . 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 16 years. The amount of ineffectiveness recognized in income on derivative instruments designated in cash flow hedging relationships was immaterial for the three months ended March 31, 2016 and 2015 . The following table indicates the amount of gains and losses that have been recognized in AOCI within foreign currency translation adjustment for the three months ended March 31, 2016 and 2015 for those instruments designated as net investment hedges (in millions): Three Months Ended March 31: Non-derivative Instruments in Net Investment Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Debt (Effective Portion) 2016 2015 Foreign denominated debt $ (85 ) $ — Total $ (85 ) $ — The amount of ineffectiveness recognized in income on non-derivative instruments designated in net investment hedging relationships was immaterial for the three months ended March 31, 2016 and 2015. 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 months ended March 31, 2016 and 2015 (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 2016 2015 2016 2015 Interest rate contracts Interest Expense $ 95 $ 55 Fixed-Rate Debt Interest Expense $ (95 ) $ (55 ) Additionally, we maintain some interest rate swaps, foreign currency forwards 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 eliminates 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 months ended March 31, 2016 and 2015 (in millions): Derivative Instruments Not Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income 2016 2015 Interest rate contracts Interest Expense $ (2 ) $ (1 ) Foreign exchange contracts Other Operating Expenses — 21 Foreign exchange contracts Investment Income and other (41 ) 2 Investment market price contracts Investment Income and other 155 (2 ) $ 112 $ 20

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our effective tax rate decreased to 35.3% in the first quarter of 2016 compared with 35.5% in the same period of 2015 , primarily due to favorable changes in the proportion of our taxable income in certain U.S. and non-U.S. jurisdictions. This was partially offset by a decrease in U.S. Federal and state tax credits relative to total pre-tax income. As discussed in our Annual Report on Form 10-K for the year ended December 31, 2015 , 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 various state filing positions, the allocation of income and expense between tax jurisdictions and other transfer pricing matters. 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)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 , our results of operations for the three months ended March 31, 2016 and 2015 , and cash flows for the three months ended March 31, 2016 and 2015 . The results reported in these consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for any other period or 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, 2015 . 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 material 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 March 31, 2016 . The fair values of our investment securities are disclosed in note 4 , recognized multiemployer pension withdrawal liabilities 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)	3 Months Ended
	Mar. 31, 2016
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 $17.32 and $ 18.07 for 2016 and 2015 , respectively, using the following assumptions: 2016 2015 Expected life (in years) 7.5 7.5 Risk-free interest rate 1.66 % 2.07 % Expected volatility 23.60 % 20.61 % Expected dividend yield 2.94 % 2.63 %

INVESTMENTS AND RESTRICTED CA24

INVESTMENTS AND RESTRICTED CASH (Tables)	3 Months Ended
	Mar. 31, 2016
Marketable Securities [Abstract]
Available-for-sale Securities	The following is a summary of marketable securities classified as trading and available-for-sale as of March 31, 2016 and December 31, 2015 (in millions): Cost Unrealized Gains Unrealized Losses Estimated Fair Value March 31, 2016: Current trading marketable securities: Corporate debt securities $ 910 $ — $ — $ 910 Non-U.S. government debt securities (1) 197 — — 197 Carbon credit investments (1) 440 — (156 ) 284 Total trading marketable securities $ 1,547 $ — $ (156 ) $ 1,391 Current available-for-sale securities: U.S. government and agency debt securities $ 335 $ 2 $ — $ 337 Mortgage and asset-backed debt securities 72 — — 72 Corporate debt securities 572 2 (1 ) 573 U.S. state and local municipal debt securities 2 — — 2 Equity Securities 2 — — 2 Non-U.S. government debt securities 3 — — 3 Total available-for-sale marketable securities $ 986 $ 4 $ (1 ) $ 989 Total current marketable securities $ 2,533 $ 4 $ (157 ) $ 2,380 Cost Unrealized Gains Unrealized Losses Estimated Fair Value December 31, 2015: Current trading marketable securities: Corporate debt securities $ 715 $ — $ — $ 715 Non-U.S. government debt securities (1) 363 — — 363 Carbon credit investments (1) 347 9 (5 ) 351 Total trading marketable securities $ 1,425 $ 9 $ (5 ) $ 1,429 Current available-for-sale securities: U.S. government and agency debt securities $ 341 $ — $ (1 ) $ 340 Mortgage and asset-backed debt securities 74 1 (1 ) 74 Corporate debt securities 147 — (1 ) 146 U.S. state and local municipal debt securities 2 — — 2 Equity securities 2 — — 2 Non-U.S. government debt securities 3 — — 3 Total available-for-sale marketable securities $ 569 $ 1 $ (3 ) $ 567 Total current marketable securities $ 1,994 $ 10 $ (8 ) $ 1,996 (1) These investments are hedged with forward contracts that are not designated in hedging relationships. See Note 14 for offsetting statement of consolidated income impact.
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of marketable securities at March 31, 2016 , 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 $ 2,015 $ 1,858 Due after one year through three years 429 430 Due after three years through five years 15 16 Due after five years 72 74 2,531 2,378 Equity securities 2 2 $ 2,533 $ 2,380
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 March 31, 2016 and December 31, 2015 , 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 March 31, 2016: Marketable Securities: U.S. government and agency debt securities $ 337 $ — $ — $ 337 Mortgage and asset-backed debt securities — 72 — 72 Corporate debt securities — 1,483 — 1,483 U.S. state and local municipal debt securities — 2 — 2 Equity securities — 2 — 2 Non-U.S. government debt securities — 200 — 200 Carbon credit investments 284 — — 284 Total marketable securities 621 1,759 — 2,380 Other non-current investments 19 — 27 46 Total $ 640 $ 1,759 $ 27 $ 2,426 December 31, 2015: Marketable Securities: U.S. government and agency debt securities $ 340 $ — $ — $ 340 Mortgage and asset-backed debt securities — 74 — 74 Corporate debt securities — 861 — 861 U.S. state and local municipal debt securities — 2 — 2 Equity securities — 2 — 2 Non-U.S. government debt securities — 366 — 366 Carbon credit investments 351 — — 351 Total marketable securities 691 1,305 — 1,996 Other non-current investments 19 — 32 51 Total $ 710 $ 1,305 $ 32 $ 2,047
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Marketable Securities Other Investments Total Balance on January 1, 2016 $ — 32 32 Transfers into (out of) Level 3 — — — Net realized and unrealized gains (losses): Included in earnings (in investment income) — (5 ) (5 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on March 31, 2016 $ — $ 27 $ 27 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) — (8 ) (8 ) Included in accumulated other comprehensive income (pre-tax) — — — Purchases — — — Sales — — — Balance on March 31, 2015 $ — $ 56 $ 56 The following table presents the changes in the above Level 3 instruments measured on a recurring basis for the three months ended March 31, 2016 and 2015 (in millions):

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment as of March 31, 2016 and December 31, 2015 consist of the following (in millions): 2016 2015 Vehicles $ 8,214 $ 8,111 Aircraft 15,817 15,815 Land 1,285 1,263 Buildings 3,332 3,280 Building and leasehold improvements 3,520 3,450 Plant equipment 8,149 8,026 Technology equipment 1,688 1,670 Equipment under operating leases 29 30 Construction-in-progress 272 273 42,306 41,918 Less: Accumulated depreciation and amortization (24,021 ) (23,566 ) $ 18,285 $ 18,352

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 and 2015 (in millions): U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits 2016 2015 2016 2015 2016 2015 Service cost $ 352 $ 382 $ 7 $ 9 $ 12 $ 12 Interest cost 457 423 30 31 10 11 Expected return on assets (629 ) (622 ) (1 ) (4 ) (14 ) (15 ) Amortization of prior service cost 42 42 1 1 — — Net periodic benefit cost $ 222 $ 225 $ 37 $ 37 $ 8 $ 8

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table indicates the allocation of goodwill by reportable segment as of March 31, 2016 and December 31, 2015 (in millions): U.S. Domestic Package International Package Supply Chain & Freight Consolidated December 31, 2015: $ 715 $ 425 $ 2,279 $ 3,419 Acquired — — — — Currency / Other — 5 16 21 March 31, 2016: $ 715 $ 430 $ 2,295 $ 3,440
Schedule of Intangible Assets (Excluding Goodwill)	The following is a summary of intangible assets as of March 31, 2016 and December 31, 2015 (in millions): Gross Carrying Amount Accumulated Amortization Net Carrying Value March 31, 2016: Capitalized software $ 2,798 $ (2,071 ) $ 727 Licenses 214 (127 ) 87 Franchise rights 132 (85 ) 47 Customer relationships 512 (47 ) 465 Trade name 200 — 200 Trademarks, patents, and other 62 (19 ) 43 Total Intangible Assets, Net $ 3,918 $ (2,349 ) $ 1,569 December 31, 2015: Capitalized software $ 2,739 $ (2,026 ) $ 713 Licenses 189 (116 ) 73 Franchise rights 125 (83 ) 42 Customer list 511 (35 ) 476 Trade name 200 — 200 Trademarks, patents, and other 61 (16 ) 45 Total Intangible Assets, Net $ 3,825 $ (2,276 ) $ 1,549

DEBT AND FINANCING ARRANGEMEN28

DEBT AND FINANCING ARRANGEMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The carrying value of our outstanding debt as of March 31, 2016 and December 31, 2015 consists of the following (in millions): Principal Amount Carrying Value Maturity 2016 2015 Commercial paper $ 3,810 2016 $ 3,809 $ 2,965 Fixed-rate senior notes: 1.125% senior notes 375 2017 374 372 5.50% senior notes 750 2018 787 787 5.125% senior notes 1,000 2019 1,075 1,064 3.125% senior notes 1,500 2021 1,648 1,613 2.45% senior notes 1,000 2022 1,028 991 6.20% senior notes 1,500 2038 1,481 1,481 4.875% senior notes 500 2040 489 489 3.625% senior notes 375 2042 367 367 8.375% Debentures: 8.375% debentures 424 2020 480 474 8.375% debentures 276 2030 282 282 Pound Sterling notes: 5.50% notes 96 2031 89 92 5.125% notes 654 2050 623 638 Euro Senior notes: 1.625% notes 797 2025 790 759 Floating rate senior notes 569 2020 567 544 Floating rate senior notes 725 2049-2066 717 600 Capital lease obligations 479 2016-3005 479 475 Facility notes and bonds 320 2016-2045 320 319 Other debt 33 2016-2022 33 22 Total Debt $ 15,183 15,438 14,334 Less: Current Maturities (3,869 ) (3,018 ) Long-term Debt $ 11,569 $ 11,316

SHAREOWNERS' EQUITY (Tables)

SHAREOWNERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2016
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 three months ended March 31, 2016 and 2015 (in millions, except per share amounts): 2016 2015 Shares Dollars Shares Dollars Class A Common Stock Balance at beginning of period 194 $ 2 201 $ 2 Common stock purchases (2 ) — (1 ) — Stock award plans 4 — 2 — Common stock issuances 1 — 1 — Conversions of class A to class B common stock (3 ) — (2 ) — Class A shares issued at end of period 194 $ 2 201 $ 2 Class B Common Stock Balance at beginning of period 693 $ 7 705 $ 7 Common stock purchases (5 ) — (6 ) — Conversions of class A to class B common stock 3 — 2 — Class B shares issued at end of period 691 $ 7 701 $ 7 Additional Paid-In Capital Balance at beginning of period $ — $ — Stock award plans 137 124 Common stock purchases (336 ) (126 ) Common stock issuances 96 101 Option premiums received (paid) 103 (99 ) Balance at end of period $ — $ — Retained Earnings Balance at beginning of period $ 6,001 $ 5,726 Net income attributable to common shareowners 1,131 1,026 Dividends ($0.78 and $0.73 per share) (718 ) (683 ) Common stock purchases (319 ) (561 ) Balance at end of period $ 6,095 $ 5,508
Schedule of Accumulated Other Comprehensive Income (Loss)	The activity in AOCI for the three months ended March 31, 2016 and 2015 is as follows (in millions): 2016 2015 Foreign currency translation gain (loss): Balance at beginning of period $ (897 ) $ (457 ) Translation adjustment (no tax impact in either period) 26 (304 ) Balance at end of period (871 ) (761 ) 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 $2 and $1) 3 2 Reclassification to earnings (no tax impact in either period) — — Balance at end of period 2 2 Unrealized gain (loss) on cash flow hedges, net of tax: Balance at beginning of period 67 61 Current period changes in fair value (net of tax effect of $(60) and $120) (100 ) 199 Reclassification to earnings (net of tax effect of $(38) and $(14)) (62 ) (23 ) Balance at end of period (95 ) 237 Unrecognized pension and postretirement benefit costs, net of tax: Balance at beginning of period (2,709 ) (3,198 ) Reclassification to earnings (net of tax effect of $17 and $17) 26 26 Remeasurement of plan assets and liabilities (net of tax effect of $0 and $3) — 6 Balance at end of period (2,683 ) (3,166 ) Accumulated other comprehensive income (loss) at end of period $ (3,647 ) $ (3,688 )
Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings	Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three months ended March 31, 2016 and 2015 is as follows (in millions): Amount Reclassified from AOCI Affected Line Item in the Income Statement 2016 2015 Unrealized gain (loss) on cash flow hedges: Interest rate contracts $ (6 ) $ (6 ) Interest expense Foreign exchange contracts — (36 ) Interest expense Foreign exchange contracts 106 79 Revenue Income tax (expense) benefit (38 ) (14 ) Income tax expense Impact on net income 62 23 Net income Unrecognized pension and postretirement benefit costs: Prior service costs (43 ) (43 ) Compensation and benefits Income tax (expense) benefit 17 17 Income tax expense Impact on net income (26 ) (26 ) Net income Total amount reclassified for the period $ 36 $ (3 ) Net income
Schedule of Deferred Compensation and Treasury Stock Activity	Activity in the deferred compensation program for the three months ended March 31, 2016 and 2015 is as follows (in millions): 2016 2015 Shares Dollars Shares Dollars Deferred Compensation Obligations: Balance at beginning of period $ 51 $ 59 Reinvested dividends 1 1 Benefit payments (9 ) (11 ) Balance at end of period $ 43 $ 49 Treasury Stock: Balance at beginning of period (1 ) $ (51 ) (1 ) $ (59 ) Reinvested dividends — (1 ) — (1 ) Benefit payments — 9 — 11 Balance at end of period (1 ) $ (43 ) (1 ) $ (49 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment information for the three months ended March 31, 2016 and 2015 is as follows (in millions): Three Months Ended 2016 2015 Revenue: U.S. Domestic Package $ 9,084 $ 8,814 International Package 2,914 2,970 Supply Chain & Freight 2,420 2,193 Consolidated $ 14,418 $ 13,977 Operating Profit: U.S. Domestic Package $ 1,102 $ 1,024 International Package 574 498 Supply Chain & Freight 147 151 Consolidated $ 1,823 $ 1,673

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
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 months ended March 31, 2016 and 2015 (in millions, except per share amounts): Three Months Ended 2016 2015 Numerator: Net income attributable to common shareowners $ 1,131 $ 1,026 Denominator: Weighted average shares 885 903 Deferred compensation obligations 1 1 Vested portion of restricted units 3 2 Denominator for basic earnings per share 889 906 Effect of dilutive securities: Restricted units 4 6 Stock options 1 1 Denominator for diluted earnings per share 894 913 Basic earnings per share $ 1.27 $ 1.13 Diluted earnings per share $ 1.27 $ 1.12

DERIVATIVE INSTRUMENTS AND RI32

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of March 31, 2016 and December 31, 2015 , the notional amounts of our outstanding derivative positions were as follows (in millions): March 31, 2016 December 31, 2015 Currency hedges: British Pound Sterling GBP 1,056 GBP 1,140 Canadian Dollar CAD 933 CAD 177 Euro EUR 3,579 EUR 3,750 Mexican Peso MXN 2,004 MXN 3,863 Japanese Yen JPY 18,000 JPY 20,000 Interest rate hedges: Fixed to Floating Interest Rate Swaps $ 5,799 $ 5,799 Floating to Fixed Interest Rate Swaps $ 778 $ 778 Investment market price hedges: Marketable Securities EUR 389 EUR 496
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 March 31, December 31, March 31, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current assets Level 2 $ 257 $ 408 $ 256 $ 408 Foreign exchange contracts Other non-current assets Level 2 28 92 23 92 Interest rate contracts Other non-current assets Level 2 293 204 279 185 Derivatives not designated as hedges: Foreign exchange contracts Other current assets Level 2 — 2 — — Investment market price contracts Other current assets Level 2 159 5 159 — Interest rate contracts Other non-current assets Level 2 75 57 66 53 Total Asset Derivatives $ 812 $ 768 $ 783 $ 738 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 March 31, December 31, March 31, December 31, Derivatives designated as hedges: Foreign exchange contracts Other current liabilities Level 2 $ 3 $ — $ 2 $ — Foreign exchange contracts Other non-current liabilities Level 2 41 — 36 — Interest rate contracts Other non-current liabilities Level 2 14 19 — — Derivatives not designated as hedges: Foreign exchange contracts Other current liabilities Level 2 7 12 7 10 Investment market price contracts Other current liabilities Level 2 — 9 — 4 Interest rate contracts Other non-current liabilities Level 2 33 13 24 9 Total Liability Derivatives $ 98 $ 53 $ 69 $ 23
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 months ended March 31, 2016 and 2015 for those derivatives designated as cash flow hedges (in millions): Three Months Ended March 31: Derivative Instruments in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion) 2016 2015 Interest rate contracts $ (2 ) $ (1 ) Foreign exchange contracts (158 ) 320 Total $ (160 ) $ 319 The following table indicates the amount of gains and losses that have been recognized in AOCI within foreign currency translation adjustment for the three months ended March 31, 2016 and 2015 for those instruments designated as net investment hedges (in millions): Three Months Ended March 31: Non-derivative Instruments in Net Investment Hedging Relationships Amount of Gain (Loss) Recognized in AOCI on Debt (Effective Portion) 2016 2015 Foreign denominated debt $ (85 ) $ — Total $ (85 ) $ —
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 months ended March 31, 2016 and 2015 (in millions): Derivative Instruments Not Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Income 2016 2015 Interest rate contracts Interest Expense $ (2 ) $ (1 ) Foreign exchange contracts Other Operating Expenses — 21 Foreign exchange contracts Investment Income and other (41 ) 2 Investment market price contracts Investment Income and other 155 (2 ) $ 112 $ 20 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 months ended March 31, 2016 and 2015 (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 2016 2015 2016 2015 Interest rate contracts Interest Expense $ 95 $ 55 Fixed-Rate Debt Interest Expense $ (95 ) $ (55 )

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Detail) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 24, 2016	Mar. 21, 2016	Mar. 02, 2016	Feb. 04, 2016
Stockholders Equity Note [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Cycle Period	3 years
Employee Stock Option [Member]
Stockholders Equity Note [Line Items]
Grant price of stock options and RPU	$ 17.32	$ 18.07
Nonqualified Stock Options [Member]
Stockholders Equity Note [Line Items]
Percentage of the award vesting at each anniversary date of the grant	20.00%
Expiration period (in years)	10 years
Stock options granted	0.2	0.2
Grant price of stock options and RPU	$ 98.77	$ 101.93
Award vesting period	5 years
Period from grant date to expiration	10 years
Expected volatility	23.60%	20.61%
Risk-free interest rate	1.66%	2.07%
Long-Term Incentive Performance Award [Member]
Stockholders Equity Note [Line Items]
Closing New York Stock Exchange price			$ 105.43
Award vesting period	3 years
Expected volatility	16.45%
Risk-free interest rate	1.01%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 135.57
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				$ 105.15	$ 98.77	$ 96.25
Award vesting period	5 years

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]	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stockholders Equity Note [Line Items]
Expected life (in years)	7 years 6 months	7 years 6 months
Risk-free interest rate	1.66%	2.07%
Expected volatility	23.60%	20.61%
Expected dividend yield	2.94%	2.63%

Summary of Marketable Securitie

Summary of Marketable Securities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Marketable Securities [Line Items]
Trading Securities, Short-term Investments, Amortized Cost	$ 1,547		$ 1,425
Trading Securities, Gross Unrealized Gain	0		9
Trading Securities, Gross Unrealized Loss	(156)		(5)
Trading Securities	1,391		1,429
Available-for-sale Securities, Amortized Cost Basis	986		569
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	4		1
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(1)		(3)
Available-for-sale Securities, Current	989		567
Total Amortized Cost	2,533		1,994
Marketable Securities, Gross Unrealized Gain	4		10
Marketable Securities, Gross Unrealized Loss	(157)		(8)
Total Estimated Fair Value	2,380		1,996
Trading Securities, Change in Unrealized Holding Gain (Loss)	(156)	$ 1
U.S. government and agency debt securities
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	335		341
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	2		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		(1)
Available-for-sale Securities, Current	337		340
Mortgage and asset-backed debt securities
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	72		74
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		1
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		(1)
Available-for-sale Securities, Current	72		74
Corporate debt securities
Schedule of Marketable Securities [Line Items]
Trading Securities, Short-term Investments, Amortized Cost	910		715
Trading Securities, Gross Unrealized Gain	0		0
Trading Securities, Gross Unrealized Loss	0		0
Trading Securities	910		715
Available-for-sale Securities, Amortized Cost Basis	572		147
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	2		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	(1)		(1)
Available-for-sale Securities, Current	573		146
U.S. state and local municipal debt securities
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	2		2
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0
Available-for-sale Securities, Current	2		2
Equity Securities [Member]
Schedule of Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	2		2
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0
Available-for-sale Securities, Current	2		2
Foreign Government Debt Securities [Member]
Schedule of Marketable Securities [Line Items]
Trading Securities, Short-term Investments, Amortized Cost	197		363
Trading Securities, Gross Unrealized Gain	0		0
Trading Securities, Gross Unrealized Loss	0		0
Trading Securities	197		363
Available-for-sale Securities, Amortized Cost Basis	3		3
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0		0
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	0		0
Available-for-sale Securities, Current	3		3
Carbon Credit Investments [Member]
Schedule of Marketable Securities [Line Items]
Trading Securities, Short-term Investments, Amortized Cost	440		347
Trading Securities, Gross Unrealized Gain	0		9
Trading Securities, Gross Unrealized Loss	(156)		(5)
Trading Securities	$ 284		$ 351

INVESTMENTS AND RESTRICTED CA36

INVESTMENTS AND RESTRICTED CASH - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Gain (Loss) on Investments [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ (156)	$ 1
Trading Securities	1,391		$ 1,429
Restricted Cash and Investments, Noncurrent	$ 484		$ 473
Fair Value Inputs, Discount Rate	7.77%		8.22%
cash held in escrow [Member]
Gain (Loss) on Investments [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	$ 23		$ 12
Self-insurance requirements [Member]
Gain (Loss) on Investments [Line Items]
Restricted Cash and Investments, Noncurrent	442		442
Variable life insurance policy
Gain (Loss) on Investments [Line Items]
Restricted Cash and Investments, Noncurrent	$ 19		$ 19

Amortized Cost and Estimated Fa

Amortized Cost and Estimated Fair Value of Marketable Securities by Contractual Maturity (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Cost
Due in one year or less	$ 2,015
Due after one year through three years	429
Due after three years through five years	15
Due after five years	72
Marketable Securities, Debt Maturities, Amortized Cost, Total	2,531
Equity securities	2
Total Amortized Cost	2,533	$ 1,994
Estimated Fair Value
Due in one year or less	1,858
Due after one year through three years	430
Due after three years through five years	16
Due after five years	74
Marketable Securities, Debt Maturities, Fair Value, Total	2,378
Equity securities	2
Total Estimated Fair Value	$ 2,380	$ 1,996

Investments Measured at Fair Va

Investments Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 2,426	$ 2,047
Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2,380	1,996
Marketable securities | U.S. government and agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	337	340
Marketable securities | Mortgage and asset-backed debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	72	74
Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,483	861
Marketable securities | U.S. state and local municipal debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2	2
Marketable securities | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2	2
Marketable securities | Foreign Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	200	366
Marketable securities | Carbon Credit Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	284	351
Other Long-term Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	46	51
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	640	710
Fair Value, Inputs, Level 1 | Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	621	691
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	337	340
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 | U.S. state and local municipal 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 | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 1 | Marketable securities | Foreign Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 1 | Marketable securities | Carbon Credit Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	284	351
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	1,759	1,305
Fair Value, Inputs, Level 2 | Marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,759	1,305
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	72	74
Fair Value, Inputs, Level 2 | Marketable securities | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1,483	861
Fair Value, Inputs, Level 2 | Marketable securities | U.S. state and local municipal debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2	2
Fair Value, Inputs, Level 2 | Marketable securities | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	2	2
Fair Value, Inputs, Level 2 | Marketable securities | Foreign Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	200	366
Fair Value, Inputs, Level 2 | Marketable securities | Carbon Credit Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
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	27	32
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 | U.S. state and local municipal 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 | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | Foreign Government Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Inputs, Level 3 | Marketable securities | Carbon Credit Investments [Member]
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	$ 27	$ 32

Changes in Level 3 Instruments

Changes in Level 3 Instruments Measured on a Recurring Basis (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 32	$ 64
Transfers into (out of) Level 3	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	(5)	(8)
Included in accumulated other comprehensive income (pre-tax)	0	0
Purchases	0	0
Sales	0	0
Ending Balance	27	56
Marketable securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	0	0
Transfers into (out of) Level 3	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	0	0
Included in accumulated other comprehensive income (pre-tax)	0	0
Purchases	0	0
Sales	0	0
Ending Balance	0	0
Other Long-term Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	32	64
Transfers into (out of) Level 3	0	0
Net realized and unrealized gains (losses):
Included in earnings (in investment income)	(5)	(8)
Included in accumulated other comprehensive income (pre-tax)	0	0
Purchases	0	0
Sales	0	0
Ending Balance	$ 27	$ 56

Property Plant and Equipment (D

Property Plant and Equipment (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 42,306,000,000		$ 41,918,000,000
Less: Accumulated depreciation and amortization	(24,021,000,000)		(23,566,000,000)
Property, plant and equipment, net	18,285,000,000		18,352,000,000
Impairment charges on property plant and equipment	0	$ 0
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	8,214,000,000		8,111,000,000
Aircraft (including aircraft under capital leases) [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	15,817,000,000		15,815,000,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,285,000,000		1,263,000,000
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,332,000,000		3,280,000,000
Building and leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	3,520,000,000		3,450,000,000
Plant Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	8,149,000,000		8,026,000,000
Technology equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	1,688,000,000		1,670,000,000
Equipment under operating leases [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	29,000,000		30,000,000
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 272,000,000		$ 273,000,000

Net Periodic Benefit Cost for P

Net Periodic Benefit Cost for Pension and Postretirement Benefit Plans (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
U.S. Pension Benefits
Net Periodic Cost:
Service cost	$ 352	$ 382
Interest cost	457	423
Expected return on assets	(629)	(622)
Amortization of:
Prior service cost	42	42
Net periodic benefit cost	222	225
U.S. Postretirement Medical Benefits
Net Periodic Cost:
Service cost	7	9
Interest cost	30	31
Expected return on assets	(1)	(4)
Amortization of:
Prior service cost	1	1
Net periodic benefit cost	37	37
International Pension Benefits
Net Periodic Cost:
Service cost	12	12
Interest cost	10	11
Expected return on assets	(14)	(15)
Amortization of:
Prior service cost	0	0
Net periodic benefit cost	$ 8	$ 8

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)Employees	Mar. 31, 2015USD ($)	Apr. 28, 2016USD ($)	Dec. 31, 2015USD ($)Employees	Dec. 31, 2007USD ($)
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				266,000
Remittance of retroactive economic benefits	$ 108	$ 184
Majority of ground mechanics not employed under agreements | Employees	3,100
Multiemployer Plans, Payment Term	46 years
Number of pilots under a collective bargaining agreement with the Independent Pilots Association | Employees	2,600
International Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount contributed to company- sponsored benefit plans	$ 20
Estimated future employer contributions to defined benefit plan, current fiscal year	1.216
U.S. Postretirement Medical Benefits
Defined Benefit Plan Disclosure [Line Items]
Amount contributed to company- sponsored benefit plans	$ 23
Estimated future employer contributions to defined benefit plan, current fiscal year	78
Multiemployer Plans, Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer Plans, Withdrawal Obligation, Present Value	$ 870			$ 872
Multi-employer Plans, Withdrawal Obligation, Fair Value Disclosure	$ 902			$ 841
National Master Agreement (NMA) [Member]
Defined Benefit Plan Disclosure [Line Items]
Remittance of retroactive economic benefits		$ 53
Central States Pension Fund
Defined Benefit Plan Disclosure [Line Items]
Withdrawal liability					$ 6,100
Pension liability					$ 1,700
Minimum [Member] | Central States Pension Fund | Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension liability			$ 3,200
Maximum [Member] | Central States Pension Fund | Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension liability			$ 3,800

Allocation of Goodwill by Repor

Allocation of Goodwill by Reportable Segment (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 3,419
Acquired	0
Currency / Other	21
Ending balance	3,440
U.S. Domestic Package
Goodwill [Roll Forward]
Beginning balance	715
Acquired	0
Currency / Other	0
Ending balance	715
International Package
Goodwill [Roll Forward]
Beginning balance	425
Acquired	0
Currency / Other	5
Ending balance	430
Supply Chain & Freight
Goodwill [Roll Forward]
Beginning balance	2,279
Acquired	0
Currency / Other	16
Ending balance	$ 2,295

Summary of Intangible Assets (D

Summary of Intangible Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,918	$ 3,825
Accumulated Amortization	(2,349)	(2,276)
Net Carrying Value	1,569	1,549
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,798	2,739
Accumulated Amortization	(2,071)	(2,026)
Net Carrying Value	727	713
Licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	214	189
Accumulated Amortization	(127)	(116)
Net Carrying Value	87	73
Franchise rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	132	125
Accumulated Amortization	(85)	(83)
Net Carrying Value	47	42
Customer lists
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	512	511
Accumulated Amortization	(47)	(35)
Net Carrying Value	465	476
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	200	200
Accumulated Amortization	0	0
Net Carrying Value	200	200
Trademarks, patents, and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	62	61
Accumulated Amortization	(19)	(16)
Net Carrying Value	43	$ 45
Licenses
Finite-Lived Intangible Assets [Line Items]
Carrying value	5
Trade name
Finite-Lived Intangible Assets [Line Items]
Carrying value	$ 200

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) $ in Millions	1 Months Ended
	Aug. 31, 2015USD ($)
Coyote Logistics [Member]
Business Acquisition [Line Items]
Consideration to be paid for business acquisition	$ 1,829

Carrying Value of Outstanding D

Carrying Value of Outstanding Debt (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 15,183
Total Debt	15,438	$ 14,334
Less current maturities	(3,869)	(3,018)
Long-Term Debt	11,569	11,316
Commercial Paper
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 3,810
Maturity - Minimum Date	Dec. 31, 2016
Maturity - Maximum Date	Dec. 31, 2016
Total Debt	$ 3,809	2,965
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	$ 787	787
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	$ 1,075	1,064
Senior notes | Debentures 8 Point 375 Percent Due 2030 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	276
Total Debt	282	282
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	$ 1,648	1,613
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	$ 1,481	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	372
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	$ 1,028	991
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	$ 367	367
Senior notes | Debentures 8 Point 375 Percent Due 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	424
Total Debt	480	474
Senior notes | Floating rate senior notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 725
Maturity - Minimum Date	Jan. 1, 2049
Maturity - Maximum Date	Jan. 1, 2066
Total Debt	$ 717	600
Capital Lease Obligations
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 479
Maturity - Minimum Date	Dec. 31, 2016
Maturity - Maximum Date	Jan. 1, 3005
Total Debt	$ 479	475
Pound Sterling notes | Pound Sterling Notes 5 Point 5 Percent [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 96
Maturity - Maximum Date	Jan. 1, 2031
Debt instrument, stated interest rate	5.50%
Total Debt	$ 89	92
Pound Sterling notes | Pound Sterling Notes 5 Point 13 Percent [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	654
Total Debt	$ 623	638
Pound Sterling notes | Pound Sterling Notes 5 Point 125 Percent [Member]
Debt Instrument [Line Items]
Maturity - Maximum Date	Jan. 1, 2050
Debt instrument, stated interest rate	5.125%
Euro Senior Notes [Member] | 1.625% Euro Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 797
Long-term Debt	$ 790	759
Maturity - Maximum Date	Nov. 15, 2025
Debt instrument, stated interest rate	0.00%
Euro Senior Notes [Member] | Floating Rate Euro Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 569
Long-term Debt	$ 567	544
Maturity - Maximum Date	Jul. 15, 2020
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	$ 320
Maturity - Minimum Date	Jan. 1, 2016
Maturity - Maximum Date	Jan. 1, 2045
Total Debt	$ 320	319
Other debt
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 33
Maturity - Minimum Date	Jan. 1, 2016
Maturity - Maximum Date	Jan. 1, 2022
Total Debt	$ 33	$ 22

DEBT AND FINANCING ARRANGEMEN47

DEBT AND FINANCING ARRANGEMENTS - Additional Information (Detail) € in Millions, £ in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Mar. 31, 2016GBP (£)Credit_Agreements	Sep. 30, 2015	Mar. 31, 2016GBP (£)Credit_Agreements	Mar. 31, 2016EUR (€)Credit_Agreements	Mar. 31, 2016USD ($)Credit_Agreements	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Face value of debt instrument					$ 15,183
Number of credit agreements | Credit_Agreements	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%
Covenants that limit the amount of secured indebtedness and amount of attributable debt in sale-leaseback transactions, net tangible assets amount					$ 2,306
Sale-lease back outstanding					0
Secured debt outstanding					0
Long-term debt fair value					17,243	$ 15,524
U.S. Commercial Paper Program
Debt Instrument [Line Items]
Commercial paper program, authorized to borrow					10,000
Total debt					$ 2,926
Debt, weighted average interest rate	0.41%		0.41%	0.41%	0.41%
Foreign Commercial Paper Program
Debt Instrument [Line Items]
Commercial paper program, authorized to borrow | €				€ 5,000
Total debt	£ 115		£ 115		$ 165
Debt, weighted average interest rate	(0.18%)		(0.18%)	(0.18%)	(0.18%)
Revolving Credit Facility Expiring In 2015 [Member]
Debt Instrument [Line Items]
Revolving credit facilities					$ 1,500
Maturity			Mar. 24, 2017
Applicable margin for base rate below LIBOR	1.00%		1.00%	1.00%	1.00%
Revolving Credit Facility Expiring In 2017
Debt Instrument [Line Items]
Revolving credit facilities					$ 3,000
Maturity			Mar. 25, 2021
Applicable margin for base rate below LIBOR	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%
Senior notes | Floating Rate Senior Notes Due 2066
Debt Instrument [Line Items]
Face value of debt instrument					$ 118
Call period (in years)	30 years
Put period (in years)	1 year
Senior notes | A1125SeniorNotes [Member]
Debt Instrument [Line Items]
Face value of debt instrument					$ 375
Debt instrument, stated interest rate	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
Debt instrument, stated interest rate	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
Debt instrument, stated interest rate	3.625%		3.625%	3.625%	3.625%
Commercial Paper, Euro Denominated [Member] | U.S. Commercial Paper Program
Debt Instrument [Line Items]
Total debt				€ 630	$ 718
Commercial Paper
Debt Instrument [Line Items]
Face value of debt instrument					$ 3,810
Commercial Paper | Foreign Commercial Paper Program
Debt Instrument [Line Items]
Debt, weighted average interest rate						0.54%
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 | Floating Rate Senior Notes Due 2066
Debt Instrument [Line Items]
Applicable margin rates	0.30%
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%

LEGAL PROCEEDINGS AND CONTING48

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 | Freight_Forwarding_Companies	45
Loss Contingency, New Claims Filed, Number | Cases		4

LEGAL PROCEEDINGS AND CONTING49

LEGAL PROCEEDINGS AND CONTINGENCIES (Details)	1 Months Ended		3 Months Ended	24 Months Ended
	Aug. 31, 2010Freight_Forwarding_Companies	Jul. 31, 2009Defendants	Mar. 31, 2016Cases	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		12 Months Ended
	Mar. 31, 2016USD ($)VoteClasses_of_Common_Stock$ / sharesshares	Mar. 31, 2015USD ($)shares	Dec. 31, 2015USD ($)	May. 05, 2016shares	Feb. 14, 2013USD ($)
Stockholders Equity Note [Line Items]
Classes of Common Stock, Number | Classes_of_Common_Stock	2
Preferred stock, shares authorized | shares	200,000,000
Preferred stock, par value | $ / shares	$ 0.01
Preferred stock, issued | shares	0
Total of Class A and Class B common stock, repurchased, value | $	$ 680
Common stock authorized for purchase, amount | $					$ 10,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $	$ 761
Common stock purchases | shares	6,800,000
Noncontrolling Interest, Period Increase (Decrease) | $	$ 2	$ 1
Class A common stock
Stockholders Equity Note [Line Items]
Votes per common share | Vote	10
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized | shares	4,600,000,000
Total of Class A and Class B common stock, repurchased, value | $	$ 0	$ 0
Common stock purchases | shares	2,000,000	1,000,000
Class B common stock
Stockholders Equity Note [Line Items]
Votes per common share | Vote	1
Common stock, par value | $ / shares	$ 0.01
Common stock, shares authorized | shares	5,600,000,000
Total of Class A and Class B common stock, repurchased, value | $	$ 0	$ 0
Common stock purchases | shares	5,000,000	6,000,000
Class A and B Common Stock
Stockholders Equity Note [Line Items]
Total of Class A and Class B common stock, repurchased, value | $	$ 655	$ 687
Common stock purchases | shares	6,600,000	6,800,000
accelerated share repurchase program [Domain]
Stockholders Equity Note [Line Items]
Total of Class A and Class B common stock, repurchased, value | $	$ 300
Common stock purchases | shares	3,000,000
Subsequent Event
Stockholders Equity Note [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | shares				8,000,000,000
Call Option [Member]
Stockholders Equity Note [Line Items]
Option premiums received (paid) | $			$ (25)
Call Option [Member] | Class B common stock
Stockholders Equity Note [Line Items]
Total of Class A and Class B common stock, repurchased, value | $	$ 0
Options Held [Member]
Stockholders Equity Note [Line Items]
Option premiums received (paid) | $	$ (103)	$ 99
Option Indexed to Issuer's Equity, Shares | shares		600,000
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share | $ / shares	$ 81.97

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		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Stockholders Equity Note [Roll Forward]
Common stock purchases	(6.8)
Balance at beginning of period	$ 2,470
Net income	1,131	$ 1,026
Common stock purchases	(680)
Balance at end of period	$ 2,457		$ 2,470
Class A common stock
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	194	201	201
Common stock purchases	(2)	(1)
Stock award plans	4	2
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	$ 0	$ 0
Common stock issuances	1	1
Conversions of Class A to Class B common stock	(3)	(2)
Stock Issued During Period, Value, Conversion of Convertible Securities	$ 0	$ 0
Balance at end of period	194	201	194
Balance at beginning of period	$ 2	$ 2	$ 2
Common stock issuances	0	0
Common stock purchases	0	0
Balance at end of period	$ 2	$ 2	$ 2
Class B common stock
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	693	705	705
Common stock purchases	(5)	(6)
Conversions of Class A to Class B common stock	(3)	(2)
Stock Issued During Period, Value, Conversion of Convertible Securities	$ 0	$ 0
Balance at end of period	691	701	693
Balance at beginning of period	$ 7	$ 7	$ 7
Common stock purchases	0	0
Balance at end of period	7	7	7
Additional Paid-in Capital
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	0	0	0
Stock award plans	137	124
Common stock issuances	96	101
Option premiums received (paid)	103	(99)
Common stock purchases	(336)	(126)
Balance at end of period	0	0	0
Retained Earnings
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	6,001	5,726	5,726
Net income	1,131	1,026
Dividends ($0.57 and $0.52 per share)	(718)	(683)
Common stock purchases	(319)	(561)
Balance at end of period	$ 6,095	$ 5,508	$ 6,001
Common stock, cash paid for dividends, per share	$ 0.78	$ 0.73

Activity in Accumulated Other C

Activity in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (3,540)
Aggregate adjustment for the period (net of tax effect of $0 and $(9))	26	$ (304)
Current period changes in fair value (net of tax effect of $0, and $2)	3	2
Current period changes in fair value (net of tax effect of $(25) and $(32))	(162)	176
Balance at end of period	(3,647)	(3,688)
Foreign currency translation gain (loss):
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(897)	(457)
Aggregate adjustment for the period (net of tax effect of $0 and $(9))	26	(304)
Balance at end of period	(871)	(761)
Unrealized gain (loss) on marketable securities, net of tax:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(1)	0
Current period changes in fair value (net of tax effect of $0, and $2)	3	2
Reclassification to earnings (net of tax effect of $(1) and $(4))	0	0
Balance at end of period	2	2
Unrealized gain (loss) on cash flow hedges, net of tax:
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	67	61
Current period changes in fair value (net of tax effect of $(25) and $(32))	(100)	199
Reclassification to earnings (net of tax effect of $0 and $(6))	(62)	(23)
Balance at end of period	(95)	237
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(2,709)	(3,198)
Reclassification to earnings (net of tax effect of $16 and $28)	26	26
Balance at end of period	(2,683)	(3,166)
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Net of Tax	$ 0	$ 6

Activity in Accumulated Other53

Activity in Accumulated Other Comprehensive Income (Loss) (Phantoms) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (3,647)	$ (3,688)	$ (3,540)
Change in foreign currency translation adjustment, net of tax	26	(304)
Foreign currency translation gain (loss):
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(871)	(761)	(897)	$ (457)
Change in foreign currency translation adjustment, net of tax	26	(304)
Aggregate adjustment for the period, tax	0	0
Unrealized gain (loss) on marketable securities, net of tax:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	2	2	(1)	0
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	2	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	(95)	237	67	61
Current period changes in fair value, tax effect	(60)	120
Reclassification to earnings, tax effect	(38)	14
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,683)	(3,166)	$ (2,709)	$ (3,198)
Reclassification to earnings, tax effect	17	17
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Tax	$ 0	$ 3

Activity in Deferred Compensati

Activity in Deferred Compensation Program (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	(1)
Balance at end of period	(1)
Balance at beginning of period	$ 2,470
Balance at end of period	$ 2,457
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	$ (51)	$ (59)
Reinvested dividends	(1)	(1)
Benefit payments	9	11
Balance at end of period	(43)	(49)
Deferred Compensation Obligations
Stockholders Equity Note [Roll Forward]
Balance at beginning of period	51	59
Reinvested dividends	1	1
Benefit payments	(9)	(11)
Balance at end of period	$ 43	$ 49

Activity Related to Noncontroll

Activity Related to Noncontrolling Interests (Detail) $ in Millions	Mar. 31, 2016USD ($)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Balance at beginning of period	$ 21
Balance at end of period	$ 23

SHAREOWNERS' EQUITY Amounts Rec

SHAREOWNERS' EQUITY Amounts Reclassified from AOCI (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
AmountsReclassifiedFromAOCI [Line Items]
Change in foreign currency translation adjustment, net of tax	$ 26	$ (304)
Net Income [Member] [Member]
AmountsReclassifiedFromAOCI [Line Items]
TotalOtherComprehensiveIncomeReclassification, Net of Tax	36	(3)
Accumulated Translation Adjustment [Member]
AmountsReclassifiedFromAOCI [Line Items]
Change in foreign currency translation adjustment, net of tax	26	(304)
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
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	(38)	14
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	62	23
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	(38)	(14)
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	62	23
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)
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	(36)
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	106	79
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	26	26
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	(43)	(43)
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	17	17
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	$ (26)	$ (26)

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Countries_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
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenue	$ 14,418	$ 13,977
Operating Income (Loss)	1,823	1,673
U.S. Domestic Package
Segment Reporting Information [Line Items]
Revenue	9,084	8,814
Operating Income (Loss)	1,102	1,024
International Package
Segment Reporting Information [Line Items]
Revenue	2,914	2,970
Operating Income (Loss)	574	498
Supply Chain & Freight
Segment Reporting Information [Line Items]
Revenue	2,420	2,193
Operating Income (Loss)	$ 147	$ 151

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
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net income attributable to common shareowners	$ 1,131	$ 1,026
Denominator:
Weighted average shares	885	903
Deferred compensation obligations	1	1
Vested portion of restricted shares	3	2
Denominator for basic earnings per share	889	906
Effect of dilutive securities:
Denominator for diluted earnings per share	894	913
Basic earnings per share	$ 1.27	$ 1.13
Diluted earnings per share	$ 1.27	$ 1.12
Restricted performance units
Effect of dilutive securities:
Incremental common shares attributable to share-based payment arrangements	4	6
Stock option plans
Effect of dilutive securities:
Incremental common shares attributable to share-based payment arrangements	1	1

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
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	0.5	0.2

DERIVATIVE INSTRUMENTS AND RI61

DERIVATIVE INSTRUMENTS AND RISK MANAGEMENT - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral received under contractual provisions	$ 641	$ 717
Maximum term over hedging exposures to the variability of cash flow	16 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	$ 200
Derivative, Collateral, Right to Reclaim Cash	$ 1	$ 0

Notional Amounts of Outstanding

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

Mar. 31, 2016GBP (£)

Mar. 31, 2016EUR (€)

Mar. 31, 2016USD ($)

Mar. 31, 2016MXN

Mar. 31, 2016CAD

Mar. 31, 2016JPY (¥)

Dec. 31, 2015GBP (£)

Dec. 31, 2015EUR (€)

Dec. 31, 2015USD ($)

Dec. 31, 2015MXN

Dec. 31, 2015CAD

Dec. 31, 2015JPY (¥)

Derivative [Line Items]

Derivative, Notional Amount

£ 1,056

€ 3,579

MXN 2,004

CAD 933

¥ 18,000

£ 1,140

€ 3,750

MXN 3,863

CAD 177

¥ 20,000

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

778

778

Price Risk Derivative [Member]

Derivative [Line Items]

Derivative, Notional Amount

$ 389

$ 496

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	Mar. 31, 2016	Dec. 31, 2015
Asset Derivatives
Asset Derivatives	$ 812	$ 768
Derivative Asset, Fair Value, Net	783	738
Derivative Liabilities [Abstract]
Liability Derivatives	98	53
Derivative Liability, Fair Value, Amount Offset Against Collateral	69	23
Designated as Hedging Instrument | Foreign Exchange Contracts | Other current assets
Asset Derivatives
Asset Derivatives	257	408
Derivative Asset, Fair Value, Net	256	408
Designated as Hedging Instrument | Foreign Exchange Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	28	92
Derivative Asset, Fair Value, Net	23	92
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	2	0
Designated as Hedging Instrument | Foreign Exchange Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	41	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	36	0
Designated as Hedging Instrument | Interest Rate Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	293	204
Derivative Asset, Fair Value, Net	279	185
Designated as Hedging Instrument | Interest Rate Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	14	19
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	0
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other current assets
Asset Derivatives
Asset Derivatives	0	2
Derivative Asset, Fair Value, Net	0	0
Not Designated as Hedging Instrument | Foreign Exchange Contracts | Other current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	7	12
Derivative Liability, Fair Value, Amount Offset Against Collateral	7	10
Not Designated as Hedging Instrument | Price Risk Derivative [Member] | Other current assets
Asset Derivatives
Asset Derivatives	159	5
Derivative Asset, Fair Value, Net	159	0
Not Designated as Hedging Instrument | Price Risk Derivative [Member] | Other current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	0	9
Derivative Liability, Fair Value, Amount Offset Against Collateral	0	4
Not Designated as Hedging Instrument | Interest Rate Contracts | Other noncurrent assets
Asset Derivatives
Asset Derivatives	75	57
Derivative Asset, Fair Value, Net	66	53
Not Designated as Hedging Instrument | Interest Rate Contracts | Other non-current liabilities
Derivative Liabilities [Abstract]
Liability Derivatives	33	13
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 24	$ 9

Amount and Location in the Inco

Amount and Location in the Income Statement for Derivatives Designed as Cash Flow Hedges (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ (85)	$ 0
Net Investment Hedging [Member] | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	(85)	0
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	(160)	319
Cash Flow Hedging [Member] | Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	(2)	(1)
Cash Flow Hedging [Member] | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ (158)	$ 320

Amount and Location in the In65

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
	Mar. 31, 2016	Mar. 31, 2015
Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 95	$ 55
Fixed-Rate Debt and Capital Leases
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (95)	$ (55)

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
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 112	$ 20
Foreign Exchange Contracts | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	0	21
Foreign Exchange Contracts | Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(41)	2
Price Risk Derivative [Member] | Investment Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	155	(2)
Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (2)	$ (1)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income Tax Data [Line Items]
Effective tax rate	35.30%	35.50%