UPS 2011 Annual Report Download - page 122
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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Geographic information as of, and for the years ended, December 31 is as follows (in millions):
2011 2010 2009
United States:
Revenue ...................................................... $39,347 $36,795 $34,375
Long-lived assets ............................................... $16,085 $16,693 $17,336
International:
Revenue ...................................................... $13,758 $12,750 $10,922
Long-lived assets ............................................... $ 5,220 $ 5,047 $ 4,935
Consolidated:
Revenue ...................................................... $53,105 $49,545 $45,297
Long-lived assets ............................................... $21,305 $21,740 $22,271
Long-lived assets include property, plant and equipment, pension and postretirement benefit assets, long-
term investments, goodwill, and intangible assets.
No countries outside of the United States, nor any individual customers, provided 10% or more of
consolidated revenue in 2011, 2010 or 2009.
NOTE 13. INCOME TAXES
The income tax expense (benefit) for the years ended December 31 consists of the following (in millions):
2011 2010 2009
Current:
U.S. Federal ...................................................... $1,371 $ 776 $ 715
U.S. State and Local ................................................ 121 119 30
Non-U.S. ......................................................... 166 161 147
Total Current ................................................. 1,658 1,056 892
Deferred:
U.S. Federal ...................................................... 262 828 137
U.S. State and Local ................................................ 44 98 21
Non-U.S. ......................................................... 8 (30) 55
Total Deferred ................................................ 314 896 213
Total ........................................................ $1,972 $1,952 $1,105
Income before income taxes includes the following components (in millions):
2011 2010 2009
United States ......................................................... $5,309 $4,586 $2,750
Non-U.S. ............................................................. 467 704 323
$5,776 $5,290 $3,073
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