Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name UNITED PARCEL SERVICE INC
CIK 0001090727
Accession number 0001090727-14-000009
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1090727/000109072714000009/ups-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Filer created extension concept for deferred tax liability. Ups:DeferredTaxLiabilitiesGross
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Deferred tax liabilities and assets are comprised of the following at December 31 (in millions):
 
2013
 
2012
Property, plant and equipment
$
(3,613
)
 
$
(3,624
)
Goodwill and intangible assets
(1,116
)
 
(1,035
)
Other
(651
)
 
(617
)
Deferred tax liabilities
(5,380
)
 
(5,276
)
Pension and postretirement benefits
3,086

 
4,608

Loss and credit carryforwards (non-U.S. and state)
279

 
258

Insurance reserves
765

 
737

Vacation pay accrual
224

 
209

Stock compensation
70

 
159

Other
709

 
708

Deferred tax assets
5,133

 
6,679

Deferred tax assets valuation allowance
(251
)
 
(220
)
Deferred tax asset (net of valuation allowance)
4,882

 
6,459

Net deferred tax asset (liability)
$
(498
)
 
$
1,183

 
 
 
 
Amounts recognized in the consolidated balance sheets:
 
 
 
Current deferred tax assets
$
684

 
$
583

Current deferred tax liabilities (included in other current liabilities)
(48
)
 
(36
)
Non-current deferred tax assets
110

 
684

Non-current deferred tax liabilities
(1,244
)
 
(48
)
Net deferred tax asset (liability)
$
(498
)
 
$
1,183

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 5,133,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -251,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 4,882,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities 0
Deferred tax assets (liabilities), net -498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -5,380,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 684,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 110,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current -48,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -1,244,000,000
Deferred tax assets (liabilities), net -498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 4,882,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net 0
Deferred tax assets (liabilities), net -498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -5,380,000,000

*

*

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