UPS · 10-Q · 2026Q3 · Full report
Outstanding Indebtedness
UNITED PARCEL SERVICE INC · 2026-11-04 · Importance 42 · Surprise 14 · No source text
Total debt outstanding was $26.078 billion at September 30, 2026, compared with $24.782 billion at the end of the 2025 comparison period. During the first nine months of 2026, UPS issued $1.3 billion of fixed- and floating-rate senior notes and repaid $133 million of senior notes and finance lease obligations. No balances were outstanding under the U.S. or European commercial paper programs at September 30, 2026, and $500 million of fixed-rate senior notes maturing in 2026 was expected to be repaid when due.
Key facts
- UPS had total debt outstanding of $26.078 billion as of September 30, 2026, compared with $24.782 billion at the prior-year period end. source
- UPS issued $1.3 billion of fixed-rate and floating-rate senior notes of varying maturities in the nine months ended September 30, 2026. source
- UPS had $500 million of outstanding fixed-rate senior notes maturing in 2026 as of September 30, 2026 and intended to repay them when due. source
- UPS's debt issuances generated $870 million in financing cash proceeds because a portion of fixed-rate senior notes was contributed directly to company-sponsored pension plans as a noncash financing activity. source
- UPS had no outstanding balances under its U.S. or European commercial paper programs as of September 30, 2026. source
- UPS repaid $133 million of senior notes and finance lease obligations in the nine months ended September 30, 2026. source
- UPS had parent company guarantees of approximately $1.8 billion related to aircraft leases as of September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -1.8% | UPS had total debt outstanding of $26.078 billion as of September 30, 2026, compared with $24.782 billion at the prior-year period end. |
| cash | positive | realized | +1.2% | UPS issued $1.3 billion of fixed-rate and floating-rate senior notes of varying maturities in the nine months ended September 30, 2026. |
| cash | negative | committed | -0.6% | UPS had $500 million of outstanding fixed-rate senior notes maturing in 2026 as of September 30, 2026 and intended to repay them when due. |
| liability | positive | committed | +0.6% | UPS had $500 million of outstanding fixed-rate senior notes maturing in 2026 as of September 30, 2026 and intended to repay them when due. |