v3.26.3
CREDIT RISK
 4 Months Ended
Sep. 30, 2026
Credit Loss [Abstract]  
CREDIT RISK CREDIT RISK.
Changes in the allowance for credit losses during the three- and four-month periods ended September 30, 2026 and 2025 were as follows:
Three Months EndedFour Months Ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Allowance, beginning of period$140 $12 $140 $12 
Current period provision for expected credit losses28 6 39 8 
Write-offs charged against allowance(33)(4)(44)(6)
Recoveries collected1 — 1 — 
Allowance, end of period$136 $14 $136 $14 
Changes in allowance for revenue adjustments during the three- and four-month periods ended September 30, 2026 and 2025 were as follows:
Three Months EndedFour Months Ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Allowance, beginning of period$65 $2 $64 $2 
Current period provision for expected revenue adjustments60 4 79 4 
Write-offs charged against allowance(65)(2)(83)(2)
Allowance, end of period$60 $4 $60 $4 
Activity related to receivables historically sold under the Company’s factoring agreement with FedEx is excluded from the changes in the allowance for credit losses and allowance for revenue adjustments for periods prior to December 1, 2025. Excluded from the table above are adjustments to revenue recognized prior to the termination of the factoring agreement. These revenue adjustments were $43 million and $57 million for the three- and four-month periods ended September 30, 2025, respectively. Refer to Note 12, Related Party Transactions, for additional information related to the Company’s participation in the historical factoring agreement with FedEx and factoring fees incurred.