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ASSETS HELD FOR SALE | 6 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
ASSETS HELD FOR SALE | ASSETS HELD FOR SALE On June 23, 2024, we announced that we have entered into a definitive agreement to divest our truckload brokerage business, Coyote, for $1.025 billion, subject to working capital and other adjustments. We report Coyote within our Forwarding businesses in Supply Chain Solutions. The following table summarizes the carrying values of the assets and liabilities classified as held for sale in our consolidated balance sheets as of June 30, 2024 (in millions):
| 2024
Assets: |
Cash and cash equivalents | $ | 10 |
Accounts receivable, net | 370 |
Other current assets | 95 |
Goodwill | 494 |
Intangible assets, net | 193 |
Other non-current assets | 21 |
Total assets held for sale | $ | 1,183 |
Liabilities: |
Accounts payable | $ | 215 |
Other current liabilities | 48 |
Other non-current liabilities | 110 |
Total liabilities to be disposed of | $ | 373 |
Net assets held for sale | $ | 810 |
We expect the transaction, which is subject to customary closing conditions and regulatory approval, to close in the second half of 2024.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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