XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
ASSETS HELD FOR SALE
 6 Months Ended
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, net370 
Other current assets95 
Goodwill
494 
Intangible assets, net
193 
Other non-current assets21 
Total assets held for sale$1,183 
Liabilities:
Accounts payable$215 
Other current liabilities48 
Other non-current liabilities110 
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.