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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2016
Business Acquisition [Line Items] |
Business Acquisition Pro Forma Information | The following unaudited pro forma consolidated results of operations for the six-month period ended June 30, 2015 present consolidated information of the Company as if the acquisitions of Con-way and ND had occurred as of January 1, 2015:
| Pro Forma Six Months Ended
(Dollars in millions, except per share data) | June 30, 2015
Revenue | $ | 7,270.7 |
Operating income | $ | 149.7 |
Net loss | $ | (50.9 | )
Basic loss per share | $ | (0.44 | )
Diluted loss per share | $ | (0.44 | )
Con-Way |
Business Acquisition [Line Items] |
Schedule of Fair Value of Consideration Transferred |
(Dollars in millions) |
Cash consideration | $ | 2,706.6 |
Liability for equity award settlement | 30.9 |
Portion of replacement equity awards attributable to pre-acquisition service | 17.6 |
Cash acquired | (437.3 | )
Total consideration | $ | 2,317.8 |
Recognized Identified Assets Acquired and Liabilities Assumed | The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of October 30, 2015:
(Dollars in millions) |
Consideration | $ | 2,317.8 |
Accounts receivable | 677.6 |
Other current assets | 143.3 |
Property and equipment | 1,864.6 |
Trade name | 5.6 |
Customer relationships | 641.0 |
Other long-term assets | 53.5 |
Accounts payable | (361.8 | )
Accrued expenses | (393.6 | )
Other current liabilities | (27.5 | )
Long-term debt | (640.6 | )
Deferred tax liabilities | (609.5 | )
Employee benefit obligations | (153.5 | )
Other long-term liabilities | (197.0 | )
Goodwill | $ | 1,315.7 |
ND |
Business Acquisition [Line Items] |
Schedule of Fair Value of Consideration Transferred | Total consideration is summarized in the table below in Euros ("EUR") and USD:
(In millions) | In EUR |  | In USD
Cash consideration | € | 1,437.0 |  |  | $ | 1,603.9 |
Liability for performance share settlement | 11.8 |  |  | 13.2 |
Repayment of indebtedness | 628.5 |  |  | 705.0 |
Noncontrolling interests | 702.5 |  |  | 784.2 |
Cash acquired | (134.6 | ) |  | (151.0 | )
Total consideration | € | 2,645.2 |  |  | $ | 2,955.3 |
Recognized Identified Assets Acquired and Liabilities Assumed | The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of June 8, 2015:
(In millions) |
Consideration | $ | 2,955.3 |
Accounts receivable | 1,058.5 |
Other current assets | 353.6 |
Deferred tax assets | 44.6 |
Property and equipment | 706.1 |
Trade name covenants | 40.0 |
Non-compete agreements | 5.6 |
Customer relationships | 827.0 |
Other long-term assets | 57.1 |
Accounts payable | (806.0 | )
Accrued expenses | (428.2 | )
Other current liabilities | (131.8 | )
Long-term debt | (643.4 | )
Deferred tax liabilities | (237.7 | )
Employee benefit obligations | (142.3 | )
Other long-term liabilities | (177.2 | )
Noncontrolling interests | (37.2 | )
Goodwill | $ | 2,466.6 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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