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Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Earnings per Share, Basic and Diluted

The computations of basic and diluted earnings per share were as follows:


		Years Ended December 31,
(In millions, except per share data)		2022		2021		2020
Basic earnings (loss) per common share
	Income (loss) from continuing operations	$	184	$	96	$	(110)
	Net loss from continuing operations attributable to noncontrolling interests	—		—		3
	Net income (loss) from continuing operations attributable to XPO	184		96		(107)
	Preferred Stock conversion charge	—		—		(22)
	Preferred Stock dividends	—		—		(3)
	Non-cash allocation of undistributed earnings	—		—		(6)
	Net income (loss) from continuing operations attributable to common shares	$	184	$	96	$	(138)

	Income from discontinued operations, net of taxes	$	482	$	245	$	227
	Net income from discontinued operations attributable to noncontrolling interests	—		(5)		(10)
	Net income from discontinued operations attributable to common shares	$	482	$	240	$	217

	Net income (loss) from continuing operations attributable to common shares, basic	$	184	$	96	$	(138)
	Net income from discontinued operations attributable to common shares, basic	482		240		217
Net income attributable to common shares, basic		$	666	$	336	$	79

Basic weighted-average common shares		115		112		92

Basic earnings (loss) from continuing operations per share		$	1.60	$	0.85	$	(1.50)
Basic earnings from discontinued operations per share		4.19		2.14		2.37
Basic earnings per share		$	5.79	$	2.99	$	0.87

Diluted earnings (loss) per common share
	Net income (loss) from continuing operations attributable to common shares, diluted	$	184	$	96	$	(138)
	Net income from discontinued operations attributable to common shares, diluted	482		240		217
Net income attributable to common shares, diluted		$	666	$	336	$	79

Basic weighted-average common shares		115		112		92

	Dilutive effect of stock-based awards and warrants	1		2		—
Diluted weighted-average common shares		116		114		92

Diluted earnings (loss) from continuing operations per share		$	1.59	$	0.83	$	(1.50)
Diluted earnings from discontinued operations per share		4.17		2.10		2.37
Diluted earnings per share		$	5.76	$	2.93	$	0.87

Potential common shares excluded		—		—		20