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Discontinued Operations | 3 Months Ended
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Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations As discussed above, the results of RXO and intermodal are presented as discontinued operations. In addition, discontinued operations include GXO Logistics, Inc. (“GXO”), our former logistics segment that we spun off in August 2021. The following table summarizes the results of operations from discontinued operations:
|  |  |  |  |  | Three Months Ended March 31,
(In millions) |  |  |  |  |  |  |  | 2022
Revenue |  |  |  |  |  |  |  | $ | 1,645 |
Salaries, wages and employee benefits |  |  |  |  |  |  |  | 164 |
Purchased transportation |  |  |  |  |  |  |  | 1,221 |
Fuel, operating expenses and supplies |  |  |  |  |  |  |  | 115 |
Operating taxes and licenses |  |  |  |  |  |  |  | 1 |
Insurance and claims |  |  |  |  |  |  |  | 9 |
Depreciation and amortization expense |  |  |  |  |  |  |  | 22 |
Gain on sale of business |  |  |  |  |  |  |  | (450) |
Transaction and other operating costs |  |  |  |  |  |  |  | 2 |
Operating income |  |  |  |  |  |  |  | 561 |
Income tax provision |  |  |  |  |  |  |  | 105 |
Net income from discontinued operations attributable to discontinued operations |  |  |  |  |  |  |  | $ | 456 |
For the three months ended March 31, 2023, we incurred approximately $24 million of costs related to the RXO spin-off, of which $4 million are reflected within income (loss) from discontinued operations in our Condensed Consolidated Statements of Income. For the three months ended March 31, 2022, we incurred approximately $4 million of costs related to the GXO spin-off all of which are reflected within income from continuing operations in our Condensed Consolidated Statements of income. In accordance with a separation and distribution agreement, GXO has agreed to indemnify XPO for payments XPO makes with respect to certain self-insurance matters that were incurred by the logistics segment prior to the spin-off and remain obligations of XPO. The receivable and reserve for these matters was approximately $16 million and $15 million, respectively, as of March 31, 2023 and approximately $17 million and $16 million, respectively, as of December 31, 2022.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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