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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Selected Financial Data for Each Reportable Segment

Selected financial data for our segments is as follows:

												Three Months Ended March 31,
(in millions)																		2023						2022
Revenue
North American LTL																		$	1,120					$	1,107
European Transportation																		787						787
Total																		$	1,907					$	1,894
Adjusted EBITDA
North American LTL																		$	182					$	186
European Transportation																		37						38
Corporate																		(9)						(40)
Total Adjusted EBITDA																		210						184
Less:
Interest expense																		42						37
Income tax provision																		4						8
Depreciation and amortization expense																		101						94
Transaction and integration costs (1)																		22						7
Restructuring costs (2)																		24						6
Income from continuing operations																		$	17					$	32
Depreciation and amortization expense
North American LTL																		$	68					$	56
European Transportation																		32						33
Corporate																		1						5
Total																		$	101					$	94

(1)    Transaction and integration costs for the first quarter of 2023 are primarily comprised of stock-based compensation for certain employees related to strategic initiatives. Transaction and integration costs for the first quarter of 2022 are primarily comprised of third-party professional fees related to strategic initiatives as well as retention awards paid to certain employees. Transaction and integration costs for the three months ended March 31, 2023 and 2022 include $1 million and $2 million, respectively, related to our European Transportation segment and $21 million and $5 million, respectively, related to Corporate.

(2)    See Note 5— Restructuring Charges for further information on our restructuring actions.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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