Discontinued Operations

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

As discussed above, the results of RXO and intermodal are presented as discontinued operations.

The following table summarizes the results of operations from discontinued operations:


	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2022		2022
Revenue	$	1,227	$	2,872
Salaries, wages and employee benefits	151		315
Purchased transportation	879		2,100
Fuel, operating expenses and supplies	76		191
Operating taxes and licenses	1		2
Insurance and claims	4		13
Depreciation and amortization expense	19		41
(Gain) loss on sale of business	16		(434)
Transaction and other operating costs	21		23
Operating income	60		621



Income tax provision	15		120


Net income from discontinued operations attributable to discontinued operations	$	45	$	501

For the three and six months ended June 30, 2023, we incurred approximately $16 million and $40 million, respectively, of costs related to the RXO spin-off, of which $0 million and $4 million, respectively, are reflected within income (loss) from discontinued operations in our Condensed Consolidated Statements of Income. For the three and six months ended June 30, 2022, we incurred approximately $18 million and $21 million, respectively, of costs related to the RXO spin-off, of which $17 million and $20 million, respectively, are reflected within income (loss) from discontinued operations in our Condensed Consolidated Statements of Income.