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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Selected Financial Data for Each Reportable Segment

Selected financial data for our segments is as follows:

												Three Months Ended March 31,
(in millions)																		2024						2023
Revenue
North American LTL																		$	1,221					$	1,120
European Transportation																		797						787
Total																		$	2,018					$	1,907
Adjusted EBITDA
North American LTL																		$	255					$	182
European Transportation																		38						37
Corporate																		(5)						(9)
Total Adjusted EBITDA																		288						210
Less:
Interest expense																		58						42
Income tax provision																		23						4
Depreciation and amortization expense																		117						101
Transaction and integration costs (1)																		14						22
Restructuring costs (2)																		8						24
Income from continuing operations																		$	67					$	17
Depreciation and amortization expense
North American LTL																		$	82					$	68
European Transportation																		34						32
Corporate																		1						1
Total																		$	117					$	101

(1)    Transaction and integration costs for the first quarter of 2024 and 2023 are primarily comprised of stock-based compensation for certain employees related to strategic initiatives. Transaction and integration costs for the three months ended March 31, 2024 and 2023 include $1 million and $1 million, respectively, related to our European Transportation segment, and $13 million and $21 million, respectively, related to Corporate.

(2)    Restructuring costs for the three months ended March 31, 2024 and 2023 include $0 million and $6 million, respectively, related to our North American LTL segment, $8 million and $7 million, respectively, related to our European Transportation segment, and $0 million and $11 million, respectively, related to Corporate. See Note 4— 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

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-Name Accounting Standards Codification
-Topic 350
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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-Name Accounting Standards Codification
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