v3.25.4

Segment Reporting and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Selected Financial Data for Each Reportable Segment

The following tables present revenue and significant segment expenses that are included within adjusted EBITDA:

						Year Ended December 31, 2025
(in millions)						North American LTL						European Transportation						Corporate (1)						Total
Revenue						$	4,832					$	3,324					$	—					$	8,157
Salaries, wages and employee benefits						2,520						888						15						3,424
Purchased transportation						123						1,539						—						1,662
Fuel, operating expenses and supplies						885						686						1						1,571
Operating taxes and licenses						67						17						—						83
Insurance and claims						111						55						1						167
Gains on sales of property and equipment						(9)						(8)						—						(17)
Pension (income) expense						(6)						1						—						(6)
Other (income) expense						—						1						(1)						—
Adjusted EBITDA						$	1,142					$	147					$	(16)					$	1,272

						Year Ended December 31, 2024
(in millions)						North American LTL						European Transportation						Corporate (1)						Total
Revenue						$	4,899					$	3,173					$	—					$	8,072
Salaries, wages and employee benefits						2,515						846						16						3,377
Purchased transportation						248						1,454						—						1,701
Fuel, operating expenses and supplies						928						661						—						1,589
Operating taxes and licenses						65						15						—						80
Insurance and claims						80						51						3						134
Gains on sales of property and equipment						(27)						(14)						—						(40)
Pension (income) expense						(25)						1						—						(25)
Other (income) expense						—						1						(12)						(12)
Adjusted EBITDA						$	1,115					$	158					$	(7)					$	1,266

						Year Ended December 31, 2023
(in millions)						North American LTL						European Transportation						Corporate (1)						Total
Revenue						$	4,671					$	3,073					$	—					$	7,744
Salaries, wages and employee benefits						2,346						795						18						3,159
Purchased transportation						366						1,394						—						1,760
Fuel, operating expenses and supplies						956						661						6						1,623
Operating taxes and licenses						48						12						—						60
Insurance and claims						102						59						6						167
(Gains) losses on sales of property and equipment						8						(13)						—						(5)
Pension (income) expense						(17)						—						—						(17)
Other (income) expense						(2)						2						1						1
Adjusted EBITDA						$	864					$	163					$	(31)					$	996

(1)    Primarily represents unallocated corporate costs, as well as investment income of approximately $13 million within Other (income) expense in 2024.

The following table presents adjusted EBITDA by segment and provides a reconciliation to consolidated income from continuing operations:

						Years Ended December 31,
(in millions)						2025						2024						2023
Adjusted EBITDA
North American LTL						$	1,142					$	1,115					$	864
European Transportation						147						158						163
Corporate						(16)						(7)						(31)
Total Adjusted EBITDA						1,272						1,266						996
Less:
Debt extinguishment loss						6						—						25
Interest expense						219						223						168
Income tax provision						121						86						68
Depreciation and amortization expense						521						490						432
Pre-Con-way acquisition environmental matter (1)						35						—						—
Legal matters (2)						(13)						—						8
Transaction and integration costs						8						53						58
Restructuring costs						59						27						44
Other						—						—						1
Income from continuing operations						$	316					$	387					$	192

(1)    Relates to environmental and product liability claims involving a former subsidiary of Con-way, which was sold prior to XPO's acquisition of Con-way in 2015.

(2)    In 2025, reflects the settlement of claims against certain truck manufacturers related to purchases by our European Transportation segment covering periods prior to our acquisition of Norbert Dentressangle SA in 2015. For 2023, see Note 17— Commitments and Contingencies for further information on the California Environmental Matters.

The following table presents depreciation and amortization expense by segment:

						Years Ended December 31,
(in millions)						2025						2024						2023
Depreciation and amortization expense
North American LTL						$	381					$	346					$	291
European Transportation						136						140						136
Corporate						4						4						5
Total						$	521					$	490					$	432

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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