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Restructuring Charges
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
We engage in restructuring actions as part of our ongoing efforts to best use our resources and infrastructure. These actions primarily relate to business optimization initiatives and generally include severance and facility-related costs, including impairment of lease assets, as well as contract termination costs, and are intended to improve our efficiency and profitability.
Our restructuring-related activity was as follows:
Three Months Ended March 31, 2026
(In millions)Reserve Balance
as of
December 31, 2025
Charges IncurredPaymentsReserve Balance
as of
March 31, 2026
Severance
North American LTL$$— $— $— 
European Transportation(3)
Corporate(2)
Total$11 $$(5)$11 
In addition to the severance charges noted in the table above, we recorded restructuring-related charges in our European Transportation segment and Corporate of $2 million and $1 million, respectively, during the first three months of 2026.
We expect that the majority of the cash outlays related to the severance charges incurred in the first three months of 2026 will be completed within 12 months.