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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

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:

						Three Months Ended March 31, 2026
(In millions)						North American LTL						European Transportation						Corporate (1)						Total
Revenue						$	1,229					$	868					$	—					$	2,096
Salaries, wages and employee benefits						642						235						4						880
Purchased transportation						30						394						—						423
Fuel, operating expenses and supplies						236						187						—						423
Operating taxes and licenses						16						5						—						21
Insurance and claims						18						16						—						34
(Gains) losses on sales of property and equipment						1						(2)						—						(1)
Pension (income) expense						(4)						—						—						(4)
Adjusted EBITDA						$	290					$	33					$	(4)					$	319

						Three Months Ended March 31, 2025
(In millions)						North American LTL						European Transportation						Corporate (1)						Total
Revenue						$	1,172					$	782					$	—					$	1,954
Salaries, wages and employee benefits						615						212						4						832
Purchased transportation						37						363						—						399
Fuel, operating expenses and supplies						232						162						—						393
Operating taxes and licenses						16						3						—						19
Insurance and claims						24						10						—						35
(Gains) losses on sales of property and equipment						—						(1)						—						(2)
Pension (income) expense						(2)						—						—						(1)
Adjusted EBITDA						$	250					$	32					$	(4)					$	278

(1)    Primarily represents unallocated corporate costs.

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

												Three Months Ended March 31,
(In millions)																		2026						2025
Adjusted EBITDA
North American LTL																		$	290					$	250
European Transportation																		33						32
Corporate																		(4)						(4)
Total Adjusted EBITDA																		319						278
Less:
Debt extinguishment loss																		—						5
Interest expense																		53						56
Income tax provision																		23						22
Depreciation and amortization expense																		131						123
Legal matters (1)																		—						(11)
Transaction and integration costs																		2						3
Restructuring costs																		9						12
Net Income																		$	101					$	69

(1)    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.

The following table presents depreciation and amortization expense by segment:

												Three Months Ended March 31,
(In millions)																		2026						2025
Depreciation and amortization expense
North American LTL																		$	97					$	90
European Transportation																		33						32
Corporate																		1						1
Total																		$	131					$	123

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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X

- References

No definition available.

+ Details

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