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Segment information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Capital expenditures by segment | Capital expenditures for property, plant, and equipment presented below by segment are inclusive of purchases recorded in Accounts payable and accrued liabilities during each period.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Global Warehousing revenues | $ | 966 |  |  | $ | 964 |  |  | $ | 1,935 |  |  | $ | 1,922 |
Global Integrated Solutions revenues | 372 |  |  | 382 |  |  | 731 |  |  | 757 |
Total net revenues | $ | 1,338 |  |  | $ | 1,346 |  |  | $ | 2,666 |  |  | $ | 2,679 |
Global Warehousing cost of operations | $ | 582 |  |  | $ | 583 |  |  | $ | 1,166 |  |  | $ | 1,155 |
Global Integrated Solutions cost of operations | 309 |  |  | 322 |  |  | 609 |  |  | 640
Total cost of operations | $ | 891 |  |  | $ | 905 |  |  | $ | 1,775 |  |  | $ | 1,795 |
Global Warehousing NOI | $ | 384 |  |  | $ | 381 |  |  | $ | 769 |  |  | $ | 767 |
Global Integrated Solutions NOI | 63 |  |  | 60 |  |  | 122 |  |  | 117 |
Total NOI | 447 |  |  | 441 |  |  | 891 |  |  | 884 |
Reconciling items: |  |  |  |  |  |  |
General and administrative expense | (127) |  |  | (124) |  |  | (251) |  |  | (239) |
Depreciation expense | (164) |  |  | (136) |  |  | (322) |  |  | (265) |
Amortization expense | (55) |  |  | (52) |  |  | (108) |  |  | (104) |
Acquisition, transaction, and other expense | (12) |  |  | (15) |  |  | (20) |  |  | (26) |
Restructuring, impairment, and gain (loss) on disposals | (15) |  |  | (3) |  |  | (15) |  |  | (7) |
Equity income (loss), net of tax | (1) |  |  | — |  |  | (3) |  |  | — |
Gain (loss) on foreign currency transactions, net | 2 |  |  | (3) |  |  | (9) |  |  | (4) |
Interest expense, net | (148) |  |  | (116) |  |  | (287) |  |  | (231) |
Gain (loss) on extinguishment of debt | — |  |  | — |  |  | (7) |  |  | — |
Net income (loss) before income taxes | $ | (73) |  |  | $ | (8) |  |  | $ | (131) |  |  | $ | 8 |
Capital expenditures for property, plant, and equipment: |  |  |  |  |  |  |
Global Warehousing capital expenditures | $ | 154 |  |  | $ | 130 |  |  | $ | 238 |  |  | $ | 276 |
Global Integrated Solutions capital expenditures | 13 |  |  | 25 |  |  | 20 |  |  | 49 |
Corporate capital expenditures | 31 |  |  | 28 |  |  | 57 |  |  | 55 |
Total capital expenditures for property, plant, and equipment | $ | 198 |  |  | $ | 183 |  |  | $ | 315 |  |  | $ | 380 |

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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 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 + Details
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