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Segment information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment information Segment information
Reportable Segments Information
The Company’s business is organized into two reportable segments, Global Warehousing and Global Integrated Solutions. The following table presents segment revenues and segment net operating income (NOI), with a reconciliation to Net income (loss) before income taxes. All inter-segment transactions are not significant and have been eliminated in consolidation. Asset information by reportable segment is not presented, as the Company does not produce such information internally and the CODM does not use such information to manage the business. 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)2024202320242023
Global Warehousing revenues$966 $964 $1,935 $1,922 
Global Integrated Solutions revenues372 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 operations309 322 609 640
Total cost of operations$891 $905 $1,775 $1,795 
Global Warehousing NOI$384 $381 $769 $767 
Global Integrated Solutions NOI63 60 122 117 
Total NOI447 441 891 884 
Reconciling items:
General and administrative expense(127)(124)(251)(239)
Depreciation expense(164)(136)(322)(265)
Amortization expense(55)(52)(108)(104)
Acquisition, transaction, and other expense(12)(15)(20)(26)
Restructuring, impairment, and gain (loss) on disposals(15)(3)(15)(7)
Equity income (loss), net of tax(1)— (3)— 
Gain (loss) on foreign currency transactions, net2 (3)(9)(4)
Interest expense, net(148)(116)(287)(231)
Gain (loss) on extinguishment of debt— — (7)— 
Net income (loss) before income taxes$(73)$(8)$(131)$8 
Capital expenditures for property, plant, and equipment:
Global Warehousing capital expenditures$154 $130 $238 $276 
Global Integrated Solutions capital expenditures13 25 20 49 
Corporate capital expenditures31 28 57 55 
Total capital expenditures for property, plant, and equipment$198 $183 $315 $380