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Segment information (Tables)

6 Months Ended

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

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X

- References

No definition available.

+ Details

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