XML 48 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Allowance for Doubtful Accounts Rollforward
The roll-forward of the allowance for doubtful accounts is as follows:
 
 
Years Ended December 31,
(In millions)
 
2018
 
2017
 
2016
Beginning balance
 
$
42

 
$
26

 
$
17

Provision charged to expense
 
36

 
24

 
15

Write-offs, less recoveries, and other adjustments
 
(26
)
 
(8
)
 
(6
)
Ending balance
 
$
52

 
$
42

 
$
26

Estimated Useful Lives of Assets
Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:
Classification
 
Estimated Useful Life
Buildings and leasehold improvements
 
Term of lease to 40 years
Vehicles, containers, tractors, trailers and tankers
 
3 to 14 years
Rail cars and chassis
 
15 to 30 years
Machinery and equipment
 
3 to 10 years
Computer software and equipment
 
1 to 6 years
Schedule of Estimated Useful Lives of Intangible Assets
The range of estimated useful lives by type are as follows:
Classification
 
Estimated Useful Life
Customer relationships
 
5 to 16 years
Non-compete agreements
 
Term of agreement
Schedule of Accrued Expenses
Accrued expenses include the following components:
 
 
As of December 31,
(In millions)
 
2018
 
2017
Accrued salaries and wages
 
$
539

 
$
581

Accrued transportation and facility charges
 
462

 
438

Accrued value-added tax and other taxes
 
172

 
176

Other accrued expenses
 
307

 
331

Total accrued expenses
 
$
1,480

 
$
1,526

Schedule of Accumulated Other Comprehensive Income
The components of and changes in accumulated other comprehensive income (“AOCI”), net of tax for the years ended December 31, 2018 and 2017, are as follows:
(In millions)
 
Foreign Currency Translation Adjustments
 
Derivative Hedges
 
Defined Benefit Plans Liability
 
Less: AOCI Attributable to Noncontrolling Interests
 
AOCI Attributable to the Company
As of December 31, 2016
 
$
(206
)
 
$

 
$
(13
)
 
$
25

 
$
(194
)
Other comprehensive income
 
180

 
10

 
92

 
(52
)
 
230

Amounts reclassified from AOCI
 

 
(5
)
 
(2
)
 

 
(7
)
Net current period other comprehensive income
 
180

 
5

 
90

 
(52
)
 
223

Impact of tax reform act
 
(17
)
 
2

 
2

 

 
(13
)
As of December 31, 2017
 
(43
)
 
7

 
79

 
(27
)
 
16

Other comprehensive (loss) income
 
(96
)
 
12

 
(89
)
 
27

 
(146
)
Amounts reclassified from AOCI
 
(4
)
 
(18
)
 
(2
)
 

 
(24
)
Net current period other comprehensive loss
 
(100
)
 
(6
)
 
(91
)
 
27

 
(170
)
As of December 31, 2018
 
$
(143
)
 
$
1

 
$
(12
)
 
$

 
$
(154
)
Schedule of Foreign Exchange Contracts, Statement of Operations
Foreign currency loss (gain) included in the Consolidated Statements of Income consisted of the following:
 
 
Years Ended December 31,
(In millions)
 
2018
 
2017
 
2016
Unrealized foreign currency option and forward contracts (gains) losses
 
$
(20
)
 
$
49

 
$
(40
)
Realized foreign currency option and forward contracts losses (gains)
 
16

 
15

 
(3
)
Foreign currency transaction and remeasurement losses (gains)
 
7

 
(6
)
 
3

Total foreign currency loss (gain)
 
$
3

 
$
58

 
$
(40
)
Summary of Fair Value Hierarchy of Cash Equivalents
The following table summarizes the fair value hierarchy of cash equivalents:
 
 
As of December 31, 2018
(In millions)
 
Carrying Value
 
Fair Value
 
Level 1
 
Level 2
Cash equivalents
 
$
237

 
$
237

 
$
236

 
$
1

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
(In millions)
 
Carrying Value
 
Fair Value
 
Level 1
 
Level 2
Cash equivalents
 
$
90

 
$
90

 
$
74

 
$
16