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Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings per Share, Basic and Diluted
The computations of basic and diluted earnings per share are as follows:
 
 
Years Ended December 31,
(In millions, except per share data)
 
2018
 
2017
 
2016
Basic earnings per common share
 
 
 
 
 
 
Net income attributable to XPO
 
$
422

 
$
340

 
$
69

Convertible preferred dividends
 
(3
)
 
(3
)
 
(3
)
Non-cash allocation of undistributed earnings
 
(29
)
 
(25
)
 
(3
)
Net income allocable to common shares, basic
 
$
390

 
$
312

 
$
63

 
 
 
 
 
 
 
Basic weighted-average common shares
 
123

 
115

 
110

Basic earnings per share
 
$
3.17

 
$
2.72

 
$
0.57

 
 
 
 
 
 
 
Diluted earnings per common share
 
 
 
 
 
 
Net income allocable to common shares, basic
 
$
390

 
$
312

 
$
63

Interest from Convertible Senior Notes
 
—

 
1

 
2

Net income allocable to common shares, diluted
 
$
390

 
$
313

 
$
65

 
 
 
 
 
 
 
Basic weighted-average common shares
 
123

 
115

 
110

Dilutive effect of Convertible Senior Notes
 
—

 
2

 
3

Dilutive effect of non-participating stock-based awards and equity forward
 
12

 
11

 
10

Diluted weighted-average common shares
 
135

 
128

 
123

 
 
 
 
 
 
 
Diluted earnings per share
 
$
2.88

 
$
2.45

 
$
0.53

 
 
 
 
 
 
 
Potential common shares excluded
 
10

 
10

 
12