XML 127 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting and Geographic Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting and Geographic Information Segment Reporting and Geographic Information
We are organized into two reportable segments: Transportation and Logistics. We evaluate our performance in large part based on the various financial measures of our two reporting segments.
In our Transportation segment, we provide multiple services to facilitate the movement of raw materials, parts and finished goods. We accomplish this by using our proprietary technology, third-party independent carriers and our transportation assets and service centers. Our transportation services include truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload (“LTL”), full truckload, global forwarding and managed transportation. Freight brokerage, last mile, global forwarding and managed transportation are non-asset or asset-light businesses while LTL and full truckload are primarily asset-based operations.
In our Logistics segment, which we also refer to as supply chain or contract logistics, we provide a wide range of services differentiated by our proprietary technology and our ability to customize solutions for individual customers. Our services include value-added warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services. In addition, our Logistics segment provides highly engineered solutions and supply chain optimization services, including advanced automation and predictive volume flow management.
Some of our operating units provide services to our other operating units outside of their reportable segment. Billings for such services are based on negotiated rates and are reflected as revenues of the billing segment. We adjust these rates from time to time based on market conditions. We eliminate intersegment revenues and expenses in our consolidated results.
Corporate includes corporate headquarters costs for executive officers and certain legal and financial functions, and other costs and credits not attributed to our core business.
Our chief operating decision maker (“CODM”) regularly reviews financial information at the reporting segment level to allocate resources to the segments and to assess their performance. We include items directly attributable to a segment, and those that can be allocated on a reasonable basis, in segment results reported to the CODM. We do not provide asset information by segment to the CODM, as the majority of our assets are managed at the corporate level.
Selected financial data for our segments is as follows:
(In millions)
 
Transportation
 
Logistics
 
Corporate
 
Eliminations
 
Total
Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
10,687

 
$
6,093

 
$
—

 
$
(132
)
 
$
16,648

Operating income (loss)
 
752

 
241

 
(172
)
 
—

 
821

Depreciation and amortization
 
447

 
277

 
15

 
—

 
739

Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
11,343

 
$
6,065

 
$
—

 
$
(129
)
 
$
17,279

Operating income (loss)
 
646

 
216

 
(158
)
 
—

 
704

Depreciation and amortization
 
461

 
244

 
11

 
—

 
716

Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
10,276

 
$
5,229

 
$
—

 
$
(124
)
 
$
15,381

Operating income (loss)
 
547

 
202

 
(167
)
 
—

 
582

Depreciation and amortization
 
447

 
203

 
8

 
—

 
658


As of December 31, 2019 and 2018, we held long-lived tangible assets outside of the U.S. of $798 million and $776 million, respectively.