XML 87 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue Recognition
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Adoption of Topic 606, “Revenue from Contracts with Customers”
We adopted ASU 2014-09, Revenue (Topic 606): “Revenue from Contracts with Customers.” on January 1, 2018. Our reported results for 2019 and 2018 are presented under Topic 606, while our prior periods were not adjusted and are reported under Topic 605 “Revenue Recognition.” Under Topic 605, for our Transportation segment, with the
exception of the LTL business, revenue was recognized at the point in time when delivery was complete and the shipping terms of the contract were satisfied.
Disaggregation of Revenues
We disaggregate our revenue by geographic area and service offering. Our revenue disaggregated by geographical area, based on sales office location, was as follows:
 
 
Year Ended December 31, 2019
(In millions)
 
Transportation
 
Logistics
 
Eliminations
 
Total
Revenue
 
 
 
 
 
 
 
 
United States
 
$
7,454

 
$
2,338

 
$
(33
)
 
$
9,759

North America (excluding United States)
 
286

 
37

 
—

 
323

France
 
1,358

 
659

 
(12
)
 
2,005

United Kingdom
 
760

 
1,384

 
(68
)
 
2,076

Europe (excluding France and United Kingdom)
 
810

 
1,582

 
(16
)
 
2,376

Other
 
19

 
93

 
(3
)
 
109

Total
 
$
10,687

 
$
6,093

 
$
(132
)
 
$
16,648

 
 
Year Ended December 31, 2018
(In millions)
 
Transportation
 
Logistics
 
Eliminations
 
Total
Revenue
 
 
 
 
 
 
 
 
United States
 
$
8,055

 
$
2,196

 
$
(19
)
 
$
10,232

North America (excluding United States)
 
274

 
67

 
—

 
341

France
 
1,496

 
687

 
(18
)
 
2,165

United Kingdom
 
704

 
1,436

 
(70
)
 
2,070

Europe (excluding France and United Kingdom)
 
793

 
1,584

 
(18
)
 
2,359

Other
 
21

 
95

 
(4
)
 
112

Total
 
$
11,343

 
$
6,065

 
$
(129
)
 
$
17,279

 
 
Year Ended December 31,
(In millions)
 
2017
Revenue
 
 
United States
 
$
9,163

North America (excluding United States)
 
298

France
 
2,006

United Kingdom
 
1,799

Europe (excluding France and United Kingdom)
 
1,930

Other
 
185

Total
 
$
15,381

Our revenue disaggregated by service offering was as follows:
 
 
Years Ended December 31,
(In millions)
 
2019
 
2018
Transportation segment:
 
 
 
 
Freight brokerage and truckload
 
$
4,383

 
$
4,784

LTL
 
4,815

 
4,839

Last mile (1)
 
873

 
1,065

Managed transportation
 
496

 
462

Global forwarding
 
299

 
338

Transportation eliminations
 
(179
)
 
(145
)
Total Transportation segment revenue
 
10,687

 
11,343

Total Logistics segment revenue
 
6,093

 
6,065

Intersegment eliminations
 
(132
)
 
(129
)
Total revenue
 
$
16,648

 
$
17,279

(1)
Comprised of our North American last mile operations.
Transaction Price Allocated to Remaining Performance Obligation
Our remaining performance obligation represents the aggregate amount of transaction price yet to be recognized as of the end of the reporting period. As permitted in determining the remaining performance obligation, we omit obligations that: (i) have original expected durations of one year or less or (ii) contain variable consideration. On December 31, 2019, the fixed consideration component of our remaining performance obligation was approximately $1.5 billion, and we expect to recognize approximately 75% over the next three years and the remainder thereafter. The majority of the remaining performance obligation relates to our Logistics reportable segment. We estimate remaining performance obligations at a point in time and actual amounts may differ from these estimates due to changes in foreign currency exchange rates and contract revisions or terminations.