XML 50 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenue $ 16,648 $ 17,279 $ 15,381
Operating expenses      
Cost of transportation and services 8,303 9,013 8,132
Direct operating expense 5,679 5,725 5,006
Sales, general and administrative expense 1,845 1,837 1,661
Total operating expenses 15,827 16,575 14,799
Operating income 821 704 582
Other expense (income) (54) (109) (57)
Foreign currency loss 9 3 58
Debt extinguishment loss 5 27 36
Interest expense 292 217 284
Income before income tax provision (benefit) 569 566 261
Income tax provision (benefit) 129 122 (99)
Net income 440 444 360
Net income attributable to noncontrolling interests (21) (22) (20)
Net income attributable to XPO 419 422 340
Earnings per share data (Note 17):      
Net income attributable to common shareholders $ 379 $ 390 $ 312
Basic earnings per share (in usd per share) $ 3.95 $ 3.17 $ 2.72
Diluted earnings per share (in usd per share) $ 3.57 $ 2.88 $ 2.45
Weighted-average common shares outstanding      
Basic weighted-average common shares outstanding (in shares) 96 123 115
Diluted weighted-average common shares outstanding (in shares) 106 135 128