XML 56 R11.htm IDEA: XBRL DOCUMENT v3.20.1
Revenue Recognition
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
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:
 
 
Three Months Ended March 31, 2020
(In millions)
 
Transportation
 
Logistics
 
Eliminations
 
Total
Revenue
 
 
 
 
 
 
 
 
United States
 
$
1,702

 
$
536

 
$
(9
)
 
$
2,229

North America (excluding United States)
 
71

 
14

 

 
85

France
 
311

 
150

 
(3
)
 
458

United Kingdom
 
182

 
329

 
(16
)
 
495

Europe (excluding France and United Kingdom)
 
188

 
386

 
(3
)
 
571

Other
 
5

 
22

 
(1
)
 
26

Total
 
$
2,459

 
$
1,437

 
$
(32
)
 
$
3,864

 
 
Three Months Ended March 31, 2019
(In millions)
 
Transportation
 
Logistics
 
Eliminations
 
Total
Revenue
 
 
 
 
 
 
 
 
United States
 
$
1,836

 
$
557

 
$
(5
)
 
$
2,388

North America (excluding United States)
 
67

 
18

 

 
85

France
 
364

 
169

 
(5
)
 
528

United Kingdom
 
188

 
335

 
(18
)
 
505

Europe (excluding France and United Kingdom)
 
201

 
392

 
(4
)
 
589

Other
 
3

 
23

 
(1
)
 
25

Total
 
$
2,659

 
$
1,494

 
$
(33
)
 
$
4,120

Our revenue disaggregated by service offering was as follows:
 
 
Three Months Ended March 31,
(In millions)
 
2020
 
2019
Transportation segment:
 
 
 
 
Freight brokerage and truckload
 
$
1,023

 
$
1,092

LTL
 
1,135

 
1,179

Last mile (1)
 
201

 
224

Managed transportation
 
83

 
124

Global forwarding
 
61

 
77

Transportation eliminations
 
(44
)
 
(37
)
Total Transportation segment revenue
 
2,459

 
2,659

Total Logistics segment revenue
 
1,437

 
1,494

Intersegment eliminations
 
(32
)
 
(33
)
Total revenue
 
$
3,864

 
$
4,120

(1)
Comprised of our North American last mile operations.
Performance Obligations
Remaining performance obligations represent firm contracts for which services have not been performed and future revenue recognition is expected. 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 March 31, 2020, the fixed consideration component of our remaining performance obligation was approximately $1.7 billion, and we expect to recognize approximately 70% of that amount 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.