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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computations of basic and diluted earnings per share were as follows:
 
 
Three Months Ended March 31,
(In millions, except per share data)
 
2020
 
2019
Basic earnings per common share
 
 
 
 
Net income attributable to XPO
 
$
23

 
$
47

Series A preferred stock dividends
 
(1
)
 
(1
)
Non-cash allocation of undistributed earnings
 
(1
)
 
(3
)
Net income attributable to common shares, basic
 
$
21

 
$
43

 
 
 
 
 
Basic weighted-average common shares
 
92

 
107

Basic earnings per share
 
$
0.23

 
$
0.40

 
 
 
 
 
Diluted earnings per common share
 
 
 
 
Net income attributable to common shares, diluted
 
$
21

 
$
43

 
 
 
 
 
Basic weighted-average common shares
 
92

 
107

Dilutive effect of non-participating stock-based awards and equity forward
 
11

 
10

Diluted weighted-average common shares
 
103

 
117

 
 
 
 
 
Diluted earnings per share
 
$
0.20

 
$
0.37

 
 
 
 
 
Potential common shares excluded
 
10

 
10