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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue $ 3,270 $ 2,675 $ 9,445 $ 7,261
Cost of transportation and services 2,306 1,814 6,545 4,919
Direct operating expense 366 310 1,058 904
Sales, general and administrative expense 339 294 1,001 915
Depreciation and amortization expense 118 119 357 351
Transaction and integration costs 15 0 26 66
Restructuring costs 14 0 16 31
Operating income 112 138 442 75
Other income (15) (12) (43) (31)
Foreign currency (gain) loss (4) 1 (2) (5)
Debt extinguishment loss 46 0 54 0
Interest expense 53 81 176 226
Income (loss) from continuing operations before income tax provision (benefit) 32 68 257 (115)
Income tax provision (benefit) 11 31 60 (36)
Income (loss) from continuing operations 21 37 197 (79)
Income (loss) from discontinued operations, net of taxes (78) 61 22 68
Net income (loss) (57) 98 219 (11)
Net loss from continuing operations attributable to noncontrolling interests 0 0 0 3
Net income from discontinued operations attributable to noncontrolling interests 0 (5) (5) (7)
Net income (loss) attributable to XPO (57) 93 214 (15)
Net income (loss) attributable to common shareholders        
Continuing operations, basic 21 28 197 (78)
Discontinued operations, basic (78) 56 17 61
Net income (loss) attributable to common shares, basic (57) 84 214 (17)
Continuing operations, diluted 21 28 197 (78)
Discontinued operations, diluted (78) 56 17 61
Net income (loss) attributable to common shares, diluted $ (57) $ 84 $ 214 $ (17)
Earnings (loss) per share data        
Basic earnings (loss) per share from continuing operations (in dollars per share) $ 0.19 $ 0.30 $ 1.78 $ (0.86)
Basic earnings (loss) per share from discontinued operations (in dollars per share) (0.69) 0.63 0.15 0.68
Basic earnings (loss) per share (in dollars per share) (0.50) 0.93 1.93 (0.18)
Diluted earnings (loss) per share from continuing operations (in dollars per share) 0.19 0.27 1.73 (0.86)
Diluted earnings (loss) per share from discontinued operations (in dollars per share) (0.68) 0.56 0.14 0.68
Diluted earnings (loss) per share (in dollars per share) $ (0.49) $ 0.83 $ 1.87 $ (0.18)
Weighted-average common shares outstanding        
Basic weighted-average common shares outstanding (in shares) 115,000 91,000 111,000 91,000
Diluted weighted-average common shares (in shares) 116,000 102,000 114,000 91,000