Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Business Acquisition [Line Items]

Business Acquisition Pro Forma Information

The following unaudited pro forma consolidated results of operations present consolidated information of the Company as if the acquisitions of Con-way, ND, New Breed and Pacer had occurred as of January 1, 2014: 

	Pro Forma Years Ended December 31,
(Dollars in millions, except per share data)	2015			2014
Revenue	$	14,833.5		$	14,991.0
Operating income	$	204.0		$	279.4
Net loss attributable to common shareholders	$	(245.9	)	$	(172.7	)
Basic loss per share	$	(2.28	)	$	(2.03	)
Diluted loss per share	$	(2.28	)	$	(2.03	)

Con-Way, Inc.

Business Acquisition [Line Items]

Schedule of Consideration Transferred

(Dollars in millions)
Cash consideration	$	2,706.6
Liability for equity award settlement	30.9
Portion of replacement equity awards attributable to pre-acquisition service	17.6
Cash acquired	(437.3		)
Total consideration	$	2,317.8

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of October 30, 2015:

(Dollars in millions)
Consideration	$	2,317.8
Accounts receivable	669.9
Other current assets	99.9
Property and equipment	1,931.0
Trade name	5.6
Non-compete agreements	2.4
Customer relationships	785.2
Deferred tax assets	34.6
Other long-term assets	48.5
Accounts payable	(353.5		)
Accrued expenses, other	(380.6		)
Other current liabilities	(27.5		)
Long-term debt	(640.6		)
Deferred tax liabilities	(689.4		)
Employee benefit obligations	(159.8		)
Other long-term liabilities	(196.7		)
Goodwill	$	1,188.8

Norbert Dentressangle SA

Business Acquisition [Line Items]

Schedule of Consideration Transferred

Total consideration is summarized in the table below in Euros (“EUR”) and USD:

(In millions)	In EUR			In USD
Cash consideration	€	1,437.0		$	1,603.9
Liability for performance share settlement	11.8			13.2
Repayment of indebtedness	628.5			705.0
Noncontrolling interests	702.5			784.2
Cash acquired	(134.6		)	(151.0		)
Total consideration	€	2,645.2		$	2,955.3

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of June 8, 2015:

(Dollars in millions)
Consideration	$	2,955.3
Accounts receivable	1,060.4
Other current assets	350.2
Deferred tax assets	147.5
Property and equipment	730.7
Trade name covenants	40.0
Non-compete agreements	5.6
Customer relationships	827.0
Other long-term assets	68.3
Accounts payable	(804.1		)
Accrued expenses, other	(422.0		)
Other current liabilities	(164.6		)
Long-term debt	(643.4		)
Deferred tax liabilities	(366.8		)
Employee benefit obligations	(142.3		)
Other long-term liabilities	(155.2		)
Noncontrolling interests	(37.2		)
Goodwill	$	2,461.2

New Breed Logistics

Business Acquisition [Line Items]

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective estimated fair values as of September 2, 2014:

(Dollars in millions)
Consideration	$	615.9
Cash and cash equivalents	1.8
Accounts receivable	112.1
Other current assets	29.6
Property and equipment	112.7
Trade names	4.5
Contractual customer relationships asset	115.1
Contractual customer relationships liability	(5.6		)
Non-contractual customer relationships	15.2
Other long-term assets	15.8
Accounts payable	(17.7		)
Accrued expenses	(33.4		)
Deferred tax liabilities, long-term	(75.0		)
Other long-term liabilities	(9.3		)
Goodwill	$	350.1

Pacer International

Business Acquisition [Line Items]

Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the consideration transferred and purchase price allocation at the respective fair values as of March 31, 2014:

(Dollars in millions)
Consideration	$	331.5
Cash and cash equivalents	22.3
Accounts receivable	119.6
Other current assets	9.4
Property and equipment	43.5
Trade names	2.8
Non-compete agreements	2.3
Contractual customer relationships	66.3
Non-contractual customer relationships	1.0
Deferred tax assets, long-term	2.8
Other long-term assets	2.4
Accounts payable	(71.6		)
Accrued expenses, other	(53.7		)
Other current liabilities	(2.0		)
Other long-term liabilities	(11.6		)
Goodwill	$	198.0