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Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2016
Business Acquisition [Line Items]  
Business Acquisition Pro Forma Information
The following unaudited pro forma consolidated results of operations for the six-month period ended June 30, 2015 present consolidated information of the Company as if the acquisitions of Con-way and ND had occurred as of January 1, 2015:
 
Pro Forma Six Months Ended
(Dollars in millions, except per share data)
June 30, 2015
Revenue
$
7,270.7

Operating income
$
149.7

Net loss
$
(50.9
)
Basic loss per share
$
(0.44
)
Diluted loss per share
$
(0.44
)
Con-Way  
Business Acquisition [Line Items]  
Schedule of Fair Value 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
677.6

Other current assets
143.3

Property and equipment
1,864.6

Trade name
5.6

Customer relationships
641.0

Other long-term assets
53.5

Accounts payable
(361.8
)
Accrued expenses
(393.6
)
Other current liabilities
(27.5
)
Long-term debt
(640.6
)
Deferred tax liabilities
(609.5
)
Employee benefit obligations
(153.5
)
Other long-term liabilities
(197.0
)
Goodwill
$
1,315.7
ND  
Business Acquisition [Line Items]  
Schedule of Fair Value 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:
(In millions)
 
Consideration
$
2,955.3

Accounts receivable
1,058.5

Other current assets
353.6

Deferred tax assets
44.6

Property and equipment
706.1

Trade name covenants
40.0

Non-compete agreements
5.6

Customer relationships
827.0

Other long-term assets
57.1

Accounts payable
(806.0
)
Accrued expenses
(428.2
)
Other current liabilities
(131.8
)
Long-term debt
(643.4
)
Deferred tax liabilities
(237.7
)
Employee benefit obligations
(142.3
)
Other long-term liabilities
(177.2
)
Noncontrolling interests
(37.2
)
Goodwill
$
2,466.6