Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

The following table presents disaggregated revenue by revenue source between LTL shipments and total. LTL shipments are defined as shipments less than 10,000 pounds. Beginning in 2019, the Company disaggregated revenue for reporting of key operating metrics, including volume and yield metrics, due to the impacts from shipments over 10,000 pounds.

YRC Freight segment (in millions)	2019		2018
LTL revenue	$	2,841.0	$	2,948.1
Other revenue		247.7		249.2
Total revenue		3,088.7		3,197.3

Regional Transportation segment (in millions)	2019		2018
LTL revenue	$	1,653.0	$	1,742.5
Other revenue		129.7		152.5
Total revenue		1,782.7		1,895.0

Consolidated (in millions)	2019		2018
LTL revenue	$	4,494.0	$	4,690.6
Other revenue		377.2		401.4
Total revenue		4,871.2		5,092.0

Schedule of Undiscounted Amounts and Material Changes in Insurance Claims

Expected aggregate undiscounted amounts and material changes to these amounts related to workers’ compensation and property damage and liability claims as of December 31 are presented below:

(in millions)	Workers’ Compensation			Third-Party Liability Claims			Total
Undiscounted amount at December 31, 2017	$	299.3		$	70.5		$	369.8
Estimated settlement cost for 2018 claims		95.9			40.0			135.9
Claim payments, net of recoveries		(92.4	)		(36.2	)		(128.6	)
Change in estimated settlement cost for prior claim years		(15.0	)		(0.7	)		(15.7	)
Undiscounted settlement cost estimate at December 31, 2018	$	287.8		$	73.6		$	361.4
Estimated settlement cost for 2019 claims		103.3			35.2			138.5
Claim payments, net of recoveries		(95.9	)		(36.1	)		(132.0	)
Change in estimated settlement cost for prior claim years		(9.6	)		1.1			(8.5	)
Undiscounted settlement cost estimate at December 31, 2019	$	285.6		$	73.8		$	359.4
Discounted settlement cost estimate at December 31, 2019	$	262.2		$	73.4		$	335.6

Schedule of Estimated Cash Payments to Settle Claims

Estimated cash payments to settle claims which were incurred on or before December 31, 2019, for the next five years and thereafter are as follows:

(in millions)	Workers’ Compensation		Third-Party Liability Claims		Total
2020	$	78.3	$	33.5	$	111.8
2021		50.1		17.9		68.0
2022		33.3		11.4		44.7
2023		22.0		5.8		27.8
2024		16.4		2.6		19.0
Thereafter		85.5		2.6		88.1
Total	$	285.6	$	73.8	$	359.4

Summary of Components of Property and Equipment

The following is a summary of the components of our property and equipment at cost as of December 31:

(in millions)	2019		2018
Land	$	239.9	$	243.7
Structures		788.4		791.3
Revenue equipment		1,228.2		1,257.4
Technology equipment and software		291.7		259.7
Other^(a)		213.4		213.8
Total property and equipment, at cost	$	2,761.6	$	2,765.9

(a)

Other consists of miscellaneous equipment used in field operations.

Schedule of Service Lives for Property and Equipment

We carry property and equipment at cost less accumulated depreciation. We compute depreciation using the straight-line method based on the following service lives:

		Years
Structures		10 - 30
Revenue equipment		10 - 20
Technology equipment and software		3 - 7
Other		3 - 10