v3.24.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Selected Financial Data for Each Reportable Segment
Selected financial data for our segments is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2024202320242023
Revenue
North American LTL$1,251 $1,228 $3,743 $3,484 
European Transportation803 752 2,407 2,320 
Total$2,053 $1,980 $6,150 $5,804 
Adjusted EBITDA
North American LTL$284 $241 $836 $631 
European Transportation44 44 131 127 
Corporate5 (7)(3)(26)
Total Adjusted EBITDA333 278 964 732 
Less:
Debt extinguishment loss— — — 23 
Interest expense 56 41 170 126 
Income tax provision40 31 60 48 
Depreciation and amortization expense126 110 365 318 
Transaction and integration costs (1)
13 8 39 47 
Restructuring costs (2)
3 1 17 35 
Other— 1 — 1 
Income from continuing operations$95 $86 $312 $134 
Depreciation and amortization expense
North American LTL$89 75 $257 $214 
European Transportation36 35 106 100 
Corporate1 — 3 4 
Total$126 $110 $365 $318 
(1)    Transaction and integration costs for the periods ended September 30, 2024 and September 30, 2023 are primarily comprised of stock-based compensation for certain employees related to strategic initiatives. Transaction and integration costs for the three months ended September 30, 2024 and 2023 include $1 million and $1 million, respectively, related to our European Transportation segment, and $12 million and $7 million, respectively, related to Corporate. Transaction and integration costs for the nine months ended September 30, 2024 and 2023 include $1 million and $0 million, respectively, related to our North American LTL segment, $2 million and $2 million, respectively, related to our European Transportation segment, and $36 million and $45 million, respectively, related to Corporate.
(2)    Restructuring costs for the three months ended September 30, 2024 and 2023 include $2 million and $1 million, respectively, related to our European Transportation segment, and $1 million and $0 million, respectively, related to Corporate. Restructuring costs for the nine months ended September 30, 2024 and 2023 include $2 million and $10 million, respectively, related to our North American LTL segment, $13 million and $9 million, respectively, related to our European Transportation segment, and $2 million and $16 million, respectively, related to Corporate. See Note 4— Restructuring Charges for further information on our restructuring actions.