v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 1,040 $ 976 $ 2,883 $ 2,949
Cost of transportation and services (exclusive of depreciation and amortization) 809 742 2,208 2,224
Direct operating expense (exclusive of depreciation and amortization) 49 59 152 179
Sales, general and administrative expense 149 148 448 445
Depreciation and amortization expense 21 16 54 52
Transaction and integration costs 30 2 38 12
Restructuring costs 2 3 15 12
Operating income (loss) (20) 6 (32) 25
Other expense 216 1 217 1
Interest expense, net 6 8 22 24
Income (loss) before income taxes (242) (3) (271) 0
Income tax provision (benefit) 1 (2) (6) (2)
Net income (loss) $ (243) $ (1) $ (265) $ 2
Earnings (loss) per share data        
Earnings per share, basic (in dollars per share) $ (1.81) $ (0.01) $ (2.15) $ 0.02
Earnings per share, diluted (in dollars per share) $ (1.81) $ (0.01) $ (2.15) $ 0.02
Weighted-average common shares outstanding        
Basic weighted-average common shares outstanding (in shares) 134,095 116,970 123,004 116,823
Diluted weighted-average common shares outstanding (in shares) 134,095 116,970 123,004 119,415