10-Q Filing

GXO LOGISTICS, INC. CIK: 1852244 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001852244-21-000007`
Period End Date	20210930
Filing Date	20211102
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	gxo-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 72 Cash Flow Statement 72 Stockholders Equity 30 Comprehensive Income 36

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.00M	USD	Point-in-time
Accounts receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.00M	USD	Point-in-time
Property and equipment, accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$1.08B	USD	Point-in-time
Property and equipment, accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$922.00M	USD	Point-in-time
Identifiable intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$373.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$275.00M	USD	Point-in-time
Identifiable intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$408.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $11 and $18, respectively	`AccountsReceivableNetCurrent`	$1.22B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $11 and $18, respectively	`AccountsReceivableNetCurrent`	$1.39B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$292.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$284.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	115.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.96B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	115.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	115.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	115.00M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net of $1,077 and $922 in accumulated depreciation, respectively	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$851.00M	USD	Point-in-time
Property and equipment, net of $1,077 and $922 in accumulated depreciation, respectively	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$770.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.43B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.79B	USD	Point-in-time
Goodwill	`Goodwill`	$2.04B	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.06B	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Identifiable intangible assets, net of $408 and $373 in accumulated amortization, respectively	`IntangibleAssetsNetExcludingGoodwill`	$274.00M	USD	Point-in-time
Identifiable intangible assets, net of $408 and $373 in accumulated amortization, respectively	`IntangibleAssetsNetExcludingGoodwill`	$299.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$146.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$218.00M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$5.17B	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$4.71B	USD	Point-in-time
Total assets	`Assets`	$6.55B	USD	Point-in-time
Total assets	`Assets`	$7.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$496.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$415.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.01B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$784.00M	USD	Point-in-time
Short-term borrowings and obligations under finance leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$40.00M	USD	Point-in-time
Short-term borrowings and obligations under finance leases	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$58.00M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$432.00M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$332.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$149.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$269.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.25B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Long-term debt and obligations under finance leases	`LongTermDebtAndCapitalLeaseObligations`	$934.00M	USD	Point-in-time
Long-term debt and obligations under finance leases	`LongTermDebtAndCapitalLeaseObligations`	$615.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$56.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$54.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.38B	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.10B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$179.00M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$2.55B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.86B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value, 300 shares authorized; 115 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common Stock, $0.01 par value, 300 shares authorized; 115 shares issued and outstanding	`CommonStockValue`	$1.00M	USD	Point-in-time
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.35B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.00M	USD	Point-in-time
XPO investment	`NetParentInvestment`	-	USD	Point-in-time
XPO investment	`NetParentInvestment`	$2.77B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.00M	USD	Point-in-time
Total equity before noncontrolling interests	`StockholdersEquity`	$2.82B	USD	Point-in-time
Total equity before noncontrolling interests	`StockholdersEquity`	$2.30B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$41.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$125.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.82B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.64B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.55B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.13B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.68B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.97B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.43B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.58B	USD	1 Quarter
Direct operating expense	`DirectOperatingCosts`	$4.72B	USD	3 Qtrs
Direct operating expense	`DirectOperatingCosts`	$1.65B	USD	1 Quarter
Direct operating expense	`DirectOperatingCosts`	$3.69B	USD	3 Qtrs
Direct operating expense	`DirectOperatingCosts`	$1.30B	USD	1 Quarter
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$519.00M	USD	3 Qtrs
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$171.00M	USD	1 Quarter
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$157.00M	USD	1 Quarter
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$467.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$259.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$83.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$85.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$246.00M	USD	3 Qtrs
Transaction-related costs (credits)	`SpinoffTransactionAndIntegrationCosts`	$40.00M	USD	3 Qtrs
Transaction-related costs (credits)	`SpinoffTransactionAndIntegrationCosts`	$29.00M	USD	1 Quarter
Transaction-related costs (credits)	`SpinoffTransactionAndIntegrationCosts`	$-2.00M	USD	1 Quarter
Transaction-related costs (credits)	`SpinoffTransactionAndIntegrationCosts`	$82.00M	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$25.00M	USD	3 Qtrs
Restructuring costs	`RestructuringCharges`	$2.00M	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	-	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$5.00M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$36.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$88.00M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-34.00M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$49.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$11.00M	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$2.00M	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$11.00M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$43.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-31.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.00M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-21.00M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$20.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-52.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$104.00M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	3 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	3 Qtrs
Net income (loss) attributable to GXO	`NetIncomeLoss`	$97.00M	USD	3 Qtrs
Net income (loss) attributable to GXO	`NetIncomeLoss`	$18.00M	USD	1 Quarter
Net income (loss) attributable to GXO	`NetIncomeLoss`	$-59.00M	USD	3 Qtrs
Net income (loss) attributable to GXO	`NetIncomeLoss`	$72.00M	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.51	USD	3 Qtrs
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.84	USD	3 Qtrs
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	3 Qtrs
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.51	USD	3 Qtrs
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.00M	shares	3 Qtrs
Basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.00M	shares	1 Quarter
Basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.00M	shares	3 Qtrs
Basic common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.00M	shares	1 Quarter
Diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.00M	shares	1 Quarter
Diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.00M	shares	3 Qtrs
Diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.00M	shares	1 Quarter
Diluted common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.00M	shares	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$73.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-52.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$104.00M	USD	3 Qtrs
Depreciation, amortization and net lease activity	`DepreciationDepletionAndAmortization`	$246.00M	USD	3 Qtrs
Depreciation, amortization and net lease activity	`DepreciationDepletionAndAmortization`	$259.00M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$21.00M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$22.00M	USD	3 Qtrs
Deferred tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-47.00M	USD	3 Qtrs
Deferred tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$2.00M	USD	3 Qtrs
Leased assets obtained in exchange for new operating lease liabilities, including $281 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$792.00M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.00M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$11.00M	USD	3 Qtrs
Leased assets obtained in exchange for new operating lease liabilities, including $281 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$290.00M	USD	3 Qtrs
Leased assets obtained in exchange of new finance lease liabilities, including $23 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$39.00M	USD	3 Qtrs
Leased assets obtained in exchange of new finance lease liabilities, including $23 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$62.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$118.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.00M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$129.00M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-41.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-63.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.00M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$179.00M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$141.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$251.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$345.00M	USD	3 Qtrs
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$159.00M	USD	3 Qtrs
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$180.00M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00M	USD	3 Qtrs
Purchase and sale of affiliate trade receivables, net	`PaymentsForProceedsFromAffiliateTradeReceivablesNet`	-	USD	3 Qtrs
Purchase and sale of affiliate trade receivables, net	`PaymentsForProceedsFromAffiliateTradeReceivablesNet`	$15.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-32.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-163.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.00M	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$794.00M	USD	3 Qtrs
Net proceeds (repayments) related to trade securitization program	`PaymentsForProceedsFromRetainedInterestInSecuritizedReceivables`	$-17.00M	USD	3 Qtrs
Net proceeds (repayments) related to trade securitization program	`PaymentsForProceedsFromRetainedInterestInSecuritizedReceivables`	$21.00M	USD	3 Qtrs
Repayment of debt and finance leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$85.00M	USD	3 Qtrs
Repayment of debt and finance leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$64.00M	USD	3 Qtrs
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$21.00M	USD	3 Qtrs
Purchase of noncontrolling interests	`PaymentsToMinorityShareholders`	$128.00M	USD	3 Qtrs
Net transfers from XPO	`NetTransfersFromParentFinancingActivities`	$-774.00M	USD	3 Qtrs
Net transfers from XPO	`NetTransfersFromParentFinancingActivities`	$112.00M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$28.00M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$5.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-165.00M	USD	3 Qtrs
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	3 Qtrs
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$209.00M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-53.00M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$409.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$275.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$328.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$200.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$409.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$275.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$328.00M	USD	Point-in-time
Leased assets obtained in exchange for new operating lease liabilities, including $281 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$792.00M	USD	3 Qtrs
Leased assets obtained in exchange for new operating lease liabilities, including $281 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$290.00M	USD	3 Qtrs
Leased assets obtained in exchange of new finance lease liabilities, including $23 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$39.00M	USD	3 Qtrs
Leased assets obtained in exchange of new finance lease liabilities, including $23 related to an acquisition in 2021	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$62.00M	USD	3 Qtrs
Non-cash settlement of related party debt pursuant to the Separation	`RelatedPartyTransactionNoncashDebtSettlement`	$437.00M	USD	3 Qtrs
Non-cash settlement of related party debt pursuant to the Separation	`RelatedPartyTransactionNoncashDebtSettlement`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$24.00M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$20.00M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$18.00M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$38.00M	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.82B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.64B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$73.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$23.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-52.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$104.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$47.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$93.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-31.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-12.00M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.00M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.00M	USD	1 Quarter
Purchase of noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$21.00M	USD	3 Qtrs
Purchase of noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$128.00M	USD	3 Qtrs
Purchase of noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$21.00M	USD	1 Quarter
Net transfers from XPO	`StockholdersEquityTransferToParent`	$-88.00M	USD	1 Quarter
Net transfers from XPO	`StockholdersEquityTransferToParent`	$642.00M	USD	1 Quarter
Net transfers from XPO	`StockholdersEquityTransferFromParent`	$153.00M	USD	3 Qtrs
Net transfers from XPO	`StockholdersEquityTransferFromParent`	$-557.00M	USD	3 Qtrs
Other	`StockholdersEquityOther`	$3.00M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.82B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.64B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.95B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$73.00M	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-4.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$23.00M	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-2.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-52.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$104.00M	USD	3 Qtrs
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-1.00M	USD	1 Quarter
Foreign currency translation (loss) gain, tax	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$-4.00M	USD	1 Quarter
Unrealized gain (loss) on financial assets/liabilities designated as hedging instruments, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	-	USD	1 Quarter
Unrealized gain (loss) on financial assets/liabilities designated as hedging instruments, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	-	USD	3 Qtrs
Unrealized gain (loss) on financial assets/liabilities designated as hedging instruments, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	-	USD	1 Quarter
Unrealized gain (loss) on financial assets/liabilities designated as hedging instruments, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-1.00M	USD	3 Qtrs
Foreign currency translation gain (loss), net of tax effect of $(4), $(1), $(2) and $(4)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-30.00M	USD	3 Qtrs
Foreign currency translation gain (loss), net of tax effect of $(4), $(1), $(2) and $(4)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$93.00M	USD	1 Quarter
Foreign currency translation gain (loss), net of tax effect of $(4), $(1), $(2) and $(4)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-12.00M	USD	1 Quarter
Foreign currency translation gain (loss), net of tax effect of $(4), $(1), $(2) and $(4)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.00M	USD	3 Qtrs
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-1.00M	USD	3 Qtrs
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	3 Qtrs
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$47.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$93.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-31.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-12.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$116.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$73.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.00M	USD	3 Qtrs
Comprehensive income (loss) attributable to GXO	`ComprehensiveIncomeNetOfTax`	$-14.00M	USD	3 Qtrs
Comprehensive income (loss) attributable to GXO	`ComprehensiveIncomeNetOfTax`	$66.00M	USD	3 Qtrs
Comprehensive income (loss) attributable to GXO	`ComprehensiveIncomeNetOfTax`	$60.00M	USD	1 Quarter
Comprehensive income (loss) attributable to GXO	`ComprehensiveIncomeNetOfTax`	$107.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.