10-K Filing

RXO, INC. CIK: 1929561 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001929561-24-000032`
Period End Date	20231231
Filing Date	20240213
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	rxo-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 51 Cash Flow Statement 92 Stockholders Equity 29 Comprehensive Income 15

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.00M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.00M	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$241.00M	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$293.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.00M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$106.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$118.00M	USD	Point-in-time
Accounts receivable, net of $12 and $13 in allowances, respectively	`AccountsReceivableNetCurrent`	$743.00M	USD	Point-in-time
Accounts receivable, net of $12 and $13 in allowances, respectively	`AccountsReceivableNetCurrent`	$900.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$48.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$796.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net of $293 and $241 in accumulated depreciation, respectively	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$119.00M	USD	Point-in-time
Property and equipment, net of $293 and $241 in accumulated depreciation, respectively	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$124.00M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$159.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$195.00M	USD	Point-in-time
Goodwill	`Goodwill`	$630.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Goodwill	`Goodwill`	$630.00M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	116.40M	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	117.03M	shares	Point-in-time
Identifiable intangible assets, net of $118 and $106 in accumulated amortization, respectively	`IntangibleAssetsNetExcludingGoodwill`	$79.00M	USD	Point-in-time
Identifiable intangible assets, net of $118 and $106 in accumulated amortization, respectively	`IntangibleAssetsNetExcludingGoodwill`	$68.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$12.00M	USD	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	116.40M	shares	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	117.03M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$15.00M	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$1.00B	USD	Point-in-time
Total long-term assets	`AssetsNoncurrent`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$501.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$414.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$256.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$199.00M	USD	Point-in-time
Current maturities of long-term debt	`DebtCurrent`	$4.00M	USD	Point-in-time
Current maturities of long-term debt	`DebtCurrent`	$3.00M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$48.00M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$53.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$682.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$823.00M	USD	Point-in-time
Long-term debt and obligations under finance leases - carrying value	`LongTermDebtAndCapitalLeaseObligations`	$356.00M	USD	Point-in-time
Long-term debt and obligations under finance leases - carrying value	`LongTermDebtAndCapitalLeaseObligations`	$451.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$16.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$7.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$146.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$114.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$40.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$40.00M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$621.00M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$549.00M	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 300,000 shares authorized; 117,026 and 116,400 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, $0.01 par value; 300,000 shares authorized; 117,026 and 116,400 shares issued and outstanding as of December 31, 2023 and 2022, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$590.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$588.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total equity	`StockholdersEquity`	$594.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total equity	`StockholdersEquity`	$587.00M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.80B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.69B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.93B	USD	Annual
Cost of transportation and services (exclusive of depreciation and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.62B	USD	Annual
Cost of transportation and services (exclusive of depreciation and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.68B	USD	Annual
Cost of transportation and services (exclusive of depreciation and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.97B	USD	Annual
Direct operating expense (exclusive of depreciation and amortization)	`DirectOperatingExpenseExcludingDepreciationDepletionAndAmortization`	$235.00M	USD	Annual
Direct operating expense (exclusive of depreciation and amortization)	`DirectOperatingExpenseExcludingDepreciationDepletionAndAmortization`	$192.00M	USD	Annual
Direct operating expense (exclusive of depreciation and amortization)	`DirectOperatingExpenseExcludingDepreciationDepletionAndAmortization`	$226.00M	USD	Annual
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$591.00M	USD	Annual
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$640.00M	USD	Annual
Sales, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$539.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$81.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$86.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$67.00M	USD	Annual
Transaction and integration costs	`TransactionAndIntegrationCosts`	$84.00M	USD	Annual
Transaction and integration costs	`TransactionAndIntegrationCosts`	$2.00M	USD	Annual
Transaction and integration costs	`TransactionAndIntegrationCosts`	$12.00M	USD	Annual
Restructuring costs	`RestructuringCosts`	$13.00M	USD	Annual
Restructuring costs	`RestructuringCosts`	$2.00M	USD	Annual
Restructuring costs	`RestructuringCosts`	$16.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$123.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$192.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$39.00M	USD	Annual
Other expense	`OtherNonoperatingExpense`	-	USD	Annual
Other expense	`OtherNonoperatingExpense`	$1.00M	USD	Annual
Other expense	`OtherNonoperatingExpense`	$3.00M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-4.00M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-32.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$119.00M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$41.00M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$27.00M	USD	Annual
Net income	`NetIncomeLoss`	$150.00M	USD	Annual
Net income	`NetIncomeLoss`	$92.00M	USD	Annual
Net income	`NetIncomeLoss`	$4.00M	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$1.30	USD	Annual
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	Annual
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.30	USD	Annual
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	Annual
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	Annual
Number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.87M	shares	Annual
Number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.33M	shares	Annual
Number of shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	115.16M	shares	Annual
Number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.79M	shares	Annual
Number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.16M	shares	Annual
Number of shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.46M	shares	Annual

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$150.00M	USD	Annual
Net income	`NetIncomeLoss`	$92.00M	USD	Annual
Net income	`NetIncomeLoss`	$4.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$81.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$86.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$67.00M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$32.00M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$19.00M	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$8.00M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-20.00M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-8.00M	USD	Annual
Deferred tax (benefit)	`DeferredIncomeTaxExpenseBenefit`	$3.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-6.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-9.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-92.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-158.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$242.00M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.00M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.00M	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-86.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$129.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-60.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$22.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$27.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$310.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$155.00M	USD	Annual
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.00M	USD	Annual
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.00M	USD	Annual
Payment for purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.00M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-66.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00M	USD	Annual
Proceeds from borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$76.00M	USD	Annual
Repayment of borrowings on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of borrowings on revolving credit facility	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of borrowings on revolving credit facility	`RepaymentsOfLinesOfCredit`	$71.00M	USD	Annual
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$451.00M	USD	Annual
Repayment of debt and finance leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	Annual
Repayment of debt and finance leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$104.00M	USD	Annual
Repayment of debt and finance leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	Annual
Payment for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.00M	USD	Annual
Payment for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment for tax withholdings related to vesting of stock compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.00M	USD	Annual
Payment for tax withholdings related to vesting of stock compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.00M	USD	Annual
Payment for tax withholdings related to vesting of stock compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net transfers to XPO	`PaymentsToProceedsFromParentFinancingActivities`	-	USD	Annual
Net transfers to XPO	`PaymentsToProceedsFromParentFinancingActivities`	$159.00M	USD	Annual
Net transfers to XPO	`PaymentsToProceedsFromParentFinancingActivities`	$621.00M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-183.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.00M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-158.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$69.00M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.00M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-41.00M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$98.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$70.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.00M	USD	Point-in-time
Cash paid for income taxes, net	`IncomeTaxesPaid`	$5.00M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaid`	$27.00M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaid`	$3.00M	USD	Annual
Cash paid for interest, net	`InterestPaidNet`	-	USD	Annual
Cash paid for interest, net	`InterestPaidNet`	-	USD	Annual
Cash paid for interest, net	`InterestPaidNet`	$32.00M	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	116.40M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	117.03M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$594.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$587.00M	USD	Point-in-time
Net income	`NetIncomeLoss`	$150.00M	USD	Annual
Net income	`NetIncomeLoss`	$92.00M	USD	Annual
Net income	`NetIncomeLoss`	$4.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00M	USD	Annual
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$32.00M	USD	Annual
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$19.00M	USD	Annual
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$8.00M	USD	Annual
Vesting of stock compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Vesting of stock compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	Annual
Tax withholdings related to vesting of stock compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.00M	USD	Annual
Tax withholdings related to vesting of stock compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.00M	USD	Annual
Net transfers to XPO	`NetTransfersToParent`	$156.00M	USD	Annual
Net transfers to XPO	`NetTransfersToParent`	$602.00M	USD	Annual
Issuance of common stock and reclassification of XPO investment	`StockIssuedDuringPeriodValueReclassificationOfParentInvestment`	-	USD	Annual
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$2.00M	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	116.40M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	117.03M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$594.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$587.00M	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, tax, portion attributable to parent	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Net income	`NetIncomeLoss`	$150.00M	USD	Annual
Net income	`NetIncomeLoss`	$92.00M	USD	Annual
Foreign currency translation adjustment, tax, portion attributable to parent	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation adjustment, tax, portion attributable to parent	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	-	USD	Annual
Net income	`NetIncomeLoss`	$4.00M	USD	Annual
Foreign currency translation gain (loss), net of tax effect of $0, $0 and $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation gain (loss), net of tax effect of $0, $0 and $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.00M	USD	Annual
Foreign currency translation gain (loss), net of tax effect of $0, $0 and $0	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$90.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$150.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.00M	USD	Annual

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