Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Income Statement [Abstract] | ||||||
| Revenue | $ 2,394 | $ 2,156 | $ 4,717 | $ 4,239 | | |
| Direct operating expense | 1,957 | 1,775 | 3,863 | 3,523 | | |
| Selling, general and administrative expense | 245 | 220 | 503 | 410 | | |
| Depreciation and amortization expense | 84 | 77 | 167 | 153 | | |
| Transaction and integration costs | 6 | 24 | 19 | 43 | | |
| Restructuring costs and other | 3 | 1 | 24 | 14 | | |
| Total Operating Expenses | 2295.0 | 2097.0 | 4576.0 | 4143.0 | 0 | |
| Operating income | 99 | 59 | 141 | 96 | | |
| Other income, net | 1 | 23 | 1 | 39 | | |
| Total Other Income Expenses | -13.0 | 14.0 | -26.0 | 26.0 | 0.0 | |
| Interest expense, net | (14) | (9) | (27) | (13) | | |
| Income before income taxes | 86 | 73 | 115 | 122 | | |
| Income tax expense | (20) | (21) | (23) | (32) | | |
| Net income | 66 | 52 | 92 | 90 | | |
| Net income attributable to noncontrolling interests | (1) | (1) | (2) | (2) | | |
| Net income attributable to GXO | $ 65 | $ 51 | $ 90 | $ 88 | ||
| Earnings per share | ||||||
| Basic (in dollars per share) | $ 0.55 | $ 0.44 | $ 0.76 | $ 0.76 | ||
| Diluted (in dollars per share) | $ 0.54 | $ 0.44 | $ 0.75 | $ 0.76 | ||
| Weighted-average common shares outstanding | ||||||
| Basic (in shares) | 118,927 | 116,131 | 118,854 | 115,435 | ||
| Diluted (in shares) | 119,415 | 116,646 | 119,323 | 116,111 | ||
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- Definition Spinoff Transaction and Integration Costs No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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