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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 233 $ 200 $ 161
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization expense 361 329 335
Stock-based compensation expense 35 33 28
Deferred tax benefit (41) (7) (48)
Other 23 (17) (24)
Changes in operating assets and liabilities      
Accounts receivable (17) (71) (243)
Other assets 28 24 (57)
Accounts payable (3) 45 114
Accrued expenses and other liabilities (61) 6 189
Net cash provided by operating activities 558 542 455 Close
Cash flows from investing activities:      
Capital expenditures (274) (342) (250)
Proceeds from sale of property and equipment 18 40 11
Acquisition of business, net of cash acquired (149) (876) 32
Cross-currency swap agreements settlement (3) 21 0
Other (2) 8 0
Net cash used in investing activities (410) (1,149) (207) Close
Cash flows from financing activities:      
Proceeds from debt, net 0 917 794
Repayments of debt, net (140) (82) (47)
Repayment of finance lease obligations (29) (33) (25)
Taxes paid related to net share settlement of equity awards (12) (16) (1)
Repayments related to trade securitization program 0 0 (26)
Purchase of NCI 0 0 (128)
Net transfers to XPO 0 0 (774)
Other (5) 1 (34)
Net cash (used in) provided by financing activities (186) 787 (241) Close
Effect of exchange rates on cash and cash equivalents 13 (18) (2) Close
Net (decrease) increase in cash, restricted cash and cash equivalents (25) 162 5 Close
Cash, restricted cash and cash equivalents, beginning of year 495 333 328
Cash, restricted cash and cash equivalents, end of year 470 495 333
Reconciliation of cash, restricted cash and cash equivalents      
Cash and cash equivalents 468 495 333
Restricted cash (included in Other long-term assets) 2 0 0
Total cash, restricted cash and cash equivalents 470 495 333
Supplemental cash flow information:      
Cash paid for interest, net 57 34 22
Cash paid for income taxes, net 84 111 75
Noncash investing and financing activities:      
Common stock issued for acquisition 0 204 0
Settlement of related party debt due to the Separation $ 0 $ 0 $ 437