v3.22.2.2
Condensed Combined Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 187 $ 29
Accounts receivable, net of allowances of $13 and $9, respectively 1,012 1,010
Other current assets 26 44
Total current assets 1,225 1,083
Property and equipment, net of $228 and $219 in accumulated depreciation, respectively 119 111
Operating lease assets 162 128
Goodwill 630 630
Identifiable intangible assets, net of $232 and $217 in accumulated amortization, respectively 85 100
Other long-term assets 16 16
Total long-term assets 1,012 985
Total assets 2,237 2,068
Current liabilities    
Accounts payable 547 520
Accrued expenses 284 248
Short-term borrowings and current finance lease liabilities 5 0
Short-term operating lease liabilities 47 42
Other current liabilities 5 6
Total current liabilities 888 816
Long-term debt and finance lease liabilities 6 0
Deferred tax liability 44 52
Long-term operating lease liabilities 119 93
Other long-term liabilities 36 37
Total long-term liabilities 205 182
Equity    
XPO investment 1,148 1,072
Accumulated other comprehensive loss (4) (2)
Total equity 1,144 1,070
Total liabilities and equity $ 2,237 $ 2,068