v3.22.2.2
Condensed Combined Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 96 $ 108
Adjustments to reconcile net income to net cash from operating activities    
Depreciation, amortization and net lease activity 65 62
Stock compensation expense 9 6
Deferred tax expense (8) 1
Other 6 0
Changes in assets and liabilities    
Accounts receivable (10) (101)
Other assets 12 (14)
Accounts payable 25 30
Accrued expenses and other liabilities 39 27
Net cash provided by operating activities 234 119
Investing activities    
Payment for purchases of property and equipment (39) (30)
Proceeds from sale of property and equipment 1 1
Net cash used in investing activities (38) (29)
Net transfers to XPO (39) (131)
Financing activities    
Other 1 1
Net cash used in financing activities (38) (130)
Effect of exchange rates on cash, cash equivalents and restricted cash 0 1
Net increase (decrease) in cash, cash equivalents and restricted cash 158 (39)
Cash, cash equivalents, and restricted cash, beginning of period 29 70
Cash, cash equivalents, and restricted cash, end of period 187 31
Supplemental disclosure of cash flow information:    
Leased assets obtained in exchange for new operating lease liabilities 46 35
Leased assets obtained in exchange for new finance lease liabilities 8 0
Cash paid for income taxes $ 3 $ 3