v3.25.2
Segment information - Reportable Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net revenues $ 1,350 $ 1,338 $ 2,642 $ 2,666
Cost of operations 920 891 1,796 1,775
General and administrative expense (143) (127) (297) (251)
Depreciation expense (170) (164) (328) (322)
Acquisition, transaction, and other expense (37) (12) (52) (20)
Restructuring, impairment, and gain (loss) on disposals (3) (15) 18 (15)
Equity income (loss), net of tax 3 (1) (1) (3)
Gain (loss) on foreign currency transactions, net 26 2 42 (9)
Interest expense, net (67) (148) (127) (287)
Gain (loss) on extinguishment of debt 0 0 0 (7)
Other nonoperating income (expense), net 1 0 1 0
Net income (loss) before income taxes (14) (73) (6) (131)
Total capital expenditures for property, plant, and equipment 156 198 267 315
Operating segments        
Segment Reporting Information [Line Items]        
Net revenues 1,350 1,338 2,642 2,666
Cost of operations 915 891 1,790 1,775
Income from operations 435 447 852 891
Reconciling items        
Segment Reporting Information [Line Items]        
Stock-based compensation expense and related employer-paid payroll taxes 5 0 6 0
Stock-based compensation expense and related employer-paid payroll taxes in cost of operations (5) 0 (6) 0
General and administrative expense (143) (127) (297) (251)
Depreciation expense (170) (164) (328) (322)
Amortization expense (54) (55) (108) (108)
Acquisition, transaction, and other expense (37) (12) (52) (20)
Restructuring, impairment, and gain (loss) on disposals (3) (15) 18 (15)
Equity income (loss), net of tax 3 (1) (1) (3)
Gain (loss) on foreign currency transactions, net 26 2 42 (9)
Interest expense, net (67) (148) (127) (287)
Gain (loss) on extinguishment of debt 0 0 0 (7)
Other nonoperating income (expense), net 1 0 1 0
Corporate activities        
Segment Reporting Information [Line Items]        
Total capital expenditures for property, plant, and equipment 27 31 48 57
Global Warehousing | Operating segments        
Segment Reporting Information [Line Items]        
Net revenues 970 966 1,914 1,935
Cost of operations 603 582 1,187 1,166
Income from operations 367 384 727 769
Total capital expenditures for property, plant, and equipment 127 154 215 238
Global Warehousing | Operating segments | Labor        
Segment Reporting Information [Line Items]        
Cost of operations 368 356 724 710
Global Warehousing | Operating segments | Power        
Segment Reporting Information [Line Items]        
Cost of operations 51 50 100 97
Global Warehousing | Operating segments | Other warehouse costs        
Segment Reporting Information [Line Items]        
Cost of operations 184 176 363 359
Global Integrated Solutions | Operating segments        
Segment Reporting Information [Line Items]        
Net revenues 380 372 728 731
Cost of operations 312 309 603 609
Income from operations 68 63 125 122
Total capital expenditures for property, plant, and equipment $ 2 $ 13 $ 4 $ 20