Goodwill and other intangible assets, net

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets, net

Goodwill

Changes in the carrying amount of goodwill for each reportable segment for the three months ended March 31, 2026 are as follows:


(in millions)	Global Warehousing		Global Integrated Solutions		Total




Balance as of December 31, 2025 (1)	$	2,838	$	628	$	3,466



Foreign currency translation and other	(24)		(4)		(28)
Balance as of March 31, 2026 (1)	$	2,814	$	624	$	3,438

(1) Net of accumulated impairment losses of $48 million as of March 31, 2026 and December 31, 2025.

Other Intangible Assets

The following are the Company’s total other intangible assets:


	March 31, 2026						December 31, 2025
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	1,500	$	(540)	$	960	$	1,512	$	(516)	$	996
In-place leases	86		(24)		62		86		(23)		63
Technology	32		(12)		20		32		(12)		20
Assembled workforce	9		(4)		5		9		(3)		6
Other	14		(9)		5		28		(23)		5
Other intangible assets	$	1,641	$	(589)	$	1,052	$	1,667	$	(577)	$	1,090

During the three months ended March 31, 2026 and 2025, the Company derecognized fully-amortized intangible assets and the associated accumulated amortization totaling $14 million and $12 million, respectively.