Segment information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Capital expenditures by segment

Capital expenditures for property, plant, and equipment presented below by segment are inclusive of purchases recorded in Accounts payable and accrued liabilities during each period.


									Three Months Ended March 31,
(in millions)															2026						2025
Global Warehousing revenues															$	985					$	944
Global Integrated Solutions revenues															312						348
Total net revenues															1,297						1,292

Global Warehousing operating costs:
Labor															381						356
Power															54						49
Other warehouse costs															186						179
Total Global Warehousing cost of operations															621						584
Global Integrated Solutions cost of operations (1)															255						291




Global Warehousing NOI															364						360
Global Integrated Solutions NOI															57						57
Total segment NOI															421						417
Reconciling items:
Stock-based compensation expense and related employer-paid payroll taxes in cost of operations															(4)						(1)
General and administrative expense															(141)						(154)
Depreciation expense															(177)						(158)
Amortization expense															(56)						(54)
Acquisition, transaction, and other expense															(4)						(15)

Restructuring, impairment, and gain (loss) on disposals															(3)						21
Equity income (loss), net of tax															(3)						(4)
Gain (loss) on foreign currency transactions, net															3						16
Interest expense, net															(84)						(60)

Other nonoperating income (expense), net															1						—
Net income (loss) before income taxes															$	(47)					$	8

Capital expenditures for property, plant, and equipment:
Global Warehousing capital expenditures															$	144					$	88
Global Integrated Solutions capital expenditures															3						2
Corporate capital expenditures															27						21
Total capital expenditures for property, plant, and equipment															$	174					$	111

(1) Cost of operations in the Global Integrated Solutions segment primarily consists of third-party carrier charges, labor, fuel, and rail and vehicle maintenance.