Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2026

Schedule Of Financial Performance By Reportable Segment

The following tables present our financial performance by reportable segment for the periods indicated (in millions):


	North America		Europe		Specialty		Eliminations		Consolidated
Three Months Ended June 30, 2026
Revenue:
Third Party	$	1,466	$	1,455	$	487	$	—	$	3,408
Intersegment	—		—		1		(1)		—
Total segment revenue	$	1,466	$	1,455	$	488	$	(1)	$	3,408

Less: (1)
Cost of goods sold	844		881		363
Selling, general and administrative expenses	420		476		94
Other segment items (2)	(5)		(11)		(2)
Segment EBITDA	$	207	$	109	$	33	$	—	$	349
Total depreciation and amortization (3)	$	46	$	48	$	9	$	—	$	103

Three Months Ended June 30, 2025
Revenue:
Third Party	$	1,442	$	1,607	$	464	$	—	$	3,513
Intersegment	—		—		1		(1)		—
Total segment revenue	$	1,442	$	1,607	$	465	$	(1)	$	3,513

Less: (1)
Cost of goods sold	823		988		347
Selling, general and administrative expenses	402		474		82
Other segment items (2)	(7)		(6)		(3)
Segment EBITDA	$	224	$	151	$	39	$	—	$	414
Total depreciation and amortization (3)	$	50	$	44	$	8	$	—	$	102


	North America		Europe		Specialty		Eliminations		Consolidated
Six Months Ended June 30, 2026
Revenue:
Third Party	$	2,906	$	3,076	$	895	$	—	$	6,877
Intersegment	—		—		2		(2)		—
Total segment revenue	$	2,906	$	3,076	$	897	$	(2)	$	6,877

Less: (1)
Cost of goods sold	1,672		1,882		673
Selling, general and administrative expenses	830		976		178
Other segment items (2)	(6)		(17)		(5)
Segment EBITDA	$	410	$	235	$	51	$	—	$	696
Total depreciation and amortization (3)	$	91	$	94	$	17	$	—	$	202

Six Months Ended June 30, 2025
Revenue:
Third Party	$	2,854	$	3,129	$	857	$	—	$	6,840
Intersegment	—		—		2		(2)		—
Total segment revenue	$	2,854	$	3,129	$	859	$	(2)	$	6,840

Less: (1)
Cost of goods sold	1,608		1,919		646
Selling, general and administrative expenses	816		933		158
Other segment items (2)	(11)		(15)		(5)
Segment EBITDA	$	441	$	292	$	60	$	—	$	793
Total depreciation and amortization (3)	$	99	$	83	$	16	$	—	$	198

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker ("CODM"). Intersegment expenses are included within the amounts shown.

(2) Amounts primarily represent other non operating income and expenses within each segment, as well as a reconciling item to remove depreciation - cost of goods sold, which is excluded from the calculation of Segment EBITDA.

(3) Amounts presented include depreciation and amortization expense recorded within Cost of goods sold and Restructuring and transaction related expenses.

Reconciliation Of Net Income to Segment EBITDA

The table below provides a reconciliation of Net Income to Segment EBITDA (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income	$	136	$	193	$	215	$	362
Less: net income attributable to continuing noncontrolling interest	—		1		—		1
Net income attributable to LKQ stockholders	136		192		215		361
Less: net income from discontinued operations	2		7		4		18
Net income from continuing operations attributable to LKQ stockholders	134		185		211		343
Adjustments:

Depreciation and amortization	103		102		202		198



Interest expense, net of interest income	52		53		100		105

Provision for income taxes	48		67		92		128


Equity in (earnings) losses of unconsolidated subsidiaries (1)	(2)		(1)		44		—

Equity investment fair value adjustments	—		—		—		(1)


Restructuring and transaction related expenses (2)	14		8		47		19







Direct impacts of Ukraine/Russia conflict (3)	—		—		—		1
Segment EBITDA	$	349	$	414	$	696	$	793

(1) See Note 6, "Equity Method Investments" for further information.

(2) See Note 8, "Restructuring and Transaction Related Expenses" for further information.

(3) Adjustments include provisions for and subsequent adjustments to reserves for asset recoverability (primarily receivables and inventory).

Schedule Of Capital Expenditures By Reportable Segment

The following table presents capital expenditures by reportable segment (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Capital Expenditures
North America	$	24	$	16	$	36	$	38
Europe	23		32		49		59
Specialty	4		4		6		7
Total capital expenditures	$	51	$	52	$	91	$	104

Schedule Of Assets By Reportable Segment

The following table presents assets by reportable segment (in millions):


	June 30, 2026		December 31, 2025
Receivables, net of allowance for credit losses
North America	$	560	$	495
Europe	683		552
Specialty	156		157
Total receivables, net of allowance for credit losses	1,399		1,204
Inventories
North America	1,401		1,479
Europe	1,418		1,496
Specialty	465		451
Total inventories	3,284		3,426
Property, plant and equipment, net
North America	643		651
Europe	650		695
Specialty	124		106
Total property, plant and equipment, net	1,417		1,452
Operating lease assets, net
North America	628		641
Europe	534		544
Specialty	148		147
Total operating lease assets, net	1,310		1,332





Other unallocated assets	7,619		7,723
Total assets	$	15,029	$	15,137

Schedule Of Tangible Long-Lived Assets By Geographic Area

The following table sets forth our tangible long-lived assets by geographic area (in millions):


	June 30, 2026		December 31, 2025
Long-lived assets
United States	$	1,314	$	1,313
Germany	345		369
United Kingdom	300		321
Other countries	768		781
Total long-lived assets	$	2,727	$	2,784