Segment and Geographic Information (Tables)

9 Months Ended

Sep. 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 September 30, 2026
Revenue:
Third Party	$	1,401	$	1,453	$	465	$	—	$	3,319
Intersegment	1		—		—		(1)		—
Total segment revenue	$	1,402	$	1,453	$	465	$	(1)	$	3,319

Less: (1)
Cost of goods sold	808		921		355
Selling, general and administrative expenses	394		476		89
Other segment items (2)	(3)		(12)		(4)
Segment EBITDA	$	203	$	68	$	25	$	—	$	296
Total depreciation and amortization (3)	$	47	$	45	$	11	$	—	$	103

Three Months Ended September 30, 2025
Revenue:
Third Party	$	1,423	$	1,620	$	456	$	—	$	3,499
Intersegment	—		—		1		(1)		—
Total segment revenue	$	1,423	$	1,620	$	457	$	(1)	$	3,499

Less: (1)
Cost of goods sold	825		991		343
Selling, general and administrative expenses	401		474		83
Other segment items (2)	(2)		(7)		(3)
Segment EBITDA	$	199	$	162	$	34	$	—	$	395
Total depreciation and amortization (3)	$	49	$	48	$	8	$	—	$	105


	North America		Europe		Specialty		Eliminations		Consolidated
Nine Months Ended September 30, 2026
Revenue:
Third Party	$	4,307	$	4,529	$	1,360	$	—	$	10,196
Intersegment	1		—		2		(3)		—
Total segment revenue	$	4,308	$	4,529	$	1,362	$	(3)	$	10,196

Less: (1)
Cost of goods sold	2,480		2,803		1,028
Selling, general and administrative expenses	1,224		1,452		267
Other segment items (2)	(9)		(29)		(9)
Segment EBITDA	$	613	$	303	$	76	$	—	$	992
Total depreciation and amortization (3)	$	138	$	139	$	28	$	—	$	305

Nine Months Ended September 30, 2025
Revenue:
Third Party	$	4,277	$	4,749	$	1,313	$	—	$	10,339
Intersegment	—		—		3		(3)		—
Total segment revenue	$	4,277	$	4,749	$	1,316	$	(3)	$	10,339

Less: (1)
Cost of goods sold	2,433		2,910		989
Selling, general and administrative expenses	1,217		1,407		241
Other segment items (2)	(13)		(22)		(8)
Segment EBITDA	$	640	$	454	$	94	$	—	$	1,188
Total depreciation and amortization (3)	$	148	$	131	$	24	$	—	$	303

(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 reconciling items to remove depreciation - cost of goods sold and the direct impacts of the Ukraine/Russia conflict, which are 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 (Loss) to Segment EBITDA (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Net (loss) income	$	(27)	$	180	$	188	$	542
Less: net (loss) income attributable to continuing noncontrolling interest	(1)		—		(1)		1
Net (loss) income attributable to LKQ stockholders	(26)		180		189		541
Less: net (loss) income from discontinued operations	(2)		2		2		20
Net (loss) income from continuing operations attributable to LKQ stockholders	(24)		178		187		521
Adjustments:

Depreciation and amortization	103		105		305		303



Interest expense, net of interest income	53		53		153		158

Provision for income taxes	32		45		124		173


Equity in (earnings) losses of unconsolidated subsidiaries (1)	(2)		—		42		—

Equity investment fair value adjustments	(1)		—		(1)		(1)


Restructuring and transaction related expenses (2)	20		14		67		33




Impairment of goodwill (3)	88		—		88		—
Impairment of net assets held for sale (4)	23		—		23		—

Direct impacts of Ukraine/Russia conflict (5)	4		—		4		1
Segment EBITDA	$	296	$	395	$	992	$	1,188

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

(2) Excludes amounts related to Restructuring - Depreciation expense. See Note 8, "Restructuring and Transaction Related Expenses" for further information on restructuring activities.

(3) See Note 5, "Intangible Assets" for further information.

(4) See Note 2, "Business Combinations and Divestitures" for further information.

(5) Amounts primarily include inventory write-downs and property, plant, and equipment impairment charges for operations impacted by the Ukraine/Russia conflict.

Schedule Of Capital Expenditures By Reportable Segment

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Capital Expenditures
North America	$	18	$	20	$	54	$	58
Europe	15		26		64		85
Specialty	6		5		12		12
Total capital expenditures	$	39	$	51	$	130	$	155

Schedule Of Assets By Reportable Segment

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


	September 30, 2026		December 31, 2025
Receivables, net of allowance for credit losses
North America	$	536	$	495
Europe	675		552
Specialty	143		157
Total receivables, net of allowance for credit losses	1,354		1,204
Inventories
North America	1,403		1,479
Europe	1,411		1,496
Specialty	448		451
Total inventories	3,262		3,426
Property, plant and equipment, net
North America	649		651
Europe	624		695
Specialty	123		106
Total property, plant and equipment, net	1,396		1,452
Operating lease assets, net
North America	611		641
Europe	528		544
Specialty	144		147
Total operating lease assets, net	1,283		1,332





Other unallocated assets	7,487		7,723
Total assets	$	14,782	$	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):


	September 30, 2026		December 31, 2025
Long-lived assets
United States	$	1,302	$	1,313
Germany	338		369
United Kingdom	292		321
Other countries	747		781
Total long-lived assets	$	2,679	$	2,784