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Debt and Financing Arrangements - Schedule of Debt (Details) € in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2026 USD ($)	Sep. 30, 2026 EUR (€)	Jul. 31, 2026	Dec. 31, 2025 USD ($)
Debt Instrument
Total Debt	$ 2,818			$ 3,065
Less: Current debt	366			446
Total Long-term debt	2,452			2,619
Finance lease liabilities included in Current debt	82			45
Other debt	$ 9			1
Unsecured Debt \| Unsecured notes due 2026
Debt Instrument
Interest rate (as a percent)	1.65%	1.65%	1.65%
Total Debt	$ 0			400
Less: Current debt				400
Unsecured Debt \| Unsecured notes due 2029
Debt Instrument
Interest rate (as a percent)	6.25%	6.25%
Total Debt	$ 595			594
Unamortized discount (premium) and debt issuance costs, net	$ 5			6
Unsecured Debt \| Unsecured notes due 2031
Debt Instrument
Interest rate (as a percent)	2.65%	2.65%
Total Debt	$ 398			398
Unamortized discount (premium) and debt issuance costs, net	$ 2			2
Unsecured Debt \| Unsecured notes due 2034
Debt Instrument
Interest rate (as a percent)	6.50%	6.50%
Total Debt	$ 492			491
Unamortized discount (premium) and debt issuance costs, net	$ 8			9
Unsecured Debt \| Euro unsecured notes due 2030
Debt Instrument
Interest rate (as a percent)	3.75%	3.75%
Face amount \| €		€ 500
Total Debt	$ 561			580
Unamortized discount (premium) and debt issuance costs, net	$ 6			7
Unsecured Debt \| Five-year term loan due 2027
Debt Instrument
Interest rate (as a percent)	5.38%	5.38%
Debt term (in years)	5 years
Total Debt	$ 275			275
Unsecured Debt \| Finance leases and other debt
Debt Instrument
Total Debt	$ 497			$ 327

Revenue Recognition

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 2. Revenue Recognition

Revenue disaggregated by geographical area was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
United Kingdom	$	1,751	$	1,628	$	5,030	$	4,609
United States	846		801		2,379		2,320
Netherlands	263		275		789		760
France	216		210		637		612
Spain	184		170		527		479
Italy	111		103		332		303
Other	219		208		635		588
Total	$	3,590	$	3,395	$	10,329	$	9,671

The Company’s revenue can also be disaggregated by various verticals, reflecting the customers’ principal industry. Revenue disaggregated by industry was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Omnichannel retail	$	1,689	$	1,645	$	4,887	$	4,693
Technology and consumer electronics	498		420		1,370		1,215
Industrial and manufacturing	405		386		1,207		1,151
Food and beverage	351		371		1,009		1,044
Consumer packaged goods	333		324		998		898
Other	314		249		858		670
Total	$	3,590	$	3,395	$	10,329	$	9,671

Contract Assets and Liabilities

The contract asset and contract liability balances from contracts with customers were as follows:


	September 30,		December 31,
(In millions)	2026		2025
Contract assets and contract costs included in:
Other current assets	$	36	$	36
Other long-term assets	251		235
Total contract assets	$	287	$	271
Contract liabilities included in:
Other current liabilities	$	244	$	279
Other long-term liabilities	99		101
Total contract liabilities	$	343	$	380

Contract liabilities represent the Company’s obligation to transfer services to a customer for which the Company has received consideration, or the amount due from a customer before the related services have been transferred.

Revenue recognized included in contract liabilities at the beginning of the period was $15 million and $46 million for the three months ended September 30, 2026 and 2025, respectively, and $244 million and $267 million for the nine months ended September 30, 2026 and 2025, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of GXO Logistics, Inc. (“GXO” or the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and pursuant to the rules of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all normal recurring accruals and adjustments considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented herein have been included. The Consolidated Balance Sheet as of December 31, 2025, was derived from audited annual financial statements as of that date. Operating results for interim periods are not necessarily indicative of full-year results. The accompanying Condensed Consolidated Financial Statements and Notes thereto should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2025. The Company presents its operations as one reportable segment. Basis of Consolidation The Company’s Condensed Consolidated Financial Statements include the accounts of GXO and its majority-owned subsidiaries and variable interest entities of which the Company is the primary beneficiary. The Company has eliminated intercompany balances and transactions. Use of Estimates The preparation of the Company’s interim Condensed Consolidated Financial Statements requires management to make estimates and assumptions about future events. Management believes its use of estimates in these interim Condensed Consolidated Financial Statements to be reasonable. Accounting Pronouncements Issued But Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This standard requires all public companies to disclose more detailed information about certain costs and expenses in the notes to the financial statements in interim and annual reporting periods. This update will be effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its disclosures. In September 2025, the FASB issued ASU 2025-06, Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The amendments in this update remove all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout Subtopic 350-40. Therefore, an entity is required to start capitalizing software costs when certain capitalization criteria are met. The ASU also supersedes guidance on website development costs. The amendments are effective for all entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently evaluating the impact of this standard on its results of operations, financial position or cash flows, and the impact of adopting this standard on its disclosures.

Debt and Financing Arrangements - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Jul. 31, 2026	Sep. 30, 2026	Dec. 31, 2025
Debt Instrument
Letters of credit		$ 7	$ 6
Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity		800
Long-term line of credit		0	$ 0
Letter of Credit
Debt Instrument
Maximum borrowing capacity		$ 100
Unsecured Debt \| Unsecured notes due 2026
Debt Instrument
Amount repaid	$ 400
Interest rate (as a percent)	1.65%	1.65%
Line of Credit \| Revolving Credit Facility
Debt Instrument
Maximum consolidated leverage ratio		3.50
Maximum consolidated leverage ratio following consummation of a material acquisition		4.25
Line of Credit \| Revolving Credit Facility \| Unsecured Debt
Debt Instrument
Debt term (in years)		5 years

Debt and Financing Arrangements

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Debt and Financing Arrangements

Note 7. Debt and Financing Arrangements

The following table summarizes the carrying value of the Company’s debt:


			September 30,		December 31,
(In millions, except percentages)	Rate		2026		2025
Unsecured notes due 2026	1.65	%	$	—	$	400
Unsecured notes due 2029(1)	6.25	%	595		594
Unsecured notes due 2031(2)	2.65	%	398		398
Unsecured notes due 2034(3)	6.50	%	492		491
Euro unsecured notes due 2030 (€500 principal)(4)	3.75	%	561		580
Five-year term loan due 2027(5)	5.38	%	275		275
Finance leases and other debt	Various		497		327
Total Debt			$	2,818	$	3,065
Less: Current debt(6)			366		446
Total Long-term debt			$	2,452	$	2,619

(1) Net of unamortized discount and debt issuance costs of $5 million and $6 million as of September 30, 2026 and December 31, 2025, respectively.

(2) Net of unamortized discount and debt issuance costs of $2 million as of September 30, 2026 and December 31, 2025.

(3) Net of unamortized discount and debt issuance costs of $8 million and $9 million as of September 30, 2026 and December 31, 2025, respectively.

(4) Net of unamortized discount and debt issuance costs of $6 million and $7 million as of September 30, 2026 and December 31, 2025, respectively.

(5) Variable-rate debt.

(6) As of September 30, 2026, current debt consisted of $275 million five-year term loan maturing in May 2027, $82 million of finance lease liabilities and $9 million of other debt. As of December 31, 2025, current debt consisted of $400 million in unsecured notes maturing in July 2026, $45 million of finance lease liabilities and $1 million of other debt.

Repayments of Debt

Upon maturity in July 2026, the Company repaid $400 million of 1.65% unsecured notes using cash on hand.

Revolving Credit Facilities

The Company has a five-year unsecured, multi-currency revolving credit facility expiring in 2029 (the “Revolving Credit Agreement”). The aggregate commitment of all lenders under the Revolving Credit Agreement is equal to $800 million, of which $100 million is available for the issuance of letters of credit. As of September 30, 2026 and December 31, 2025, no amounts were outstanding, and letters of credit were $7 million and $6 million, respectively, under the Revolving Credit Agreement. Borrowings under revolving credit facilities maturing in three months or less are presented net in the Condensed Consolidated Statement of Cash Flows.

Covenants and Compliance

The covenants governing the Company’s debt securities limit our ability to incur indebtedness and grant liens, among other restrictions. The Company’s revolving credit facility generally requires us to maintain a consolidated leverage ratio of no greater than 3.50 to 1.00, which may increase to 4.25 to 1.00 following the consummation of a material acquisition. The consolidated leverage ratio may not exceed 3.50 to 1.00 for more than five consecutive fiscal quarters. As of September 30, 2026, the Company was in compliance with the covenants contained in its debt and financing arrangements.

Factoring Programs

The Company sells certain of its trade receivables on a non-recourse basis to third-party financial institutions under various factoring agreements. Information related to the trade receivables sold under the factoring agreements was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Receivables sold in period	$	623	$	678	$	1,885	$	2,072
Cash consideration	620		674		1,875		2,059

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

Schedule of Operating Segment Information

The Company’s segment results were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Revenue	$	3,590	$	3,395	$	10,329	$	9,671
Direct operating expense	3,064		2,857		8,805		8,228
Selling, general and administrative expense(1)	270		266		831		769
Other (income) expense, net(2)(3)	(10)		2		(22)		(1)
Segment Adjusted EBITDA	$	266	$	270	$	715	$	675
Less:
Corporate expenses(4)	15		19		45		49
Depreciation expense	88		87		263		247
Amortization of intangible assets acquired	27		31		84		90
Transaction and integration costs	26		14		54		50
Restructuring costs and other	3		3		11		22
Regulatory matter	—		—		—		65
Net loss on divestiture of business	1		—		24		—
Unrealized (gain) loss on foreign currency contracts(3)	(2)		(7)		(6)		11
Interest expense, net	36		35		103		103
Income before income taxes	72		88		137		38
Income tax expense	(7)		(28)		(40)		(45)
Net income (loss)	$	65	$	60	$	97	$	(7)

(1) Excludes unallocated corporate expenses.

(2) Other (income) expense, net, excluding unrealized (gain) loss on foreign currency contracts.

(3) Included in Other income/expense, net in the Condensed Consolidated Statements of Operations.

(4) Corporate expenses include unallocated costs related to corporate functions such as salaries and benefits, rent, and professional fees, which are recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

Fair Value Measurements and Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Debt Fair Values

The fair value of debt was as follows:


		September 30, 2026				December 31, 2025
(In millions)	Level	Fair Value		Carrying Value		Fair Value		Carrying Value
Unsecured notes due 2026	2	$	—	$	—	$	394	$	400
Unsecured notes due 2029	2	607		595		631		594
Unsecured notes due 2031	2	345		398		358		398
Unsecured notes due 2034	2	500		492		540		491
Euro unsecured notes due 2030	2	550		561		586		580
Five-year term loan due 2027	2	274		275		272		275

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The notional amount and fair value of derivative instruments were as follows:


	September 30, 2026				December 31, 2025				Balance Sheet Location
(In millions)	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivatives designated as net investment hedges:
Cross-currency swaps	$	765	$	48	$	422	$	33	Other current liabilities
Cross-currency swaps	1,057		63		1,400		143		Other long-term liabilities
Derivatives designated as fair value hedges:
Cross-currency swaps	$	236	$	8	$	—	$	—	Other long-term assets
Cross-currency swaps	—		—		236		1		Other long-term liabilities
Derivatives not designated as hedges:
Foreign currency option contracts	$	294	$	6	$	308	$	3	Other current assets
Foreign currency option contracts	43		1		—		—		Other long-term assets
Foreign currency option contracts	301		1		316		4		Other current liabilities
Foreign currency option contracts	45		1		—		—		Other long-term liabilities
Foreign currency forward contracts	131		1		231		1		Other current liabilities

Schedule of Derivative Instruments, Gain (Loss)

The effect of hedges on AOCIL and in the Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended September 30, 2026						Nine Months Ended September 30, 2026
(In millions)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)
Net investment hedges
Cross-currency swaps(1)	$	20	$	2	$	—	$	65	$	2	$	2
Cash flow hedges
Interest rate swaps(1)	—		—		—		—		1		—
Fair value hedges
Cross-currency swaps(1)	2		1		—		1		2		—

(1) Amounts reclassified to Net income are reported in Interest expense, net in the Condensed Consolidated Statements of Operations.


	Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
(In millions)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)
Net investment hedges
Cross-currency swaps(1)	$	18	$	—	$	1	$	(253)	$	(3)	$	3
Cash flow hedges
Interest rate swaps(1)	—		—		—		(2)		—		—

(1) Amounts reclassified to Net income are reported in Interest expense, net in the Condensed Consolidated Statements of Operations.

Leases - Schedule of Supplemental Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Leases [Abstract]
Operating leases	$ 875	$ 682
Finance leases	$ 207	$ 83

Revenue Recognition - Schedule of Revenue Disaggregated by Industry Sector (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Disaggregation of Revenue
Revenue	$ 3,590	$ 3,395	$ 10,329	$ 9,671
Omnichannel retail
Disaggregation of Revenue
Revenue	1,689	1,645	4,887	4,693
Technology and consumer electronics
Disaggregation of Revenue
Revenue	498	420	1,370	1,215
Industrial and manufacturing
Disaggregation of Revenue
Revenue	405	386	1,207	1,151
Food and beverage
Disaggregation of Revenue
Revenue	351	371	1,009	1,044
Consumer packaged goods
Disaggregation of Revenue
Revenue	333	324	998	898
Other
Disaggregation of Revenue
Revenue	$ 314	$ 249	$ 858	$ 670

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

+ Details

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Leases [Abstract]
Operating lease cost	$ 273	$ 232	$ 711	$ 670
Amortization of the right-of-use assets	31	12	57	27
Interest on the lease liabilities	7	5	19	13
Total finance lease cost	38	17	76	40
Variable lease cost	60	48	192	164
Short-term lease cost	28	61	129	149
Total lease cost	$ 399	$ 358	$ 1,108	$ 1,023

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Revenue from Contract with Customer [Abstract]
Revenue recognized in contract liabilities	$ 15	$ 46	$ 244	$ 267

Revenue Recognition - Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Contract assets and contract costs included in:
Other current assets	$ 36	$ 36
Other long-term assets	251	235
Total contract assets	287	271
Contract liabilities included in:
Other current liabilities	244	279
Other long-term liabilities	99	101
Total contract liabilities	$ 343	$ 380

Segment Information

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

Segment Information

Note 3. Segment Information

The Company is organized geographically into three operating segments: (i) Americas and Asia-Pacific, (ii) United Kingdom and Ireland, and (iii) Continental Europe. The Company’s reporting unit results are regularly provided to the Chief Operating Decision Maker (“CODM”). The CODM is our Chief Executive Officer, who assesses the Company’s performance and allocates resources.

The CODM evaluates the Company’s performance and allocates resources primarily based on earnings before interest, taxes, depreciation and amortization, adjusted for transaction and integration costs, restructuring costs and other, regulatory matters, net loss on divestiture of business and unrealized gain/loss on foreign currency contracts (“Adjusted EBITDA”). The CODM uses Adjusted EBITDA to communicate performance targets to the segment managers, to allocate resources to the segments, and to monitor segment performance. Additionally, the CODM considers the performance of this measure against planned and forecasted amounts to make investing and resource allocation decisions. The actual results are used in assessing the performance of the Company and in establishing management’s compensation.

For disclosure purposes, we aggregate these three operating segments into one reportable segment due to the similar nature of their operations and economic characteristics.

The Company’s segment results were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Revenue	$	3,590	$	3,395	$	10,329	$	9,671
Direct operating expense	3,064		2,857		8,805		8,228
Selling, general and administrative expense(1)	270		266		831		769
Other (income) expense, net(2)(3)	(10)		2		(22)		(1)
Segment Adjusted EBITDA	$	266	$	270	$	715	$	675
Less:
Corporate expenses(4)	15		19		45		49
Depreciation expense	88		87		263		247
Amortization of intangible assets acquired	27		31		84		90
Transaction and integration costs	26		14		54		50
Restructuring costs and other	3		3		11		22
Regulatory matter	—		—		—		65
Net loss on divestiture of business	1		—		24		—
Unrealized (gain) loss on foreign currency contracts(3)	(2)		(7)		(6)		11
Interest expense, net	36		35		103		103
Income before income taxes	72		88		137		38
Income tax expense	(7)		(28)		(40)		(45)
Net income (loss)	$	65	$	60	$	97	$	(7)

(1) Excludes unallocated corporate expenses.

(2) Other (income) expense, net, excluding unrealized (gain) loss on foreign currency contracts.

(3) Included in Other income/expense, net in the Condensed Consolidated Statements of Operations.

- Definition

The entire disclosure for segment reporting.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computations of basic and diluted earnings per share were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions, shares in thousands, except per share amounts)	2026		2025		2026		2025
Net income (loss) attributable to common shares	$	64	$	59	$	93	$	(11)
Basic weighted-average common shares	113,899		114,473		114,538		116,075
Effect of dilutive securities:
Restricted stock units	369		584		477		—
Performance stock units	368		269		380		—
Stock options	—		3		—		—
Total dilutive potential common shares	737		856		857		—
Diluted weighted-average common shares	114,636		115,329		115,395		116,075

Basic earnings (loss) per share	$	0.56	$	0.52	$	0.81	$	(0.09)
Diluted earnings (loss) per share	$	0.56	$	0.51	$	0.81	$	(0.09)

Leases - Narrative (Details) $ in Millions	9 Months Ended
Leases - Narrative (Details) $ in Millions	Sep. 30, 2026 USD ($)
Leases [Abstract]
Net benefit from early termination lease	$ 30

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]
Amortization of intangible assets	$ 27	$ 31	$ 84	$ 90

- Definition

Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
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+ Details

Debt and Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the carrying value of the Company’s debt:


			September 30,		December 31,
(In millions, except percentages)	Rate		2026		2025
Unsecured notes due 2026	1.65	%	$	—	$	400
Unsecured notes due 2029(1)	6.25	%	595		594
Unsecured notes due 2031(2)	2.65	%	398		398
Unsecured notes due 2034(3)	6.50	%	492		491
Euro unsecured notes due 2030 (€500 principal)(4)	3.75	%	561		580
Five-year term loan due 2027(5)	5.38	%	275		275
Finance leases and other debt	Various		497		327
Total Debt			$	2,818	$	3,065
Less: Current debt(6)			366		446
Total Long-term debt			$	2,452	$	2,619

(1) Net of unamortized discount and debt issuance costs of $5 million and $6 million as of September 30, 2026 and December 31, 2025, respectively.

(2) Net of unamortized discount and debt issuance costs of $2 million as of September 30, 2026 and December 31, 2025.

(3) Net of unamortized discount and debt issuance costs of $8 million and $9 million as of September 30, 2026 and December 31, 2025, respectively.

(4) Net of unamortized discount and debt issuance costs of $6 million and $7 million as of September 30, 2026 and December 31, 2025, respectively.

(5) Variable-rate debt.

Schedule of Trade Receivables Sold Under the Factoring Agreements

Information related to the trade receivables sold under the factoring agreements was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Receivables sold in period	$	623	$	678	$	1,885	$	2,072
Cash consideration	620		674		1,875		2,059

Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Geographical Area

Revenue disaggregated by geographical area was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
United Kingdom	$	1,751	$	1,628	$	5,030	$	4,609
United States	846		801		2,379		2,320
Netherlands	263		275		789		760
France	216		210		637		612
Spain	184		170		527		479
Italy	111		103		332		303
Other	219		208		635		588
Total	$	3,590	$	3,395	$	10,329	$	9,671

Schedule of Revenue Disaggregated by Industry Sector

The Company’s revenue can also be disaggregated by various verticals, reflecting the customers’ principal industry. Revenue disaggregated by industry was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Omnichannel retail	$	1,689	$	1,645	$	4,887	$	4,693
Technology and consumer electronics	498		420		1,370		1,215
Industrial and manufacturing	405		386		1,207		1,151
Food and beverage	351		371		1,009		1,044
Consumer packaged goods	333		324		998		898
Other	314		249		858		670
Total	$	3,590	$	3,395	$	10,329	$	9,671

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

The contract asset and contract liability balances from contracts with customers were as follows:


	September 30,		December 31,
(In millions)	2026		2025
Contract assets and contract costs included in:
Other current assets	$	36	$	36
Other long-term assets	251		235
Total contract assets	$	287	$	271
Contract liabilities included in:
Other current liabilities	$	244	$	279
Other long-term liabilities	99		101
Total contract liabilities	$	343	$	380

Segment Reporting - Schedule of Operating Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Segment Reporting
Revenue	$ 3,590	$ 3,395	$ 10,329	$ 9,671
Direct operating expense	3,064	2,857	8,805	8,228
Transaction and integration costs	26	14	54	50
Restructuring costs and other	3	3	11	22
Net loss on divestiture of business	1	0	24	0
Interest expense, net	36	35	103	103
Income before income taxes	72	88	137	38
Income tax expense	(7)	(28)	(40)	(45)
Net income (loss)	65	60	97	(7)
Reportable Segment
Segment Reporting
Revenue	3,590	3,395	10,329	9,671
Direct operating expense	3,064	2,857	8,805	8,228
Selling, general and administrative expense	270	266	831	769
Other (income) expense, net	(10)	2	(22)	(1)
Segment Adjusted EBITDA	266	270	715	675
Corporate expenses	15	19	45	49
Depreciation expense	88	87	263	247
Amortization of intangible assets acquired	27	31	84	90
Transaction and integration costs	26	14	54	50
Restructuring costs and other	3	3	11	22
Regulatory matter	0	0	0	65
Net loss on divestiture of business	1	0	24	0
Unrealized (gain) loss on foreign currency contracts	(2)	(7)	(6)	11
Interest expense, net	36	35	103	103
Income before income taxes	72	88	137	38
Income tax expense	(7)	(28)	(40)	(45)
Net income (loss)	$ 65	$ 60	$ 97	$ (7)

Fair Value Measurements and Financial Instruments - Schedule of Debt Fair Values (Details) - Unsecured Debt - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2026	Dec. 31, 2025
Five-year term loan due 2027
Fair Value Measurement Inputs and Valuation Techniques
Debt term (in years)	5 years
Fair Value \| Unsecured notes due 2026 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	$ 0	$ 394
Fair Value \| Unsecured notes due 2029 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	607	631
Fair Value \| Unsecured notes due 2031 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	345	358
Fair Value \| Unsecured notes due 2034 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	500	540
Fair Value \| Euro unsecured notes due 2030 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	550	586
Fair Value \| Five-year term loan due 2027 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	274	272
Carrying Value \| Unsecured notes due 2026 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	0	400
Carrying Value \| Unsecured notes due 2029 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	595	594
Carrying Value \| Unsecured notes due 2031 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	398	398
Carrying Value \| Unsecured notes due 2034 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	492	491
Carrying Value \| Euro unsecured notes due 2030 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	561	580
Carrying Value \| Five-year term loan due 2027 \| Level 2
Fair Value Measurement Inputs and Valuation Techniques
Fair value of debt	$ 275	$ 275

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2026
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 10. Employee Benefit Plans Defined Benefit Plans The Company offers pension plans in certain jurisdictions, with the most significant plans in the U.K. In the U.K., the Company sponsors two defined benefit pension schemes (the “U.K. Retirement Plans”). The U.K. Retirement Plans do not allow for new plan participants or additional benefit accruals. The funded status of the U.K. Retirement Plans was recorded in Other long-term assets in the Condensed Consolidated Balance Sheets. The Company considers its other defined benefit pension plans not material to its Consolidated Financial Statements. Components of the net periodic benefit income recognized under the U.K. Retirement Plans were $7 million and $5 million for the three months ended September 30, 2026 and 2025, respectively, and $21 million and $14 million for the nine months ended September 30, 2026 and 2025, respectively. The Company recorded periodic pension income as Other income (expense), net in the Condensed Consolidated Statements of Operations. Defined Contribution Plans Also, the Company has defined contribution retirement plans for its United States employees and employees of certain foreign subsidiaries. In these plans, employees are allowed to contribute a portion of their salaries and bonuses to the plans, and the Company matches a portion of the employee contributions. Defined contribution plan costs were $30 million and $28 million for the three months ended September 30, 2026 and 2025, respectively, and $94 million and $82 million for the nine months ended September 30, 2026 and 2025, respectively. The Company primarily recorded defined contribution plan costs as direct operating expense in the Condensed Consolidated Statements of Operations.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Goodwill (Details) $ in Millions	9 Months Ended
Goodwill (Details) $ in Millions	Sep. 30, 2026 USD ($)
Goodwill
Goodwill, beginning balance	$ 3,781
Impact of foreign exchange translation	(59)
Goodwill, ending balance	$ 3,722

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

+ Details

Earnings (Loss) per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	718	813	721	3,400

Divestiture (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			9 Months Ended
Divestiture (Details) - USD ($) $ in Millions	Sep. 30, 2026	Sep. 30, 2026	Dec. 31, 2025	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Business Combination
Net loss on divestiture of business		$ 1		$ 0	$ 24	$ 0
Cash paid in connection with divestiture					38	$ 0
Wincanton Divestment
Business Combination
Write-down loss			$ 37
Goodwill impairment			4
Impairment of intangible assets			21
Disposal group, including discontinued operation, fair value adjustment			$ 12
Net loss on divestiture of business		$ 1			$ 24
Cash paid in connection with divestiture	$ 38

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References + Details

Stockholders' Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	$ 3,022	$ 2,975	$ 3,015	$ 3,035
Other comprehensive income (loss), net of tax	16	(57)	(6)	140
Ending balance	3,024	2,988	3,024	2,988
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	89	223	147	(195)
Other comprehensive income (loss) before reclassifications	(1)	(72)	(59)	347
Amounts reclassified to net income (loss)	0	0	0	0
Tax amounts	0	(1)	0	(2)
Other comprehensive income (loss), net of tax	(1)	(73)	(59)	345
Ending balance	88	150	88	150
Net Investment Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(130)	(177)	(164)	31
Other comprehensive income (loss) before reclassifications	20	18	65	(252)
Amounts reclassified to net income (loss)	(2)	(1)	(4)	0
Tax amounts	(4)	(3)	(13)	58
Other comprehensive income (loss), net of tax	14	14	48	(194)
Ending balance	(116)	(163)	(116)	(163)
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	0	3	1	4
Other comprehensive income (loss) before reclassifications	0	0	0	(2)
Amounts reclassified to net income (loss)	0	0	(1)	0
Tax amounts	0	(1)	0	0
Other comprehensive income (loss), net of tax	0	(1)	(1)	(2)
Ending balance	0	2	0	2
Fair Value Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(3)		(1)
Other comprehensive income (loss) before reclassifications	2		1
Amounts reclassified to net income (loss)	(1)		(2)
Tax amounts	0		0
Other comprehensive income (loss), net of tax	1		(1)
Ending balance	(2)		(2)
Defined Benefit Plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(181)	(167)	(186)	(155)
Other comprehensive income (loss) before reclassifications	1	3	4	(15)
Amounts reclassified to net income (loss)	2	1	5	4
Tax amounts	(1)	(1)	(2)	2
Other comprehensive income (loss), net of tax	2	3	7	(9)
Ending balance	(179)	(164)	(179)	(164)
Less: AOCIL attributable to NCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	2	(2)	2	2
Other comprehensive income (loss) before reclassifications	0	3	0	(1)
Amounts reclassified to net income (loss)	0	0	0	0
Tax amounts	0	0	0	0
Other comprehensive income (loss), net of tax	0	3	0	(1)
Ending balance	2	1	2	1
AOCIL attributable to GXO
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax
Beginning balance	(223)	(120)	(201)	(313)
Other comprehensive income (loss) before reclassifications	22	(48)	11	77
Amounts reclassified to net income (loss)	(1)	0	(2)	4
Tax amounts	(5)	(6)	(15)	58
Other comprehensive income (loss), net of tax	16	(54)	(6)	139
Ending balance	$ (207)	$ (174)	$ (207)	$ (174)

Fair Value Measurements and Financial Instruments - Schedule of Derivative and Nonderivative Instruments Designated as Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Cross-currency swaps \| Net investment hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative	$ 20	$ 18	$ 65	$ (253)
Gain (Loss) Reclassified from AOCIL into Net Income	2	0	2	(3)
Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)	0	1	2	3
Cross-currency swaps \| Fair value hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative	2		1
Gain (Loss) Reclassified from AOCIL into Net Income	1		2
Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)	0		0
Interest rate swaps \| Cash flow hedges
Derivative Instruments, Gain (Loss)
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative	0	0	0	(2)
Gain (Loss) Reclassified from AOCIL into Net Income	0	0	1	0
Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)	$ 0	$ 0	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, before tax and adjustments, of gain (loss) from increase (decrease) in value of excluded component of derivative designated and qualifying as hedge. Adjustments include, but are not limited to, reclassifications for sale and settlement, and amounts recognized under systematic and rational method.

+ References + Details

Divestiture	9 Months Ended
Divestiture	Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]
Divestiture	Note 9. Divestiture In 2024, the Company completed the acquisition of Wincanton plc (now Wincanton Limited) (the “Wincanton Acquisition”). The Wincanton Acquisition was subject to review by the U.K. Competition and Markets Authority (the “CMA”). In 2025, the CMA approved the Wincanton Acquisition, subject to the divestment of certain grocery contracts in the U.K. (the “Wincanton Divestment”). In the fourth quarter of 2025, the Company met the held-for-sale criteria for the anticipated Wincanton Divestment and recorded a $37 million write-down loss, including $4 million of goodwill, $21 million of customer relationships, and a $12 million fair value adjustment. For the three and nine months ended September 30, 2026, the Company recorded additional impairment of $1 million and $24 million, respectively, due to a further reduction in estimated fair value. In September 2026, the Company completed the Wincanton Divestment and paid $38 million in cash in connection with the transaction. As of December 31, 2025, Assets and liabilities held for sale were not material and are included in Other current assets and Other current liabilities, respectively, in the Condensed Consolidated Balance Sheets.

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2026	Nov. 02, 2026
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2026
Document Transition Report	false
Entity File Number	001-40470
Entity Registrant Name	GXO Logistics, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-2098312
Entity Address, Address Line One	Two American Lane
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06831
City Area Code	203
Local Phone Number	489-1287
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		113,029,173
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001852244
Current Fiscal Year End Date	--12-31
Common Stock
Document Information
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	GXO
Security Exchange Name	NYSE
3.750% Notes due 2030
Document Information
Title of 12(b) Security	3.750% Notes due 2030
Trading Symbol	GXO/30
Security Exchange Name	NYSE

Debt and Financing Arrangements - Schedule of Trade Receivables Sold Under the Factoring Agreements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Debt Disclosure [Abstract]
Receivables sold in period	$ 623	$ 678	$ 1,885	$ 2,072
Cash consideration	$ 620	$ 674	$ 1,875	$ 2,059

Stockholders' Equity

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

Stockholders' Equity

Note 12. Stockholders’ Equity

Stock Repurchase Plan

In 2025, the Company’s board of directors authorized and announced a repurchase plan for up to $500 million of its common stock (the “Repurchase Plan”). The Repurchase Plan permits shares of common stock to be repurchased from time to time in management’s discretion, through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions, or otherwise. The timing and number of shares of common stock repurchased will depend on a variety of factors, including price, general business and market conditions, alternative investment opportunities and funding considerations. The Repurchase Plan does not obligate the Company to repurchase any specific number of shares of common stock and may be suspended or discontinued at any time.

The repurchase of shares of the Company’s common stock is recorded as treasury stock within equity. It is accounted for under the cost method, inclusive of share repurchase costs and excise tax on share repurchases in excess of issuances. For the three months ended September 30, 2026, the Company repurchased approximately 1.8 million shares of its common stock for an aggregate purchase price of $85 million, including $84 million of share repurchases and $1 million of excise tax, and did not repurchase any shares for the three months ended September 30, 2025. For the nine months ended September 30, 2026 and 2025, the Company repurchased approximately 2.1 million and 5.4 million shares of its common stock for an aggregate purchase price of $101 million and $202 million, including $100 million and $200 million of share repurchases and $1 million and $2 million of excise tax, respectively. As of September 30, 2026, $200 million remained authorized under the Repurchase Plan.

Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in AOCIL by component:


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Fair Value Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of June 30, 2026	$	89	$	(130)	$	—	$	(3)	$	(181)	$	2	$	(223)
Other comprehensive income before reclassifications	(1)		20		—		2		1		—		22
Amounts reclassified to net income	—		(2)		—		(1)		2		—		(1)
Tax amounts	—		(4)		—		—		(1)		—		(5)
Other comprehensive income, net of tax	(1)		14		—		1		2		—		16
As of September 30, 2026	$	88	$	(116)	$	—	$	(2)	$	(179)	$	2	$	(207)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Fair Value Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of December 31, 2025	$	147	$	(164)	$	1	$	(1)	$	(186)	$	2	$	(201)
Other comprehensive income (loss) before reclassifications	(59)		65		—		1		4		—		11
Amounts reclassified to net income	—		(4)		(1)		(2)		5		—		(2)
Tax amounts	—		(13)		—		—		(2)		—		(15)
Other comprehensive income (loss), net of tax	(59)		48		(1)		(1)		7		—		(6)
As of September 30, 2026	$	88	$	(116)	$	—	$	(2)	$	(179)	$	2	$	(207)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of June 30, 2025	$	223	$	(177)	$	3	$	(167)	$	(2)	$	(120)
Other comprehensive income (loss) before reclassifications	(72)		18		—		3		3		(48)
Amounts reclassified to net income	—		(1)		—		1		—		—
Tax amounts	(1)		(3)		(1)		(1)		—		(6)
Other comprehensive income (loss), net of tax	(73)		14		(1)		3		3		(54)
As of September 30, 2025	$	150	$	(163)	$	2	$	(164)	$	1	$	(174)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of December 31, 2024	$	(195)	$	31	$	4	$	(155)	$	2	$	(313)
Other comprehensive income (loss) before reclassifications	347		(252)		(2)		(15)		(1)		77
Amounts reclassified to net loss	—		—		—		4		—		4
Tax amounts	(2)		58		—		2		—		58
Other comprehensive income (loss), net of tax	345		(194)		(2)		(9)		(1)		139
As of September 30, 2025	$	150	$	(163)	$	2	$	(164)	$	1	$	(174)

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurements and Financial Instruments - Schedule of Fair Value by Balance Sheet Location (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Derivatives designated as net investment hedges: \| Cross-currency swaps \| Fair value hedges
Derivatives, Fair Value
Derivative asset, fair value	$ 8	$ 0
Derivative liability, fair value	0	1
Derivatives not designated as hedge: \| Foreign currency forward contracts
Derivatives, Fair Value
Derivative, notional amount	131	231
Derivative liability, fair value	1	1
Balance Sheet Location: us-gaap:OtherAssetsCurrent \| Derivatives not designated as hedge: \| Foreign currency option contracts
Derivatives, Fair Value
Derivative, notional amount	294	308
Derivative asset, fair value	6	3
Balance Sheet Location: us-gaap:OtherAssetsNoncurrent \| Derivatives designated as net investment hedges: \| Cross-currency swaps \| Fair value hedges
Derivatives, Fair Value
Derivative, notional amount	236	0
Balance Sheet Location: us-gaap:OtherAssetsNoncurrent \| Derivatives not designated as hedge: \| Foreign currency option contracts
Derivatives, Fair Value
Derivative, notional amount	43	0
Derivative asset, fair value	1	0
Balance Sheet Location: us-gaap:OtherLiabilitiesCurrent \| Derivatives designated as net investment hedges: \| Cross-currency swaps \| Net Investment Hedging
Derivatives, Fair Value
Derivative, notional amount	765	422
Derivative liability, fair value	48	33
Balance Sheet Location: us-gaap:OtherLiabilitiesCurrent \| Derivatives not designated as hedge: \| Foreign currency option contracts
Derivatives, Fair Value
Derivative, notional amount	301	316
Derivative liability, fair value	1	4
Balance Sheet Location: us-gaap:OtherLiabilitiesNoncurrent \| Derivatives designated as net investment hedges: \| Cross-currency swaps \| Net Investment Hedging
Derivatives, Fair Value
Derivative, notional amount	1,057	1,400
Derivative liability, fair value	63	143
Balance Sheet Location: us-gaap:OtherLiabilitiesNoncurrent \| Derivatives designated as net investment hedges: \| Cross-currency swaps \| Fair value hedges
Derivatives, Fair Value
Derivative, notional amount	0	236
Balance Sheet Location: us-gaap:OtherLiabilitiesNoncurrent \| Derivatives not designated as hedge: \| Foreign currency option contracts
Derivatives, Fair Value
Derivative, notional amount	45	0
Derivative liability, fair value	$ 1	$ 0

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited Condensed Consolidated Financial Statements of GXO Logistics, Inc. (“GXO” or the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and pursuant to the rules of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all normal recurring accruals and adjustments considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented herein have been included. The Consolidated Balance Sheet as of December 31, 2025, was derived from audited annual financial statements as of that date. Operating results for interim periods are not necessarily indicative of full-year results. The accompanying Condensed Consolidated Financial Statements and Notes thereto should be read in conjunction with the Annual Report on Form 10-K for the year ended December 31, 2025.
Basis of Consolidation	Basis of Consolidation The Company’s Condensed Consolidated Financial Statements include the accounts of GXO and its majority-owned subsidiaries and variable interest entities of which the Company is the primary beneficiary. The Company has eliminated intercompany balances and transactions.
Use of Estimates	Use of Estimates The preparation of the Company’s interim Condensed Consolidated Financial Statements requires management to make estimates and assumptions about future events. Management believes its use of estimates in these interim Condensed Consolidated Financial Statements to be reasonable.
Accounting Pronouncements Issued But Not Yet Adopted	Accounting Pronouncements Issued But Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This standard requires all public companies to disclose more detailed information about certain costs and expenses in the notes to the financial statements in interim and annual reporting periods. This update will be effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its disclosures. In September 2025, the FASB issued ASU 2025-06, Intangibles- Goodwill and Other- Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The amendments in this update remove all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout Subtopic 350-40. Therefore, an entity is required to start capitalizing software costs when certain capitalization criteria are met. The ASU also supersedes guidance on website development costs. The amendments are effective for all entities for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. The Company is currently evaluating the impact of this standard on its results of operations, financial position or cash flows, and the impact of adopting this standard on its disclosures.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

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+ Details

Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Operating Lease, Assets And Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	$ 2,786	$ 2,563
Current operating lease liabilities	777	745
Long-term operating lease liabilities	2,225	2,044
Operating lease liabilities	3,002	2,789
Finance Lease, Assets And Liabilities, Lessee [Abstract]
Finance lease right-of-use assets included in Property and equipment, net	$ 498	$ 306
Finance lease, right-of-use asset, statement of financial position	Property and equipment, net of accumulated depreciation of $2,270 and $2,126	Property and equipment, net of accumulated depreciation of $2,270 and $2,126
Finance lease liabilities included in Current debt	$ 82	$ 45
Finance lease, liability, current, statement of financial position	Current debt	Current debt
Finance lease liabilities included in Long-term debt	$ 405	$ 281
Finance lease, liability, noncurrent, statement of financial position	Long-term debt	Long-term debt
Finance lease liabilities	$ 487	$ 326

Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Intangible Asset, Finite-Lived
Gross Carrying Amount	$ 1,663	$ 1,690
Accumulated Amortization	(851)	(781)
Net Value	812	909
Customer relationships
Intangible Asset, Finite-Lived
Gross Carrying Amount	1,582	1,609
Accumulated Amortization	(810)	(747)
Net Value	772	862
Trade names and trademarks
Intangible Asset, Finite-Lived
Gross Carrying Amount	64	64
Accumulated Amortization	(34)	(29)
Net Value	30	35
Developed technology
Intangible Asset, Finite-Lived
Gross Carrying Amount	17	17
Accumulated Amortization	(7)	(5)
Net Value	$ 10	$ 12

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies The Company is involved, and will continue to be involved, in numerous legal proceedings arising from the conduct of its business. These proceedings may include personal injury claims arising from the transportation and handling of goods, contractual disputes and employment-related claims, including alleged violations of wage and hour laws. The Company establishes accruals for specific legal proceedings when it is considered probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Management of the Company believes that it has adequately accrued for the potential impact of loss contingencies that are probable and reasonably estimable. Management of the Company does not believe that the ultimate resolution of any matters to which the Company is presently a party will have a material adverse effect on its results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on the Company’s financial condition, results of operations or cash flows. Legal costs related to these matters are expensed as they are incurred. The Company carries liability and excess umbrella insurance policies that are deemed sufficient to cover potential legal claims arising in the normal course of conducting its operations. In the event the Company is required to satisfy a legal claim outside the scope of the coverage provided by insurance, its financial condition, results of operations or cash flows could be negatively impacted.

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2026

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following tables summarize the changes in AOCIL by component:


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Fair Value Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of June 30, 2026	$	89	$	(130)	$	—	$	(3)	$	(181)	$	2	$	(223)
Other comprehensive income before reclassifications	(1)		20		—		2		1		—		22
Amounts reclassified to net income	—		(2)		—		(1)		2		—		(1)
Tax amounts	—		(4)		—		—		(1)		—		(5)
Other comprehensive income, net of tax	(1)		14		—		1		2		—		16
As of September 30, 2026	$	88	$	(116)	$	—	$	(2)	$	(179)	$	2	$	(207)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Fair Value Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of December 31, 2025	$	147	$	(164)	$	1	$	(1)	$	(186)	$	2	$	(201)
Other comprehensive income (loss) before reclassifications	(59)		65		—		1		4		—		11
Amounts reclassified to net income	—		(4)		(1)		(2)		5		—		(2)
Tax amounts	—		(13)		—		—		(2)		—		(15)
Other comprehensive income (loss), net of tax	(59)		48		(1)		(1)		7		—		(6)
As of September 30, 2026	$	88	$	(116)	$	—	$	(2)	$	(179)	$	2	$	(207)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of June 30, 2025	$	223	$	(177)	$	3	$	(167)	$	(2)	$	(120)
Other comprehensive income (loss) before reclassifications	(72)		18		—		3		3		(48)
Amounts reclassified to net income	—		(1)		—		1		—		—
Tax amounts	(1)		(3)		(1)		(1)		—		(6)
Other comprehensive income (loss), net of tax	(73)		14		(1)		3		3		(54)
As of September 30, 2025	$	150	$	(163)	$	2	$	(164)	$	1	$	(174)


	Foreign Currency Adjustment
(In millions)	Foreign Currency Translation Adjustments		Net Investment Hedges		Cash Flow Hedges		Defined Benefit Plans		Less: AOCIL attributable to NCI		AOCIL attributable to GXO
As of December 31, 2024	$	(195)	$	31	$	4	$	(155)	$	2	$	(313)
Other comprehensive income (loss) before reclassifications	347		(252)		(2)		(15)		(1)		77
Amounts reclassified to net loss	—		—		—		4		—		4
Tax amounts	(2)		58		—		2		—		58
Other comprehensive income (loss), net of tax	345		(194)		(2)		(9)		(1)		139
As of September 30, 2025	$	150	$	(163)	$	2	$	(164)	$	1	$	(174)

Goodwill

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill

Note 5. Goodwill

The following table presents the changes in Goodwill for the nine months ended September 30, 2026:


(In millions)
Balance as of December 31, 2025	$	3,781
Impact of foreign exchange translation	(59)
Balance as of September 30, 2026	$	3,722

- Definition

The entire disclosure for goodwill.

+ References + Details

Fair Value Measurements and Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Foreign Exchange Contract \| Derivatives not designated as hedge:
Derivatives, Fair Value
Foreign currency gain (loss)	$ 2	$ 3	$ 7	$ (11)

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Defined Benefit Plan Disclosure
Defined contribution costs	$ 30	$ 28	$ 94	$ 82
Pension Plan
Defined Benefit Plan Disclosure
Net periodic pension income	$ 7	$ 5	$ 21	$ 14

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Section 50
-Paragraph 5
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Income Tax Disclosure [Abstract]
Income tax expense decreased	$ 21		$ 5
Income tax expense decreased percentage	75.00%		11.10%
Effective tax rate (in percentage)	10.20%	31.20%	29.20%	118.10%

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Income Statement [Abstract]
Revenue	$ 3,590	$ 3,395	$ 10,329	$ 9,671
Direct operating expense	3,064	2,857	8,805	8,228
Selling, general and administrative expense	285	285	876	818
Depreciation and amortization expense	115	118	347	337
Transaction and integration costs	26	14	54	50
Restructuring costs and other	3	3	11	22
Regulatory matter	0	0	0	65
Net loss on divestiture of business	1	0	24	0
Operating income	96	118	212	151
Other income (expense), net	12	5	28	(10)
Interest expense, net	(36)	(35)	(103)	(103)
Income before income taxes	72	88	137	38
Income tax expense	(7)	(28)	(40)	(45)
Net income (loss)	65	60	97	(7)
Net income attributable to noncontrolling interests (“NCI”)	(1)	(1)	(4)	(4)
Net income (loss) attributable to GXO	$ 64	$ 59	$ 93	$ (11)
Earnings (loss) per share
Basic (in dollars per share)	$ 0.56	$ 0.52	$ 0.81	$ (0.09)
Diluted (in dollars per share)	$ 0.56	$ 0.51	$ 0.81	$ (0.09)
Weighted-average shares outstanding used in computation of earnings (loss) per share
Basic (in shares)	113,899	114,473	114,538	116,075
Diluted (in shares)	114,636	115,329	115,395	116,075

Earnings (Loss) per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to common shares, basic	$ 64	$ 59	$ 93	$ (11)
Net income (loss) attributable to common shares, diluted	$ 64	$ 59	$ 93	$ (11)
Basic weighted-average common shares (in shares)	113,899	114,473	114,538	116,075
Total dilutive potential common shares (in shares)	737	856	857	0
Diluted weighted-average common shares (in shares)	114,636	115,329	115,395	116,075
Basic earnings (loss) per share (in dollars per share)	$ 0.56	$ 0.52	$ 0.81	$ (0.09)
Diluted earnings (loss) per share (in dollars per share)	$ 0.56	$ 0.51	$ 0.81	$ (0.09)
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total dilutive potential common shares (in shares)	369	584	477	0
Performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total dilutive potential common shares (in shares)	368	269	380	0
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total dilutive potential common shares (in shares)	0	3	0	0

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 340	$ 854
Accounts receivable, net of allowance of $14 and $15	2,188	2,028
Other current assets	416	406
Total current assets	2,944	3,288
Long-term assets
Property and equipment, net of accumulated depreciation of $2,270 and $2,126	1,268	1,151
Operating lease right-of-use assets	2,786	2,563
Goodwill	3,722	3,781
Intangible assets, net of accumulated amortization of $851 and $781	812	909
Other long-term assets	613	570
Total long-term assets	9,201	8,974
Total assets	12,145	12,262
Current liabilities
Accounts payable	740	758
Accrued expenses	1,555	1,492
Current debt	366	446
Current operating lease liabilities	777	745
Other current liabilities	415	434
Total current liabilities	3,853	3,875
Long-term liabilities
Long-term debt	2,452	2,619
Long-term operating lease liabilities	2,225	2,044
Other long-term liabilities	591	709
Total long-term liabilities	5,268	5,372
Commitments and Contingencies (Note 13)
Stockholders’ Equity
Common stock, $0.01 par value per share; 300,000 shares authorized, 120,490 and 119,868 shares issued and 113,026 and 114,512 shares outstanding, respectively	1	1
Treasury stock, at cost; 7,464 and 5,356 shares, respectively	(303)	(202)
Preferred stock, $0.01 par value per share; 10,000 shares authorized, none issued and outstanding	0	0
Additional Paid-In Capital (“APIC”)	2,691	2,667
Retained earnings	811	718
Accumulated Other Comprehensive Income (Loss) (“AOCIL”)	(207)	(201)
Total stockholders’ equity before NCI	2,993	2,983
NCI	31	32
Total equity	3,024	3,015
Total liabilities and equity	$ 12,145	$ 12,262

Fair Value Measurements and Financial Instruments

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements and Financial Instruments

Note 8. Fair Value Measurements and Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between independent and knowledgeable parties who are willing and able to transact for an asset or liability at the measurement date. The levels of inputs used to measure fair value are:

•Level 1—Quoted prices for identical instruments in active markets;

•Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets; and

•Level 3—Valuations based on inputs that are unobservable, generally utilizing pricing models or other valuation techniques that reflect management’s judgment and estimates.

Assets and Liabilities

The Company bases its fair value estimates on market assumptions and available information. The carrying values of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and current maturities of long-term debt approximated their fair values as of September 30, 2026 and December 31, 2025, due to their short-term nature.

Debt

The fair value of debt was as follows:


		September 30, 2026				December 31, 2025
(In millions)	Level	Fair Value		Carrying Value		Fair Value		Carrying Value
Unsecured notes due 2026	2	$	—	$	—	$	394	$	400
Unsecured notes due 2029	2	607		595		631		594
Unsecured notes due 2031	2	345		398		358		398
Unsecured notes due 2034	2	500		492		540		491
Euro unsecured notes due 2030	2	550		561		586		580
Five-year term loan due 2027	2	274		275		272		275

Financial Instruments

The Company directly manages its exposure to risks arising from business operations and economic factors, including fluctuations in interest rates and foreign currencies. The Company uses derivative instruments to manage the volatility related to these exposures.

The notional amount and fair value of derivative instruments were as follows:


	September 30, 2026				December 31, 2025				Balance Sheet Location
(In millions)	Notional Amount		Fair Value		Notional Amount		Fair Value
Derivatives designated as net investment hedges:
Cross-currency swaps	$	765	$	48	$	422	$	33	Other current liabilities
Cross-currency swaps	1,057		63		1,400		143		Other long-term liabilities
Derivatives designated as fair value hedges:
Cross-currency swaps	$	236	$	8	$	—	$	—	Other long-term assets
Cross-currency swaps	—		—		236		1		Other long-term liabilities
Derivatives not designated as hedges:
Foreign currency option contracts	$	294	$	6	$	308	$	3	Other current assets
Foreign currency option contracts	43		1		—		—		Other long-term assets
Foreign currency option contracts	301		1		316		4		Other current liabilities
Foreign currency option contracts	45		1		—		—		Other long-term liabilities
Foreign currency forward contracts	131		1		231		1		Other current liabilities

As of September 30, 2026 and December 31, 2025, the derivatives were classified as Level 2 within the fair value hierarchy. The derivatives are valued using inputs other than quoted prices such as foreign exchange rates and yield curves.

The effect of hedges on AOCIL and in the Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended September 30, 2026						Nine Months Ended September 30, 2026
(In millions)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)
Net investment hedges
Cross-currency swaps(1)	$	20	$	2	$	—	$	65	$	2	$	2
Cash flow hedges
Interest rate swaps(1)	—		—		—		—		1		—
Fair value hedges
Cross-currency swaps(1)	2		1		—		1		2		—

(1) Amounts reclassified to Net income are reported in Interest expense, net in the Condensed Consolidated Statements of Operations.


	Three Months Ended September 30, 2025						Nine Months Ended September 30, 2025
(In millions)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative		Gain (Loss) Reclassified from AOCIL into Net Income		Gain (Loss) Recognized in Net Income on Derivative (Excluded from effectiveness testing)
Net investment hedges
Cross-currency swaps(1)	$	18	$	—	$	1	$	(253)	$	(3)	$	3
Cash flow hedges
Interest rate swaps(1)	—		—		—		(2)		—		—

(1) Amounts reclassified to Net income are reported in Interest expense, net in the Condensed Consolidated Statements of Operations.

Derivatives Not Designated as Hedges

Gains and losses for derivatives not designated as hedges were $2 million and $3 million gains for the three months ended September 30, 2026 and 2025, respectively, and $7 million gain and $11 million loss for the nine months ended September 30, 2026 and 2025, respectively. The Company recorded gains and losses for derivatives not designated as hedges as Other income (expense), net in the Condensed Consolidated Statements of Operations

Intangible Assets

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Assets

Note 6. Intangible Assets

The following table summarizes identifiable intangible assets subject to amortization:


	September 30, 2026						December 31, 2025
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Customer relationships	$	1,582	$	(810)	$	772	$	1,609	$	(747)	$	862
Trade names and trademarks	64		(34)		30		64		(29)		35
Developed technology	17		(7)		10		17		(5)		12
Total	$	1,663	$	(851)	$	812	$	1,690	$	(781)	$	909

Intangible asset amortization expense was $27 million and $31 million for the three months ended September 30, 2026 and 2025, respectively, and $84 million and $90 million for the nine months ended September 30, 2026 and 2025, respectively.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Segment Reporting - Narrative (Details)	9 Months Ended
Segment Reporting - Narrative (Details)	Sep. 30, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	1

Revenue Recognition - Schedule of Revenue Disaggregated by Geographical Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Disaggregation of Revenue
Revenue	$ 3,590	$ 3,395	$ 10,329	$ 9,671
United Kingdom
Disaggregation of Revenue
Revenue	1,751	1,628	5,030	4,609
United States
Disaggregation of Revenue
Revenue	846	801	2,379	2,320
Netherlands
Disaggregation of Revenue
Revenue	263	275	789	760
France
Disaggregation of Revenue
Revenue	216	210	637	612
Spain
Disaggregation of Revenue
Revenue	184	170	527	479
Italy
Disaggregation of Revenue
Revenue	111	103	332	303
Other
Disaggregation of Revenue
Revenue	$ 219	$ 208	$ 635	$ 588

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Leases

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Leases

Note 4. Leases

The Company has entered into noncancelable operating and finance leases primarily for real estate and warehouse equipment. The Company determines whether an arrangement is a lease at inception and, if so, whether that lease meets the classification criteria for a finance or an operating lease at the commencement date.

Total lease cost recorded in the Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Operating lease cost(1)	$	273	$	232	$	711	$	670
Finance lease cost:
Amortization of the right-of-use assets(2)	31		12		57		27
Interest on the lease liabilities(3)	7		5		19		13
Total finance lease cost	38		17		76		40
Variable lease cost(1)	60		48		192		164
Short-term lease cost(1)	28		61		129		149
Total lease cost(4)	$	399	$	358	$	1,108	$	1,023

(1) Operating, variable, and short-term lease costs are primarily included in Direct operating expense in the Condensed Consolidated Statements of Operations.

(2) Amortization of right-of-use assets is included in Depreciation and amortization expense in the Condensed Consolidated Statements of Operations.

(3) Interest on the lease liabilities is included in Interest expense, net in the Condensed Consolidated Statements of Operations.

(4) Total lease cost excludes sublease income for all periods presented, as it was not material.

For the nine months ended September 30, 2026, the Company recorded a net benefit of $30 million, from a real estate transaction that resulted in an early termination of a lease.

The following amounts were recorded in the Condensed Consolidated Balance Sheets related to leases:


	September 30,		December 31,
(In millions)	2026		2025
Operating lease right-of-use assets	$	2,786	$	2,563

Current operating lease liabilities	$	777	$	745
Long-term operating lease liabilities	2,225		2,044
Operating lease liabilities	$	3,002	$	2,789

Finance lease right-of-use assets included in Property and equipment, net	$	498	$	306

Finance lease liabilities included in Current debt	$	82	$	45
Finance lease liabilities included in Long-term debt	405		281
Finance lease liabilities	$	487	$	326

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
(In millions)	2026		2025
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	875	$	682
Finance leases	207		83

Leases

Note 4. Leases

Total lease cost recorded in the Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Operating lease cost(1)	$	273	$	232	$	711	$	670
Finance lease cost:
Amortization of the right-of-use assets(2)	31		12		57		27
Interest on the lease liabilities(3)	7		5		19		13
Total finance lease cost	38		17		76		40
Variable lease cost(1)	60		48		192		164
Short-term lease cost(1)	28		61		129		149
Total lease cost(4)	$	399	$	358	$	1,108	$	1,023

(1) Operating, variable, and short-term lease costs are primarily included in Direct operating expense in the Condensed Consolidated Statements of Operations.

(2) Amortization of right-of-use assets is included in Depreciation and amortization expense in the Condensed Consolidated Statements of Operations.

(3) Interest on the lease liabilities is included in Interest expense, net in the Condensed Consolidated Statements of Operations.

(4) Total lease cost excludes sublease income for all periods presented, as it was not material.

For the nine months ended September 30, 2026, the Company recorded a net benefit of $30 million, from a real estate transaction that resulted in an early termination of a lease.

The following amounts were recorded in the Condensed Consolidated Balance Sheets related to leases:


	September 30,		December 31,
(In millions)	2026		2025
Operating lease right-of-use assets	$	2,786	$	2,563

Current operating lease liabilities	$	777	$	745
Long-term operating lease liabilities	2,225		2,044
Operating lease liabilities	$	3,002	$	2,789

Finance lease right-of-use assets included in Property and equipment, net	$	498	$	306

Finance lease liabilities included in Current debt	$	82	$	45
Finance lease liabilities included in Long-term debt	405		281
Finance lease liabilities	$	487	$	326

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
(In millions)	2026		2025
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	875	$	682
Finance leases	207		83

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Millions	Total	Equity Before NCI	Common Stock	Treasury Stock	APIC	Retained Earnings	AOCIL	NCI
Beginning balance (in shares) at Dec. 31, 2024			119,496
Beginning balance at Dec. 31, 2024	$ 3,035	$ 3,003	$ 1	$ 0	$ 2,629	$ 686	$ (313)	$ 32
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(7)	(11)				(11)		4
Other comprehensive income (loss)	140	139					139	1
Stock-based compensation	34	34			34
Common stock issued under employee stock plans and exercises of stock options and Vesting of stock compensation awards (in shares)			547
Tax withholding on vesting of stock-based compensation awards (in shares)			(201)
Tax withholding on vesting of stock-based compensation awards	(8)	(8)			(8)
Common stock repurchased (in shares)			(5,356)
Common stock repurchased	(202)	(202)		(202)
Dividends to NCI	(4)							(4)
Ending balance (in shares) at Sep. 30, 2025			114,486
Ending balance at Sep. 30, 2025	2,988	2,955	$ 1	(202)	2,655	675	(174)	33
Beginning balance (in shares) at Jun. 30, 2025			114,452
Beginning balance at Jun. 30, 2025	2,975	2,940	$ 1	(202)	2,645	616	(120)	35
Increase (Decrease) in Stockholders' Equity
Net income (loss)	60	59				59		1
Other comprehensive income (loss)	(57)	(54)					(54)	(3)
Stock-based compensation	11	11			11
Common stock issued under employee stock plans and exercises of stock options and Vesting of stock compensation awards (in shares)			52
Tax withholding on vesting of stock-based compensation awards (in shares)			(18)
Tax withholding on vesting of stock-based compensation awards	(1)	(1)			(1)
Ending balance (in shares) at Sep. 30, 2025			114,486
Ending balance at Sep. 30, 2025	$ 2,988	2,955	$ 1	(202)	2,655	675	(174)	33
Beginning balance (in shares) at Dec. 31, 2025	114,512		114,512
Beginning balance at Dec. 31, 2025	$ 3,015	2,983	$ 1	(202)	2,667	718	(201)	32
Increase (Decrease) in Stockholders' Equity
Net income (loss)	97	93				93		4
Other comprehensive income (loss)	(6)	(6)					(6)
Stock-based compensation	35	35			35
Common stock issued under employee stock plans and exercises of stock options and Vesting of stock compensation awards (in shares)			943
Common stock issued under employee stock plans and exercises of stock options and Vesting of stock compensation awards	7	7			7
Tax withholding on vesting of stock-based compensation awards (in shares)			(321)
Tax withholding on vesting of stock-based compensation awards	(18)	(18)			(18)
Common stock repurchased (in shares)			(2,108)
Common stock repurchased	(101)	(101)		(101)
Dividends to NCI	$ (5)							(5)
Ending balance (in shares) at Sep. 30, 2026	113,026		113,026
Ending balance at Sep. 30, 2026	$ 3,024	2,993	$ 1	(303)	2,691	811	(207)	31
Beginning balance (in shares) at Jun. 30, 2026			114,770
Beginning balance at Jun. 30, 2026	3,022	2,987	$ 1	(218)	2,680	747	(223)	35
Increase (Decrease) in Stockholders' Equity
Net income (loss)	65	64				64		1
Other comprehensive income (loss)	16	16					16
Stock-based compensation	12	12			12
Common stock issued under employee stock plans and exercises of stock options and Vesting of stock compensation awards (in shares)			53
Tax withholding on vesting of stock-based compensation awards (in shares)			(21)
Tax withholding on vesting of stock-based compensation awards	(1)	(1)			(1)
Common stock repurchased (in shares)			(1,776)
Common stock repurchased	(85)	(85)		(85)
Dividends to NCI	$ (5)							(5)
Ending balance (in shares) at Sep. 30, 2026	113,026		113,026
Ending balance at Sep. 30, 2026	$ 3,024	$ 2,993	$ 1	$ (303)	$ 2,691	$ 811	$ (207)	$ 31

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ 97	$ (7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization expense	347	337
Stock-based compensation expense	35	34
Deferred tax benefit	(20)	(24)
Other	(11)	11
Changes in operating assets and liabilities
Accounts receivable	(215)	(76)
Other assets	(39)	40
Accounts payable	(4)	(91)
Accrued expenses and other liabilities	73	40
Net cash provided by operating activities	263	264
Cash flows from investing activities:
Capital expenditures	(204)	(269)
Proceeds from the sale of property and equipment	7	101
Cash paid in connection with divestiture	(38)	0
Cross-currency swap agreements settlement	0	(1)
Net cash used in investing activities	(235)	(169)
Cash flows from financing activities:
Common stock repurchased and excise tax paid	(102)	(200)
Net borrowings under revolving credit facilities	0	38
Repayments of long-term and other debt	(401)	(56)
Repayments of finance lease obligations	(46)	(38)
Proceeds from exercise of stock options	7	0
Taxes paid related to net share settlement of equity awards	(18)	(8)
Obligations under factoring arrangements	20	(2)
Other	4	0
Net cash used in financing activities	(536)	(266)
Effect of exchange rates on cash and cash equivalents	(6)	30
Net decrease in cash, restricted cash and cash equivalents	(514)	(141)
Cash, restricted cash and cash equivalents, beginning of period	857	485
Cash, restricted cash and cash equivalents, end of period	343	344
Non-cash financing activities:
Excise tax liability related to stock repurchases	1	2
Reconciliation of cash, restricted cash and cash equivalents
Cash and cash equivalents	340
Restricted cash	3
Total cash, restricted cash and cash equivalents	$ 343	$ 344

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 65	$ 60	$ 97	$ (7)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	13	(59)	(11)	151
Cash flow hedges	0	(1)	(1)	(2)
Fair value hedges	1	0	(1)	0
Pension plans	2	3	7	(9)
Other comprehensive income (loss), net of tax	16	(57)	(6)	140
Comprehensive income, net of tax	81	3	91	133
Less: Comprehensive income (loss) attributable to NCI	1	(2)	4	5
Comprehensive income attributable to GXO	$ 80	$ 5	$ 87	$ 128

Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Finite-Lived Intangible Assets

The following table summarizes identifiable intangible assets subject to amortization:


	September 30, 2026						December 31, 2025
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Customer relationships	$	1,582	$	(810)	$	772	$	1,609	$	(747)	$	862
Trade names and trademarks	64		(34)		30		64		(29)		35
Developed technology	17		(7)		10		17		(5)		12
Total	$	1,663	$	(851)	$	812	$	1,690	$	(781)	$	909

Leases (Tables)

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Total lease cost recorded in the Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2026		2025		2026		2025
Operating lease cost(1)	$	273	$	232	$	711	$	670
Finance lease cost:
Amortization of the right-of-use assets(2)	31		12		57		27
Interest on the lease liabilities(3)	7		5		19		13
Total finance lease cost	38		17		76		40
Variable lease cost(1)	60		48		192		164
Short-term lease cost(1)	28		61		129		149
Total lease cost(4)	$	399	$	358	$	1,108	$	1,023

(1) Operating, variable, and short-term lease costs are primarily included in Direct operating expense in the Condensed Consolidated Statements of Operations.

(2) Amortization of right-of-use assets is included in Depreciation and amortization expense in the Condensed Consolidated Statements of Operations.

(3) Interest on the lease liabilities is included in Interest expense, net in the Condensed Consolidated Statements of Operations.

(4) Total lease cost excludes sublease income for all periods presented, as it was not material.

The following amounts were recorded in the Condensed Consolidated Balance Sheets related to leases:


	September 30,		December 31,
(In millions)	2026		2025
Operating lease right-of-use assets	$	2,786	$	2,563

Current operating lease liabilities	$	777	$	745
Long-term operating lease liabilities	2,225		2,044
Operating lease liabilities	$	3,002	$	2,789

Finance lease right-of-use assets included in Property and equipment, net	$	498	$	306

Finance lease liabilities included in Current debt	$	82	$	45
Finance lease liabilities included in Long-term debt	405		281
Finance lease liabilities	$	487	$	326

Schedule of Lease Expenses and Supplemental Cash Flows

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
(In millions)	2026		2025
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	875	$	682
Finance leases	207		83

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes Income tax expense for the three months ended September 30, 2026 decreased $21 million, or 75.0%, compared with the three months ended September 30, 2025. The Company’s effective tax rate was 10.2% for the three months ended September 30, 2026, compared with 31.2% for the three months ended September 30, 2025, primarily reflecting tax benefits related to the Wincanton Divestment and higher deferred tax benefits. Income tax expense for the nine months ended September 30, 2026 decreased $5 million, or 11.1%, compared with the nine months ended September 30, 2025. The Company’s effective tax rate was 29.2% for the nine months ended September 30, 2026, compared with 118.1% for the nine months ended September 30, 2025, primarily reflecting the non-recurrence of non-deductible litigation costs incurred in 2025 and higher deferred tax benefits.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

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-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Goodwill (Tables)

9 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Schedule of Goodwill

The following table presents the changes in Goodwill for the nine months ended September 30, 2026:


(In millions)
Balance as of December 31, 2025	$	3,781
Impact of foreign exchange translation	(59)
Balance as of September 30, 2026	$	3,722

- Definition

Tabular disclosure of goodwill.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 14	$ 15
Property and equipment, accumulated depreciation	2,270	2,126
Intangible assets, accumulated amortization	$ 851	$ 781
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000	300,000
Common stock, shares issued (in shares)	120,490	119,868
Common stock, shares outstanding (in shares)	113,026	114,512
Treasury stock (in shares)	7,464	5,356
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000	10,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0

Basis of Presentation (Details)	9 Months Ended
Basis of Presentation (Details)	Sep. 30, 2026 segment
Accounting Policies [Abstract]
Number of reportable segments	1

Stockholders' Equity - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Equity [Abstract]
Share repurchase plan, authorized, amount					$ 500
Treasury stock repurchased (in shares)	1.8	0.0	2.1	5.4
Treasury stock repurchased value	$ 85		$ 101	$ 202
Stock repurchased during period, value	84		100	200
Share repurchase program, excise tax	1		1	$ 2
Share repurchase plan, remaining authorized, amount	$ 200		$ 200

- Definition

Number of shares that have been repurchased during the period and are being held in treasury.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
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-Publisher FASB
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+ Details

- Definition

Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method.

+ References + Details

Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Earnings (Loss) per Share

Note 14. Earnings (Loss) per Share

The computations of basic and diluted earnings per share were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions, shares in thousands, except per share amounts)	2026		2025		2026		2025
Net income (loss) attributable to common shares	$	64	$	59	$	93	$	(11)
Basic weighted-average common shares	113,899		114,473		114,538		116,075
Effect of dilutive securities:
Restricted stock units	369		584		477		—
Performance stock units	368		269		380		—
Stock options	—		3		—		—
Total dilutive potential common shares	737		856		857		—
Diluted weighted-average common shares	114,636		115,329		115,395		116,075

Basic earnings (loss) per share	$	0.56	$	0.52	$	0.81	$	(0.09)
Diluted earnings (loss) per share	$	0.56	$	0.51	$	0.81	$	(0.09)

Potentially dilutive shares outstanding of 718 thousand and 813 thousand for the three months ended September 30, 2026 and 2025, respectively, and 721 thousand and 3.4 million for the nine months ended September 30, 2026 and 2025, respectively, were excluded from the computation of diluted earnings per share because their effects would have been anti-dilutive.