Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Jul. 27, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-23189
Entity Registrant Name	C.H. ROBINSON WORLDWIDE, INC.
Entity Central Index Key	0001043277
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1883630
Entity Address, Address Line One	14701 Charlson Road
Entity Address, City or Town	Eden Prairie
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55347
City Area Code	952
Local Phone Number	937-8500
Title of 12(b) Security	Common Stock, $0.10 par value
Trading Symbol	CHRW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		123,883,299

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 238,925	$ 257,413
Receivables, net of allowance for credit loss of $37,518 and $41,542	4,302,321	3,963,487
Contract assets, net of allowance for credit loss	518,752	453,660
Prepaid expenses and other	108,258	129,593
Total current assets	5,168,256	4,804,153
Property and equipment, net of accumulated depreciation and amortization	155,829	139,831
Goodwill	1,472,855	1,484,754
Other intangible assets, net of accumulated amortization	75,789	89,606
Right-of-use lease assets	338,223	292,559
Deferred tax assets	134,404	124,900
Other assets	112,083	92,309
Total assets	7,457,439	7,028,112
Current liabilities:
Accounts payable	1,872,497	1,813,473
Outstanding checks	54,360	105,828
Accrued expenses:
Compensation	190,428	201,421
Transportation expense	405,284	342,778
Income taxes	38,850	100,265
Other accrued liabilities	177,645	171,266
Current lease liabilities	72,686	66,311
Current portion of debt	674,000	525,000
Total current liabilities	3,485,750	3,326,342
Long-term debt	1,594,055	1,393,649
Noncurrent lease liabilities	281,319	241,369
Noncurrent income taxes payable	26,291	28,390
Deferred tax liabilities	16,521	16,113
Other long-term liabilities	1,088	315
Total liabilities	5,405,024	5,006,178
Stockholders’ investment:
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.10 par value, 480,000 shares authorized; 179,204 and 179,206 shares issued, 125,116 and 129,186 outstanding	12,512	12,919
Additional paid-in capital	709,163	673,628
Retained earnings	5,411,346	4,936,861
Accumulated other comprehensive loss	(87,860)	(61,134)
Treasury stock at cost (54,088 and 50,020 shares)	(3,992,746)	(3,540,340)
Total stockholders’ investment	2,052,415	2,021,934
Total liabilities and stockholders’ investment	$ 7,457,439	$ 7,028,112

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Receivable, allowance for credit loss	$ 37,518	$ 41,542
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, authorized (shares)	20,000,000	20,000,000
Preferred stock, issued (shares)	0	0
Preferred stock, outstanding (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, authorized (shares)	480,000,000	480,000,000
Common stock, issued (shares)	179,204,000	179,206,000
Common stock, outstanding (shares)	125,116,000	129,186,000
Treasury stock (shares)	54,088,000	50,020,000

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 6,798,475	$ 5,532,726	$ 13,614,428	$ 10,336,595
Costs and expenses:
Personnel expenses	444,764	362,901	858,125	723,736
Other selling, general, and administrative expenses	117,184	125,671	264,545	243,887
Total costs and expenses	6,328,810	5,272,122	12,799,289	9,852,662
Income from operations	469,665	260,604	815,139	483,933
Interest and other income/expense, net	(27,395)	(13,497)	(41,569)	(24,757)
Income before provision for income taxes	442,270	247,107	773,570	459,176
Provision for income taxes	94,085	53,318	155,037	92,082
Net income	348,185	193,789	618,533	367,094
Other comprehensive loss, net of tax	(33,596)	(162)	(26,726)	(7,448)
Comprehensive income	$ 314,589	$ 193,627	$ 591,807	$ 359,646
Basic net income per share (in dollars per share)	$ 2.71	$ 1.45	$ 4.78	$ 2.74
Diluted net income per share (in dollars per share)	$ 2.67	$ 1.44	$ 4.71	$ 2.71
Basic weighted average shares outstanding (shares)	128,405	133,275	129,447	133,888
Dilutive effect of outstanding stock awards (shares)	1,933	1,581	1,771	1,388
Diluted weighted average shares outstanding (shares)	130,338	134,856	131,218	135,276
Transportation
Revenues:
Total revenues	$ 6,465,642	$ 5,240,448	$ 12,993,993	$ 9,800,675
Costs and expenses:
Purchased products and services	5,466,874	4,519,305	11,117,098	8,400,590
Sourcing
Revenues:
Total revenues	332,833	292,278	620,435	535,920
Costs and expenses:
Purchased products and services	$ 299,988	$ 264,245	$ 559,521	$ 484,449

Condensed Consolidated Statements of Stockholders' Investment - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		129,186			129,186
Beginning balance	$ 2,095,502	$ 2,021,934	$ 1,868,187	$ 1,879,933	$ 2,021,934	$ 1,879,933
Net income	348,185	270,348	193,789	173,305	$ 618,533	367,094
Foreign currency adjustments	(33,596)	6,870	(162)	(7,286)
Dividends declared	(71,506)	(72,542)	(69,094)	(69,606)
Stock issued for employee benefit plans	20,886	8,904	16,594	(3,003)
Issuance of restricted stock, net of forfeitures				0
Stock-based compensation expense	27,929	24,606	29,161	23,989
Repurchase of common stock	$ (334,985)	(164,618)	(132,305)	(129,145)
Ending balance (in shares)	125,116				125,116
Ending balance	$ 2,052,415	$ 2,095,502	$ 1,906,170	$ 1,868,187	$ 2,052,415	$ 1,906,170
Dividends declared, per share (in dollars per share)	$ 0.55	$ 0.55	$ 0.51	$ 0.51
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	128,011	129,186	133,243	134,298	129,186	134,298
Beginning balance	$ 12,801	$ 12,919	$ 13,324	$ 13,430	$ 12,919	$ 13,430
Stock issued for employee benefit plans (in shares)	316	418	250	357
Stock issued for employee benefit plans	$ 31	$ 42	$ 25	$ 36
Issuance of restricted stock, net of forfeitures (in shares)				(26)
Issuance of restricted stock, net of forfeitures				$ (3)
Stock-based compensation expense (in shares)	0	0	0	0
Stock-based compensation expense	$ 0	$ 0	$ 0	$ 0
Repurchase of common stock (in shares)	(3,211)	(1,593)	(1,358)	(1,386)
Repurchase of common stock	$ (320)	$ (160)	$ (136)	$ (139)
Ending balance (in shares)	125,116	128,011	132,135	133,243	125,116	132,135
Ending balance	$ 12,512	$ 12,801	$ 13,213	$ 13,324	$ 12,512	$ 13,213
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	680,857	673,628	568,209	566,022	673,628	566,022
Stock issued for employee benefit plans	377	(17,377)	418	(21,805)
Issuance of restricted stock, net of forfeitures				3
Stock-based compensation expense	27,929	24,606	29,161	23,989
Ending balance	709,163	680,857	597,788	568,209	709,163	597,788
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	5,134,667	4,936,861	4,476,532	4,372,833	4,936,861	4,372,833
Net income	348,185	270,348	193,789	173,305
Dividends declared	(71,506)	(72,542)	(69,094)	(69,606)
Ending balance	5,411,346	5,134,667	4,601,227	4,476,532	5,411,346	4,601,227
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(54,264)	(61,134)	(53,284)	(45,998)	(61,134)	(45,998)
Foreign currency adjustments	(33,596)	6,870	(162)	(7,286)
Ending balance	(87,860)	(54,264)	(53,446)	(53,284)	(87,860)	(53,446)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(3,678,559)	(3,540,340)	(3,136,594)	(3,026,354)	(3,540,340)	(3,026,354)
Stock issued for employee benefit plans	20,478	26,239	16,151	18,766
Stock-based compensation expense	0	0	0	0
Repurchase of common stock	(334,665)	(164,458)	(132,169)	(129,006)
Ending balance	$ (3,992,746)	$ (3,678,559)	$ (3,252,612)	$ (3,136,594)	$ (3,992,746)	$ (3,252,612)

Condensed Consolidated Statements of Stockholders' Investment (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in dollars per share)	$ 0.55	$ 0.55	$ 0.51	$ 0.51

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES
Net income	$ 618,533	$ 367,094
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	45,748	46,215
Provision for credit losses	(2,142)	(36)
Stock-based compensation	52,535	53,150
Deferred income taxes	(5,844)	(2,474)
Excess tax benefit on stock-based compensation	(7,553)	(9,367)
Other operating activities	(26,356)	933
Changes in operating elements, net of acquisitions:
Receivables	(378,641)	(717,340)
Contract assets	(65,362)	(96,154)
Prepaid expenses and other	(14,170)	(38,971)
Accounts payable and outstanding checks	37,207	406,875
Accrued compensation	(9,673)	12,115
Accrued transportation expense	62,506	73,167
Accrued income taxes	(54,964)	(4,431)
Other accrued liabilities	1,391	210
Other assets and liabilities	(1,886)	1,612
Net cash provided by operating activities	251,329	92,598
INVESTING ACTIVITIES
Purchases of property and equipment	(36,781)	(12,856)
Purchases and development of software	(32,622)	(16,981)
Acquisitions, net of cash acquired	0	14,749
Other investing activities	63,208	0
Net cash used for investing activities	(6,195)	(44,586)
FINANCING ACTIVITIES
Proceeds from stock issued for employee benefit plans	53,574	36,674
Stock tendered for payment of withholding taxes	(23,784)	(23,083)
Repurchase of common stock	(490,699)	(262,904)
Cash dividends	(145,268)	(139,756)
Proceeds from long-term borrowings	200,000	0
Proceeds from short-term borrowings	2,735,000	1,661,000
Payments on short-term borrowings	(2,586,000)	(1,390,038)
Net cash used for financing activities	(257,177)	(118,107)
Effect of exchange rates on cash and cash equivalents	(6,445)	(898)
Net change in cash and cash equivalents	(18,488)	(70,993)
Cash and cash equivalents, beginning of period	257,413	243,796
Cash and cash equivalents, end of period	$ 238,925	$ 172,803

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION C.H. Robinson Worldwide, Inc., and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions operating through a network of offices located in North America, Europe, Asia, Oceania, and South America. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc., and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements. Our reportable segments are NAST and Global Forwarding with all other segments included in All Other and Corporate. The All Other and Corporate reportable segment includes Robinson Fresh, Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. For financial information concerning our reportable segments, refer to Note 9, Segment Reporting. The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2021. PROPERTY AND EQUIPMENT During the second quarter, we sold an office building in Kansas City, Missouri, that had been previously classified as held-for-sale assets, for a sales price of $55 million and recognized a gain of $23.5 million on the sale of the building in the three months ended June 30, 2022. We simultaneously entered into an agreement to lease the office building for 10 years. RECENTLY ISSUED ACCOUNTING STANDARDS For the three months ended June 30, 2022, there were no recently issued or newly adopted accounting pronouncements that had, or are expected to have, a material impact to our consolidated financial statements. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2021, includes a summary of the significant accounting policies and methods used in the preparation of our consolidated financial statements.

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2021	$	1,196,333	$	210,391	$	78,030	$	1,484,754

Foreign currency translation	(7,319)		(2,907)		(1,673)		(11,899)
Balance, June 30, 2022	$	1,189,014	$	207,484	$	76,357	$	1,472,855

Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of June 30, 2022.

Identifiable intangible assets consisted of the following (in thousands):


	June 30, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	163,580	$	(96,391)	$	67,189	$	169,308	$	(88,302)	$	81,006


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	172,180	$	(96,391)	$	75,789	$	177,908	$	(88,302)	$	89,606

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Amortization expense	$	5,957	$	6,200	$	11,991	$	13,286

Finite-lived intangible assets, by reportable segment, as of June 30, 2022, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2022	$	4,048	$	7,107	$	529	$	11,684
2023	8,096		11,685		1,058		20,839
2024	7,990		3,521		1,058		12,569
2025	7,857		2,606		1,058		11,521
2026	7,857		—		723		8,580
Thereafter	1,310		—		686		1,996
Total							$	67,189

FAIR VALUE MEASUREMENT	6 Months Ended
FAIR VALUE MEASUREMENT	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: •Level 1 — Quoted market prices in active markets for identical assets or liabilities. •Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data. •Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. We had no Level 3 assets or liabilities as of and during the periods ended June 30, 2022 and December 31, 2021. There were no transfers between levels during the period.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

FINANCING ARRANGEMENTS

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

FINANCING ARRANGEMENTS

The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):


	Average interest rate as of					Carrying value as of
	June 30, 2022		December 31, 2021		Maturity	June 30, 2022		December 31, 2021
Revolving credit facility	2.82	%	1.23	%	October 2023	$	174,000	$	525,000
364-day revolving credit facility	2.03	%	—		May 2023	500,000		—
Senior Notes, Series A	3.97	%	3.97	%	August 2023	175,000		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables securitization facility (1)	2.26	%	0.73	%	November 2023	499,448		299,481
Senior Notes (1)	4.20	%	4.20	%	April 2028	594,607		594,168
Total debt						2,268,055		1,918,649
Less: Current maturities and short-term borrowing						(674,000)		(525,000)
Long-term debt						$	1,594,055	$	1,393,649

____________________________________________

(1) Net of unamortized discounts and issuance costs.

SENIOR UNSECURED REVOLVING CREDIT FACILITY

We have a senior unsecured revolving credit facility (the “Credit Agreement”) with a total availability of $1 billion and a maturity date of October 24, 2023. Borrowings under the Credit Agreement generally bear interest at a variable rate determined by a pricing schedule or the base rate (which is the highest of (a) the administrative agent's prime rate, (b) the federal funds rate plus 0.50 percent, or (c) the sum of applicable LIBOR plus 1.13 percent). In addition, there is a commitment fee on the average daily undrawn stated amount under each letter of credit issued under the facility ranging from 0.075 percent to 0.200 percent. The recorded amount of borrowings outstanding, if any, approximates fair value because of the short maturity period of the debt.

The Credit Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.50 to 1.00. The Credit Agreement also contains customary events of default. On November 19, 2021, we amended the Credit Agreement to among other things, facilitate the terms of the Receivables Securitization Facility and include provisions for benchmark replacements to LIBOR.

364-DAY UNSECURED REVOLVING CREDIT FACILITY

On May 6, 2022, we entered into an unsecured revolving credit facility (the “364-day Credit Agreement”) with a total availability of $500 million and a maturity date of May 5, 2023. Borrowings under the 364-day Credit Agreement generally bear interest at an alternate base rate plus a margin or a term SOFR-based rate plus a margin of 0.625 percent to 1.25 percent. The alternate base rate is determined by a pricing schedule (which is the highest of (a) 0 percent, (b) U.S. Bank’s prime rate, (c) the federal funds effective rate plus 0.50 percent, or (d) a term SOFR-based rate plus 1.00 percent). In addition, there is a commitment fee on the aggregate unused commitments under the 364-day Credit Agreement ranging from 0.05 percent to 0.175 percent per annum. The recorded amount of borrowings outstanding, if any, approximates fair value because of the short maturity period of the debt.

The 364-day Credit Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including an initial maximum leverage ratio of 3.00 to 1.00. The 364-day Credit Agreement also contains customary events of default.

NOTE PURCHASE AGREEMENT

On August 23, 2013, we entered into a Note Purchase Agreement with certain institutional investors (the “Purchasers”). On August 27, 2013, the Purchasers purchased an aggregate principal amount of $500 million of our Senior Notes, Series A, Senior Notes Series B, and Senior Notes Series C (collectively, the “Notes”). Interest on the Notes is payable semi-annually in arrears. The fair value of the Notes approximated $477.9 million on June 30, 2022. We estimate the fair value of the Notes primarily using an expected present value technique, which is based on observable market inputs using interest rates currently available to companies of similar credit standing for similar terms and remaining maturities, and considering our own risk. If the Notes were recorded at fair value, they would be classified as Level 2.

The Note Purchase Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.00 to 1.00, a minimum interest coverage ratio of 2.00 to 1.00, and a maximum consolidated priority debt to consolidated total asset ratio of 15 percent.

The Note Purchase Agreement provides for customary events of default. The occurrence of an event of default would permit certain Purchasers to declare certain Notes then outstanding to be immediately due and payable. Under the terms of the Note Purchase Agreement, the Notes are redeemable, in whole or in part, at 100 percent of the principal amount being redeemed together with a “make-whole amount” (as defined in the Note Purchase Agreement), and accrued and unpaid interest with respect to each Note. The obligations of the company under the Note Purchase Agreement and the Notes are guaranteed by C.H. Robinson Company, a Delaware corporation and a wholly-owned subsidiary of the company, and by C.H. Robinson Company, Inc., a Minnesota corporation and an indirect wholly-owned subsidiary of the company. On November 19, 2021, we amended the Note Purchase Agreement to among other things, facilitate the terms of the Receivables Securitization Facility.

U.S. TRADE ACCOUNTS RECEIVABLE SECURITIZATION

On November 19, 2021, we entered into a receivables purchase agreement and related transaction documents with Bank of America, N.A. and Wells Fargo Bank, N.A. to provide a receivables securitization facility (the “Receivables Securitization Facility”). The Receivables Securitization Facility is based on the securitization of our U.S. trade accounts receivable with a total availability of $500 million as of June 30, 2022. The interest rate on borrowings under the Receivables Securitization Facility is based on Bloomberg Short Term Bank Yield Index (“BSBY”) plus a margin. There is also a commitment fee we are required to pay on any unused portion of the facility. The Receivables Securitization Facility expires on November 17, 2023, unless extended by the parties and is recorded as a noncurrent liability as of June 30, 2022. The recorded amount of borrowings outstanding on the Receivables Securitization Facility approximates fair value because it can be redeemed on short notice and the interest rate floats. We consider these borrowings to be a Level 2 financial liability. Borrowings on the Receivables Securitization Facility are included within proceeds on long-term borrowings on the consolidated statement of cash flows.

The Receivables Securitization Facility contains various customary affirmative and negative covenants, and it also contains customary default and termination provisions, which provide for acceleration of amounts owed under the Receivables Securitization Facility upon the occurrence of certain specified events.

On February 1, 2022, we amended the Receivables Securitization Facility primarily to increase the total availability from $300 million to $500 million pursuant to the provisions of the existing agreement. On July 7, 2022, we amended the Receivables Securitization Facility to effectively increase the receivables pool available with respect to the Receivables Securitization Facility.

SENIOR NOTES

On April 9, 2018, we issued senior unsecured notes (“Senior Notes”) through a public offering. The Senior Notes bear an annual interest rate of 4.20 percent payable semi-annually on April 15 and October 15, until maturity on April 15, 2028. Taking into effect the amortization of the original issue discount and all underwriting and issuance expenses, the Senior Notes have an effective yield to maturity of approximately 4.39 percent per annum. The fair value of the Senior Notes, excluding debt discounts and issuance costs, approximated $577.0 million as of June 30, 2022, based primarily on the market prices quoted from external sources. The carrying value of the Senior Notes was $594.6 million as of June 30, 2022.

We may redeem the Senior Notes, in whole or in part, at any time and from time to time prior to their maturity at the applicable redemption prices described in the Senior Notes. Upon the occurrence of a “change of control triggering event” as defined in the Senior Notes (generally, a change of control of us accompanied by a reduction in the credit rating for the Senior Notes), we will generally be required to make an offer to repurchase the Senior Notes from holders at 101 percent of their principal amount plus accrued and unpaid interest to the date of repurchase.

The Senior Notes were issued under an indenture that contains covenants imposing certain limitations on our ability to incur liens or enter into sale and leaseback transactions above certain limits; and consolidate, or merge or transfer substantially all of our assets and those of our subsidiaries on a consolidated basis. It also provides for customary events of default (subject in certain cases to customary grace and cure periods), which include among other things nonpayment, breach of covenants in the indenture, and certain events of bankruptcy and insolvency. If an event of default occurs and is continuing with respect to the Senior Notes, the trustee or holders of at least 25 percent in principal amount outstanding of the Senior Notes may declare the principal and the accrued and unpaid interest, if any, on all of the outstanding Senior Notes to be due and payable. These covenants and events of default are subject to a number of important qualifications, limitations, and exceptions that are described in the indenture. The indenture does not contain any financial ratios or specified levels of net worth or liquidity to which we must adhere.In addition to the above financing agreements, we have a $15 million discretionary line of credit with U.S. Bank of which $7.9 million is currently utilized for standby letters of credit related to insurance collateral as of June 30, 2022. These standby letters of credit are renewed annually and were undrawn as of June 30, 2022.

- 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

INCOME TAXES

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the three and six months ended June 30, 2022 and 2021, is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.0		2.0		1.7		2.1
Share based payment awards	(0.6)		(0.1)		(0.9)		(1.5)
Foreign tax credits	(1.4)		(1.2)		(1.1)		(0.5)
Other U.S. tax credits and incentives	(0.3)		(0.8)		(1.0)		(0.9)
Foreign	(0.5)		2.0		(0.5)		0.2
Other	1.1		(1.3)		0.8		(0.3)
Effective income tax rate	21.3	%	21.6	%	20.0	%	20.1	%

We have asserted that the unremitted earnings of a limited number of our foreign subsidiaries are permanently reinvested to support expansion of our international business. If we repatriated all foreign earnings that are considered to be permanently reinvested, the estimated effect on income taxes payable would be an increase of approximately $2.0 million as of June 30, 2022.

On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. The CARES Act allowed for a deferral of the employer share of federal payroll taxes. We have recognized a payroll deferral of $14.7 million under the CARES Act due on December 31, 2022.

As of June 30, 2022, we have $41.0 million of unrecognized tax benefits and related interest and penalties. It is possible the amount of unrecognized tax benefit could change in the next 12 months as a result of a lapse of the statute of limitations and settlements with taxing authorities. The total liability for unrecognized tax benefits is expected to decrease by approximately $2.4 million in the next 12 months due to the lapsing of statutes of limitations. With few exceptions, we are no longer subject to audits of U.S. federal, state and local, or non-U.S. income tax returns before 2015. We are currently under an Internal Revenue Service audit for 2015, 2016 and 2017 tax years.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

STOCK AWARD PLANS

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

STOCK AWARD PLANS

Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense as it vests. A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock options	$	3,263	$	4,027	$	6,482	$	7,994
Stock awards	23,887		24,401		43,950		43,349
Company expense on ESPP discount	779		733		2,103		1,807
Total stock-based compensation expense	$	27,929	$	29,161	$	52,535	$	53,150

On May 5, 2022, our shareholders approved a 2022 Equity Incentive Plan (the “Plan”) and authorized an initial 4,261,884 shares for issuance of awards thereunder. Upon approval of the Plan, no new awards may be made under our 2013 Equity Incentive Plan. The Plan allows us to grant certain stock awards, including stock options at fair market value, performance-based restricted stock units and shares, and time-based restricted stock units, to our key employees and non-employee directors. Approximately 4,424,631 shares were available for stock awards under the Plan as of June 30, 2022. Shares subject to awards under the Plan or certain of our prior plans that expire or are canceled without delivery of shares or that are settled in cash generally become available again for issuance under the Plan.

Stock Options - We have awarded stock options to certain key employees through 2020. The fair value of these options was established based on the market price on the date of grant calculated using the Black-Scholes option pricing model. Changes in measured stock price volatility and interest rates were the primary reasons for changes in the fair value. These grants are being expensed based on the terms of the awards. As of June 30, 2022, unrecognized compensation expense related to stock options was $20.0 million. The amount of future expense to be recognized will be based on the passage of time and the employees' continued employment.

Stock Awards - We have awarded performance-based restricted shares, performance-based restricted stock units (“PSUs”), and time-based restricted stock units. Nearly all of our awards contain restrictions on the awardees’ ability to sell or transfer vested awards for a specified period of time. The fair value of these awards is established based on the market price on the date of grant, discounted for any post-vesting holding restrictions. The discounts on outstanding grants with post-vesting holding restrictions vary from 12 percent to 24 percent and are calculated using the Black-Scholes option pricing model-protective put method. The duration of the restriction period to sell or transfer vested awards, changes in the measured stock price volatility and changes in interest rates are the primary reasons for changes in the discounts. These grants are being expensed based on the terms of the awards.

Performance-based Awards

We have awarded performance-based restricted shares through 2020 to certain key employees and non-employee directors. These awards vest over a five-year period based on the company’s earnings growth. Beginning in 2021, we have awarded annually PSUs to certain key employees. These PSUs vest over a three-year period based on the company's cumulative three-year earnings per share growth and annual adjusted gross profit growth. These PSUs contain an upside opportunity of up to 200 percent of target contingent upon obtaining certain earnings per share and adjusted gross profit growth targets.

Time-based Awards

We award time-based restricted stock units to certain key employees and non-employee directors. Time-based awards granted through 2020 vest over a five-year period. Beginning in 2021, we have granted annually time-based awards that vest over a three-year period. These awards vest primarily based on the passage of time and the employee’s continued employment. These grants are being expensed based on the terms of the awards.

We granted 330,072 PSUs and 634,118 time-based restricted stock units on February 9, 2022. The PSUs and time-based restricted stock unit awards had a weighted average grant date fair value of $76.74 and $74.67, respectively. Time-based awards are eligible to vest over a three-year period with a first vesting date of December 31, 2022.

We have also issued restricted stock units to certain key employees and non-employee directors, which are fully vested upon issuance. These units contain restrictions on the awardees’ ability to sell or transfer vested units for a specified period of time. The fair value of these units is established using the same method discussed above. These grants have been expensed during the year they were earned.

As of June 30, 2022, there was unrecognized compensation expense of $144.3 million related to previously granted stock awards assuming maximum achievement is obtained on our performance-based awards. The amount of future expense to be recognized will be based on the passage of time, the company’s earnings and adjusted gross profit growth, and certain other conditions.

Employee Stock Purchase Plan - Our 1997 Employee Stock Purchase Plan (“ESPP”) allows our employees to contribute up to $10,000 of their annual cash compensation to purchase company stock. The purchase price is determined using the closing price on the last day of each quarter discounted by 15 percent. Shares vest immediately. The following is a summary of the employee stock purchase plan activity (dollars in thousands):


Three Months Ended June 30, 2022
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
51,276	$	4,419	$	779

LITIGATION	6 Months Ended
LITIGATION	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATIONWe are not subject to any pending or threatened litigation other than routine litigation arising in the ordinary course of our business operations, including certain contingent auto liability cases. For some legal proceedings, we have accrued an amount that reflects the aggregate liability deemed probable and estimable, but this amount is not material to our condensed consolidated financial position, results of operations, or cash flows. Because of the preliminary nature of many of these proceedings, the difficulty in ascertaining the applicable facts relating to many of these proceedings, the inconsistent treatment of claims made in many of these proceedings, and the difficulty of predicting the settlement value of many of these proceedings, we are often unable to estimate an amount or range of any reasonably possible losses. However, based upon our historical experience, the resolution of these proceedings is not expected to have a material effect on our consolidated financial position, results of operations, or cash flows.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References + Details

ACQUISITIONS

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

ACQUISITIONS

Combinex Holding B.V.

On June 3, 2021, we acquired all of the outstanding shares of Combinex to strengthen our European road transportation presence. Total purchase consideration, net of cash acquired was $14.7 million, which was paid in cash.

Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):


	Estimated Life (years)
Customer relationships	7	$	3,942

There was $10.8 million of goodwill recorded related to the acquisition of Combinex. The Combinex goodwill is a result of acquiring and retaining the Combinex workforce and expected synergies from integrating its business into ours. Purchase accounting is considered complete. The goodwill will not be deductible for tax purposes. The results of operations of Combinex have been included as part of the All Other and Corporate segment in our consolidated financial statements since June 3, 2021.

SEGMENT REPORTING

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

Our reportable segments are based on our method of internal reporting, which generally segregates the segments by service line and the primary services they provide to our customers. We identify two reportable segments in addition to All Other and Corporate as summarized below:

•North American Surface Transportation—NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST include truckload and less than truckload (“LTL”) transportation services.

•Global Forwarding—Global Forwarding provides global logistics services through an international network of offices in North America, Asia, Europe, Oceania, and South America and also contracts with independent agents worldwide. The primary services provided by Global Forwarding include ocean freight services, air freight services, and customs brokerage.

•All Other and Corporate—All Other and Corporate includes our Robinson Fresh and Managed Services segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Robinson Fresh provides sourcing services including the buying, selling, and marketing of fresh fruits, vegetables, and other perishable items. Managed Services provides Transportation Management Services, or Managed TMS®. Other Surface Transportation revenues are primarily earned by Europe Surface Transportation. Europe Surface Transportation provides transportation and logistics services including truckload and groupage services across Europe.

The internal reporting of segments is defined, based in part, on the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies located in Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2021. We do not report our intersegment revenues by reportable segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.

Reportable segment information as of, and for the three and six months ended June 30, 2022 and 2021, is as follows (dollars in thousands):


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended June 30, 2022
Total revenues	$	4,147,046	$	2,093,190	$	558,239	$	6,798,475
Income from operations	276,499		167,557		25,609		469,665
Depreciation and amortization	6,123		5,471		11,668		23,262
Total assets(1)	3,688,215		2,851,114		918,110		7,457,439
Average headcount	7,552		5,759		4,582		17,893

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended June 30, 2021
Total revenues	$	3,585,481	$	1,450,794	$	496,451	$	5,532,726
Income from operations	151,092		108,212		1,300		260,604
Depreciation and amortization	6,534		6,276		10,127		22,937
Total assets(1)	3,278,540		1,852,473		775,551		5,906,564
Average headcount	6,580		4,909		3,916		15,405


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Six Months Ended June 30, 2022
Total revenues	$	8,261,935	$	4,287,587	$	1,064,906	$	13,614,428
Income from operations	458,853		335,195		21,091		815,139
Depreciation and amortization	12,362		11,026		22,360		45,748
Total assets(1)	3,688,215		2,851,114		918,110		7,457,439
Average headcount	7,442		5,690		4,422		17,554

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Six Months Ended June 30, 2021
Total revenues	$	6,796,904	$	2,606,833	$	932,858	$	10,336,595
Income (loss) from operations	287,876		198,801		(2,744)		483,933
Depreciation and amortization	13,159		11,925		21,131		46,215
Total assets(1)	3,278,540		1,852,473		775,551		5,906,564
Average headcount	6,578		4,832		3,823		15,233

_________________________________________

(1) All cash and cash equivalents are included in All Other and Corporate.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

REVENUE FROM CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments for the three and six months ended June 30, 2022 and 2021 (in thousands):


	Three Months Ended June 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	4,147,046	$	2,093,190	$	225,406	$	6,465,642
Sourcing(2)	—		—		332,833		332,833
Total	$	4,147,046	$	2,093,190	$	558,239	$	6,798,475

	Three Months Ended June 30, 2021
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	3,585,481	$	1,450,794	$	204,173	$	5,240,448
Sourcing(2)	—		—		292,278		292,278
Total	$	3,585,481	$	1,450,794	$	496,451	$	5,532,726


	Six Months Ended June 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	8,261,935	$	4,287,587	$	444,471	$	12,993,993
Sourcing(2)	—		—		620,435		620,435
Total	$	8,261,935	$	4,287,587	$	1,064,906	$	13,614,428

	Six Months Ended June 30, 2021
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	6,796,904	$	2,606,833	$	396,938	$	9,800,675
Sourcing(2)	—		—		535,920		535,920
Total	$	6,796,904	$	2,606,833	$	932,858	$	10,336,595

____________________________________________

(1) Transportation and logistics services performance obligations are completed over time.

(2) Sourcing performance obligations are completed at a point in time.

We typically do not receive consideration and amounts are not due from our customer prior to the completion of our performance obligation and as such contract liabilities, as of June 30, 2022, and revenue recognized in the three and six months ended June 30, 2022 and 2021 resulting from contract liabilities, were not significant. Contract assets and accrued expenses-transportation expense fluctuate from period to period primarily based upon shipments in-transit at period end and the timing of customer invoicing.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 13
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

LEASES

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

LEASES

LEASESWe determine if our contractual agreements contain a lease at inception. A lease is identified when a contract allows us the right to control an identified asset for a period of time in exchange for consideration. Our lease agreements consist primarily of operating leases for office space, warehouses, office equipment, trailers, and a small number of intermodal containers. We do not have material financing leases. Frequently, we enter into contractual relationships with a wide variety of transportation companies for freight capacity and utilize those relationships to efficiently and cost-effectively arrange the transport of our customers’ freight. These contracts typically have a term of 12 months or less and do not allow us to direct the use or obtain substantially all of the economic benefits of a specifically identified asset. Accordingly, these agreements are not considered leases.

Our operating leases are included on the consolidated balance sheets as right-of-use lease assets and lease liabilities. A right-of-use lease asset represents our right to use an underlying asset over the term of a lease, while a lease liability represents our obligation to make lease payments arising from the lease. Current and noncurrent lease liabilities are recognized on the commencement date at the present value of lease payments, including non-lease components, which consist primarily of common area maintenance and parking charges. Right-of-use lease assets are also recognized on the commencement date as the total lease liability plus prepaid rents. As our leases typically do not provide an implicit rate, we use our fully collateralized incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is influenced by market interest rates, our credit rating, and lease term and as such, may differ for individual leases.

Our lease agreements typically do not contain variable lease payments, residual value guarantees, purchase options, or restrictive covenants. Many of our leases include the option to renew for a period of months to several years. The term of our leases may include the option to renew when it is reasonably certain that we will exercise that option although these occurrences are seldom. We have lease agreements with lease components (e.g., payments for rent) and non-lease components (e.g., payments for common area maintenance and parking), which are all accounted for as a single lease component.

We do not have material lease agreements that have not yet commenced that are expected to create significant rights or obligations as of June 30, 2022.

Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of June 30, 2022, and for the three and six months ended June 30, 2022 and 2021, is as follows (dollars in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
Lease Costs	2022		2021		2022		2021
Operating lease expense	$	23,082	$	21,459	$	44,727	$	43,021
Short-term lease expense	1,137		1,462		3,597		3,063
Total lease expense	$	24,219	$	22,921	$	48,324	$	46,084


	Six Months Ended June 30,
Other Lease Information	2022		2021
Operating cash flows from operating leases	$	43,937	$	42,495
Right-of-use lease assets obtained in exchange for new lease liabilities	87,554		18,299


Lease Term and Discount Rate	As of June 30, 2022
Weighted average remaining lease term (in years)(1)	6.5
Weighted average discount rate	3.0	%

____________________________________________

(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, which commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 5.1 years.

The maturities of lease liabilities as of June 30, 2022, were as follows (in thousands):


Maturity of Lease Liabilities	Operating Leases
Remaining 2022	$	38,669
2023	84,653
2024	63,944
2025	47,866
2026	38,314
Thereafter	121,832
Total lease payments	395,278
Less: Interest	(41,273)
Present value of lease liabilities	$	354,005

ALLOWANCE FOR CREDIT LOSSES

6 Months Ended

Jun. 30, 2022

Credit Loss [Abstract]

ALLOWANCE FOR CREDIT LOSSES

Our allowance for credit losses is computed using a number of factors including our past credit loss experience, the aging of amounts due from our customers, our customers' credit ratings, in addition to other customer-specific factors. We have also considered recent trends and developments related to the current macroeconomic environment in determining our ending allowance for credit losses for both accounts receivable and contract assets. The allowance for credit losses on contract assets was not significant.

A rollforward of our allowance for credit losses on our accounts receivable balance is presented below for the six months ended June 30, 2022 (in thousands):


Balance, December 31, 2021	$	41,542
Provision	(2,411)
Write-offs	(1,613)
Balance, June 30, 2022	$	37,518

Recoveries of amounts previously written off were not significant for the three and six months ended June 30, 2022.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

+ References + Details

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss is included in Stockholders' investment on our condensed consolidated balance sheets. The recorded balance on June 30, 2022 and December 31, 2021, was $87.9 million and $61.1 million, respectively. The recorded balance on June 30, 2022 and December 31, 2021 is comprised solely of foreign currency adjustments, including foreign currency translation. Other comprehensive loss was $33.6 million compared to other comprehensive loss of $0.2 million for the three months ended June 30, 2022 and 2021, respectively. Both periods were driven primarily by fluctuations in the Singapore Dollar, the Australian Dollar, and the Yuan. Other comprehensive loss was $26.7 million compared to other comprehensive loss of $7.4 million for the six months ended June 30, 2022 and 2021, respectively. Other comprehensive income and loss consisted of foreign currency adjustments, including foreign currency translation, for the three and six months ended June 30, 2022 and 2021. Both periods were driven primarily by fluctuations in the Singapore Dollar, Yuan, and the Australian Dollar.

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION C.H. Robinson Worldwide, Inc., and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions operating through a network of offices located in North America, Europe, Asia, Oceania, and South America. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc., and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements. Our reportable segments are NAST and Global Forwarding with all other segments included in All Other and Corporate. The All Other and Corporate reportable segment includes Robinson Fresh, Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. For financial information concerning our reportable segments, refer to Note 9, Segment Reporting. The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2021.
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS For the three months ended June 30, 2022, there were no recently issued or newly adopted accounting pronouncements that had, or are expected to have, a material impact to our consolidated financial statements.
GOODWILL	Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of June 30, 2022.
FAIR VALUE MEASUREMENT	FAIR VALUE MEASUREMENT Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: •Level 1 — Quoted market prices in active markets for identical assets or liabilities. •Level 2 — Observable market-based inputs or unobservable inputs that are corroborated by market data. •Level 3 — Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement.

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2021	$	1,196,333	$	210,391	$	78,030	$	1,484,754

Foreign currency translation	(7,319)		(2,907)		(1,673)		(11,899)
Balance, June 30, 2022	$	1,189,014	$	207,484	$	76,357	$	1,472,855

Schedule of Intangible Assets

Identifiable intangible assets consisted of the following (in thousands):


	June 30, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	163,580	$	(96,391)	$	67,189	$	169,308	$	(88,302)	$	81,006


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	172,180	$	(96,391)	$	75,789	$	177,908	$	(88,302)	$	89,606

Schedule of Amortization Expense

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Amortization expense	$	5,957	$	6,200	$	11,991	$	13,286

Schedule of Future Amortization of Finite-Lived Intangible Assets

Finite-lived intangible assets, by reportable segment, as of June 30, 2022, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2022	$	4,048	$	7,107	$	529	$	11,684
2023	8,096		11,685		1,058		20,839
2024	7,990		3,521		1,058		12,569
2025	7,857		2,606		1,058		11,521
2026	7,857		—		723		8,580
Thereafter	1,310		—		686		1,996
Total							$	67,189

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Components of Short-term and Long-term Debt

The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):


	Average interest rate as of					Carrying value as of
	June 30, 2022		December 31, 2021		Maturity	June 30, 2022		December 31, 2021
Revolving credit facility	2.82	%	1.23	%	October 2023	$	174,000	$	525,000
364-day revolving credit facility	2.03	%	—		May 2023	500,000		—
Senior Notes, Series A	3.97	%	3.97	%	August 2023	175,000		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables securitization facility (1)	2.26	%	0.73	%	November 2023	499,448		299,481
Senior Notes (1)	4.20	%	4.20	%	April 2028	594,607		594,168
Total debt						2,268,055		1,918,649
Less: Current maturities and short-term borrowing						(674,000)		(525,000)
Long-term debt						$	1,594,055	$	1,393,649

____________________________________________

(1) Net of unamortized discounts and issuance costs.

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the three and six months ended June 30, 2022 and 2021, is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Federal statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	2.0		2.0		1.7		2.1
Share based payment awards	(0.6)		(0.1)		(0.9)		(1.5)
Foreign tax credits	(1.4)		(1.2)		(1.1)		(0.5)
Other U.S. tax credits and incentives	(0.3)		(0.8)		(1.0)		(0.9)
Foreign	(0.5)		2.0		(0.5)		0.2
Other	1.1		(1.3)		0.8		(0.3)
Effective income tax rate	21.3	%	21.6	%	20.0	%	20.1	%

STOCK AWARD PLANS (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation

A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock options	$	3,263	$	4,027	$	6,482	$	7,994
Stock awards	23,887		24,401		43,950		43,349
Company expense on ESPP discount	779		733		2,103		1,807
Total stock-based compensation expense	$	27,929	$	29,161	$	52,535	$	53,150

Schedule Employee Stock Purchase Plan Activity

The following is a summary of the employee stock purchase plan activity (dollars in thousands):


Three Months Ended June 30, 2022
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
51,276	$	4,419	$	779

ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2022

Combinex Holding B.V.

Business Acquisition [Line Items]

Schedule of Identifiable Intangible Assets and Estimated Useful Lives

Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):


	Estimated Life (years)
Customer relationships	7	$	3,942

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summary of Segment Information

Reportable segment information as of, and for the three and six months ended June 30, 2022 and 2021, is as follows (dollars in thousands):


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended June 30, 2022
Total revenues	$	4,147,046	$	2,093,190	$	558,239	$	6,798,475
Income from operations	276,499		167,557		25,609		469,665
Depreciation and amortization	6,123		5,471		11,668		23,262
Total assets(1)	3,688,215		2,851,114		918,110		7,457,439
Average headcount	7,552		5,759		4,582		17,893

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Three Months Ended June 30, 2021
Total revenues	$	3,585,481	$	1,450,794	$	496,451	$	5,532,726
Income from operations	151,092		108,212		1,300		260,604
Depreciation and amortization	6,534		6,276		10,127		22,937
Total assets(1)	3,278,540		1,852,473		775,551		5,906,564
Average headcount	6,580		4,909		3,916		15,405


	NAST		Global Forwarding		All Other and Corporate		Consolidated
Six Months Ended June 30, 2022
Total revenues	$	8,261,935	$	4,287,587	$	1,064,906	$	13,614,428
Income from operations	458,853		335,195		21,091		815,139
Depreciation and amortization	12,362		11,026		22,360		45,748
Total assets(1)	3,688,215		2,851,114		918,110		7,457,439
Average headcount	7,442		5,690		4,422		17,554

	NAST		Global Forwarding		All Other and Corporate		Consolidated
Six Months Ended June 30, 2021
Total revenues	$	6,796,904	$	2,606,833	$	932,858	$	10,336,595
Income (loss) from operations	287,876		198,801		(2,744)		483,933
Depreciation and amortization	13,159		11,925		21,131		46,215
Total assets(1)	3,278,540		1,852,473		775,551		5,906,564
Average headcount	6,578		4,832		3,823		15,233

_________________________________________

(1) All cash and cash equivalents are included in All Other and Corporate.

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Summary of Total Revenues Disaggregated by Major Service Line and Timing of Revenue Recognition

A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments for the three and six months ended June 30, 2022 and 2021 (in thousands):


	Three Months Ended June 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	4,147,046	$	2,093,190	$	225,406	$	6,465,642
Sourcing(2)	—		—		332,833		332,833
Total	$	4,147,046	$	2,093,190	$	558,239	$	6,798,475

	Three Months Ended June 30, 2021
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	3,585,481	$	1,450,794	$	204,173	$	5,240,448
Sourcing(2)	—		—		292,278		292,278
Total	$	3,585,481	$	1,450,794	$	496,451	$	5,532,726


	Six Months Ended June 30, 2022
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	8,261,935	$	4,287,587	$	444,471	$	12,993,993
Sourcing(2)	—		—		620,435		620,435
Total	$	8,261,935	$	4,287,587	$	1,064,906	$	13,614,428

	Six Months Ended June 30, 2021
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services(1)	$	6,796,904	$	2,606,833	$	396,938	$	9,800,675
Sourcing(2)	—		—		535,920		535,920
Total	$	6,796,904	$	2,606,833	$	932,858	$	10,336,595

____________________________________________

(1) Transportation and logistics services performance obligations are completed over time.

(2) Sourcing performance obligations are completed at a point in time.

LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information

Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of June 30, 2022, and for the three and six months ended June 30, 2022 and 2021, is as follows (dollars in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
Lease Costs	2022		2021		2022		2021
Operating lease expense	$	23,082	$	21,459	$	44,727	$	43,021
Short-term lease expense	1,137		1,462		3,597		3,063
Total lease expense	$	24,219	$	22,921	$	48,324	$	46,084


	Six Months Ended June 30,
Other Lease Information	2022		2021
Operating cash flows from operating leases	$	43,937	$	42,495
Right-of-use lease assets obtained in exchange for new lease liabilities	87,554		18,299


Lease Term and Discount Rate	As of June 30, 2022
Weighted average remaining lease term (in years)(1)	6.5
Weighted average discount rate	3.0	%

____________________________________________

(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, which commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 5.1 years.

Schedule of Maturity of Lease Liabilities

The maturities of lease liabilities as of June 30, 2022, were as follows (in thousands):


Maturity of Lease Liabilities	Operating Leases
Remaining 2022	$	38,669
2023	84,653
2024	63,944
2025	47,866
2026	38,314
Thereafter	121,832
Total lease payments	395,278
Less: Interest	(41,273)
Present value of lease liabilities	$	354,005

ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2022

Credit Loss [Abstract]

Schedule of Allowance for Credit Loss on Accounts Receivable

A rollforward of our allowance for credit losses on our accounts receivable balance is presented below for the six months ended June 30, 2022 (in thousands):


Balance, December 31, 2021	$	41,542
Provision	(2,411)
Write-offs	(1,613)
Balance, June 30, 2022	$	37,518

BASIS OF PRESENTATION (Details) $ in Millions	3 Months Ended
BASIS OF PRESENTATION (Details) $ in Millions	Jun. 30, 2022 USD ($)
Kansas City Office Building
Property, Plant and Equipment [Line Items]
Sale Leaseback Transaction, Term	10 years
Office Space, Kansas City, Missouri \| Discontinued Operations, Held-for-sale or Disposed of by Sale
Property, Plant and Equipment [Line Items]
Proceeds from Sale of Property, Plant, and Equipment	$ 55.0
Gain (Loss) on Sale of Properties	$ 23.5

GOODWILL AND OTHER INTANGIBLE ASSETS - Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,484,754
Foreign currency translation	(11,899)
Balance, end of period	1,472,855
NAST
Goodwill [Roll Forward]
Balance, beginning of period	1,196,333
Foreign currency translation	(7,319)
Balance, end of period	1,189,014
Global Forwarding
Goodwill [Roll Forward]
Balance, beginning of period	210,391
Foreign currency translation	(2,907)
Balance, end of period	207,484
All Other and Corporate
Goodwill [Roll Forward]
Balance, beginning of period	78,030
Foreign currency translation	(1,673)
Balance, end of period	$ 76,357

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-lived intangibles
Accumulated Amortization	$ (96,391)	$ (88,302)
Finite-lived intangible assets, net	67,189
Indefinite-lived intangibles
Total intangibles, Cost	172,180	177,908
Total intangibles, Net	75,789	89,606
Trademarks
Indefinite-lived intangibles
Indefinite-lived intangibles	8,600	8,600
Customer relationships
Finite-lived intangibles
Finite-lived intangibles, Cost	163,580	169,308
Accumulated Amortization	(96,391)	(88,302)
Finite-lived intangible assets, net	$ 67,189	$ 81,006

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 5,957	$ 6,200	$ 11,991	$ 13,286

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Over Remaining Life (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Estimated amortization expense
Remaining 2022	$ 11,684
2023	20,839
2024	12,569
2025	11,521
2026	8,580
Thereafter	1,996
Finite-lived intangible assets, net	67,189
NAST
Estimated amortization expense
Remaining 2022	4,048
2023	8,096
2024	7,990
2025	7,857
2026	7,857
Thereafter	1,310
Global Forwarding
Estimated amortization expense
Remaining 2022	7,107
2023	11,685
2024	3,521
2025	2,606
2026	0
Thereafter	0
All Other and Corporate
Estimated amortization expense
Remaining 2022	529
2023	1,058
2024	1,058
2025	1,058
2026	723
Thereafter	$ 686

FAIR VALUE MEASUREMENT (Details) - Level 3 - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Level 3 Fair Value
Assets at fair value	$ 0	$ 0
Liabilities at fair value	$ 0	$ 0

FINANCING ARRANGEMENTS - Components of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total debt	$ 2,268,055	$ 1,918,649
Less: Current maturities and short-term borrowing	(674,000)	(525,000)
Long-term debt	$ 1,594,055	$ 1,393,649
Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Average interest rate (percent)	2.82%	1.23%
Total debt	$ 174,000	$ 525,000
364 Credit Agreement \| Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Average interest rate (percent)	2.03%	0.00%
Total debt	$ 500,000	$ 0
Senior Notes, Series A \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)	3.97%	3.97%
Total debt	$ 175,000	$ 175,000
Senior Notes, Series B \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)	4.26%	4.26%
Total debt	$ 150,000	$ 150,000
Senior Notes, Series C \| Senior notes
Debt Instrument [Line Items]
Average interest rate (percent)	4.60%	4.60%
Total debt	$ 175,000	$ 175,000
Receivables securitization facility \| Secured debt
Debt Instrument [Line Items]
Average interest rate (percent)	2.26%	0.73%
Total debt	$ 499,448	$ 299,481
Senior Notes \| Unsecured debt
Debt Instrument [Line Items]
Average interest rate (percent)	4.20%	4.20%
Total debt	$ 594,607	$ 594,168

FINANCING ARRANGEMENTS - Narrative (Details)	6 Months Ended
FINANCING ARRANGEMENTS - Narrative (Details)	Jun. 30, 2022 USD ($)	Feb. 01, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 27, 2013 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 2,268,055,000		$ 1,918,649,000
Revolving credit facility \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Maximum leverage ratio	3.50
Long-term debt	$ 174,000,000		525,000,000
Revolving credit facility \| Line of credit \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.50%
Revolving credit facility \| Line of credit \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.13%
Revolving credit facility \| Line of credit \| Minimum
Debt Instrument [Line Items]
Commitment fee (percent)	0.075%
Revolving credit facility \| Line of credit \| Maximum
Debt Instrument [Line Items]
Commitment fee (percent)	0.20%
US Bank \| Standby letters of credit
Debt Instrument [Line Items]
Current funding	$ 7,900,000
US Bank \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	15,000,000
364 Credit Agreement \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Maximum leverage ratio	3.00
364 Credit Agreement \| Revolving credit facility \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.50%
364 Credit Agreement \| Revolving credit facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.00%
364 Credit Agreement \| Revolving credit facility \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.00%
364 Credit Agreement \| Revolving credit facility \| Minimum
Debt Instrument [Line Items]
Commitment fee (percent)	0.05%
364 Credit Agreement \| Revolving credit facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	0.625%
364 Credit Agreement \| Revolving credit facility \| Maximum
Debt Instrument [Line Items]
Commitment fee (percent)	0.175%
364 Credit Agreement \| Revolving credit facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.25%
Note Purchase Agreement \| Senior notes
Debt Instrument [Line Items]
Maximum leverage ratio	3.00
Minimum interest coverage ratio	2.00
Debt instrument principal amount				$ 500,000,000
Long-term debt, fair value	$ 477,900,000
Maximum priority debt to total assets ratio (percent)	15.00%
Debt instrument, redemption price (percent)	100.00%
Senior Notes Due 2028 \| Unsecured debt
Debt Instrument [Line Items]
Long-term debt, fair value	$ 577,000,000
Debt instrument, redemption price (percent)	101.00%
Debt instrument, annual interest rate (percent)	4.20%
Long-term debt	$ 594,607,000		594,168,000
Debt instrument, effective yield (percent)	4.39%
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent)	25.00%
Receivables securitization facility \| Secured debt
Debt Instrument [Line Items]
Long-term debt	$ 499,448,000		299,481,000
Receivables securitization facility \| Secured debt \| Wells Fargo Bank N.A. and Bank of America N.A.
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000		$ 300,000,000
Current funding		$ 500,000,000

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation
Federal statutory rate	21.00%	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	2.00%	2.00%	1.70%	2.10%
Share based payment awards	(0.60%)	(0.10%)	(0.90%)	(1.50%)
Foreign tax credits	(1.40%)	(1.20%)	(1.10%)	(0.50%)
Other U.S. tax credits and incentives	(0.30%)	(0.80%)	(1.00%)	(0.90%)
Foreign	(0.50%)	2.00%	(0.50%)	0.20%
Other	1.10%	(1.30%)	0.80%	(0.30%)
Effective income tax rate	21.30%	21.60%	20.00%	20.10%

INCOME TAXES - Narrative (Details) $ in Millions		6 Months Ended
INCOME TAXES - Narrative (Details) $ in Millions	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Income Tax Disclosure [Abstract]
Estimated increase in income taxes payable if all foreign earnings were repatriated	$ 2.0
Payroll tax deferral, CARES Act		$ 14.7
Unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized	41.0	41.0
Decrease in unrecognized tax benefits due to lapse of statute of limitations	$ 2.4	$ 2.4

STOCK AWARD PLANS - Total Compensation Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 27,929	$ 29,161	$ 52,535	$ 53,150
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	3,263	4,027	6,482	7,994
Stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	23,887	24,401	43,950	43,349
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 779	$ 733	$ 2,103	$ 1,807

STOCK AWARD PLANS - Narrative (Details) - USD ($)		3 Months Ended				6 Months Ended
STOCK AWARD PLANS - Narrative (Details) - USD ($)	Feb. 09, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	May 05, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum shares that can be granted under stock plan (shares)								4,261,884
Shares available for stock awards (shares)		4,424,631				4,424,631
Stock-based compensation expense		$ 27,929,000		$ 29,161,000		$ 52,535,000	$ 53,150,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		20,000,000				20,000,000
Stock-based compensation expense		3,263,000		$ 4,027,000		6,482,000	$ 7,994,000
Stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		144,300,000				$ 144,300,000
Stock awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on outstanding grants (percent)						12.00%
Stock awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount on outstanding grants (percent)						24.00%
Performance-based restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Performance-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (shares)	330,072
Weighted average grant date fair value (in dollars per share)	$ 76.74
Award vesting period	3 years		3 years
Upside opportunity upon achievement of targets (percent)						200.00%
Time-based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted (shares)	634,118
Weighted average grant date fair value (in dollars per share)	$ 74.67
Award vesting period	3 years		3 years		5 years
1997 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum employee contribution to purchase company stock		$ 10,000				$ 10,000
Discount rate used to determine the purchase price						15.00%

STOCK AWARD PLANS - Employee Stock Purchase Plan Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased by employees (shares)	51,276
Aggregate cost to employees	$ 4,419
Expense recognized by the company	27,929	$ 29,161	$ 52,535	$ 53,150
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized by the company	$ 779	$ 733	$ 2,103	$ 1,807

ACQUISITIONS - Narrative (Details) - Combinex Holding B.V. $ in Millions	Jun. 03, 2021 USD ($)
Business Acquisition [Line Items]
Cash consideration for acquisition	$ 14.7
Goodwill recorded in acquisition	$ 10.8

ACQUISITIONS - Identifiable Intangible Assets and Estimated Useful Lives (Details) - Customer relationships - Combinex Holding B.V. $ in Thousands	Jun. 03, 2021 USD ($)
Business Acquisition [Line Items]
Estimated life (years)	7 years
Identifiable intangible assets	$ 3,942

SEGMENT REPORTING - Narrative (Details)	6 Months Ended
SEGMENT REPORTING - Narrative (Details)	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT REPORTING - Reportable Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) employee	Jun. 30, 2021 USD ($) employee	Jun. 30, 2022 USD ($) employee	Jun. 30, 2021 USD ($) employee	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 6,798,475	$ 5,532,726	$ 13,614,428	$ 10,336,595
Income (loss) from operations	469,665	260,604	815,139	483,933
Depreciation and amortization	23,262	22,937	45,748	46,215
Total assets	$ 7,457,439	$ 5,906,564	$ 7,457,439	$ 5,906,564	$ 7,028,112
Average headcount (employee) \| employee	17,893	15,405	17,554	15,233
NAST
Segment Reporting Information [Line Items]
Total revenues	$ 4,147,046	$ 3,585,481	$ 8,261,935	$ 6,796,904
Income (loss) from operations	276,499	151,092	458,853	287,876
Depreciation and amortization	6,123	6,534	12,362	13,159
Total assets	$ 3,688,215	$ 3,278,540	$ 3,688,215	$ 3,278,540
Average headcount (employee) \| employee	7,552	6,580	7,442	6,578
Global Forwarding
Segment Reporting Information [Line Items]
Total revenues	$ 2,093,190	$ 1,450,794	$ 4,287,587	$ 2,606,833
Income (loss) from operations	167,557	108,212	335,195	198,801
Depreciation and amortization	5,471	6,276	11,026	11,925
Total assets	$ 2,851,114	$ 1,852,473	$ 2,851,114	$ 1,852,473
Average headcount (employee) \| employee	5,759	4,909	5,690	4,832
All Other and Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 558,239	$ 496,451	$ 1,064,906	$ 932,858
Income (loss) from operations	25,609	1,300	21,091	(2,744)
Depreciation and amortization	11,668	10,127	22,360	21,131
Total assets	$ 918,110	$ 775,551	$ 918,110	$ 775,551
Average headcount (employee) \| employee	4,582	3,916	4,422	3,823

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124433192&loc=SL2890621-112765

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
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- 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.

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REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 6,798,475	$ 5,532,726	$ 13,614,428	$ 10,336,595
NAST
Disaggregation of Revenue [Line Items]
Total revenues	4,147,046	3,585,481	8,261,935	6,796,904
Global Forwarding
Disaggregation of Revenue [Line Items]
Total revenues	2,093,190	1,450,794	4,287,587	2,606,833
All Other and Corporate
Disaggregation of Revenue [Line Items]
Total revenues	558,239	496,451	1,064,906	932,858
Transportation and logistics services
Disaggregation of Revenue [Line Items]
Total revenues	6,465,642	5,240,448	12,993,993	9,800,675
Transportation and logistics services \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	6,465,642	5,240,448	12,993,993	9,800,675
Transportation and logistics services \| NAST \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	4,147,046	3,585,481	8,261,935	6,796,904
Transportation and logistics services \| Global Forwarding \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	2,093,190	1,450,794	4,287,587	2,606,833
Transportation and logistics services \| All Other and Corporate \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	225,406	204,173	444,471	396,938
Sourcing
Disaggregation of Revenue [Line Items]
Total revenues	332,833	292,278	620,435	535,920
Sourcing \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	332,833	292,278	620,435	535,920
Sourcing \| NAST \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Sourcing \| Global Forwarding \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Sourcing \| All Other and Corporate \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	$ 332,833	$ 292,278	$ 620,435	$ 535,920

- 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.

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+ Details

LEASES - Lease Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LEASES - Lease Data (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2018
Lease Costs
Operating lease expense	$ 23,082	$ 21,459	$ 44,727	$ 43,021
Short-term lease expense	1,137	1,462	3,597	3,063
Total lease expense	$ 24,219	$ 22,921	48,324	46,084
Other Lease Information
Operating cash flows from operating leases			43,937	42,495
Right-of-use lease assets obtained in exchange for new lease liabilities			$ 87,554	$ 18,299
Lease Term and Discount Rate
Weighted average remaining lease term (in years)	6 years 6 months		6 years 6 months
Weighted average discount rate (percent)	3.00%		3.00%
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term, excluding Chicago office space (in years)			5 years 1 month 6 days
Chicago Office Space
Lessee, Lease, Description [Line Items]
Lease term (in years)					15 years

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Maturities of lease liabilities
Remaining 2022	$ 38,669
2023	84,653
2024	63,944
2025	47,866
2026	38,314
Thereafter	121,832
Total lease payments	395,278
Less: Interest	(41,273)
Present value of lease liabilities	$ 354,005

ALLOWANCE FOR CREDIT LOSSES (Details) $ in Thousands	6 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Rollforward of Allowance for Credit Loss
Allowance for credit loss, beginning balance	$ 41,542
Provision	(2,411)
Write-offs	(1,613)
Allowance for credit loss, ending balance	$ 37,518

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	$ 87,860		$ 87,860		$ 61,134
Other comprehensive income (loss)	$ (33,596)	$ (162)	$ (26,726)	$ (7,448)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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