Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Jul. 26, 2024
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-38054
Entity Registrant Name	Schneider National, Inc.
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1258315
Entity Address, Address Line One	3101 South Packerland Drive
Entity Address, City or Town	Green Bay
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54313
City Area Code	920
Local Phone Number	592-2000
Title of 12(b) Security	Class B common stock, no par value
Trading Symbol	SNDR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001692063
Current Fiscal Year End Date	--12-31
Class A Common Shares
Document Information
Entity Common Stock, Shares Outstanding		83,029,500
Class B Common Stock
Document Information
Entity Common Stock, Shares Outstanding		92,185,677

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Operating revenues	$ 1,316.7	$ 1,346.5	$ 2,635.7	$ 2,775.2
Operating expenses:
Purchased transportation	493.3	531.8	1,002.0	1,094.9
Salaries, wages, and benefits	352.3	325.5	707.4	663.3
Fuel and fuel taxes	100.7	96.8	208.4	209.8
Depreciation and amortization	102.5	93.2	205.3	185.0
Operating supplies and expenses—net	157.2	140.6	310.8	288.5
Insurance and related expenses	33.2	25.7	64.3	50.4
Other general expenses	26.5	29.1	57.8	64.9
Total operating expenses	1,265.7	1,242.7	2,556.0	2,556.8
Income from operations	51.0	103.8	79.7	218.4
Other expenses (income):
Interest income	(0.9)	(2.6)	(1.7)	(4.7)
Interest expense	4.3	2.4	8.3	6.8
Other expenses (income)—net	0.6	0.8	1.4	(16.2)
Total other expense (income)—net	4.0	0.6	8.0	(14.1)
Income before income taxes	47.0	103.2	71.7	232.5
Provision for income taxes	11.7	25.7	17.9	57.0
Net income	35.3	77.5	53.8	175.5
Other comprehensive income (loss):
Foreign currency translation adjustment—net	(0.4)	0.3	(0.4)	0.6
Net unrealized gains (losses) on marketable securities—net of tax	0.1	(0.4)	(0.1)	0.1
Total other comprehensive income (loss)—net	(0.3)	(0.1)	(0.5)	0.7
Comprehensive income	$ 35.0	$ 77.4	$ 53.3	$ 176.2
Weighted average common shares outstanding	175.5	178.1	175.7	178.1
Basic earnings per share	$ 0.20	$ 0.44	$ 0.31	$ 0.99
Weighted average diluted shares outstanding	175.8	178.7	176.2	178.9
Diluted earnings per share	$ 0.20	$ 0.43	$ 0.31	$ 0.98

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 103.2	$ 102.4
Marketable securities	54.0	57.2
Trade accounts receivable—net of allowance of $7.8 million and $15.0 million, respectively	551.7	575.7
Other receivables	39.5	61.9
Current portion of lease receivables—net of allowance of $0.9 million and $1.0 million, respectively	86.8	93.3
Inventories—net	91.1	117.9
Prepaid expenses and other current assets	124.1	102.5
Total current assets	1,050.4	1,110.9
Property and equipment:
Transportation equipment	3,850.2	3,781.0
Land, buildings, and improvements	228.6	226.1
Other property and equipment	182.8	180.2
Total property and equipment	4,261.6	4,187.3
Less accumulated depreciation	1,670.9	1,605.6
Net property and equipment	2,590.7	2,581.7
Lease receivables	132.2	130.2
Internal use software and other noncurrent assets	442.9	402.7
Goodwill	331.7	331.7
Total noncurrent assets	3,497.5	3,446.3
Total Assets	4,547.9	4,557.2
Current Liabilities:
Trade accounts payable	218.0	241.3
Accrued salaries, wages, and benefits	79.1	66.7
Claims accruals—current	112.1	89.2
Current maturities of debt and finance lease obligations	139.2	104.5
Other current liabilities	110.9	104.5
Total current liabilities	659.3	606.2
Noncurrent Liabilities:
Long-term debt and finance lease obligations	125.8	197.6
Claims accruals—noncurrent	130.4	92.7
Deferred income taxes	577.3	595.7
Other noncurrent liabilities	103.5	108.2
Total noncurrent liabilities	937.0	994.2
Total Liabilities	1,596.3	1,600.4
Shareholders’ Equity:
Additional paid-in capital	1,596.1	1,595.2
Retained earnings	1,452.1	1,431.9
Accumulated other comprehensive loss	(3.9)	(3.4)
Treasury stock, value	(92.7)	(66.9)
Total Shareholders' Equity	2,951.6	2,956.8
Total Liabilities and Shareholders’ Equity	4,547.9	4,557.2
Preferred Stock
Shareholders’ Equity:
Preferred stock	0.0	0.0
Class A Common Shares
Shareholders’ Equity:
Common stock	0.0	0.0
Class B Common Stock
Shareholders’ Equity:
Common stock	$ 0.0	$ 0.0

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net cash provided by operating activities
Net income	$ 53.8	$ 175.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	205.3	185.0
Gains on sales of property and equipment—net	(2.3)	(22.8)
Proceeds from lease receipts	31.1	38.8
Deferred income taxes	(18.4)	29.5
Long-term incentive and share-based compensation expense	5.2	8.9
(Gains) losses on investments in equity securities—net	0.2	(17.7)
Other noncash items—net	1.2	0.7
Changes in operating assets and liabilities:
Receivables	47.8	5.5
Other assets	(34.0)	(44.8)
Claims reserves and receivables—net	14.3	2.0
Payables	(37.8)	(36.0)
Other liabilities	13.8	(21.4)
Net cash provided by operating activities	280.2	303.2
Investing Activities:
Purchases of transportation equipment	(220.4)	(344.4)
Purchases of other property and equipment	(19.4)	(25.3)
Proceeds from sale of property and equipment	58.2	71.6
Proceeds from sale of off-lease inventory	21.8	13.7
Purchases of lease equipment	(20.9)	(54.1)
Proceeds from government grants	2.1	0.0
Proceeds from marketable securities	5.0	4.0
Purchases of marketable securities	(1.9)	(12.8)
Investments in equity securities and equity method investment	(0.1)	(6.8)
Investment in note receivable	(2.5)	(10.0)
Net cash used in investing activities	(178.1)	(364.1)
Financing Activities:
Proceeds from lines of credit	65.0	0.0
Repayments of lines of credit	(100.0)	0.0
Payments of debt and finance lease obligations	(2.3)	(1.7)
Dividends paid	(33.3)	(31.8)
Repurchases of common stock	(25.8)	(36.1)
Other financing activities	(4.9)	(6.0)
Net cash used in financing activities	(101.3)	(75.6)
Net increase (decrease) in cash and cash equivalents	0.8	(136.5)
Cash and Cash Equivalents:
Cash and cash equivalents, beginning balance	102.4	385.7
Cash and cash equivalents, ending balance	103.2	249.2
Noncash investing and financing activity:
Transportation and lease equipment purchases in accounts payable	23.3	47.8
Dividends declared but not yet paid	17.2	16.9
Sale of assets in exchange for notes receivable	1.5	0.0
Noncash equity method investment	0.0	3.3
Cash paid (refunded) during the period for:
Interest	7.8	4.1
Income taxes—net of refunds	$ (3.1)	$ 49.2

Consolidated Statements Shareholders' Equity - USD ($) $ in Millions	Total	Class A Common Shares	Class B Common Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance at Dec. 31, 2022	$ 2,837.2			$ 0.0	$ 1,584.4	$ 1,257.8	$ (5.0)	$ 0.0
Increase (Decrease) in Stockholders' Equity
Net income	98.0			0.0	0.0	98.0	0.0	0.0
Other comprehensive (loss) income	0.8			0.0	0.0	0.0	0.8	0.0
Share-based compensation expense	5.1			0.0	5.1	0.0	0.0	0.0
Dividends declared per share		$ 0.09	$ 0.09
Dividends declared	(16.4)			0.0	0.0	(16.4)	0.0	0.0
Share issuances	0.1			0.0	0.1	0.0	0.0	0.0
Exercise of employee stock options	0.1			0.0	0.1	0.0	0.0	0.0
Shares withheld for employee taxes	(6.1)			0.0	(6.1)	0.0	0.0	0.0
Balance at Mar. 31, 2023	2,918.8			0.0	1,583.6	1,339.4	(4.2)	0.0
Balance at Dec. 31, 2022	2,837.2			0.0	1,584.4	1,257.8	(5.0)	0.0
Increase (Decrease) in Stockholders' Equity
Net income	175.5
Balance at Jun. 30, 2023	2,948.4			0.0	1,588.0	1,400.8	(4.3)	(36.1)
Balance at Mar. 31, 2023	2,918.8			0.0	1,583.6	1,339.4	(4.2)	0.0
Increase (Decrease) in Stockholders' Equity
Net income	77.5			0.0	0.0	77.5	0.0	0.0
Other comprehensive (loss) income	(0.1)			0.0	0.0	0.0	(0.1)	0.0
Share-based compensation expense	4.4			0.0	4.4	0.0	0.0	0.0
Dividends declared per share		0.09	0.09
Dividends declared	(16.1)			0.0	0.0	(16.1)	0.0	0.0
Repurchases of common stock	(36.1)			0.0	0.0	0.0	0.0	(36.1)
Balance at Jun. 30, 2023	2,948.4			0.0	1,588.0	1,400.8	(4.3)	(36.1)
Balance at Dec. 31, 2023	2,956.8			0.0	1,595.2	1,431.9	(3.4)	(66.9)
Increase (Decrease) in Stockholders' Equity
Net income	18.5			0.0	0.0	18.5	0.0	0.0
Other comprehensive (loss) income	(0.2)			0.0	0.0	0.0	(0.2)	0.0
Share-based compensation expense	1.5			0.0	1.5	0.0	0.0	0.0
Dividends declared per share		0.095	0.095
Dividends declared	(16.7)			0.0	0.0	(16.7)	0.0	0.0
Repurchases of common stock	(13.0)			0.0	0.0	0.0	0.0	(13.0)
Exercise of employee stock options	1.5			0.0	1.5	0.0	0.0	0.0
Shares withheld for employee taxes	(6.4)			0.0	(6.4)	0.0	0.0	0.0
Balance at Mar. 31, 2024	2,942.0			0.0	1,591.8	1,433.7	(3.6)	(79.9)
Balance at Dec. 31, 2023	2,956.8			0.0	1,595.2	1,431.9	(3.4)	(66.9)
Increase (Decrease) in Stockholders' Equity
Net income	53.8
Balance at Jun. 30, 2024	2,951.6			0.0	1,596.1	1,452.1	(3.9)	(92.7)
Balance at Mar. 31, 2024	2,942.0			0.0	1,591.8	1,433.7	(3.6)	(79.9)
Increase (Decrease) in Stockholders' Equity
Net income	35.3			0.0	0.0	35.3	0.0	0.0
Other comprehensive (loss) income	(0.3)			0.0	0.0	0.0	(0.3)	0.0
Share-based compensation expense	4.3			0.0	4.3	0.0	0.0	0.0
Dividends declared per share		$ 0.095	$ 0.095
Dividends declared	(16.9)			0.0	0.0	(16.9)	0.0	0.0
Repurchases of common stock	(12.8)			0.0	0.0	0.0	0.0	(12.8)
Balance at Jun. 30, 2024	$ 2,951.6			$ 0.0	$ 1,596.1	$ 1,452.1	$ (3.9)	$ (92.7)

Consolidated Balance Sheets (Unaudited) - Parenthetical - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Trade accounts receivable allowance	$ 7.8	$ 15.0
Lease receivables allowance	$ 0.9	$ 1.0
Preferred Stock
Preferred stock, par value (usd per share)	$ 0	$ 0
Preferred stock, shares authorized (shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (shares)	0	0
Preferred stock, shares issued (shares)	0	0
Class A Common Shares
Common stock, par value (usd per share)	$ 0	$ 0
Common stock, shares authorized (shares)	250,000,000	250,000,000
Common stock, shares outstanding (shares)	83,029,500	83,029,500
Common stock, shares issued (shares)	83,029,500	83,029,500
Class B Common Stock
Common stock, par value (usd per share)	$ 0	$ 0
Common stock, shares authorized (shares)	750,000,000	750,000,000
Common stock, shares outstanding (shares)	92,301,573	92,931,242
Common stock, shares issued (shares)	95,965,392	95,796,669
Treasury Stock
Treasury stock, common, shares	3,649,140	2,505,267

General	6 Months Ended
General	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	GENERAL Nature of Operations Schneider National, Inc. and its subsidiaries (together “Schneider,” the “Company,” “we,” “us,” or “our”) are among the largest providers of surface transportation and logistics solutions in North America. We offer a multimodal portfolio of services and an array of capabilities and resources that leverage artificial intelligence, data science, and analytics to provide innovative solutions that coordinate the timely, safe, and effective movement of customer products. The Company offers truckload, intermodal, and logistics services to a diverse customer base throughout the continental U.S., Canada, and Mexico. Principles of Consolidation and Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in conformity with GAAP and the rules and regulations of the SEC applicable to quarterly reports on Form 10-Q. Therefore, these consolidated financial statements and footnotes do not include all disclosures required by GAAP for annual financial statements and should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2023. Financial results for an interim period are not necessarily indicative of the results for a full year. All intercompany transactions have been eliminated in consolidation. In the opinion of management, these statements reflect all adjustments (consisting only of normal, recurring adjustments) necessary for the fair presentation of our financial results for the interim periods presented. New Accounting Pronouncements On November 27, 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. This ASU provides additional guidance on reportable segment disclosures, including information on significant segment expenses and other items provided to the CODM by reportable segment and the title and position of the CODM. Additionally, annual segment disclosures currently reported under ASC 280 are now required for all interim periods. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We believe this standard will impact our disclosures but will not impact our consolidated financial statements. On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures. This ASU expands the disclosures related to rate reconciliations by requiring entities to disclose items meeting a quantitative threshold and eight categories. The standard is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We believe this standard will impact our disclosures but will not impact our consolidated financial statements.

Business Combinations and Asset Acquisitions

3 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisitions

ACQUISITIONS

M&M Transport Services, LLC

On August 1, 2023 (“Acquisition Date”), we acquired 100% of the membership interest in M&M for $243.8 million, inclusive of cash and other working capital adjustments. M&M is a dedicated trucking company located primarily in New England with nearly 500 tractors and 1,900 trailers which we believe complements our dedicated operations.

The acquisition of M&M was accounted for under the acquisition method of accounting, which requires that assets acquired and liabilities assumed be recognized on the consolidated balance sheets at their fair values as of the Acquisition Date. These inputs represent Level 3 measurements in the fair value hierarchy and required significant judgments and estimates at the time of valuation. Fair value estimates of acquired transportation equipment were based on an independent appraisal, giving consideration to the highest and best use of the assets with key assumptions based on the market approach. The assistance of an independent third-party valuation firm was used to determine the estimated fair values and useful lives of finite-lived intangible assets including customer relationships and trademarks. Valuation methods used were the multi-period excess earnings method and relief from royalty method for customer relationships and trademarks, respectively. Non-compete agreements were recorded based on amount paid at closing.

The excess of the purchase price over the estimated fair values of assets acquired and liabilities assumed was recorded as goodwill within the Truckload reporting segment. The goodwill is attributable to expected synergies and growth opportunities within our dedicated business and is expected to be deductible for tax purposes.

Acquisition-related costs, which consist of fees incurred for advisory, legal, and accounting services, were not material and were included in other general expenses in the Company’s consolidated statements of comprehensive income for the three and six months ended June 30, 2024.

The following table summarizes the final purchase price allocation for M&M, including adjustments during the measurement period.


Recognized amounts of identifiable assets acquired and liabilities assumed (in millions)	August 1, 2023 Opening Balance Sheet		Adjustments		Adjusted August 1, 2023 Opening Balance sheet
Cash and cash equivalents	$	3.6	$	—	$	3.6
Trade accounts receivable—net of allowance	15.1		—		15.1
Prepaid expenses and other current assets	3.0		—		3.0
Net property and equipment	77.8		—		77.8
Internal use software and other noncurrent assets	56.9		0.5		57.4
Goodwill	104.6		(1.1)		103.5
Total assets acquired	261.0		(0.6)		260.4

Trade accounts payable	1.4		—		1.4
Accrued salaries, wages, and benefits	5.3		—		5.3
Claims accruals—current	1.8		—		1.8
Other current liabilities	4.2		(1.3)		2.9
Other noncurrent liabilities	5.2		—		5.2
Total liabilities assumed	17.9		(1.3)		16.6

Net assets acquired	$	243.1	$	0.7	$	243.8

The above adjustments made during the measurement period were primarily related to working capital, accrued taxes, and intangible assets. No material adjustments were made during the three and six months ended June 30, 2024.

The following unaudited pro forma revenues give effect to the acquisition had it been effective January 1, 2023. Combined unaudited pro forma operating revenues of the Company and M&M would have been approximately $1,376.8 million and $2,836.3 million during the three and six months ended June 30, 2023, respectively, and our earnings for the same periods would not have been materially different.

Leases (Notes)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Finance Leases

LEASES

As Lessee

We lease real estate and equipment under operating and finance leases. Our real estate operating leases include operating centers, distribution warehouses, offices, and drop yards. Our non-real estate operating and finance leases include transportation, office, yard, warehouse, and other equipment, in addition to truck washes. The majority of our leases include an option to extend the lease, and a small number include an option to terminate the lease early, which may include a termination payment.

In conjunction with our acquisition of M&M, the Company entered into nine related party leases. The leases are for the use of shop, warehouse, office, and drop yard locations throughout the country. The leases run through 2026, and the related lease payments are not material.

Additional information related to our leases is as follows:


	Six Months Ended June 30,
(in millions)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	19.6	$	18.0
Operating cash flows for finance leases	0.3		0.2
Financing cash flows for finance leases	2.2		1.7

Right-of-use assets obtained in exchange for new lease liabilities
Operating leases	$	16.7	$	29.8
Finance leases	0.2		2.7

As of June 30, 2024, we had a signed lease that had not yet commenced totaling $0.1 million. The lease will commence in August 2024 and have a lease term of three years.

As Lessor

We finance various types of transportation-related equipment for independent third parties under lease contracts, which are generally for one to three years and are accounted for as sales-type leases with fully guaranteed residual values. Our leases contain an option for the lessee to return, extend, or purchase the equipment at the end of the lease term for the guaranteed contract residual amount. This contract residual amount is estimated to approximate the fair value of the equipment. Lease payments primarily include base rentals and guaranteed residual values.

As of June 30, 2024 and December 31, 2023, investments in lease receivables were as follows:


(in millions)	June 30, 2024		December 31, 2023
Future minimum payments to be received on leases	$	165.0	$	161.8
Guaranteed residual lease values	98.0		103.9
Total minimum lease payments to be received	263.0		265.7
Unearned income	(44.0)		(42.2)
Net investment in leases	$	219.0	$	223.5

Prior to entering a lease contract, we assess the credit quality of the potential lessee using credit checks and other relevant factors, ensuring that the inherent credit risk is consistent with our existing lease portfolio. Given our leases have fully guaranteed residual values and we can take possession of the transportation-related equipment in the event of default, we do not categorize net investment in leases by different credit quality indicators upon origination. We monitor our lease portfolio weekly by tracking amounts past due, days past due, and outstanding maintenance account balances, including performing subsequent credit checks as needed. Our net investment in leases with any portion past due as of June 30, 2024 was $55.9 million, which includes both current and future lease payments. Lease payments on our lease receivables are generally due on a weekly basis and are classified as past due when the weekly payment is not received by its due date. As of June 30, 2024, our lease payments past due were $3.0 million.

The table below provides additional information on our sales-type leases. Revenue and cost of goods sold are recorded in operating revenues and operating supplies and expenses—net in the consolidated statements of comprehensive income, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2024		2023		2024		2023
Revenue	$	60.1	$	49.8	$	118.0	$	110.6
Cost of goods sold	(54.1)		(42.0)		(104.9)		(93.4)
Operating profit	$	6.0	$	7.8	$	13.1	$	17.2

Interest income on lease receivable	$	7.8	$	9.3	$	15.5	$	18.7

Operating Leases

LEASES

As Lessee

We lease real estate and equipment under operating and finance leases. Our real estate operating leases include operating centers, distribution warehouses, offices, and drop yards. Our non-real estate operating and finance leases include transportation, office, yard, warehouse, and other equipment, in addition to truck washes. The majority of our leases include an option to extend the lease, and a small number include an option to terminate the lease early, which may include a termination payment.

In conjunction with our acquisition of M&M, the Company entered into nine related party leases. The leases are for the use of shop, warehouse, office, and drop yard locations throughout the country. The leases run through 2026, and the related lease payments are not material.

Additional information related to our leases is as follows:


	Six Months Ended June 30,
(in millions)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	19.6	$	18.0
Operating cash flows for finance leases	0.3		0.2
Financing cash flows for finance leases	2.2		1.7

Right-of-use assets obtained in exchange for new lease liabilities
Operating leases	$	16.7	$	29.8
Finance leases	0.2		2.7

As of June 30, 2024, we had a signed lease that had not yet commenced totaling $0.1 million. The lease will commence in August 2024 and have a lease term of three years.

As Lessor

We finance various types of transportation-related equipment for independent third parties under lease contracts, which are generally for one to three years and are accounted for as sales-type leases with fully guaranteed residual values. Our leases contain an option for the lessee to return, extend, or purchase the equipment at the end of the lease term for the guaranteed contract residual amount. This contract residual amount is estimated to approximate the fair value of the equipment. Lease payments primarily include base rentals and guaranteed residual values.

As of June 30, 2024 and December 31, 2023, investments in lease receivables were as follows:


(in millions)	June 30, 2024		December 31, 2023
Future minimum payments to be received on leases	$	165.0	$	161.8
Guaranteed residual lease values	98.0		103.9
Total minimum lease payments to be received	263.0		265.7
Unearned income	(44.0)		(42.2)
Net investment in leases	$	219.0	$	223.5

Prior to entering a lease contract, we assess the credit quality of the potential lessee using credit checks and other relevant factors, ensuring that the inherent credit risk is consistent with our existing lease portfolio. Given our leases have fully guaranteed residual values and we can take possession of the transportation-related equipment in the event of default, we do not categorize net investment in leases by different credit quality indicators upon origination. We monitor our lease portfolio weekly by tracking amounts past due, days past due, and outstanding maintenance account balances, including performing subsequent credit checks as needed. Our net investment in leases with any portion past due as of June 30, 2024 was $55.9 million, which includes both current and future lease payments. Lease payments on our lease receivables are generally due on a weekly basis and are classified as past due when the weekly payment is not received by its due date. As of June 30, 2024, our lease payments past due were $3.0 million.

The table below provides additional information on our sales-type leases. Revenue and cost of goods sold are recorded in operating revenues and operating supplies and expenses—net in the consolidated statements of comprehensive income, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2024		2023		2024		2023
Revenue	$	60.1	$	49.8	$	118.0	$	110.6
Cost of goods sold	(54.1)		(42.0)		(104.9)		(93.4)
Operating profit	$	6.0	$	7.8	$	13.1	$	17.2

Interest income on lease receivable	$	7.8	$	9.3	$	15.5	$	18.7

Sales-type Leases

LEASES

As Lessee

We lease real estate and equipment under operating and finance leases. Our real estate operating leases include operating centers, distribution warehouses, offices, and drop yards. Our non-real estate operating and finance leases include transportation, office, yard, warehouse, and other equipment, in addition to truck washes. The majority of our leases include an option to extend the lease, and a small number include an option to terminate the lease early, which may include a termination payment.

In conjunction with our acquisition of M&M, the Company entered into nine related party leases. The leases are for the use of shop, warehouse, office, and drop yard locations throughout the country. The leases run through 2026, and the related lease payments are not material.

Additional information related to our leases is as follows:


	Six Months Ended June 30,
(in millions)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	19.6	$	18.0
Operating cash flows for finance leases	0.3		0.2
Financing cash flows for finance leases	2.2		1.7

Right-of-use assets obtained in exchange for new lease liabilities
Operating leases	$	16.7	$	29.8
Finance leases	0.2		2.7

As of June 30, 2024, we had a signed lease that had not yet commenced totaling $0.1 million. The lease will commence in August 2024 and have a lease term of three years.

As Lessor

We finance various types of transportation-related equipment for independent third parties under lease contracts, which are generally for one to three years and are accounted for as sales-type leases with fully guaranteed residual values. Our leases contain an option for the lessee to return, extend, or purchase the equipment at the end of the lease term for the guaranteed contract residual amount. This contract residual amount is estimated to approximate the fair value of the equipment. Lease payments primarily include base rentals and guaranteed residual values.

As of June 30, 2024 and December 31, 2023, investments in lease receivables were as follows:


(in millions)	June 30, 2024		December 31, 2023
Future minimum payments to be received on leases	$	165.0	$	161.8
Guaranteed residual lease values	98.0		103.9
Total minimum lease payments to be received	263.0		265.7
Unearned income	(44.0)		(42.2)
Net investment in leases	$	219.0	$	223.5

Prior to entering a lease contract, we assess the credit quality of the potential lessee using credit checks and other relevant factors, ensuring that the inherent credit risk is consistent with our existing lease portfolio. Given our leases have fully guaranteed residual values and we can take possession of the transportation-related equipment in the event of default, we do not categorize net investment in leases by different credit quality indicators upon origination. We monitor our lease portfolio weekly by tracking amounts past due, days past due, and outstanding maintenance account balances, including performing subsequent credit checks as needed. Our net investment in leases with any portion past due as of June 30, 2024 was $55.9 million, which includes both current and future lease payments. Lease payments on our lease receivables are generally due on a weekly basis and are classified as past due when the weekly payment is not received by its due date. As of June 30, 2024, our lease payments past due were $3.0 million.

The table below provides additional information on our sales-type leases. Revenue and cost of goods sold are recorded in operating revenues and operating supplies and expenses—net in the consolidated statements of comprehensive income, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2024		2023		2024		2023
Revenue	$	60.1	$	49.8	$	118.0	$	110.6
Cost of goods sold	(54.1)		(42.0)		(104.9)		(93.4)
Operating profit	$	6.0	$	7.8	$	13.1	$	17.2

Interest income on lease receivable	$	7.8	$	9.3	$	15.5	$	18.7

Revenue Recognition

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

REVENUE RECOGNITION

Disaggregated Revenues

The majority of our revenues are related to transportation and have similar characteristics. Beginning on August 1, 2023, M&M revenues are included within Transportation revenues, consistent with the remainder of our Truckload segment. The following table summarizes our revenues by type of service.


	Three Months Ended June 30,				Six Months Ended June 30,
Disaggregated Revenues (in millions)	2024		2023		2024		2023
Transportation	$	1,211.7	$	1,253.1	$	2,429.1	$	2,570.1
Logistics Management	51.3		40.9		101.9		90.7
Other	53.7		52.5		104.7		114.4
Total operating revenues	$	1,316.7	$	1,346.5	$	2,635.7	$	2,775.2

Quantitative Disclosure

The following table provides information related to transactions and expected timing of revenue recognition for performance obligations that are fixed in nature and relate to contracts with terms greater than one year as of the date shown.


Remaining Performance Obligations (in millions)	June 30, 2024
Expected to be recognized within one year
Transportation	$	31.8
Logistics Management	14.0
Expected to be recognized after one year
Transportation	41.4
Logistics Management	10.7
Total	$	97.9

This disclosure does not include revenues related to performance obligations that are part of a contract with an original expected duration of one year or less, nor does it include expected consideration related to performance obligations for which the Company elects to recognize revenue in the amount it has a right to invoice (e.g., usage-based pricing terms).

The following table provides information related to contract balances associated with our contracts with customers as of the dates shown.


Contract Balances (in millions)	June 30, 2024		December 31, 2023
Other current assets—Contract assets	$	28.3	$	23.7

We generally receive payment within 40 days of completion of performance obligations. Contract assets in the table above relate to revenue in transit at the end of the reporting period. We had no contract liabilities related to amounts customers paid in advance of the associated services as of June 30, 2024 and December 31, 2023.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXESOur effective income tax rate was 25.0% and 24.9% for the three months ended June 30, 2024 and 2023, respectively, and 25.0% and 24.5% for the six months ended June 30, 2024 and 2023, respectively. In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate adjusted for discrete items. This rate is based on our expected annual income, statutory tax rates, and best estimates of nontaxable and nondeductible income and expense items.

Share-based Compensation	6 Months Ended
Share-based Compensation	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement	SHARE-BASED COMPENSATION We grant various equity-based awards relating to Class B common stock to employees under our 2017 Omnibus Incentive Plan (“the Plan”). These awards have historically consisted of restricted shares, RSUs, performance-based restricted shares (“performance shares”), PSUs, and non-qualified stock options. Performance shares and PSUs granted are earned based on attainment of threshold performance of earnings and return on capital targets, in addition to a multiplier applied based on rTSR against peers over the performance period. Share-based compensation expense was $3.9 million and $4.1 million for the three months ended June 30, 2024 and 2023, respectively, and $5.1 million and $8.9 million for the six months ended June 30, 2024 and 2023, respectively. We recognize share-based compensation expense over the awards’ vesting period. As of June 30, 2024, we had $24.4 million of pre-tax unrecognized compensation cost related to outstanding share-based compensation awards expected to be recognized over a weighted average period of 1.9 years.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In the ordinary course of conducting our business, we become involved in certain legal matters and investigations including liability claims, taxes other than income taxes, contract disputes, employment, and other litigation matters. We accrue for anticipated costs to resolve matters that are probable and estimable. We believe the outcomes of these matters will not have a material impact on our business or our consolidated financial statements. We record liabilities for claims against the Company based on our best estimate of expected losses. The primary claims arising for the Company through its trucking, intermodal, and logistics operations consist of accident-related claims for personal injury, collision, and comprehensive compensation, in addition to workers’ compensation, property damage, cargo, and wage and benefit claims. We maintain excess liability insurance with licensed insurance carriers for liability in excess of amounts we self-insure, which serves to largely offset the Company’s liability associated with these claims, with the exception of wage and benefit claims for which we self-insure. We review our accruals periodically to ensure that the aggregate amounts of our accruals are appropriate at any period after consideration of available insurance coverage. Although we expect that our claims accruals will continue to vary based on future developments, assuming that we are able to continue to obtain and maintain excess liability insurance coverage for such claims, we do not anticipate that such accruals will, in any period, materially impact our operating results. As of June 30, 2024, our firm commitments to purchase transportation equipment totaled $156.8 million. During the first quarter of 2022, the Company recorded a $5.2 million charge as a result of adverse audit assessments by a state tax authority over the applicability of sales tax for prior periods on rolling stock equipment used within that state. The Company filed a request for appeal of the audit assessment with the state jurisdiction, and during the second quarter of 2023, a ruling was made in favor of the state resulting in an additional $2.9 million in interest and penalties being recorded by the Company to cover all periods audited. The Company filed a petition request with the state Appellate Tax Board in January 2024 covering periods at appeals. The initial charge, as well as the additional interest and penalties incurred were recorded within operating supplies and expenses—net on the consolidated statements of comprehensive income.

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 35.3	$ 18.5	$ 77.5	$ 98.0	$ 53.8	$ 175.5

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

General (Policies)	6 Months Ended
General (Policies)	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Schneider National, Inc. and its subsidiaries (together “Schneider,” the “Company,” “we,” “us,” or “our”) are among the largest providers of surface transportation and logistics solutions in North America. We offer a multimodal portfolio of services and an array of capabilities and resources that leverage artificial intelligence, data science, and analytics to provide innovative solutions that coordinate the timely, safe, and effective movement of customer products. The Company offers truckload, intermodal, and logistics services to a diverse customer base throughout the continental U.S., Canada, and Mexico.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in conformity with GAAP and the rules and regulations of the SEC applicable to quarterly reports on Form 10-Q. Therefore, these consolidated financial statements and footnotes do not include all disclosures required by GAAP for annual financial statements and should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2023. Financial results for an interim period are not necessarily indicative of the results for a full year. All intercompany transactions have been eliminated in consolidation. In the opinion of management, these statements reflect all adjustments (consisting only of normal, recurring adjustments) necessary for the fair presentation of our financial results for the interim periods presented.
New Accounting Pronouncements	New Accounting Pronouncements On November 27, 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures. This ASU provides additional guidance on reportable segment disclosures, including information on significant segment expenses and other items provided to the CODM by reportable segment and the title and position of the CODM. Additionally, annual segment disclosures currently reported under ASC 280 are now required for all interim periods. This standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. We believe this standard will impact our disclosures but will not impact our consolidated financial statements. On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures. This ASU expands the disclosures related to rate reconciliations by requiring entities to disclose items meeting a quantitative threshold and eight categories. The standard is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. We believe this standard will impact our disclosures but will not impact our consolidated financial statements.

Business Combinations Asset Acquisition - Assets and Liabilties (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Aug. 01, 2023
Business Acquisition
Goodwill	$ 331.7	$ 331.7
M&M Transport Services, Inc.
Business Acquisition
Cash and cash equivalents	3.6		$ 3.6
Trade accounts receivable-net of allowance	15.1		15.1
Prepaid expenses and other current assets	3.0		3.0
Net property and equipment	77.8		77.8
Internal use software and other noncurrent assets	57.4		56.9
Goodwill	103.5		104.6
Total assets acquired	260.4		261.0
Trade accounts payable	1.4		1.4
Accrued salaries, wages, and benefits	5.3		5.3
Claims accruals	1.8		1.8
Other current liabilities	2.9		4.2
Other noncurrent liabilities	5.2		5.2
Total liabilities assumed	16.6		17.9
Net assets acquired	243.8		$ 243.1
M&M Transport Services, Inc. \| Purchase price adjustments
Business Acquisition
Cash and cash equivalents	0.0
Trade accounts receivable-net of allowance	0.0
Prepaid expenses and other current assets	0.0
Net property and equipment	0.0
Internal use software and other noncurrent assets	0.5
Goodwill	(1.1)
Total assets acquired	(0.6)
Trade accounts payable	0.0
Accrued salaries, wages, and benefits	0.0
Claims accruals	0.0
Other current liabilities	(1.3)
Other noncurrent liabilities	0.0
Total liabilities assumed	(1.3)
Net assets acquired	$ 0.7

Business Combinations and Asset Acquisitions- Acquisition Details (Details) - M&M Transport Services, Inc. - USD ($) $ in Millions		3 Months Ended	6 Months Ended
	Aug. 01, 2023	Jun. 30, 2023	Jun. 30, 2023
Business Acquisition
Date of acquisition	Aug. 01, 2023
Percentage of business acquired	100.00%
Fair value of consideration transferred	$ 243.8
Pro forma operating revenues		$ 1,376.8	$ 2,836.3

Leases - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Leases - Lessee
Leases not yet commenced	$ 0.1
Leases - Lessor
Lease payments	263.0	$ 265.7
Past due
Leases - Lessor
Lease payments	3.0
Past Due
Leases - Lessor
Net investment in leases	$ 55.9
Minimum
Leases - Lessor
Terms of sales-type lease	1 year
Maximum
Leases - Lessee
Lease terms of leases not yet commenced	3 years
Leases - Lessor
Terms of sales-type lease	3 years

Leases - Summary of Investment in Lease Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Future minimum payments to be received on leases	$ 165.0	$ 161.8
Guaranteed residual lease values	98.0	103.9
Total minimum lease payments to be received	263.0	265.7
Unearned income	(44.0)	(42.2)
Net investment in leases	$ 219.0	$ 223.5

Revenue Recognition - Revenue Remaining Performance Obligation (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligation	$ 97.9
Expected to be recognized within one year \| Transportation
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligation	31.8
Expected to be recognized within one year \| Logistics Management
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligation	14.0
Expected to be recognized after one year \| Transportation
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligation	41.4
Expected to be recognized after one year \| Logistics Management
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligation	$ 10.7

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 28.3	$ 23.7

Fair Value - Recurring Fair Value Measurements (Details) - Recurring fair value measurements - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Level 1 inputs
Fair Value, Assets Measured on Recurring Basis
Fair value of equity investment in TuSimple	$ 0.1	$ 0.3
Level 2 inputs
Fair Value, Assets Measured on Recurring Basis
Fair value of marketable securities	$ 54.0	$ 57.2

Fair Value - Debt Portfolio (Details) - Unsecured Senior Notes - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument
Total principal outstanding	$ 185.0	$ 185.0
Level 2 inputs
Debt Instrument
Fair value of debt	$ 183.4	$ 183.2

Investments - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Other Investments
Credit loss allowance	$ 0.0	$ 0.0
Value of investments without readily determinable fair values	121.8	$ 121.8
Mastery Logistics \| Notes receivable
Other Investments
Notes receivable	10.0		$ 10.0
Platform Science Inc. \| Notes receivable
Other Investments
Notes receivable	$ 2.5

Investments - Schedule of Marketable Securities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Available for Sale Debt Securities
Amortized cost	$ 57.3	$ 60.4
US treasury and government agencies
Available for Sale Debt Securities
Amortized cost	25.0	24.9
Corporate debt securities
Available for Sale Debt Securities
Amortized cost	17.9	20.0
State and municipal bonds
Available for Sale Debt Securities
Amortized cost	14.4	15.5
Current asset
Available for Sale Debt Securities
Fair value	54.0	57.2
Current asset \| US treasury and government agencies
Available for Sale Debt Securities
Fair value	22.8	22.9
Current asset \| Corporate debt securities
Available for Sale Debt Securities
Fair value	17.3	19.2
Current asset \| State and municipal bonds
Available for Sale Debt Securities
Fair value	$ 13.9	$ 15.1
Minimum \| US treasury and government agencies
Available for Sale Debt Securities
Maturity date	Nov. 30, 2024
Minimum \| Corporate debt securities
Available for Sale Debt Securities
Maturity date	Jul. 26, 2024
Minimum \| State and municipal bonds
Available for Sale Debt Securities
Maturity date	Mar. 01, 2025
Maximum \| US treasury and government agencies
Available for Sale Debt Securities
Maturity date	Feb. 15, 2031
Maximum \| Corporate debt securities
Available for Sale Debt Securities
Maturity date	Apr. 01, 2033
Maximum \| State and municipal bonds
Available for Sale Debt Securities
Maturity date	Oct. 01, 2038

Investments - Equity Method Investment (Details) $ in Millions	Jun. 30, 2024 USD ($)
Other Investments
Investment in equity method investment	$ 5.0
Equity Method Investments	$ 4.8
Scope 23
Other Investments
Ownership interest in investment	50.00%

Intangibles- Schedule of Changes in Carrying Amount of Intangibles (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets
Gross carrying amount	$ 59.8	$ 59.8
Accumulated amortization	6.3	3.7
Net carrying amount	$ 53.5	56.1
M&M Transport Services, Inc.
Finite-Lived Intangible Assets
Weighted average useful life	13 years 10 months 24 days
Customer Relationships
Finite-Lived Intangible Assets
Gross carrying amount	$ 43.5	43.5
Accumulated amortization	3.3	1.8
Net carrying amount	$ 40.2	41.7
Customer Relationships \| M&M Transport Services, Inc.
Finite-Lived Intangible Assets
Weighted average useful life	15 years
Trademarks
Finite-Lived Intangible Assets
Gross carrying amount	$ 10.9	10.9
Accumulated amortization	2.0	1.5
Net carrying amount	$ 8.9	9.4
Trademarks \| M&M Transport Services, Inc.
Finite-Lived Intangible Assets
Weighted average useful life	15 years
Noncompete Agreements
Finite-Lived Intangible Assets
Gross carrying amount	$ 5.4	5.4
Accumulated amortization	1.0	0.4
Net carrying amount	$ 4.4	$ 5.0
Noncompete Agreements \| M&M Transport Services, Inc.
Finite-Lived Intangible Assets
Weighted average useful life	5 years

Intangibles- Future Amortization Expense (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets
Remaining 2024	$ 2.4
2025	5.0
2026	5.0
2027	5.0
2028	4.6
2029 and thereafter	31.5
Net carrying amount	$ 53.5	$ 56.1

Goodwill - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Goodwill
Goodwill	$ 331.7	$ 331.7
Accumulated goodwill impairment charge	34.6	34.6
Truckload
Goodwill
Goodwill	317.5	317.5
Logistics
Goodwill
Goodwill	$ 14.2	$ 14.2

Income Taxes - Additional Information (Details)	3 Months Ended		6 Months Ended
Income Taxes - Additional Information (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	25.00%	24.90%	25.00%	24.50%

Common Equity - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended				6 Months Ended
	Jul. 29, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jan. 31, 2023
Class of Stock
Anti-dilutive share-based awards and options excluded from computation of diluted earnings per share		0.7		0.3		0.3	0.5
Stock repurchase program - amount authorized									$ 150.0
Treasury stock, value		$ 92.7				$ 92.7		$ 66.9
Repurchase Program 2023
Class of Stock
Treasury stock, value		$ 91.9				$ 91.9
Class A Common Shares
Class of Stock
Dividends declared per share		$ 0.095	$ 0.095	$ 0.09	$ 0.09
Class A Common Shares \| Subsequent Event \| Quarterly Dividend Declared
Class of Stock
Dividends declared per share	$ 0.095
Class B Common Stock
Class of Stock
Dividends declared per share		$ 0.095	$ 0.095	$ 0.09	$ 0.09
Class B Common Stock \| Subsequent Event \| Quarterly Dividend Declared
Class of Stock
Dividends declared per share	$ 0.095

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments to purchase transportation equipment			$ 156.8
Loss Contingencies
Loss contingency expense	$ 2.9	$ 5.2

Segment Reporting - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Segment	Jun. 30, 2023 USD ($)
Segment Reporting Information
Number of reportable segments \| Segment			3
Operating revenues	$ 1,316.7	$ 1,346.5	$ 2,635.7	$ 2,775.2
Other \| Other Insurance
Segment Reporting Information
Operating revenues	$ 24.4	$ 16.2	$ 49.6	$ 34.4