{"meta":{"as_of":"2026-09-26","revision":12,"skeleton":false,"compiled_at":"2026-09-26T11:16:24.472147+00:00","extract_url":null,"extract_form":null,"authored_hash":"7c028fa8d9212d02d6fd96f08b36e2b4","extract_filed":null,"extract_source":"authored","generated_hash":"fc0f0f530b9be4060388fbf4d57956fc","research_stage":"operating_scenarios","business_authored":true,"extract_accession":null,"research_reviewed_at":"2026-09-20"},"model":{"entity":"J.B. HUNT TRANSPORT SERVICES, INC.","source":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","quarters":[{"cfo":{"value":338499000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":163116000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":120002000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2024-10-25","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-24-032122","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":175383000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3068171000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":152066000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"NetIncomeLoss","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2024-09-30","eps_diluted":{"value":1.49,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"EarningsPerShareDiluted","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2024Q3","gross_profit":null,"debt_long_term":{"value":1032303000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2024-10-25","concept":"LongTermDebtNoncurrent","accession":"0001437749-24-032122","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":102135000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":224108000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"OperatingIncomeLoss","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":317636000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":93346000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":46983000.0,"provenance":{"form":"10-K","class":"reported","filed":"2026-02-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":224290000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3146347000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":155454000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetIncomeLoss","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2024-12-31","eps_diluted":null,"fiscal_label":"2024Q4","gross_profit":null,"debt_long_term":{"value":977702000.0,"provenance":{"form":"10-K","class":"reported","filed":"2026-02-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":null,"operating_income":{"value":207039000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":404192000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":158380000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-04-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":43407000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-04-25","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-25-013085","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":245812000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":2921392000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":117740000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"NetIncomeLoss","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2025-03-31","eps_diluted":{"value":1.17,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"EarningsPerShareDiluted","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2025Q1","gross_profit":null,"debt_long_term":{"value":880243000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-04-25","concept":"LongTermDebtNoncurrent","accession":"0001437749-25-013085","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":100489000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":178680000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":402053000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":185574000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":50901000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-07-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-25-023379","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":216479000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":2928181000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":128624000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"NetIncomeLoss","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2025-06-30","eps_diluted":{"value":1.31,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"EarningsPerShareDiluted","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2025Q2","gross_profit":null,"debt_long_term":{"value":1019925000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-07-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-25-023379","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":97976000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":197274000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":486429000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":352357000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":52290000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":134072000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2025-10-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3052897000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":170849000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"NetIncomeLoss","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2025-09-30","eps_diluted":{"value":1.76,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"EarningsPerShareDiluted","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2025Q3","gross_profit":null,"debt_long_term":{"value":902207000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":96847000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":242657000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2025-10-24","concept":"OperatingIncomeLoss","accession":"0001437749-25-031696","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":385598000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":251274000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":17284000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":134324000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3096626000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":181069000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"NetIncomeLoss","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2025-12-31","eps_diluted":null,"fiscal_label":"2025Q4","gross_profit":null,"debt_long_term":{"value":766938000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":null,"operating_income":{"value":246458000.0,"provenance":{"form":"10-K","class":"derived","filed":"2026-02-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-005294","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":353038000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":242767000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-04-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":4563000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":110271000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3056491000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":141553000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"NetIncomeLoss","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2026-03-31","eps_diluted":{"value":1.49,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"EarningsPerShareDiluted","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2026Q1","gross_profit":null,"debt_long_term":{"value":1302838000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":95204000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":207048000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-04-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-013300","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}},{"cfo":{"value":370228000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fcf":{"value":253324000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"cash":{"value":4162000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"capex":{"value":116904000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-07-24","concept":"PaymentsToAcquirePropertyPlantAndEquipment","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"revenue":{"value":3495296000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"RevenueFromContractWithCustomerIncludingAssessedTax","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"net_income":{"value":181034000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"NetIncomeLoss","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"period_end":"2026-06-30","eps_diluted":{"value":1.91,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"EarningsPerShareDiluted","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"fiscal_label":"2026Q2","gross_profit":null,"debt_long_term":{"value":1145337000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"LongTermDebtNoncurrent","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"shares_diluted":{"value":94944000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}},"operating_income":{"value":259452000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-07-24","concept":"OperatingIncomeLoss","accession":"0001437749-26-024397","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0000728535.json","retrieved_at":"2026-09-26T11:16:23+00:00","reviewed_through":null}}}],"retrieved_at":"2026-09-26T11:16:23+00:00"},"notes":[{"url":"https://chartlibrary.io/research/views/jbht-conference-guide-down-expectations-20260916","slug":"jbht-conference-guide-down-expectations-20260916","title":"J.B. Hunt: A Conference Remark Erases a Quarter of Beats in One Pre-Market Print","session":"2026-09-16"}],"memory":{"as_of":"2026-09-25","bands":{"1d":{"n":300,"p10":-1.545,"p50":0.15,"p90":1.812,"p_up":0.553,"censored":null},"5d":{"n":300,"p10":-3.936,"p50":0.29,"p90":5.002,"p_up":0.563,"censored":null},"10d":{"n":300,"p10":-4.726,"p50":0.392,"p90":7.012,"p_up":0.55,"censored":null},"21d":{"n":299,"p10":-8.012,"p50":1.103,"p90":11.746,"p_up":0.575,"censored":0},"63d":{"n":296,"p10":-16.328,"p50":2.878,"p90":17.837,"p_up":0.615,"censored":0},"126d":{"n":287,"p10":-21.611,"p50":4.67,"p90":30.486,"p_up":0.578,"censored":0},"252d":{"n":273,"p10":-29.051,"p50":2.35,"p90":40.895,"p_up":0.531,"censored":0}},"state":"up/below/off/stuck/ordinary/weak/alone","reason":null,"coverage":"ok","analogs_n":300,"disclaimer":"Historical distributions of what followed similar states, measured before today's news. Not a forecast; no side."},"schema":"company_file.v1","thesis":{"view":"We focus on the quality of the freight recovery. Intermodal and dedicated provide most operating profit, while revenue changes in brokerage and truckload can conceal different purchased-transport economics. Q2 supports a stronger operating base, but does not justify extrapolating every segment at the same margin. Our model moves activity, revenue per unit and segment margins separately, then tests cash after the remaining capital program. The verified September warning makes timing central: stronger demand must cover costs arriving before contract repricing. Scenarios now carry those incremental costs through earnings and cash.","scenario_ranges":"The operating scenarios above vary named business assumptions. They are not price targets, probabilities, or the short-horizon historical memory bands.","what_changes_it":"Intermodal utilization and dedicated productivity holding up while margin improves would strengthen the case. Carrier costs or claims absorbing revenue gains, weaker dedicated retention, or heavier capital spending would weaken it."},"no_side":true,"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","title":"J.B. Hunt Q2 2026 earnings and segment statements","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","title":"J.B. Hunt June 2026 Form 10-Q","retrieved":"2026-09-20"},{"url":"https://investor.jbhunt.com/","title":"Issuer estimated Q3 earnings period and latest news, checked September 20","retrieved":"2026-09-20"},{"url":"https://files.quartr.com/audio-files/8433955058c6eb131c6dbdf1fdbaf841-2026-09-15-23-01-41.mpeg?ref=U0E=","title":"September 15 management conference recording distributed by Quartr; verified cost remarks at 5:26-9:50","retrieved":"2026-09-20"},{"url":"https://stockanalysis.com/stocks/jbht/transcripts/750852-morgan-stanley-s-14th-annual-laguna-conference/","title":"Quartr timestamped conference transcript cross-checked against public audio","retrieved":"2026-09-20"},{"url":"https://markets.financialcontent.com/lightport.lightport8/article/bizwire-2026-9-16-vantora-secures-more-than-100-million-from-silversmith-capital-partners-to-build-ai-native-operating-companies-inside-industrial-enterprises","title":"September 16 Vantora issuer release via Business Wire; JBHT relationship, no quantified JBHT economics","retrieved":"2026-09-20"},{"url":"https://natlawreview.com/press-releases/investor-alert-pomerantz-law-firm-investigates-claims-behalf-investors-jb","title":"September 18 Pomerantz investigation notice via ACCESS syndication; no adjudicated liability","retrieved":"2026-09-20"},{"url":"https://bgandg.com/cases/jb-hunt-transport-services-inc-jbht-class_action_lawsuit/","title":"Law firm original JBHT investigation notice; checked September 20","retrieved":"2026-09-20"}],"business":{"drivers":["Intermodal loads, revenue per load and rail/dray productivity determine the largest profit contribution.","Dedicated truck productivity, retention and onboarding costs govern contracted fleet returns.","Purchased transport, claims and net fleet spending determine how revenue becomes earnings and cash."],"description":"J.B. Hunt moves freight through intermodal rail-and-truck service, dedicated customer fleets, brokerage, final-mile delivery and truckload operations. Customers pay for transport capacity and service reliability. Intermodal scale and network utilization can improve profit per load; dedicated fleets provide contracted activity with startup and retention costs. Brokerage and truckload earnings depend on what J.B. Hunt pays outside carriers, so higher customer revenue does not automatically mean better margin. Fleet investment, equipment sales and working capital shape cash generation."},"earnings":{"source":"Undated in the latest note (https://chartlibrary.io/research/views/jbht-conference-guide-down-expectations-20260916): verify the Laguna webcast wording; third-quarter results expected mid-October (the second quarter was reported July 15)","next_report_date":null},"identity":{"cik":728535,"sic":"4213","name":"J.B. Hunt Transport Services, Inc.","symbol":"JBHT","cluster":"Transport, industrials & defense","exchange":"Nasdaq"},"research":{"risks":["Rail disruption, labor constraints and drayage inefficiency impair network economics.","Claims, wages and carrier costs can outrun pricing.","Dedicated customer losses and onboarding costs weaken contracted returns.","Equipment purchases and disposal values change cash independently of EPS.","Hiring, fuel-surcharge lags and claims costs can arrive before intermodal contracts reprice; cost persistence is uncertain even when demand is strong.","Law-firm notices following the earnings warning solicit information for investigations. The reviewed notices establish neither a court finding nor a quantified liability; monitor any actual filed complaint or company disclosure."],"title":"Read the margin underneath freight growth","question":"How much stronger freight revenue survives purchased transport, network costs and fleet investment?","economics":"Intermodal combines containers and drayage with rail partners: density, empty moves and service reliability determine cost per load. Dedicated economics depend on commitments, driver utilization and account startup costs. Brokerage and truckload provide flexibility but expose the spread between customer rates and carrier costs. Fuel surcharges can enlarge revenue without equivalent profit; the model therefore separates revenue factors from margins. H1 operating cash now reconciles $322.587M net earnings, $360.020M D&A, $38.084M SBC, $51.844M other noncash adjustments and $49.269M operating balance use. Gross fleet purchases and disposal receipts are separate. June basic shares, weighted dilution and repurchase authority have distinct roles. The September 15 recording confirms roughly $25M of extra Q3 driver-related cost, at least $10M of fuel headwind and an expected 5%-10% sequential earnings decline despite demand growth. The model carries a separate cost bridge through earnings, cash and annual scenarios.","change_note":"Verified September conference remarks from a public recording; added one consolidated cost bridge and rebuilt all dependent earnings/cash/share scenarios. Added a reconciled H1 cash bridge, gross/net fleet investment and dated share roll-forward. Vantora economics stay unquantified. Pending evidence still prevents a full-review claim.","checkpoints":[{"event":"Conference cost realization and contract repricing","watch":"Reconcile actual sequential earnings, the approximately $25M driver increase and at least $10M fuel headwind. Separate demand growth, claims and contract repricing; do not deduct the same costs twice.","timing":"Q3 results and the 2027 bid season starting in October","date_status":"event_driven"},{"event":"Q3 results","watch":"Compare intermodal loads and rates, segment margins, dedicated retention and purchased transport with explicit model assumptions.","timing":"October 15, 2026 issuer estimated earnings period","date_status":"estimated"},{"event":"Capital program","watch":"Reconcile net capex to the $600M–$800M range; review debt and repurchases alongside cash.","timing":"Next 10-Q and full-year results","date_status":"event_driven"},{"event":"Vantora partnership economics","watch":"The September 16 partner release names J.B. Hunt but discloses no JBHT investment amount, ownership percentage or contracted savings. Vantora funding and generic opportunity estimates do not create JBHT cash or earnings.","timing":"On a quantified company commitment or realized operating result","date_status":"event_driven"},{"event":"Securities investigation developments","watch":"Distinguish the September law-firm investigation notices from a filed case, judgment or cash loss. No legal reserve is inferred from the advertisements.","timing":"On an actual court filing or issuer disclosure","date_status":"event_driven"}],"countercase":"The competing explanation is that improvement reflects favorable rates, fuel and network conditions rather than a permanently lower cost base. Capacity tightening could raise customer rates and carrier expense together. Segment profitability and cash conversion distinguish that explanation from durable efficiency gains.","limitations":["September 15 management remarks were verified from the publicly distributed Quartr recording using timestamped provider text and an independent local transcription. The 5%-10% earnings wording is retained without turning it into precise EPS guidance. Driver/fuel increments are consolidated; segment allocation, higher claims and cost persistence remain explicit assumptions.","No standardized consolidated gross-profit subtotal is mapped for this transport presentation. Segment operating income is used; missing gross profit is not zero.","Q4 historical EPS and shares are not derived by subtracting annual and nine-month per-share amounts.","The cash bridge uses H1 run-rate noncash adjustments and an explicit operating-balance sensitivity. It does not forecast each receivable, tax payment or lease separately. GAAP segment margins already include D&A and SBC; addbacks change expense composition with those margins held fixed.","Gross purchases less disposal proceeds equals net capex. Lower proceeds consume cash without a second capex deduction; the P&L disposal gain/loss remains a separate assumption.","June cash of $4.162M differs from borrowing capacity. $1,154M debt principal differs from $1,145.337M carrying value. Forecast cash after dividends is before debt principal, repurchases, award-tax withholding, acquisitions and new financing, not ending cash or owner cash.","The 93.914939M basic-share anchor is June 30. Future net award issuance and weighted dilution are desk assumptions; repurchase authority is not executed buybacks. Current fully diluted shares and subsequent treasury movements remain unverified.","Other pending news still requires impact review. Verification of the conference and this cash methodology update do not certify the whole company as current or authorize promotion."],"reviewed_at":"2026-09-20"},"estimates":{"rows":[{"eps":1.7650055632696073,"as_of":"2026-09-20","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q3","revenue":3766889257.6600003},{"eps":1.8179193217310234,"as_of":"2026-09-20","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q4","revenue":3624742493.2200007},{"eps":1.7910263510850517,"as_of":"2026-09-20","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q1","revenue":3447059037.67},{"eps":1.9149279032560818,"as_of":"2026-09-20","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q2","revenue":3660279184.3299994}],"basis":"Desk base scenario from the operating model; not consensus. Revenue basis: Revenue ($M).","consensus":null,"revisions":[]},"scorecard":{"inside_5d":0,"notes_scored":1,"band_coverage_5d":0.0},"disclosure":"All positions in the Research Model Portfolio are simulated. No real money is invested in this model. Our research is free and is not tailored to any reader's financial circumstances.","operating_model":{"cells":[{"id":"h1_rev","case":"shared","kind":"reported","unit":"USD_millions","basis":"GAAP consolidated revenue.","label":"H1 revenue","value":6551.787,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"h1_op","case":"shared","kind":"reported","unit":"USD_millions","basis":"GAAP consolidated operating income.","label":"H1 operating income","value":466.5,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"h1_net","case":"shared","kind":"reported","unit":"USD_millions","basis":"GAAP net earnings.","label":"H1 net income","value":322.587,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"h1_cfo","case":"shared","kind":"reported","unit":"USD_millions","basis":"GAAP operating cash flow.","label":"H1 operating cash","value":723.266,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_capex","case":"shared","kind":"reported","unit":"USD_millions","basis":"PP&E purchases $227.175M less equipment-sale proceeds $82.228M.","label":"H1 net capex","value":144.947,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_shares","case":"shared","kind":"reported","unit":"shares_millions","basis":"Six-month weighted average, millions.","label":"H1 weighted diluted shares","value":95.073,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"guide_capex_low","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Net of equipment-disposal proceeds.","label":"FY2026 net-capex guidance low","value":600.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"guide_capex_high","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"Net of equipment-disposal proceeds.","label":"FY2026 net-capex guidance high","value":800.0,"period":"FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"q2_rev","case":"shared","kind":"reported","unit":"USD_millions","basis":"After intersegment eliminations.","label":"Q2 consolidated revenue","value":3495.296,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_op","case":"shared","kind":"reported","unit":"USD_millions","basis":"Consolidated GAAP operating income.","label":"Q2 operating income","value":259.452,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_jbi","case":"shared","kind":"reported","unit":"USD_millions","basis":"Segment revenue before intersegment elimination.","label":"Intermodal Q2 revenue","value":1753.689,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_dcs","case":"shared","kind":"reported","unit":"USD_millions","basis":"Segment revenue before intersegment elimination.","label":"Dedicated Q2 revenue","value":920.71,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_ics","case":"shared","kind":"reported","unit":"USD_millions","basis":"Segment revenue before intersegment elimination.","label":"Brokerage / ICS Q2 revenue","value":388.495,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_fms","case":"shared","kind":"reported","unit":"USD_millions","basis":"Segment revenue before intersegment elimination.","label":"Final Mile Q2 revenue","value":198.037,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_jbt","case":"shared","kind":"reported","unit":"USD_millions","basis":"Segment revenue before intersegment elimination.","label":"Truckload Q2 revenue","value":239.653,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"q2_elim","case":"shared","kind":"reported","unit":"USD_millions","basis":"Subtract from gross segment revenue.","label":"Q2 intersegment elimination","value":5.288,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"downside_jbi_activity","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Intermodal activity factor","value":0.96,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_jbi_price","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Intermodal revenue-per-unit factor","value":0.98,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_jbi_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Intermodal operating margin","value":0.072,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_dcs_activity","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Dedicated activity factor","value":0.98,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_dcs_price","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Dedicated revenue-per-unit factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_dcs_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Dedicated operating margin","value":0.1,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_ics_activity","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Brokerage / ICS activity factor","value":0.95,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_ics_price","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Brokerage / ICS revenue-per-unit factor","value":0.95,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_ics_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Brokerage / ICS operating margin","value":-0.01,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_fms_activity","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Final Mile activity factor","value":0.94,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_fms_price","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Final Mile revenue-per-unit factor","value":0.99,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_fms_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Final Mile operating margin","value":0.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_jbt_activity","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Truckload activity factor","value":0.96,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_jbt_price","case":"downside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Truckload revenue-per-unit factor","value":0.99,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_jbt_margin","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Truckload operating margin","value":-0.015,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_tax_keep","case":"downside","kind":"assumption","unit":"ratio","basis":"One minus a 25.5% assumed effective tax rate.","label":"After-tax earnings factor","value":0.745,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"downside_annual_capex26","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Within June 10-Q guidance; weaker cash case assumes higher spending.","label":"FY2026 net-capex case","value":800.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"downside_annual_capex27","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk extension, not management guidance.","label":"FY2027 net-capex assumption","value":850.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"downside_half","case":"downside","kind":"assumption","unit":"ratio","basis":"Equal division of H2 capex and share averaging.","label":"Half-year allocation","value":0.5,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"downside_quarter","case":"downside","kind":"assumption","unit":"ratio","basis":"Equal FY2027 capex allocation and share averaging.","label":"Quarter-year allocation","value":0.25,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"downside_remaining_capex26","case":"downside","kind":"derived","unit":"USD_millions","basis":"Full-year case less reported H1.","label":"H2 net capex","value":655.053,"period":"2026 H2","formula":{"op":"subtract","refs":["downside_annual_capex26","h1_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk Q3 activity timing factor against Q2, alongside segment-specific volume/price factors. Base allows demand growth to offset part of the verified cost increase; neither this factor nor segment allocation is company guidance.","label":"Quarter activity / seasonality factor","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1649.8706112,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":118.79068400639999,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":902.2958,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":90.22958,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":350.6167375,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.506167375,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":184.29323219999998,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.6858646439999996,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":227.7662112,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.4164931679999997,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3314.8425921,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_jbi_rev","downside_2026q3_dcs_rev","downside_2026q3_ics_rev","downside_2026q3_fms_rev","downside_2026q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.288,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_elim","downside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3309.5545921,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_gross_rev","downside_2026q3_elim"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":150.7834681074,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_op_before_cost_step","downside_2026q3_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":133.7834681074,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_op","downside_2026q3_interest"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":99.66868374001301,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.18993900000001,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_basic_shares","downside_2026q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.047050610464337,"period":"2026Q3","formula":{"op":"divide","refs":["downside_2026q3_net","downside_2026q3_shares"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":241.903818937513,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_net","downside_2026q3_da","downside_2026q3_sbc","downside_2026q3_other_noncash","downside_2026q3_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":338.6405,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_gross_capex","downside_2026q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":-96.73668106248698,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_cfo","downside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.02,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1682.868023424,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":121.16649768652799,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":920.341716,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":92.03417160000001,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":357.62907225,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.5762907225,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":187.97909684399997,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.7595819368799996,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":232.321535424,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.48482303136,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3381.139443942,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_jbi_rev","downside_2026q4_dcs_rev","downside_2026q4_ics_rev","downside_2026q4_fms_rev","downside_2026q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.39376,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_elim","downside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3375.745683942,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_gross_rev","downside_2026q4_elim"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":167.399137469548,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_op_before_cost_step","downside_2026q4_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":150.399137469548,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_op","downside_2026q4_interest"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":112.04735741481326,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.33993900000002,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_basic_shares","downside_2026q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.1752404982639357,"period":"2026Q4","formula":{"op":"divide","refs":["downside_2026q4_net","downside_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":252.62771531626333,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_net","downside_2026q4_da","downside_2026q4_sbc","downside_2026q4_other_noncash","downside_2026q4_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":338.6405,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_gross_capex","downside_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":-86.01278468373664,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_cfo","downside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":0.97,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1600.3744928639999,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":115.22696348620798,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":875.2269259999999,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":87.5226926,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":340.098235375,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.40098235375,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":178.76443523399996,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.5752887046799993,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":220.93322486399998,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.3139983729599995,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3215.3973143369994,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_jbi_rev","downside_2027q1_dcs_rev","downside_2027q1_ics_rev","downside_2027q1_fms_rev","downside_2027q1_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.12936,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_elim","downside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3210.2679543369995,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_gross_rev","downside_2027q1_elim"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":172.10996406417797,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_op_before_cost_step","downside_2027q1_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":155.10996406417797,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_op","downside_2027q1_interest"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":115.55692322781259,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.48993900000002,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_basic_shares","downside_2027q1_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.210147628514168,"period":"2027Q1","formula":{"op":"divide","refs":["downside_2027q1_net","downside_2027q1_shares"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":260.27422436938764,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_net","downside_2027q1_da","downside_2027q1_sbc","downside_2027q1_other_noncash","downside_2027q1_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":223.614,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_gross_capex","downside_2027q1_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":36.660224369387635,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_cfo","downside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1699.366729536,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":122.35440452659199,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":929.364674,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":92.93646740000001,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":361.135239625,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.61135239625,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":189.822029166,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.79644058332,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":234.599197536,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.51898796304,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3414.2878698629997,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_jbi_rev","downside_2027q2_dcs_rev","downside_2027q2_ics_rev","downside_2027q2_fms_rev","downside_2027q2_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_elim","downside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3408.8412298629996,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_gross_rev","downside_2027q2_elim"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":184.456972150622,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_op_before_cost_step","downside_2027q2_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":167.456972150622,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_op","downside_2027q2_interest"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":124.75544425221338,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.63993900000003,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_basic_shares","downside_2027q2_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.3044283126551695,"period":"2027Q2","formula":{"op":"divide","refs":["downside_2027q2_net","downside_2027q2_shares"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":264.5084135056384,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_net","downside_2027q2_da","downside_2027q2_sbc","downside_2027q2_other_noncash","downside_2027q2_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":223.614,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_gross_capex","downside_2027q2_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":40.89441350563837,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_cfo","downside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1699.366729536,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":122.35440452659199,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":929.364674,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":92.93646740000001,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":361.135239625,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.61135239625,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":189.822029166,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.79644058332,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":234.599197536,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.51898796304,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3414.2878698629997,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_jbi_rev","downside_2027q3_dcs_rev","downside_2027q3_ics_rev","downside_2027q3_fms_rev","downside_2027q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_elim","downside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3408.8412298629996,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_gross_rev","downside_2027q3_elim"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":184.456972150622,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_op_before_cost_step","downside_2027q3_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":167.456972150622,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_op","downside_2027q3_interest"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":124.75544425221338,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.78993900000003,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_basic_shares","downside_2027q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.3023856738463246,"period":"2027Q3","formula":{"op":"divide","refs":["downside_2027q3_net","downside_2027q3_shares"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":264.5084135056384,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_net","downside_2027q3_da","downside_2027q3_sbc","downside_2027q3_other_noncash","downside_2027q3_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":223.614,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_gross_capex","downside_2027q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":40.89441350563837,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_cfo","downside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_season","case":"downside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.05,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_jbi_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1732.3641417600002,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbi","downside_jbi_activity","downside_jbi_price","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_jbi_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":124.73021820672,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_jbi_rev","downside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_dcs_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":947.4105900000001,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_dcs","downside_dcs_activity","downside_dcs_price","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_dcs_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":94.741059,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_dcs_rev","downside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_ics_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":368.14757437500003,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_ics","downside_ics_activity","downside_ics_price","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_ics_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":-3.6814757437500005,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_ics_rev","downside_ics_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fms_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":193.50789380999998,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_fms","downside_fms_activity","downside_fms_price","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fms_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":3.8701578762,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_fms_rev","downside_fms_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_jbt_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":239.15452176,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbt","downside_jbt_activity","downside_jbt_price","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_jbt_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":-3.5873178263999996,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_jbt_rev","downside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3480.5847217050004,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_jbi_rev","downside_2027q4_dcs_rev","downside_2027q4_ics_rev","downside_2027q4_fms_rev","downside_2027q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_elim","case":"downside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.5524000000000004,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_elim","downside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3475.0323217050004,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_gross_rev","downside_2027q4_elim"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":188.57264151277,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_op_before_cost_step","downside_2027q4_cost_step"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_interest","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_pretax","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":171.57264151277,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_op","downside_2027q4_interest"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":127.82161792701365,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_pretax","downside_tax_keep"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.93993900000004,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_basic_shares","downside_2027q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.3323087262648103,"period":"2027Q4","formula":{"op":"divide","refs":["downside_2027q4_net","downside_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":265.9198098843887,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_net","downside_2027q4_da","downside_2027q4_sbc","downside_2027q4_other_noncash","downside_2027q4_working_capital"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":223.614,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_gross_capex","downside_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":42.30580988438871,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_cfo","downside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 rev","value":13237.087276041999,"period":"FY2026","formula":{"op":"sum","refs":["h1_rev","downside_2026q3_rev","downside_2026q4_rev"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 op","value":784.682605576948,"period":"FY2026","formula":{"op":"sum","refs":["h1_op","downside_2026q3_op","downside_2026q4_op"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 net","value":534.3030411548262,"period":"FY2026","formula":{"op":"sum","refs":["h1_net","downside_2026q3_net","downside_2026q4_net"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 cfo","value":1217.7975342537761,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","downside_2026q3_cfo","downside_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 capex","value":822.228,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","downside_2026q3_capex","downside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_h2_share_sum","case":"downside","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"H2 share sum","value":190.52987800000002,"period":"FY2026","formula":{"op":"sum","refs":["downside_2026q3_shares","downside_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_h2_share_mean","case":"downside","kind":"derived","unit":"shares_millions","basis":"Two-quarter average.","label":"H2 weighted shares","value":95.26493900000001,"period":"FY2026","formula":{"op":"multiply","refs":["downside_fy2026_h2_share_sum","downside_half"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_share_sum","case":"downside","kind":"derived","unit":"shares_millions","basis":"Reported H1 plus modeled H2.","label":"Two half-year share counts","value":190.337939,"period":"FY2026","formula":{"op":"sum","refs":["h1_shares","downside_fy2026_h2_share_mean"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":95.1689695,"period":"FY2026","formula":{"op":"multiply","refs":["downside_fy2026_share_sum","downside_half"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":5.6142568734531295,"period":"FY2026","formula":{"op":"divide","refs":["downside_fy2026_net","downside_fy2026_shares"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":395.56953425377617,"period":"FY2026","formula":{"op":"subtract","refs":["downside_fy2026_cfo","downside_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_rev","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 rev","value":13502.982735767999,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_rev","downside_2027q2_rev","downside_2027q3_rev","downside_2027q4_rev"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_op","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 op","value":729.5965498781919,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_op","downside_2027q2_op","downside_2027q3_op","downside_2027q4_op"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_net","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 net","value":492.889429659253,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_net","downside_2027q2_net","downside_2027q3_net","downside_2027q4_net"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cfo","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 cfo","value":1055.2108612650532,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_cfo","downside_2027q2_cfo","downside_2027q3_cfo","downside_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 capex","value":894.456,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_capex","downside_2027q2_capex","downside_2027q3_capex","downside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_share_sum","case":"downside","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"Quarterly share-count sum","value":382.8597560000001,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_shares","downside_2027q2_shares","downside_2027q3_shares","downside_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":95.71493900000003,"period":"FY2027","formula":{"op":"multiply","refs":["downside_fy2027_share_sum","downside_quarter"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_eps","case":"downside","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":5.149555908500896,"period":"FY2027","formula":{"op":"divide","refs":["downside_fy2027_net","downside_fy2027_shares"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_fcf","case":"downside","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":160.75486126505314,"period":"FY2027","formula":{"op":"subtract","refs":["downside_fy2027_cfo","downside_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"base_jbi_activity","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Intermodal activity factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_jbi_price","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Intermodal revenue-per-unit factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_jbi_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Intermodal operating margin","value":0.086,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_dcs_activity","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Dedicated activity factor","value":1.01,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_dcs_price","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Dedicated revenue-per-unit factor","value":1.01,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_dcs_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Dedicated operating margin","value":0.111,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_ics_activity","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Brokerage / ICS activity factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_ics_price","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Brokerage / ICS revenue-per-unit factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_ics_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Brokerage / ICS operating margin","value":0.005,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_fms_activity","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Final Mile activity factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_fms_price","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Final Mile revenue-per-unit factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_fms_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Final Mile operating margin","value":0.028,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_jbt_activity","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Truckload activity factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_jbt_price","case":"base","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Truckload revenue-per-unit factor","value":1.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_jbt_margin","case":"base","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Truckload operating margin","value":0.0,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_tax_keep","case":"base","kind":"assumption","unit":"ratio","basis":"One minus a 25.5% assumed effective tax rate.","label":"After-tax earnings factor","value":0.745,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"base_annual_capex26","case":"base","kind":"assumption","unit":"USD_millions","basis":"Within June 10-Q guidance; weaker cash case assumes higher spending.","label":"FY2026 net-capex case","value":700.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"base_annual_capex27","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk extension, not management guidance.","label":"FY2027 net-capex assumption","value":750.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"base_half","case":"base","kind":"assumption","unit":"ratio","basis":"Equal division of H2 capex and share averaging.","label":"Half-year allocation","value":0.5,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"base_quarter","case":"base","kind":"assumption","unit":"ratio","basis":"Equal FY2027 capex allocation and share averaging.","label":"Quarter-year allocation","value":0.25,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"base_remaining_capex26","case":"base","kind":"derived","unit":"USD_millions","basis":"Full-year case less reported H1.","label":"H2 net capex","value":555.053,"period":"2026 H2","formula":{"op":"subtract","refs":["base_annual_capex26","h1_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q3_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk Q3 activity timing factor against Q2, alongside segment-specific volume/price factors. Base allows demand growth to offset part of the verified cost increase; neither this factor nor segment allocation is company guidance.","label":"Quarter activity / seasonality factor","value":1.06,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1896.0885468000001,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":163.0636150248,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":995.5692472600001,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":110.50818644586002,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":411.8047,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":2.0590235000000003,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":209.91922000000002,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.877738160000001,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":259.1128236,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q3_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3772.4945376600003,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_jbi_rev","base_2026q3_dcs_rev","base_2026q3_ics_rev","base_2026q3_fms_rev","base_2026q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2026q3_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.6052800000000005,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_elim","base_2026q3_season"]},"source_url":null,"source_date":null},{"id":"base_2026q3_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3766.88925766,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_gross_rev","base_2026q3_elim"]},"source_url":null,"source_date":null},{"id":"base_2026q3_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":241.50856313066004,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_op_before_cost_step","base_2026q3_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2026q3_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":224.50856313066004,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_op","base_2026q3_interest"]},"source_url":null,"source_date":null},{"id":"base_2026q3_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":167.25887953234172,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2026q3_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.76393900000001,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_basic_shares","base_2026q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2026q3_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.7650055632696073,"period":"2026Q3","formula":{"op":"divide","refs":["base_2026q3_net","base_2026q3_shares"]},"source_url":null,"source_date":null},{"id":"base_2026q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":354.5639869557417,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_net","base_2026q3_da","base_2026q3_sbc","base_2026q3_other_noncash","base_2026q3_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2026q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":277.5265,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_gross_capex","base_2026q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":77.03748695574171,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_cfo","base_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2026q4_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.02,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1824.5380356,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":156.91027106159999,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":958.0005964200001,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":106.33806620262001,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":396.2649,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":1.9813245000000002,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":201.99774000000002,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.655936720000001,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":249.3349812,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2026q4_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3630.1362532200005,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_jbi_rev","base_2026q4_dcs_rev","base_2026q4_ics_rev","base_2026q4_fms_rev","base_2026q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2026q4_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.39376,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_elim","base_2026q4_season"]},"source_url":null,"source_date":null},{"id":"base_2026q4_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3624.7424932200006,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_gross_rev","base_2026q4_elim"]},"source_url":null,"source_date":null},{"id":"base_2026q4_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":248.38559848422005,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_op_before_cost_step","base_2026q4_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2026q4_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":231.38559848422005,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_op","base_2026q4_interest"]},"source_url":null,"source_date":null},{"id":"base_2026q4_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":172.38227087074395,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2026q4_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.82393900000001,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_basic_shares","base_2026q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2026q4_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.8179193217310234,"period":"2026Q4","formula":{"op":"divide","refs":["base_2026q4_net","base_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"base_2026q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":361.10884593854394,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_net","base_2026q4_da","base_2026q4_sbc","base_2026q4_other_noncash","base_2026q4_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2026q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":277.5265,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_gross_capex","base_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":83.58234593854394,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_cfo","base_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q1_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":0.97,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1735.0998966,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":149.2185911076,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":911.03978287,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":101.12541589857,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":376.84015,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":1.88420075,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":192.09589,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.37868492,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":237.11267819999998,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q1_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3452.18839767,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_jbi_rev","base_2027q1_dcs_rev","base_2027q1_ics_rev","base_2027q1_fms_rev","base_2027q1_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2027q1_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.12936,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_elim","base_2027q1_season"]},"source_url":null,"source_date":null},{"id":"base_2027q1_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3447.05903767,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_gross_rev","base_2027q1_elim"]},"source_url":null,"source_date":null},{"id":"base_2027q1_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":245.10689267617,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_op_before_cost_step","base_2027q1_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2027q1_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":228.10689267617,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_op","base_2027q1_interest"]},"source_url":null,"source_date":null},{"id":"base_2027q1_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":169.93963504374665,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2027q1_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.88393900000001,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_basic_shares","base_2027q1_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2027q1_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.7910263510850517,"period":"2027Q1","formula":{"op":"divide","refs":["base_2027q1_net","base_2027q1_shares"]},"source_url":null,"source_date":null},{"id":"base_2027q1_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":360.4430446670467,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_net","base_2027q1_da","base_2027q1_sbc","base_2027q1_other_noncash","base_2027q1_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2027q1_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":187.5,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_gross_capex","base_2027q1_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":172.9430446670467,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_cfo","base_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q2_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1842.4256634,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":158.4486070524,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":967.3927591300001,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":107.38059626343001,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":400.14985,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":2.00074925,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":203.97811000000002,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.711387080000001,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":251.7794418,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q2_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3665.72582433,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_jbi_rev","base_2027q2_dcs_rev","base_2027q2_ics_rev","base_2027q2_fms_rev","base_2027q2_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2027q2_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_elim","base_2027q2_season"]},"source_url":null,"source_date":null},{"id":"base_2027q2_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3660.2791843299997,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_gross_rev","base_2027q2_elim"]},"source_url":null,"source_date":null},{"id":"base_2027q2_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":261.04133964583,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_op_before_cost_step","base_2027q2_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2027q2_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":244.04133964583002,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_op","base_2027q2_interest"]},"source_url":null,"source_date":null},{"id":"base_2027q2_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":181.81079803614335,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2027q2_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.94393900000001,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_basic_shares","base_2027q2_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2027q2_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.9149279032560818,"period":"2027Q2","formula":{"op":"divide","refs":["base_2027q2_net","base_2027q2_shares"]},"source_url":null,"source_date":null},{"id":"base_2027q2_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":370.18200619284335,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_net","base_2027q2_da","base_2027q2_sbc","base_2027q2_other_noncash","base_2027q2_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2027q2_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":187.5,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_gross_capex","base_2027q2_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":182.68200619284335,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_cfo","base_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q3_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1842.4256634,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":158.4486070524,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":967.3927591300001,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":107.38059626343001,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":400.14985,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":2.00074925,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":203.97811000000002,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.711387080000001,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":251.7794418,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q3_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3665.72582433,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_jbi_rev","base_2027q3_dcs_rev","base_2027q3_ics_rev","base_2027q3_fms_rev","base_2027q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2027q3_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_elim","base_2027q3_season"]},"source_url":null,"source_date":null},{"id":"base_2027q3_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3660.2791843299997,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_gross_rev","base_2027q3_elim"]},"source_url":null,"source_date":null},{"id":"base_2027q3_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":261.04133964583,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_op_before_cost_step","base_2027q3_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2027q3_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":244.04133964583002,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_op","base_2027q3_interest"]},"source_url":null,"source_date":null},{"id":"base_2027q3_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":181.81079803614335,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2027q3_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.00393900000002,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_basic_shares","base_2027q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2027q3_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.913718525251288,"period":"2027Q3","formula":{"op":"divide","refs":["base_2027q3_net","base_2027q3_shares"]},"source_url":null,"source_date":null},{"id":"base_2027q3_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":370.18200619284335,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_net","base_2027q3_da","base_2027q3_sbc","base_2027q3_other_noncash","base_2027q3_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2027q3_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":187.5,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_gross_capex","base_2027q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":182.68200619284335,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_cfo","base_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"base_2027q4_season","case":"base","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.05,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_jbi_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1878.200919,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbi","base_jbi_activity","base_jbi_price","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_jbi_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":161.525279034,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_jbi_rev","base_jbi_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_dcs_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":986.17708455,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_dcs","base_dcs_activity","base_dcs_price","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_dcs_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":109.46565638505,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_dcs_rev","base_dcs_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_ics_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":407.91975,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_ics","base_ics_activity","base_ics_price","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_ics_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":2.03959875,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_ics_rev","base_ics_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fms_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":207.93885,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_fms","base_fms_activity","base_fms_price","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fms_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":5.8222878,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_fms_rev","base_fms_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_jbt_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":256.668363,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbt","base_jbt_activity","base_jbt_price","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_jbt_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":0.0,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_jbt_rev","base_jbt_margin"]},"source_url":null,"source_date":null},{"id":"base_2027q4_gross_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3736.9049665500006,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_jbi_rev","base_2027q4_dcs_rev","base_2027q4_ics_rev","base_2027q4_fms_rev","base_2027q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"base_2027q4_elim","case":"base","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.5524000000000004,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_elim","base_2027q4_season"]},"source_url":null,"source_date":null},{"id":"base_2027q4_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3731.3525665500006,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_gross_rev","base_2027q4_elim"]},"source_url":null,"source_date":null},{"id":"base_2027q4_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":266.35282196905,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_op_before_cost_step","base_2027q4_cost_step"]},"source_url":null,"source_date":null},{"id":"base_2027q4_interest","case":"base","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_pretax","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":249.35282196905,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_op","base_2027q4_interest"]},"source_url":null,"source_date":null},{"id":"base_2027q4_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":185.76785236694226,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_pretax","base_tax_keep"]},"source_url":null,"source_date":null},{"id":"base_2027q4_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":95.06393900000002,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_basic_shares","base_2027q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"base_2027q4_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":1.9541358618323423,"period":"2027Q4","formula":{"op":"divide","refs":["base_2027q4_net","base_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"base_2027q4_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":373.4283267014423,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_net","base_2027q4_da","base_2027q4_sbc","base_2027q4_other_noncash","base_2027q4_working_capital"]},"source_url":null,"source_date":null},{"id":"base_2027q4_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":187.5,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_gross_capex","base_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":185.9283267014423,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_cfo","base_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 rev","value":13943.418750880002,"period":"FY2026","formula":{"op":"sum","refs":["h1_rev","base_2026q3_rev","base_2026q4_rev"]},"source_url":null,"source_date":null},{"id":"base_fy2026_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 op","value":956.3941616148801,"period":"FY2026","formula":{"op":"sum","refs":["h1_op","base_2026q3_op","base_2026q4_op"]},"source_url":null,"source_date":null},{"id":"base_fy2026_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 net","value":662.2281504030857,"period":"FY2026","formula":{"op":"sum","refs":["h1_net","base_2026q3_net","base_2026q4_net"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 cfo","value":1438.9388328942857,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","base_2026q3_cfo","base_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"base_fy2026_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 capex","value":700.0,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","base_2026q3_capex","base_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_h2_share_sum","case":"base","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"H2 share sum","value":189.58787800000002,"period":"FY2026","formula":{"op":"sum","refs":["base_2026q3_shares","base_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"base_fy2026_h2_share_mean","case":"base","kind":"derived","unit":"shares_millions","basis":"Two-quarter average.","label":"H2 weighted shares","value":94.79393900000001,"period":"FY2026","formula":{"op":"multiply","refs":["base_fy2026_h2_share_sum","base_half"]},"source_url":null,"source_date":null},{"id":"base_fy2026_share_sum","case":"base","kind":"derived","unit":"shares_millions","basis":"Reported H1 plus modeled H2.","label":"Two half-year share counts","value":189.866939,"period":"FY2026","formula":{"op":"sum","refs":["h1_shares","base_fy2026_h2_share_mean"]},"source_url":null,"source_date":null},{"id":"base_fy2026_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":94.9334695,"period":"FY2026","formula":{"op":"multiply","refs":["base_fy2026_share_sum","base_half"]},"source_url":null,"source_date":null},{"id":"base_fy2026_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":6.975707870900954,"period":"FY2026","formula":{"op":"divide","refs":["base_fy2026_net","base_fy2026_shares"]},"source_url":null,"source_date":null},{"id":"base_fy2026_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":738.9388328942857,"period":"FY2026","formula":{"op":"subtract","refs":["base_fy2026_cfo","base_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_rev","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 rev","value":14498.96997288,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_rev","base_2027q2_rev","base_2027q3_rev","base_2027q4_rev"]},"source_url":null,"source_date":null},{"id":"base_fy2027_op","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 op","value":1033.54239393688,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_op","base_2027q2_op","base_2027q3_op","base_2027q4_op"]},"source_url":null,"source_date":null},{"id":"base_fy2027_net","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 net","value":719.3290834829756,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_net","base_2027q2_net","base_2027q3_net","base_2027q4_net"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cfo","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 cfo","value":1474.2353837541757,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_cfo","base_2027q2_cfo","base_2027q3_cfo","base_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"base_fy2027_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 capex","value":750.0,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_capex","base_2027q2_capex","base_2027q3_capex","base_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_share_sum","case":"base","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"Quarterly share-count sum","value":379.89575600000006,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_shares","base_2027q2_shares","base_2027q3_shares","base_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"base_fy2027_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":94.97393900000002,"period":"FY2027","formula":{"op":"multiply","refs":["base_fy2027_share_sum","base_quarter"]},"source_url":null,"source_date":null},{"id":"base_fy2027_eps","case":"base","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":7.573962826612631,"period":"FY2027","formula":{"op":"divide","refs":["base_fy2027_net","base_fy2027_shares"]},"source_url":null,"source_date":null},{"id":"base_fy2027_fcf","case":"base","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":724.2353837541757,"period":"FY2027","formula":{"op":"subtract","refs":["base_fy2027_cfo","base_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"upside_jbi_activity","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Intermodal activity factor","value":1.08,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_jbi_price","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Intermodal revenue-per-unit factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_jbi_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Intermodal operating margin","value":0.1,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_dcs_activity","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Dedicated activity factor","value":1.03,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_dcs_price","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Dedicated revenue-per-unit factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_dcs_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Dedicated operating margin","value":0.12,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_ics_activity","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Brokerage / ICS activity factor","value":1.07,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_ics_price","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Brokerage / ICS revenue-per-unit factor","value":1.04,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_ics_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Brokerage / ICS operating margin","value":0.015,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_fms_activity","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Final Mile activity factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_fms_price","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Final Mile revenue-per-unit factor","value":1.01,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_fms_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Final Mile operating margin","value":0.04,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_jbt_activity","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2: loads for transport/brokerage, trucks for dedicated, deliveries for final mile.","label":"Truckload activity factor","value":1.06,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_jbt_price","case":"upside","kind":"assumption","unit":"ratio","basis":"Relative to Q2, including fuel and mix effects. Not a pure contractual pricing forecast.","label":"Truckload revenue-per-unit factor","value":1.02,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_jbt_margin","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk sensitivity after purchased transport, wages, insurance and operating costs.","label":"Truckload operating margin","value":0.015,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_tax_keep","case":"upside","kind":"assumption","unit":"ratio","basis":"One minus a 25.5% assumed effective tax rate.","label":"After-tax earnings factor","value":0.745,"period":"Forward quarters","formula":null,"source_url":null,"source_date":null},{"id":"upside_annual_capex26","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Within June 10-Q guidance; weaker cash case assumes higher spending.","label":"FY2026 net-capex case","value":600.0,"period":"FY2026","formula":null,"source_url":null,"source_date":null},{"id":"upside_annual_capex27","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk extension, not management guidance.","label":"FY2027 net-capex assumption","value":650.0,"period":"FY2027","formula":null,"source_url":null,"source_date":null},{"id":"upside_half","case":"upside","kind":"assumption","unit":"ratio","basis":"Equal division of H2 capex and share averaging.","label":"Half-year allocation","value":0.5,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"upside_quarter","case":"upside","kind":"assumption","unit":"ratio","basis":"Equal FY2027 capex allocation and share averaging.","label":"Quarter-year allocation","value":0.25,"period":"Allocation","formula":null,"source_url":null,"source_date":null},{"id":"upside_remaining_capex26","case":"upside","kind":"derived","unit":"USD_millions","basis":"Full-year case less reported H1.","label":"H2 net capex","value":455.053,"period":"2026 H2","formula":{"op":"subtract","refs":["upside_annual_capex26","h1_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk Q3 activity timing factor against Q2, alongside segment-specific volume/price factors. Base allows demand growth to offset part of the verified cost increase; neither this factor nor segment allocation is company guidance.","label":"Quarter activity / seasonality factor","value":1.04,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":2009.1383544960004,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":200.91383544960004,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":1005.9898430400001,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":120.7187811648,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":449.60992544000004,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.7441488816,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":212.17842609600004,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":8.487137043840002,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":269.477336544,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":4.04216004816,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3946.3938856160007,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_jbi_rev","upside_2026q3_dcs_rev","upside_2026q3_ics_rev","upside_2026q3_fms_rev","upside_2026q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.49952,"period":"2026Q3","formula":{"op":"multiply","refs":["q2_elim","upside_2026q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3940.894365616001,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_gross_rev","upside_2026q3_elim"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":305.906062588,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_op_before_cost_step","upside_2026q3_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":288.906062588,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_op","upside_2026q3_interest"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":215.23501662806,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.529939,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_basic_shares","upside_2026q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.2768978686007615,"period":"2026Q3","formula":{"op":"divide","refs":["upside_2026q3_net","upside_2026q3_shares"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":420.50454479998,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_net","upside_2026q3_da","upside_2026q3_sbc","upside_2026q3_other_noncash","upside_2026q3_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":218.64049999999997,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_gross_capex","upside_2026q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":201.86404479998004,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_cfo","upside_2026q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.02,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1970.5010784480005,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":197.05010784480007,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":986.6438845200001,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":118.39726614240001,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":440.96358072000004,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.6144537108,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":208.09807174800005,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":8.323922869920002,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":264.295080072,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":3.96442620108,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3870.501695508001,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_jbi_rev","upside_2026q4_dcs_rev","upside_2026q4_ics_rev","upside_2026q4_fms_rev","upside_2026q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.39376,"period":"2026Q4","formula":{"op":"multiply","refs":["q2_elim","upside_2026q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3865.107935508001,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_gross_rev","upside_2026q4_elim"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":324.3501767690001,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_op_before_cost_step","upside_2026q4_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":307.3501767690001,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_op","upside_2026q4_interest"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":228.97588169290506,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.559939,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_basic_shares","upside_2026q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.4214893126454435,"period":"2026Q4","formula":{"op":"divide","refs":["upside_2026q4_net","upside_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":434.62434201536513,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_net","upside_2026q4_da","upside_2026q4_sbc","upside_2026q4_other_noncash","upside_2026q4_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":218.64049999999997,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_gross_capex","upside_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":215.98384201536516,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_cfo","upside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":0.97,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1873.9078883280004,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":187.39078883280004,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":938.2789882200001,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":112.59347858640001,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":419.34771892000003,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.2902157838,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":197.89718587800004,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":7.915887435120002,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":251.339438892,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":3.7700915833799997,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3680.7712202380008,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_jbi_rev","upside_2027q1_dcs_rev","upside_2027q1_ics_rev","upside_2027q1_fms_rev","upside_2027q1_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.12936,"period":"2027Q1","formula":{"op":"multiply","refs":["q2_elim","upside_2027q1_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3675.641860238001,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_gross_rev","upside_2027q1_elim"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":312.96046222150005,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_op_before_cost_step","upside_2027q1_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":295.96046222150005,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_op","upside_2027q1_interest"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":220.49054435501753,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.589939,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_basic_shares","upside_2027q1_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.3310147642131107,"period":"2027Q1","formula":{"op":"divide","refs":["upside_2027q1_net","upside_2027q1_shares"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":427.08633505382755,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_net","upside_2027q1_da","upside_2027q1_sbc","upside_2027q1_other_noncash","upside_2027q1_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":153.614,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_gross_capex","upside_2027q1_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":273.4723350538276,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_cfo","upside_2027q1_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1989.8197164720004,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":198.98197164720006,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":996.3168637800001,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":119.5580236536,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":445.28675308000004,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.6793012962,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":210.13824892200003,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":8.40552995688,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":266.886208308,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":4.00329312462,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3908.447790562,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_jbi_rev","upside_2027q2_dcs_rev","upside_2027q2_ics_rev","upside_2027q2_fms_rev","upside_2027q2_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q2","formula":{"op":"multiply","refs":["q2_elim","upside_2027q2_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3903.001150562,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_gross_rev","upside_2027q2_elim"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":332.6281196785,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_op_before_cost_step","upside_2027q2_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":315.6281196785,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_op","upside_2027q2_interest"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":235.14294916048252,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.619939,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_basic_shares","upside_2027q2_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.4851310584810515,"period":"2027Q2","formula":{"op":"divide","refs":["upside_2027q2_net","upside_2027q2_shares"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":440.6019434076726,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_net","upside_2027q2_da","upside_2027q2_sbc","upside_2027q2_other_noncash","upside_2027q2_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":153.614,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_gross_capex","upside_2027q2_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":286.98794340767256,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_cfo","upside_2027q2_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.03,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":1989.8197164720004,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":198.98197164720006,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":996.3168637800001,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":119.5580236536,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":445.28675308000004,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.6793012962,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":210.13824892200003,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":8.40552995688,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":266.886208308,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":4.00329312462,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3908.447790562,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_jbi_rev","upside_2027q3_dcs_rev","upside_2027q3_ics_rev","upside_2027q3_fms_rev","upside_2027q3_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.44664,"period":"2027Q3","formula":{"op":"multiply","refs":["q2_elim","upside_2027q3_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3903.001150562,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_gross_rev","upside_2027q3_elim"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":332.6281196785,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_op_before_cost_step","upside_2027q3_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":315.6281196785,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_op","upside_2027q3_interest"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":235.14294916048252,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.649939,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_basic_shares","upside_2027q3_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.484343377764697,"period":"2027Q3","formula":{"op":"divide","refs":["upside_2027q3_net","upside_2027q3_shares"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":440.6019434076726,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_net","upside_2027q3_da","upside_2027q3_sbc","upside_2027q3_other_noncash","upside_2027q3_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":153.614,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_gross_capex","upside_2027q3_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":286.98794340767256,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_cfo","upside_2027q3_capex"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_season","case":"upside","kind":"assumption","unit":"ratio","basis":"Desk timing relative to Q2 run rate; applied to all segments.","label":"Quarter activity / seasonality factor","value":1.05,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_jbi_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Intermodal revenue","value":2028.4569925200005,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbi","upside_jbi_activity","upside_jbi_price","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_jbi_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Intermodal operating income before incremental cost step","value":202.84569925200006,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_jbi_rev","upside_jbi_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_dcs_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Dedicated revenue","value":1015.6628223000001,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_dcs","upside_dcs_activity","upside_dcs_price","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_dcs_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Dedicated operating income before incremental cost step","value":121.87953867600001,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_dcs_rev","upside_dcs_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_ics_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Brokerage / ICS revenue","value":453.93309780000004,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_ics","upside_ics_activity","upside_ics_price","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_ics_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Brokerage / ICS operating income before incremental cost step","value":6.808996467,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_ics_rev","upside_ics_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fms_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Final Mile revenue","value":214.21860327000005,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_fms","upside_fms_activity","upside_fms_price","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fms_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Final Mile operating income before incremental cost step","value":8.568744130800003,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_fms_rev","upside_fms_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_jbt_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 revenue times activity, revenue per unit and timing factors.","label":"Truckload revenue","value":272.06846478,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_jbt","upside_jbt_activity","upside_jbt_price","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_jbt_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2-anchored segment margin sensitivity before the separately reconciled conference cost step; segment allocation of incremental costs is undisclosed.","label":"Truckload operating income before incremental cost step","value":4.0810269717,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_jbt_rev","upside_jbt_margin"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before intersegment eliminations.","label":"Segment revenue sum","value":3984.339980670001,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_jbi_rev","upside_2027q4_dcs_rev","upside_2027q4_ics_rev","upside_2027q4_fms_rev","upside_2027q4_jbt_rev"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_elim","case":"upside","kind":"derived","unit":"USD_millions","basis":"Q2 elimination scaled by timing; not another cost deduction.","label":"Intersegment elimination","value":5.5524000000000004,"period":"2027Q4","formula":{"op":"multiply","refs":["q2_elim","upside_2027q4_season"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross revenue less intersegment elimination.","label":"Consolidated revenue","value":3978.787580670001,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_gross_rev","upside_2027q4_elim"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Consolidated operating income after cost step","value":339.18400549750004,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_op_before_cost_step","upside_2027q4_cost_step"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_interest","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Approximately Q2 run rate. No debt-funded repurchase assumption.","label":"Net interest expense","value":17.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_pretax","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating income less net interest.","label":"Pretax income","value":322.18400549750004,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_op","upside_2027q4_interest"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Pretax income times after-tax factor.","label":"Net income","value":240.02708409563752,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_pretax","upside_tax_keep"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Weighted basic plus incremental award dilution; not a current fully diluted ownership claim.","label":"Modeled weighted diluted shares","value":94.679939,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_basic_shares","upside_2027q4_incremental_awards"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Net income / diluted shares, both in millions.","label":"Diluted EPS","value":2.5351419385223464,"period":"2027Q4","formula":{"op":"divide","refs":["upside_2027q4_net","upside_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net earnings already reflect modeled interest and tax. Add noncash expenses once, then signed operating balance movements. No separate duplicate interest/tax deduction.","label":"Operating cash from earnings bridge","value":445.1071461922876,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_net","upside_2027q4_da","upside_2027q4_sbc","upside_2027q4_other_noncash","upside_2027q4_working_capital"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Gross purchases less modeled cash disposal proceeds. Stress cases may differ from management net-capex range.","label":"Net capex","value":153.614,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_gross_capex","upside_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Operating cash less net capex, not gross-capex FCF.","label":"Cash after net capex","value":291.49314619228755,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_cfo","upside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 rev","value":14357.789301124001,"period":"FY2026","formula":{"op":"sum","refs":["h1_rev","upside_2026q3_rev","upside_2026q4_rev"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 op","value":1096.7562393570001,"period":"FY2026","formula":{"op":"sum","refs":["h1_op","upside_2026q3_op","upside_2026q4_op"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 net","value":766.7978983209651,"period":"FY2026","formula":{"op":"sum","refs":["h1_net","upside_2026q3_net","upside_2026q4_net"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 cfo","value":1578.394886815345,"period":"FY2026","formula":{"op":"sum","refs":["h1_cfo","upside_2026q3_cfo","upside_2026q4_cfo"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus modeled H2.","label":"FY2026 capex","value":582.228,"period":"FY2026","formula":{"op":"sum","refs":["h1_capex","upside_2026q3_capex","upside_2026q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_h2_share_sum","case":"upside","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"H2 share sum","value":189.089878,"period":"FY2026","formula":{"op":"sum","refs":["upside_2026q3_shares","upside_2026q4_shares"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_h2_share_mean","case":"upside","kind":"derived","unit":"shares_millions","basis":"Two-quarter average.","label":"H2 weighted shares","value":94.544939,"period":"FY2026","formula":{"op":"multiply","refs":["upside_fy2026_h2_share_sum","upside_half"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_share_sum","case":"upside","kind":"derived","unit":"shares_millions","basis":"Reported H1 plus modeled H2.","label":"Two half-year share counts","value":189.61793899999998,"period":"FY2026","formula":{"op":"sum","refs":["h1_shares","upside_fy2026_h2_share_mean"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":94.80896949999999,"period":"FY2026","formula":{"op":"multiply","refs":["upside_fy2026_share_sum","upside_half"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":8.087820196389385,"period":"FY2026","formula":{"op":"divide","refs":["upside_fy2026_net","upside_fy2026_shares"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":996.166886815345,"period":"FY2026","formula":{"op":"subtract","refs":["upside_fy2026_cfo","upside_fy2026_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_rev","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 rev","value":15460.431742032002,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_rev","upside_2027q2_rev","upside_2027q3_rev","upside_2027q4_rev"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_op","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 op","value":1317.4007070760001,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_op","upside_2027q2_op","upside_2027q3_op","upside_2027q4_op"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_net","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 net","value":930.8035267716201,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_net","upside_2027q2_net","upside_2027q3_net","upside_2027q4_net"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cfo","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 cfo","value":1753.3973680614604,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_cfo","upside_2027q2_cfo","upside_2027q3_cfo","upside_2027q4_cfo"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of all four modeled quarters.","label":"FY2027 capex","value":614.456,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_capex","upside_2027q2_capex","upside_2027q3_capex","upside_2027q4_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_share_sum","case":"upside","kind":"derived","unit":"shares_millions","basis":"Before averaging.","label":"Quarterly share-count sum","value":378.539756,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_shares","upside_2027q2_shares","upside_2027q3_shares","upside_2027q4_shares"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Equal-period average of weighted share counts, not their sum; day-weighting is approximated.","label":"Annual diluted shares","value":94.634939,"period":"FY2027","formula":{"op":"multiply","refs":["upside_fy2027_share_sum","upside_quarter"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_eps","case":"upside","kind":"derived","unit":"USD_per_share","basis":"Annual net income / annual shares, not the sum of quarterly EPS.","label":"Annual diluted EPS","value":9.83572807894577,"period":"FY2027","formula":{"op":"divide","refs":["upside_fy2027_net","upside_fy2027_shares"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_fcf","case":"upside","kind":"derived","unit":"USD_millions","basis":"Annual operating cash less net capex.","label":"Annual cash after net capex","value":1138.9413680614603,"period":"FY2027","formula":{"op":"subtract","refs":["upside_fy2027_cfo","upside_fy2027_capex"]},"source_url":null,"source_date":null},{"id":"h1_da","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 depreciation and amortization","value":360.02,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_sbc","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 share-based compensation","value":38.084,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_noncash_lease","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 noncash lease expense","value":44.933,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_equipment_loss","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 equipment sale loss and other","value":3.708,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_deferred_tax","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 deferred tax adjustment","value":3.203,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_receivables","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 receivables cash movement","value":-300.9,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_other_assets","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 other assets cash movement","value":56.005,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_payables","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 payables cash movement","value":117.948,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_tax_balances","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 tax balances cash movement","value":56.055,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_claims","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 claims accrual cash movement","value":17.125,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_payroll_other","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 payroll and other accrual cash movement","value":4.498,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_gross_capex","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 gross PP&E cash purchases","value":227.175,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_equipment_proceeds","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 equipment-sale cash proceeds","value":82.228,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_dividends","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 common dividends paid","value":85.014,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_debt_inflows","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 gross debt and revolver proceeds","value":1405.8,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_debt_outflows","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 debt and revolver repayments","value":1728.6,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_buybacks","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 treasury stock cash purchases","value":177.831,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_award_tax_cash","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"H1 payroll-tax share repurchase and other cash","value":5.796,"period":"2026 H1","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_other_noncash","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 other noncash adjustments","value":51.844,"period":"2026 H1","formula":{"op":"sum","refs":["h1_noncash_lease","h1_equipment_loss","h1_deferred_tax"]},"source_url":null,"source_date":null},{"id":"h1_working_capital","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 operating balance changes","value":-49.269,"period":"2026 H1","formula":{"op":"sum","refs":["h1_receivables","h1_other_assets","h1_payables","h1_tax_balances","h1_claims","h1_payroll_other"]},"source_url":null,"source_date":null},{"id":"h1_cfo_rebuilt","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 earnings-to-cash reconciliation","value":723.2660000000001,"period":"2026 H1","formula":{"op":"sum","refs":["h1_net","h1_da","h1_sbc","h1_other_noncash","h1_working_capital"]},"source_url":null,"source_date":null},{"id":"h1_fcf","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 cash after net capex","value":578.319,"period":"2026 H1","formula":{"op":"subtract","refs":["h1_cfo","h1_capex"]},"source_url":null,"source_date":null},{"id":"h1_cash_after_dividends","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 cash after net capex and dividends","value":493.30499999999995,"period":"2026 H1","formula":{"op":"subtract","refs":["h1_fcf","h1_dividends"]},"source_url":null,"source_date":null},{"id":"h1_net_debt_cash","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 net debt cash flow","value":-322.79999999999995,"period":"2026 H1","formula":{"op":"subtract","refs":["h1_debt_inflows","h1_debt_outflows"]},"source_url":null,"source_date":null},{"id":"h1_equity_cash","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 shareholder and award-tax cash","value":268.64099999999996,"period":"2026 H1","formula":{"op":"sum","refs":["h1_buybacks","h1_award_tax_cash","h1_dividends"]},"source_url":null,"source_date":null},{"id":"h1_financing_cash","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"H1 financing cash flow","value":-591.4409999999999,"period":"2026 H1","formula":{"op":"subtract","refs":["h1_net_debt_cash","h1_equity_cash"]},"source_url":null,"source_date":null},{"id":"opening_cash","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"December 2025 cash","value":17.284,"period":"2025-12-31","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"june_cash","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"June cash","value":4.162,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"h1_cash_rebuilt","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"June cash reconciliation","value":4.162000000000035,"period":"2026-06-30","formula":{"op":"sum","refs":["opening_cash","h1_fcf","h1_financing_cash"]},"source_url":null,"source_date":null},{"id":"june_common_shares","case":"shared","kind":"reported","unit":"shares_millions","basis":"Cover: 93,914,939 outstanding on June 30. A dated basic count, not current fully diluted equity.","label":"June period-end common shares","value":93.914939,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"q2_basic_shares","case":"shared","kind":"reported","unit":"shares_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"Q2 weighted basic shares","value":94.125,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"q2_diluted_shares","case":"shared","kind":"reported","unit":"shares_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"Q2 weighted diluted shares","value":94.944,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"q2_incremental_awards","case":"shared","kind":"derived","unit":"shares_millions","basis":"Weighted diluted minus weighted basic shares; not total unvested awards or current fully diluted equity.","label":"Q2 weighted incremental dilution","value":0.8190000000000026,"period":"2026Q2","formula":{"op":"subtract","refs":["q2_diluted_shares","q2_basic_shares"]},"source_url":null,"source_date":null},{"id":"june_debt_carrying","case":"shared","kind":"reported","unit":"USD_millions","basis":"Balance-sheet debt after discounts/issuance costs; not redemption principal.","label":"June debt carrying amount","value":1145.337,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"june_revolver_drawn","case":"shared","kind":"reported","unit":"USD_millions","basis":"June 2026 Form 10-Q; source amounts converted from thousands to millions.","label":"June revolver principal","value":54.0,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"june_term_principal","case":"shared","kind":"reported","unit":"USD_millions","basis":"Term loans mature November 2028.","label":"June term-loan principal","value":350.0,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"june_notes_principal","case":"shared","kind":"reported","unit":"USD_millions","basis":"4.90% notes mature March 2030; prior $700M notes paid March 2026.","label":"June senior-note principal","value":750.0,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"june_debt_principal","case":"shared","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"June total debt principal","value":1154.0,"period":"2026-06-30","formula":{"op":"sum","refs":["june_revolver_drawn","june_term_principal","june_notes_principal"]},"source_url":null,"source_date":null},{"id":"june_repurchase_authority","case":"shared","kind":"reported","unit":"USD_millions","basis":"Authorization is neither a cash receipt nor completed share retirement; no forecast repurchases.","label":"Unused June repurchase authority","value":791.4,"period":"2026-06-30","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926024397/jbht20260630_10q.htm","source_date":"2026-07-24"},{"id":"shared_half","case":"shared","kind":"assumption","unit":"ratio","basis":"Two equal quarters for a transparent H1 run-rate anchor.","label":"Half-year to quarter factor","value":0.5,"period":"Run rate","formula":null,"source_url":null,"source_date":null},{"id":"quarter_equipment_proceeds_anchor","case":"shared","kind":"derived","unit":"USD_millions","basis":"Historical timing anchor used to translate planned net capex into a gross purchase budget, not future sale guidance.","label":"H1 equipment-sale proceeds per quarter","value":41.114,"period":"Run rate","formula":{"op":"multiply","refs":["h1_equipment_proceeds","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_working_capital_ratio","case":"downside","kind":"assumption","unit":"ratio","basis":"Signed cash movement across receivables, payables, other assets, tax, claims and payroll. H1 combined use was $49.269M; negative consumes cash. Includes residual lease-payment timing; not a full lease schedule.","label":"Operating balance cash change / revenue","value":-0.025,"period":"Forecast","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-82.7388648025,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":327.5265,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_remaining_capex26","downside_half"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":368.6405,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":93.989939,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","downside_2026q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.06493900000001,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","downside_2026q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.29547255000001,"period":"2026Q3","formula":{"op":"multiply","refs":["downside_2026q3_basic_millions_factor","downside_2026q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-139.03215361248698,"period":"2026Q3","formula":{"op":"subtract","refs":["downside_2026q3_fcf","downside_2026q3_dividends"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-84.39364209855,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":327.5265,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_remaining_capex26","downside_half"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":368.6405,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.13993900000001,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q3_ending_common","downside_2026q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.21493900000002,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q3_ending_common","downside_2026q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.36297255000001,"period":"2026Q4","formula":{"op":"multiply","refs":["downside_2026q4_basic_millions_factor","downside_2026q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-128.37575723373664,"period":"2026Q4","formula":{"op":"subtract","refs":["downside_2026q4_fcf","downside_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-80.256698858425,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":212.5,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_annual_capex27","downside_quarter"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":253.614,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.28993900000002,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2026q4_ending_common","downside_2027q1_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.36493900000002,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2026q4_ending_common","downside_2027q1_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.43047255000001,"period":"2027Q1","formula":{"op":"multiply","refs":["downside_2027q1_basic_millions_factor","downside_2027q1_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-5.770248180612377,"period":"2027Q1","formula":{"op":"subtract","refs":["downside_2027q1_fcf","downside_2027q1_dividends"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-85.221030746575,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":212.5,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_annual_capex27","downside_quarter"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":253.614,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.43993900000002,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q1_ending_common","downside_2027q2_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.51493900000003,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q1_ending_common","downside_2027q2_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.497972550000014,"period":"2027Q2","formula":{"op":"multiply","refs":["downside_2027q2_basic_millions_factor","downside_2027q2_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-1.6035590443616456,"period":"2027Q2","formula":{"op":"subtract","refs":["downside_2027q2_fcf","downside_2027q2_dividends"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-85.221030746575,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":212.5,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_annual_capex27","downside_quarter"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":253.614,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.58993900000003,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q2_ending_common","downside_2027q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.66493900000003,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q2_ending_common","downside_2027q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.56547255000002,"period":"2027Q3","formula":{"op":"multiply","refs":["downside_2027q3_basic_millions_factor","downside_2027q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-1.6710590443616482,"period":"2027Q3","formula":{"op":"subtract","refs":["downside_2027q3_fcf","downside_2027q3_dividends"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_da","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_sbc","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_other_noncash","case":"downside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_equipment_proceeds","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":30.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_dividend_per_share","case":"downside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_working_capital","case":"downside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-86.87580804262501,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_rev","downside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_planned_net_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":212.5,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_annual_capex27","downside_quarter"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":253.614,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_net_award_issuance","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.15,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_incremental_awards","case":"downside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":1.2,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_half_issuance","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.075,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_basic_shares","case":"downside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.73993900000004,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q3_ending_common","downside_2027q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_ending_common","case":"downside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.81493900000004,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q3_ending_common","downside_2027q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.63297255000002,"period":"2027Q4","formula":{"op":"multiply","refs":["downside_2027q4_basic_millions_factor","downside_2027q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":-0.32716266561131135,"period":"2027Q4","formula":{"op":"subtract","refs":["downside_2027q4_fcf","downside_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 gross capex","value":964.4559999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_capex","downside_2026q3_gross_capex","downside_2026q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_equipment_proceeds","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 equipment proceeds","value":142.228,"period":"FY2026","formula":{"op":"sum","refs":["h1_equipment_proceeds","downside_2026q3_equipment_proceeds","downside_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 dividends","value":169.6724451,"period":"FY2026","formula":{"op":"sum","refs":["h1_dividends","downside_2026q3_dividends","downside_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"downside_fy2026_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 cash after dividends","value":225.89708915377634,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_dividends","downside_2026q3_cash_after_dividends","downside_2026q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_gross_capex","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 gross capex","value":1014.456,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_gross_capex","downside_2027q2_gross_capex","downside_2027q3_gross_capex","downside_2027q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_equipment_proceeds","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 equipment proceeds","value":120.0,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_equipment_proceeds","downside_2027q2_equipment_proceeds","downside_2027q3_equipment_proceeds","downside_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 dividends","value":170.12689020000005,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_dividends","downside_2027q2_dividends","downside_2027q3_dividends","downside_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"downside_fy2027_cash_after_dividends","case":"downside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 cash after dividends","value":-9.372028934946982,"period":"FY2027","formula":{"op":"sum","refs":["downside_2027q1_cash_after_dividends","downside_2027q2_cash_after_dividends","downside_2027q3_cash_after_dividends","downside_2027q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"base_working_capital_ratio","case":"base","kind":"assumption","unit":"ratio","basis":"Signed cash movement across receivables, payables, other assets, tax, claims and payroll. H1 combined use was $49.269M; negative consumes cash. Includes residual lease-payment timing; not a full lease schedule.","label":"Operating balance cash change / revenue","value":-0.01,"period":"Forecast","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-37.6688925766,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2026q3_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":277.5265,"period":"2026Q3","formula":{"op":"multiply","refs":["base_remaining_capex26","base_half"]},"source_url":null,"source_date":null},{"id":"base_2026q3_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":318.6405,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2026q3_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2026q3_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":93.944939,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","base_2026q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2026q3_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":93.974939,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","base_2026q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2026q3_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.27522255,"period":"2026Q3","formula":{"op":"multiply","refs":["base_2026q3_basic_millions_factor","base_2026q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2026q3_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":34.76226440574171,"period":"2026Q3","formula":{"op":"subtract","refs":["base_2026q3_fcf","base_2026q3_dividends"]},"source_url":null,"source_date":null},{"id":"base_2026q4_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-36.247424932200005,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2026q4_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":277.5265,"period":"2026Q4","formula":{"op":"multiply","refs":["base_remaining_capex26","base_half"]},"source_url":null,"source_date":null},{"id":"base_2026q4_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":318.6405,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2026q4_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2026q4_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.00493900000001,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q3_ending_common","base_2026q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2026q4_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.03493900000001,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q3_ending_common","base_2026q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2026q4_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.30222255,"period":"2026Q4","formula":{"op":"multiply","refs":["base_2026q4_basic_millions_factor","base_2026q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2026q4_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":41.280123388543934,"period":"2026Q4","formula":{"op":"subtract","refs":["base_2026q4_fcf","base_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"base_2027q1_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-34.4705903767,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2027q1_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":187.5,"period":"2027Q1","formula":{"op":"multiply","refs":["base_annual_capex27","base_quarter"]},"source_url":null,"source_date":null},{"id":"base_2027q1_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":228.614,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2027q1_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2027q1_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.06493900000001,"period":"2027Q1","formula":{"op":"sum","refs":["base_2026q4_ending_common","base_2027q1_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q1_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.09493900000001,"period":"2027Q1","formula":{"op":"sum","refs":["base_2026q4_ending_common","base_2027q1_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q1_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.329222550000004,"period":"2027Q1","formula":{"op":"multiply","refs":["base_2027q1_basic_millions_factor","base_2027q1_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2027q1_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":130.6138221170467,"period":"2027Q1","formula":{"op":"subtract","refs":["base_2027q1_fcf","base_2027q1_dividends"]},"source_url":null,"source_date":null},{"id":"base_2027q2_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-36.6027918433,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2027q2_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":187.5,"period":"2027Q2","formula":{"op":"multiply","refs":["base_annual_capex27","base_quarter"]},"source_url":null,"source_date":null},{"id":"base_2027q2_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":228.614,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2027q2_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2027q2_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.12493900000001,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q1_ending_common","base_2027q2_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q2_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.15493900000001,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q1_ending_common","base_2027q2_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q2_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.356222550000005,"period":"2027Q2","formula":{"op":"multiply","refs":["base_2027q2_basic_millions_factor","base_2027q2_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2027q2_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":140.32578364284333,"period":"2027Q2","formula":{"op":"subtract","refs":["base_2027q2_fcf","base_2027q2_dividends"]},"source_url":null,"source_date":null},{"id":"base_2027q3_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-36.6027918433,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2027q3_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":187.5,"period":"2027Q3","formula":{"op":"multiply","refs":["base_annual_capex27","base_quarter"]},"source_url":null,"source_date":null},{"id":"base_2027q3_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":228.614,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2027q3_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2027q3_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.18493900000001,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q2_ending_common","base_2027q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q3_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.21493900000002,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q2_ending_common","base_2027q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q3_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.383222550000006,"period":"2027Q3","formula":{"op":"multiply","refs":["base_2027q3_basic_millions_factor","base_2027q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2027q3_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":140.29878364284335,"period":"2027Q3","formula":{"op":"subtract","refs":["base_2027q3_fcf","base_2027q3_dividends"]},"source_url":null,"source_date":null},{"id":"base_2027q4_da","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_sbc","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_other_noncash","case":"base","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_equipment_proceeds","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":41.114,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_dividend_per_share","case":"base","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_working_capital","case":"base","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-37.31352566550001,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_rev","base_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"base_2027q4_planned_net_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":187.5,"period":"2027Q4","formula":{"op":"multiply","refs":["base_annual_capex27","base_quarter"]},"source_url":null,"source_date":null},{"id":"base_2027q4_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":228.614,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"base_2027q4_net_award_issuance","case":"base","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.06,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_incremental_awards","case":"base","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.819,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_half_issuance","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.03,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"base_2027q4_basic_shares","case":"base","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.24493900000002,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q3_ending_common","base_2027q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q4_ending_common","case":"base","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.27493900000002,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q3_ending_common","base_2027q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"base_2027q4_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.41022255000001,"period":"2027Q4","formula":{"op":"multiply","refs":["base_2027q4_basic_millions_factor","base_2027q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"base_2027q4_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":143.5181041514423,"period":"2027Q4","formula":{"op":"subtract","refs":["base_2027q4_fcf","base_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"base_fy2026_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 gross capex","value":864.4559999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_capex","base_2026q3_gross_capex","base_2026q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2026_equipment_proceeds","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 equipment proceeds","value":164.456,"period":"FY2026","formula":{"op":"sum","refs":["h1_equipment_proceeds","base_2026q3_equipment_proceeds","base_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_fy2026_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 dividends","value":169.59144510000002,"period":"FY2026","formula":{"op":"sum","refs":["h1_dividends","base_2026q3_dividends","base_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"base_fy2026_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 cash after dividends","value":569.3473877942856,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_dividends","base_2026q3_cash_after_dividends","base_2026q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"base_fy2027_gross_capex","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 gross capex","value":914.456,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_gross_capex","base_2027q2_gross_capex","base_2027q3_gross_capex","base_2027q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"base_fy2027_equipment_proceeds","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 equipment proceeds","value":164.456,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_equipment_proceeds","base_2027q2_equipment_proceeds","base_2027q3_equipment_proceeds","base_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"base_fy2027_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 dividends","value":169.47889020000002,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_dividends","base_2027q2_dividends","base_2027q3_dividends","base_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"base_fy2027_cash_after_dividends","case":"base","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 cash after dividends","value":554.7564935541757,"period":"FY2027","formula":{"op":"sum","refs":["base_2027q1_cash_after_dividends","base_2027q2_cash_after_dividends","base_2027q3_cash_after_dividends","base_2027q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"upside_working_capital_ratio","case":"upside","kind":"assumption","unit":"ratio","basis":"Signed cash movement across receivables, payables, other assets, tax, claims and payroll. H1 combined use was $49.269M; negative consumes cash. Includes residual lease-payment timing; not a full lease schedule.","label":"Operating balance cash change / revenue","value":-0.005,"period":"Forecast","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-19.704471828080006,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":227.5265,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_remaining_capex26","upside_half"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":268.6405,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":93.929939,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","upside_2026q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":93.944939,"period":"2026Q3","formula":{"op":"sum","refs":["june_common_shares","upside_2026q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.268472550000006,"period":"2026Q3","formula":{"op":"multiply","refs":["upside_2026q3_basic_millions_factor","upside_2026q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":159.59557224998002,"period":"2026Q3","formula":{"op":"subtract","refs":["upside_2026q3_fcf","upside_2026q3_dividends"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-19.325539677540004,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":227.5265,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_remaining_capex26","upside_half"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":268.6405,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":93.959939,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q3_ending_common","upside_2026q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":93.974939,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q3_ending_common","upside_2026q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.281972550000006,"period":"2026Q4","formula":{"op":"multiply","refs":["upside_2026q4_basic_millions_factor","upside_2026q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":173.70186946536515,"period":"2026Q4","formula":{"op":"subtract","refs":["upside_2026q4_fcf","upside_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-18.378209301190005,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":162.5,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_annual_capex27","upside_quarter"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":203.614,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":93.989939,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2026q4_ending_common","upside_2027q1_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.00493900000001,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2026q4_ending_common","upside_2027q1_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.29547255000001,"period":"2027Q1","formula":{"op":"multiply","refs":["upside_2027q1_basic_millions_factor","upside_2027q1_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":231.17686250382758,"period":"2027Q1","formula":{"op":"subtract","refs":["upside_2027q1_fcf","upside_2027q1_dividends"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-19.51500575281,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":162.5,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_annual_capex27","upside_quarter"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":203.614,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.01993900000001,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q1_ending_common","upside_2027q2_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.03493900000001,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q1_ending_common","upside_2027q2_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.30897255000001,"period":"2027Q2","formula":{"op":"multiply","refs":["upside_2027q2_basic_millions_factor","upside_2027q2_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":244.67897085767254,"period":"2027Q2","formula":{"op":"subtract","refs":["upside_2027q2_fcf","upside_2027q2_dividends"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-19.51500575281,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":162.5,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_annual_capex27","upside_quarter"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":203.614,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.04993900000001,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q2_ending_common","upside_2027q3_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.06493900000001,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q2_ending_common","upside_2027q3_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.32247255000001,"period":"2027Q3","formula":{"op":"multiply","refs":["upside_2027q3_basic_millions_factor","upside_2027q3_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":244.66547085767255,"period":"2027Q3","formula":{"op":"subtract","refs":["upside_2027q3_fcf","upside_2027q3_dividends"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_da","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; add back noncash expense already inside assumed GAAP margins. Changing composition with margins fixed is a cash-conversion sensitivity.","label":"D&A already included in segment margins","value":180.01,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_sbc","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 divided by two; added back once for cash, while award dilution is modeled separately. Not an economic free cost.","label":"SBC already included in segment margins","value":19.042,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_other_noncash","case":"upside","kind":"assumption","unit":"USD_millions","basis":"H1 noncash lease expense, equipment loss and deferred tax divided by two. Operating balance changes carry payment timing; no separate second lease deduction.","label":"Other noncash/timing adjustments","value":25.922,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_equipment_proceeds","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk realization sensitivity against a fixed gross purchase plan. P&L gain/loss depends on book value and is held separately.","label":"Equipment-sale cash proceeds","value":50.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_dividend_per_share","case":"upside","kind":"assumption","unit":"USD_millions","basis":"A $0.45 per-share dividend means $0.45M per one million common shares. Continuation of the July-declared rate is an assumption; future declarations may differ.","label":"Dividend cash per one million common shares","value":0.45,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_working_capital","case":"upside","kind":"derived","unit":"USD_millions","basis":"Arithmetic from separately identified inputs.","label":"Operating balance cash movement","value":-19.893937903350004,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_rev","upside_working_capital_ratio"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_planned_net_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Net spending after equipment-sale proceeds.","label":"Planned net capex before disposal sensitivity","value":162.5,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_annual_capex27","upside_quarter"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Existing net investment budget plus historical quarterly sale-proceeds anchor. Gross purchases stay fixed when actual disposal proceeds change.","label":"Gross PP&E cash purchases","value":203.614,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_planned_net_capex","quarter_equipment_proceeds_anchor"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_net_award_issuance","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Desk quarterly net vesting/new common shares after tax withholding; no public offering proceeds or repurchases assumed.","label":"Net common award issuance assumption","value":0.03,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_incremental_awards","case":"upside","kind":"assumption","unit":"shares_millions","basis":"Weighted EPS dilution allowance, separately from issued common shares. Base uses Q2 0.819M; replenishment/vesting and price effects require review. Not current fully diluted valuation shares.","label":"Incremental weighted award dilution assumption","value":0.6,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_half_issuance","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Half-quarter new common shares","value":0.015,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_net_award_issuance","shared_half"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_basic_shares","case":"upside","kind":"derived","unit":"shares_millions","basis":"Opening dated basic balance plus half the assumed quarter issuance. No retirement from unspent buyback authority.","label":"Modeled weighted basic shares","value":94.07993900000001,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q3_ending_common","upside_2027q4_half_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_ending_common","case":"upside","kind":"derived","unit":"shares_millions","basis":"Arithmetic from separately identified inputs.","label":"Modeled ending common shares","value":94.09493900000001,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q3_ending_common","upside_2027q4_net_award_issuance"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Approximation using weighted basic shares, excluding unissued diluted equivalents; actual record-date shares may differ.","label":"Assumed common dividend cash","value":42.33597255000001,"period":"2027Q4","formula":{"op":"multiply","refs":["upside_2027q4_basic_millions_factor","upside_2027q4_dividend_per_share"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Before debt principal, buybacks, award withholding, financing and acquisitions. Not a cash balance or distributable valuation cash.","label":"Cash after net capex and dividends","value":249.15717364228755,"period":"2027Q4","formula":{"op":"subtract","refs":["upside_2027q4_fcf","upside_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 gross capex","value":764.4559999999999,"period":"FY2026","formula":{"op":"sum","refs":["h1_gross_capex","upside_2026q3_gross_capex","upside_2026q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_equipment_proceeds","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 equipment proceeds","value":182.228,"period":"FY2026","formula":{"op":"sum","refs":["h1_equipment_proceeds","upside_2026q3_equipment_proceeds","upside_2026q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 dividends","value":169.5644451,"period":"FY2026","formula":{"op":"sum","refs":["h1_dividends","upside_2026q3_dividends","upside_2026q4_dividends"]},"source_url":null,"source_date":null},{"id":"upside_fy2026_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2026 cash after dividends","value":826.6024417153451,"period":"FY2026","formula":{"op":"sum","refs":["h1_cash_after_dividends","upside_2026q3_cash_after_dividends","upside_2026q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_gross_capex","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 gross capex","value":814.456,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_gross_capex","upside_2027q2_gross_capex","upside_2027q3_gross_capex","upside_2027q4_gross_capex"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_equipment_proceeds","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 equipment proceeds","value":200.0,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_equipment_proceeds","upside_2027q2_equipment_proceeds","upside_2027q3_equipment_proceeds","upside_2027q4_equipment_proceeds"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 dividends","value":169.26289020000004,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_dividends","upside_2027q2_dividends","upside_2027q3_dividends","upside_2027q4_dividends"]},"source_url":null,"source_date":null},{"id":"upside_fy2027_cash_after_dividends","case":"upside","kind":"derived","unit":"USD_millions","basis":"Reported H1 plus H2 for 2026; four forecast quarters for 2027.","label":"FY2027 cash after dividends","value":969.6784778614601,"period":"FY2027","formula":{"op":"sum","refs":["upside_2027q1_cash_after_dividends","upside_2027q2_cash_after_dividends","upside_2027q3_cash_after_dividends","upside_2027q4_cash_after_dividends"]},"source_url":null,"source_date":null},{"id":"one_million_common","case":"shared","kind":"assumption","unit":"shares_millions","basis":"Unit conversion only, not a share forecast.","label":"One million common shares normalization","value":1.0,"period":"Forecast","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":93.989939,"period":"2026Q3","formula":{"op":"divide","refs":["downside_2026q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.13993900000001,"period":"2026Q4","formula":{"op":"divide","refs":["downside_2026q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.28993900000002,"period":"2027Q1","formula":{"op":"divide","refs":["downside_2027q1_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.43993900000002,"period":"2027Q2","formula":{"op":"divide","refs":["downside_2027q2_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.58993900000003,"period":"2027Q3","formula":{"op":"divide","refs":["downside_2027q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_basic_millions_factor","case":"downside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.73993900000004,"period":"2027Q4","formula":{"op":"divide","refs":["downside_2027q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2026q3_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":93.944939,"period":"2026Q3","formula":{"op":"divide","refs":["base_2026q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2026q4_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.00493900000001,"period":"2026Q4","formula":{"op":"divide","refs":["base_2026q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2027q1_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.06493900000001,"period":"2027Q1","formula":{"op":"divide","refs":["base_2027q1_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2027q2_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.12493900000001,"period":"2027Q2","formula":{"op":"divide","refs":["base_2027q2_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2027q3_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.18493900000001,"period":"2027Q3","formula":{"op":"divide","refs":["base_2027q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"base_2027q4_basic_millions_factor","case":"base","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.24493900000002,"period":"2027Q4","formula":{"op":"divide","refs":["base_2027q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":93.929939,"period":"2026Q3","formula":{"op":"divide","refs":["upside_2026q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":93.959939,"period":"2026Q4","formula":{"op":"divide","refs":["upside_2026q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":93.989939,"period":"2027Q1","formula":{"op":"divide","refs":["upside_2027q1_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.01993900000001,"period":"2027Q2","formula":{"op":"divide","refs":["upside_2027q2_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.04993900000001,"period":"2027Q3","formula":{"op":"divide","refs":["upside_2027q3_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_basic_millions_factor","case":"upside","kind":"derived","unit":"ratio","basis":"Normalize common shares explicitly before multiplying by dividend cash per million shares.","label":"Basic shares / one million shares","value":94.07993900000001,"period":"2027Q4","formula":{"op":"divide","refs":["upside_2027q4_basic_shares","one_million_common"]},"source_url":null,"source_date":null},{"id":"guide_driver_cost","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"September 15 CFO remarks at 7:19-7:46 of the Quartr-distributed event recording: recruitment, onboarding, training and sign-on costs; about $25M sequential increase. Verified against independent local audio transcription.","label":"Q3 incremental driver costs vs Q2","value":25.0,"period":"2026Q3","formula":null,"source_url":"https://files.quartr.com/audio-files/8433955058c6eb131c6dbdf1fdbaf841-2026-09-15-23-01-41.mpeg?ref=U0E=","source_date":"2026-09-15"},{"id":"guide_fuel_floor","case":"shared","kind":"management_guidance","unit":"USD_millions","basis":"September 15 CFO remarks at 8:00-8:10: at least $10M sequential fuel headwind. This is a floor, not an exact ceiling.","label":"Q3 incremental fuel headwind floor vs Q2","value":10.0,"period":"2026Q3","formula":null,"source_url":"https://files.quartr.com/audio-files/8433955058c6eb131c6dbdf1fdbaf841-2026-09-15-23-01-41.mpeg?ref=U0E=","source_date":"2026-09-15"},{"id":"guide_earnings_drop_low","case":"shared","kind":"management_guidance","unit":"ratio","basis":"September 15 recording at 5:26-5:51 says earnings decline of 5%-10% versus Q2, with growth offsets. Do not relabel the ambiguous earnings wording as precise EPS or net-income dollar guidance.","label":"Sequential Q3 earnings decline low","value":0.05,"period":"2026Q3","formula":null,"source_url":"https://files.quartr.com/audio-files/8433955058c6eb131c6dbdf1fdbaf841-2026-09-15-23-01-41.mpeg?ref=U0E=","source_date":"2026-09-15"},{"id":"guide_earnings_drop_high","case":"shared","kind":"management_guidance","unit":"ratio","basis":"Upper end of stated sequential earnings decline range; scenario net earnings/EPS are calculated separately, not company dollar targets.","label":"Sequential Q3 earnings decline high","value":0.1,"period":"2026Q3","formula":null,"source_url":"https://files.quartr.com/audio-files/8433955058c6eb131c6dbdf1fdbaf841-2026-09-15-23-01-41.mpeg?ref=U0E=","source_date":"2026-09-15"},{"id":"q2_net","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported quarter comparator; not itself September guidance.","label":"Q2 reported net earnings","value":181.034,"period":"2026Q2","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/728535/000143774926023629/ex_987956.htm","source_date":"2026-07-15"},{"id":"downside_2026q3_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":10.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":10.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q3_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":25.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2026q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":10.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2026q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":55.0,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_driver_step","downside_2026q3_fuel_minimum_step","downside_2026q3_fuel_extra","downside_2026q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":205.7834681074,"period":"2026Q3","formula":{"op":"sum","refs":["downside_2026q3_jbi_op","downside_2026q3_dcs_op","downside_2026q3_ics_op","downside_2026q3_fms_op","downside_2026q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2026q3_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.5505522926080902,"period":"2026Q3","formula":{"op":"divide","refs":["downside_2026q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":1.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.75,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":10.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2026q4_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":25.0,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2026q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":7.5,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2026q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":42.5,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_driver_step","downside_2026q4_fuel_minimum_step","downside_2026q4_fuel_extra","downside_2026q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":209.899137469548,"period":"2026Q4","formula":{"op":"sum","refs":["downside_2026q4_jbi_op","downside_2026q4_dcs_op","downside_2026q4_ics_op","downside_2026q4_fms_op","downside_2026q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2026q4_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.6189299104853965,"period":"2026Q4","formula":{"op":"divide","refs":["downside_2026q4_net","q2_net"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.8,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.25,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q1_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":20.0,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2027q1_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":2.5,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2027q1_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":27.5,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_driver_step","downside_2027q1_fuel_minimum_step","downside_2027q1_fuel_extra","downside_2027q1_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":199.60996406417797,"period":"2027Q1","formula":{"op":"sum","refs":["downside_2027q1_jbi_op","downside_2027q1_dcs_op","downside_2027q1_ics_op","downside_2027q1_fms_op","downside_2027q1_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2027q1_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.6383161352442779,"period":"2027Q1","formula":{"op":"divide","refs":["downside_2027q1_net","q2_net"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.8,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.25,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q2_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":20.0,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2027q2_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":2.5,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2027q2_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":27.5,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_driver_step","downside_2027q2_fuel_minimum_step","downside_2027q2_fuel_extra","downside_2027q2_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":211.956972150622,"period":"2027Q2","formula":{"op":"sum","refs":["downside_2027q2_jbi_op","downside_2027q2_dcs_op","downside_2027q2_ics_op","downside_2027q2_fms_op","downside_2027q2_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2027q2_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.6891271487798611,"period":"2027Q2","formula":{"op":"divide","refs":["downside_2027q2_net","q2_net"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.8,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.25,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q3_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":20.0,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2027q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":2.5,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2027q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":27.5,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_driver_step","downside_2027q3_fuel_minimum_step","downside_2027q3_fuel_extra","downside_2027q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":211.956972150622,"period":"2027Q3","formula":{"op":"sum","refs":["downside_2027q3_jbi_op","downside_2027q3_dcs_op","downside_2027q3_ics_op","downside_2027q3_fms_op","downside_2027q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2027q3_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.6891271487798611,"period":"2027Q3","formula":{"op":"divide","refs":["downside_2027q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_driver_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.8,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_fuel_retention","case":"downside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.25,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_fuel_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_claims_extra","case":"downside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"downside_2027q4_driver_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":20.0,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_driver_cost","downside_2027q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_fuel_minimum_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":2.5,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","downside_2027q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":27.5,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_driver_step","downside_2027q4_fuel_minimum_step","downside_2027q4_fuel_extra","downside_2027q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_op_before_cost_step","case":"downside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":216.07264151277,"period":"2027Q4","formula":{"op":"sum","refs":["downside_2027q4_jbi_op","downside_2027q4_dcs_op","downside_2027q4_ics_op","downside_2027q4_fms_op","downside_2027q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"downside_2027q4_earnings_ratio_q2","case":"downside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.7060641532917223,"period":"2027Q4","formula":{"op":"divide","refs":["downside_2027q4_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2026q3_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q3_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":25.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_driver_cost","base_2026q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2026q3_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":10.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2026q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2026q3_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":40.0,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_driver_step","base_2026q3_fuel_minimum_step","base_2026q3_fuel_extra","base_2026q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2026q3_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":281.50856313066004,"period":"2026Q3","formula":{"op":"sum","refs":["base_2026q3_jbi_op","base_2026q3_dcs_op","base_2026q3_ics_op","base_2026q3_fms_op","base_2026q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2026q3_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.9239086554588737,"period":"2026Q3","formula":{"op":"divide","refs":["base_2026q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2026q4_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.6,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.25,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":5.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2026q4_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":15.0,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_driver_cost","base_2026q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2026q4_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":2.5,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2026q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2026q4_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":22.5,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_driver_step","base_2026q4_fuel_minimum_step","base_2026q4_fuel_extra","base_2026q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2026q4_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":270.88559848422005,"period":"2026Q4","formula":{"op":"sum","refs":["base_2026q4_jbi_op","base_2026q4_dcs_op","base_2026q4_ics_op","base_2026q4_fms_op","base_2026q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2026q4_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.952209368796712,"period":"2026Q4","formula":{"op":"divide","refs":["base_2026q4_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2027q1_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.4,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":2.5,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q1_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":10.0,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_driver_cost","base_2027q1_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q1_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2027q1_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q1_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":12.5,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_driver_step","base_2027q1_fuel_minimum_step","base_2027q1_fuel_extra","base_2027q1_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2027q1_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":257.60689267617,"period":"2027Q1","formula":{"op":"sum","refs":["base_2027q1_jbi_op","base_2027q1_dcs_op","base_2027q1_ics_op","base_2027q1_fms_op","base_2027q1_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2027q1_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":0.9387166777718365,"period":"2027Q1","formula":{"op":"divide","refs":["base_2027q1_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2027q2_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.4,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":2.5,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q2_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":10.0,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_driver_cost","base_2027q2_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q2_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2027q2_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q2_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":12.5,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_driver_step","base_2027q2_fuel_minimum_step","base_2027q2_fuel_extra","base_2027q2_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2027q2_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":273.54133964583,"period":"2027Q2","formula":{"op":"sum","refs":["base_2027q2_jbi_op","base_2027q2_dcs_op","base_2027q2_ics_op","base_2027q2_fms_op","base_2027q2_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2027q2_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.004290895832514,"period":"2027Q2","formula":{"op":"divide","refs":["base_2027q2_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2027q3_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.4,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":2.5,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q3_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":10.0,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_driver_cost","base_2027q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q3_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2027q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q3_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":12.5,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_driver_step","base_2027q3_fuel_minimum_step","base_2027q3_fuel_extra","base_2027q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2027q3_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":273.54133964583,"period":"2027Q3","formula":{"op":"sum","refs":["base_2027q3_jbi_op","base_2027q3_dcs_op","base_2027q3_ics_op","base_2027q3_fms_op","base_2027q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2027q3_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.004290895832514,"period":"2027Q3","formula":{"op":"divide","refs":["base_2027q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"base_2027q4_driver_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.4,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_fuel_retention","case":"base","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_fuel_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_claims_extra","case":"base","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":2.5,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"base_2027q4_driver_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":10.0,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_driver_cost","base_2027q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q4_fuel_minimum_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","base_2027q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"base_2027q4_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":12.5,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_driver_step","base_2027q4_fuel_minimum_step","base_2027q4_fuel_extra","base_2027q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"base_2027q4_op_before_cost_step","case":"base","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":278.85282196905,"period":"2027Q4","formula":{"op":"sum","refs":["base_2027q4_jbi_op","base_2027q4_dcs_op","base_2027q4_ics_op","base_2027q4_fms_op","base_2027q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"base_2027q4_earnings_ratio_q2","case":"base","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.0261489685194067,"period":"2027Q4","formula":{"op":"divide","refs":["base_2027q4_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":1.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2026Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q3_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":25.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2026q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":10.0,"period":"2026Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2026q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":35.0,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_driver_step","upside_2026q3_fuel_minimum_step","upside_2026q3_fuel_extra","upside_2026q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":340.906062588,"period":"2026Q3","formula":{"op":"sum","refs":["upside_2026q3_jbi_op","upside_2026q3_dcs_op","upside_2026q3_ics_op","upside_2026q3_fms_op","upside_2026q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2026q3_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.188920405161793,"period":"2026Q3","formula":{"op":"divide","refs":["upside_2026q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.4,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2026Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2026q4_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":10.0,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2026q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2026Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2026q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":10.0,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_driver_step","upside_2026q4_fuel_minimum_step","upside_2026q4_fuel_extra","upside_2026q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":334.3501767690001,"period":"2026Q4","formula":{"op":"sum","refs":["upside_2026q4_jbi_op","upside_2026q4_dcs_op","upside_2026q4_ics_op","upside_2026q4_fms_op","upside_2026q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2026q4_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.2648225288780288,"period":"2026Q4","formula":{"op":"divide","refs":["upside_2026q4_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.2,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2027Q1","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q1_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":5.0,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2027q1_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q1","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2027q1_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":5.0,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_driver_step","upside_2027q1_fuel_minimum_step","upside_2027q1_fuel_extra","upside_2027q1_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":317.96046222150005,"period":"2027Q1","formula":{"op":"sum","refs":["upside_2027q1_jbi_op","upside_2027q1_dcs_op","upside_2027q1_ics_op","upside_2027q1_fms_op","upside_2027q1_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2027q1_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.21795101668757,"period":"2027Q1","formula":{"op":"divide","refs":["upside_2027q1_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.2,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2027Q2","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q2_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":5.0,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2027q2_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q2","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2027q2_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":5.0,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_driver_step","upside_2027q2_fuel_minimum_step","upside_2027q2_fuel_extra","upside_2027q2_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":337.6281196785,"period":"2027Q2","formula":{"op":"sum","refs":["upside_2027q2_jbi_op","upside_2027q2_dcs_op","upside_2027q2_ics_op","upside_2027q2_fms_op","upside_2027q2_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2027q2_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.298888325731534,"period":"2027Q2","formula":{"op":"divide","refs":["upside_2027q2_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.2,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2027Q3","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q3_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":5.0,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2027q3_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q3","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2027q3_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":5.0,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_driver_step","upside_2027q3_fuel_minimum_step","upside_2027q3_fuel_extra","upside_2027q3_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":337.6281196785,"period":"2027Q3","formula":{"op":"sum","refs":["upside_2027q3_jbi_op","upside_2027q3_dcs_op","upside_2027q3_ics_op","upside_2027q3_fms_op","upside_2027q3_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2027q3_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.298888325731534,"period":"2027Q3","formula":{"op":"divide","refs":["upside_2027q3_net","q2_net"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_driver_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 driver-cost step remaining versus the Q2 margin baseline. Later-quarter persistence is a desk assumption, not a forecast of complete wage reversal.","label":"Driver retention","value":0.2,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_fuel_retention","case":"upside","kind":"assumption","unit":"ratio","basis":"Fraction of Q3 minimum fuel-surcharge timing headwind remaining. Reversal timing is uncertain; no automatic windfall.","label":"Fuel retention","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_fuel_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Extra fuel cost above the disclosed Q3 minimum. Zero base/upside increments do not make the company minimum a guaranteed exact outcome.","label":"Fuel extra","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_claims_extra","case":"upside","kind":"assumption","unit":"USD_millions","basis":"Desk incremental claims/medical cost stress. Management noted higher claims but supplied no dollar amount.","label":"Claims extra","value":0.0,"period":"2027Q4","formula":null,"source_url":null,"source_date":null},{"id":"upside_2027q4_driver_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Incremental driver expense","value":5.0,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_driver_cost","upside_2027q4_driver_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_fuel_minimum_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Derived from separate operating-cost inputs.","label":"Retained fuel timing minimum","value":0.0,"period":"2027Q4","formula":{"op":"multiply","refs":["guide_fuel_floor","upside_2027q4_fuel_retention"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Incremental to pre-update Q2-anchored segment margins; deducted once at consolidated level because segment allocation was not disclosed. Do not also subtract from net income or CFO.","label":"Incremental conference cost bridge","value":5.0,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_driver_step","upside_2027q4_fuel_minimum_step","upside_2027q4_fuel_extra","upside_2027q4_claims_extra"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_op_before_cost_step","case":"upside","kind":"derived","unit":"USD_millions","basis":"Sum of modeled segment operating income.","label":"Segment operating income before incremental cost step","value":344.18400549750004,"period":"2027Q4","formula":{"op":"sum","refs":["upside_2027q4_jbi_op","upside_2027q4_dcs_op","upside_2027q4_ics_op","upside_2027q4_fms_op","upside_2027q4_jbt_op"]},"source_url":null,"source_date":null},{"id":"upside_2027q4_earnings_ratio_q2","case":"upside","kind":"derived","unit":"ratio","basis":"Scenario comparator only: recorded guidance said earnings, without a precise net-income/EPS dollar bridge.","label":"Net earnings relative to reported Q2","value":1.3258674287461887,"period":"2027Q4","formula":{"op":"divide","refs":["upside_2027q4_net","q2_net"]},"source_url":null,"source_date":null}],"title":"J.B. Hunt: segment economics and cash scenarios","method":"Segment activity, revenue per unit and GAAP margins drive earnings. Operating cash now reconciles earnings, D&A, share compensation, other noncash adjustments and signed operating balance changes. Gross fleet purchases and equipment-sale proceeds are distinct. A dated common-share roll-forward plus explicit weighted award dilution produces EPS; unused buyback authority retires no shares. FY2026 combines reported H1 and modeled H2; FY2027 sums flows and averages share counts. Verified September 15 driver/fuel increases are deducted once in an explicit consolidated cost bridge; claims amounts and subsequent-quarter persistence remain desk assumptions. Demand/price offsets are separate, and no numerical uplift is assigned to the Vantora relationship.","metrics":{"cfo":"Operating cash ($M)","eps":"Diluted EPS ($)","capex":"Net capex ($M)","revenue":"Revenue ($M)","dividends":"Common dividends ($M)","gross_capex":"Gross PP&E purchases ($M)","diluted_shares":"Weighted diluted shares (M)","cash_after_capex":"Cash after net capex ($M)","operating_income":"Operating income ($M)","equipment_proceeds":"Equipment-sale proceeds ($M)","cash_after_dividends":"Cash after net capex/dividends ($M)"},"outputs":[{"case":"downside","period":"2026Q3","values":{"cfo":241.903818937513,"eps":1.047050610464337,"capex":338.6405,"revenue":3309.5545921,"dividends":42.29547255000001,"gross_capex":368.6405,"diluted_shares":95.18993900000001,"cash_after_capex":-96.73668106248698,"operating_income":150.7834681074,"equipment_proceeds":30.0,"cash_after_dividends":-139.03215361248698},"metrics":{"cfo":"downside_2026q3_cfo","eps":"downside_2026q3_eps","capex":"downside_2026q3_capex","revenue":"downside_2026q3_rev","dividends":"downside_2026q3_dividends","gross_capex":"downside_2026q3_gross_capex","diluted_shares":"downside_2026q3_shares","cash_after_capex":"downside_2026q3_fcf","operating_income":"downside_2026q3_op","equipment_proceeds":"downside_2026q3_equipment_proceeds","cash_after_dividends":"downside_2026q3_cash_after_dividends"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"downside","period":"2026Q4","values":{"cfo":252.62771531626333,"eps":1.1752404982639357,"capex":338.6405,"revenue":3375.745683942,"dividends":42.36297255000001,"gross_capex":368.6405,"diluted_shares":95.33993900000002,"cash_after_capex":-86.01278468373664,"operating_income":167.399137469548,"equipment_proceeds":30.0,"cash_after_dividends":-128.37575723373664},"metrics":{"cfo":"downside_2026q4_cfo","eps":"downside_2026q4_eps","capex":"downside_2026q4_capex","revenue":"downside_2026q4_rev","dividends":"downside_2026q4_dividends","gross_capex":"downside_2026q4_gross_capex","diluted_shares":"downside_2026q4_shares","cash_after_capex":"downside_2026q4_fcf","operating_income":"downside_2026q4_op","equipment_proceeds":"downside_2026q4_equipment_proceeds","cash_after_dividends":"downside_2026q4_cash_after_dividends"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"downside","period":"2027Q1","values":{"cfo":260.27422436938764,"eps":1.210147628514168,"capex":223.614,"revenue":3210.2679543369995,"dividends":42.43047255000001,"gross_capex":253.614,"diluted_shares":95.48993900000002,"cash_after_capex":36.660224369387635,"operating_income":172.10996406417797,"equipment_proceeds":30.0,"cash_after_dividends":-5.770248180612377},"metrics":{"cfo":"downside_2027q1_cfo","eps":"downside_2027q1_eps","capex":"downside_2027q1_capex","revenue":"downside_2027q1_rev","dividends":"downside_2027q1_dividends","gross_capex":"downside_2027q1_gross_capex","diluted_shares":"downside_2027q1_shares","cash_after_capex":"downside_2027q1_fcf","operating_income":"downside_2027q1_op","equipment_proceeds":"downside_2027q1_equipment_proceeds","cash_after_dividends":"downside_2027q1_cash_after_dividends"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"downside","period":"2027Q2","values":{"cfo":264.5084135056384,"eps":1.3044283126551695,"capex":223.614,"revenue":3408.8412298629996,"dividends":42.497972550000014,"gross_capex":253.614,"diluted_shares":95.63993900000003,"cash_after_capex":40.89441350563837,"operating_income":184.456972150622,"equipment_proceeds":30.0,"cash_after_dividends":-1.6035590443616456},"metrics":{"cfo":"downside_2027q2_cfo","eps":"downside_2027q2_eps","capex":"downside_2027q2_capex","revenue":"downside_2027q2_rev","dividends":"downside_2027q2_dividends","gross_capex":"downside_2027q2_gross_capex","diluted_shares":"downside_2027q2_shares","cash_after_capex":"downside_2027q2_fcf","operating_income":"downside_2027q2_op","equipment_proceeds":"downside_2027q2_equipment_proceeds","cash_after_dividends":"downside_2027q2_cash_after_dividends"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"downside","period":"FY2026","values":{"cfo":1217.7975342537761,"eps":5.6142568734531295,"capex":822.228,"revenue":13237.087276041999,"dividends":169.6724451,"gross_capex":964.4559999999999,"diluted_shares":95.1689695,"cash_after_capex":395.56953425377617,"operating_income":784.682605576948,"equipment_proceeds":142.228,"cash_after_dividends":225.89708915377634},"metrics":{"cfo":"downside_fy2026_cfo","eps":"downside_fy2026_eps","capex":"downside_fy2026_capex","revenue":"downside_fy2026_rev","dividends":"downside_fy2026_dividends","gross_capex":"downside_fy2026_gross_capex","diluted_shares":"downside_fy2026_shares","cash_after_capex":"downside_fy2026_fcf","operating_income":"downside_fy2026_op","equipment_proceeds":"downside_fy2026_equipment_proceeds","cash_after_dividends":"downside_fy2026_cash_after_dividends"},"frequency":"year","period_end":"2026-12-31"},{"case":"downside","period":"FY2027","values":{"cfo":1055.2108612650532,"eps":5.149555908500896,"capex":894.456,"revenue":13502.982735767999,"dividends":170.12689020000005,"gross_capex":1014.456,"diluted_shares":95.71493900000003,"cash_after_capex":160.75486126505314,"operating_income":729.5965498781919,"equipment_proceeds":120.0,"cash_after_dividends":-9.372028934946982},"metrics":{"cfo":"downside_fy2027_cfo","eps":"downside_fy2027_eps","capex":"downside_fy2027_capex","revenue":"downside_fy2027_rev","dividends":"downside_fy2027_dividends","gross_capex":"downside_fy2027_gross_capex","diluted_shares":"downside_fy2027_shares","cash_after_capex":"downside_fy2027_fcf","operating_income":"downside_fy2027_op","equipment_proceeds":"downside_fy2027_equipment_proceeds","cash_after_dividends":"downside_fy2027_cash_after_dividends"},"frequency":"year","period_end":"2027-12-31"},{"case":"base","period":"2026Q3","values":{"cfo":354.5639869557417,"eps":1.7650055632696073,"capex":277.5265,"revenue":3766.88925766,"dividends":42.27522255,"gross_capex":318.6405,"diluted_shares":94.76393900000001,"cash_after_capex":77.03748695574171,"operating_income":241.50856313066004,"equipment_proceeds":41.114,"cash_after_dividends":34.76226440574171},"metrics":{"cfo":"base_2026q3_cfo","eps":"base_2026q3_eps","capex":"base_2026q3_capex","revenue":"base_2026q3_rev","dividends":"base_2026q3_dividends","gross_capex":"base_2026q3_gross_capex","diluted_shares":"base_2026q3_shares","cash_after_capex":"base_2026q3_fcf","operating_income":"base_2026q3_op","equipment_proceeds":"base_2026q3_equipment_proceeds","cash_after_dividends":"base_2026q3_cash_after_dividends"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"base","period":"2026Q4","values":{"cfo":361.10884593854394,"eps":1.8179193217310234,"capex":277.5265,"revenue":3624.7424932200006,"dividends":42.30222255,"gross_capex":318.6405,"diluted_shares":94.82393900000001,"cash_after_capex":83.58234593854394,"operating_income":248.38559848422005,"equipment_proceeds":41.114,"cash_after_dividends":41.280123388543934},"metrics":{"cfo":"base_2026q4_cfo","eps":"base_2026q4_eps","capex":"base_2026q4_capex","revenue":"base_2026q4_rev","dividends":"base_2026q4_dividends","gross_capex":"base_2026q4_gross_capex","diluted_shares":"base_2026q4_shares","cash_after_capex":"base_2026q4_fcf","operating_income":"base_2026q4_op","equipment_proceeds":"base_2026q4_equipment_proceeds","cash_after_dividends":"base_2026q4_cash_after_dividends"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"base","period":"2027Q1","values":{"cfo":360.4430446670467,"eps":1.7910263510850517,"capex":187.5,"revenue":3447.05903767,"dividends":42.329222550000004,"gross_capex":228.614,"diluted_shares":94.88393900000001,"cash_after_capex":172.9430446670467,"operating_income":245.10689267617,"equipment_proceeds":41.114,"cash_after_dividends":130.6138221170467},"metrics":{"cfo":"base_2027q1_cfo","eps":"base_2027q1_eps","capex":"base_2027q1_capex","revenue":"base_2027q1_rev","dividends":"base_2027q1_dividends","gross_capex":"base_2027q1_gross_capex","diluted_shares":"base_2027q1_shares","cash_after_capex":"base_2027q1_fcf","operating_income":"base_2027q1_op","equipment_proceeds":"base_2027q1_equipment_proceeds","cash_after_dividends":"base_2027q1_cash_after_dividends"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"base","period":"2027Q2","values":{"cfo":370.18200619284335,"eps":1.9149279032560818,"capex":187.5,"revenue":3660.2791843299997,"dividends":42.356222550000005,"gross_capex":228.614,"diluted_shares":94.94393900000001,"cash_after_capex":182.68200619284335,"operating_income":261.04133964583,"equipment_proceeds":41.114,"cash_after_dividends":140.32578364284333},"metrics":{"cfo":"base_2027q2_cfo","eps":"base_2027q2_eps","capex":"base_2027q2_capex","revenue":"base_2027q2_rev","dividends":"base_2027q2_dividends","gross_capex":"base_2027q2_gross_capex","diluted_shares":"base_2027q2_shares","cash_after_capex":"base_2027q2_fcf","operating_income":"base_2027q2_op","equipment_proceeds":"base_2027q2_equipment_proceeds","cash_after_dividends":"base_2027q2_cash_after_dividends"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"base","period":"FY2026","values":{"cfo":1438.9388328942857,"eps":6.975707870900954,"capex":700.0,"revenue":13943.418750880002,"dividends":169.59144510000002,"gross_capex":864.4559999999999,"diluted_shares":94.9334695,"cash_after_capex":738.9388328942857,"operating_income":956.3941616148801,"equipment_proceeds":164.456,"cash_after_dividends":569.3473877942856},"metrics":{"cfo":"base_fy2026_cfo","eps":"base_fy2026_eps","capex":"base_fy2026_capex","revenue":"base_fy2026_rev","dividends":"base_fy2026_dividends","gross_capex":"base_fy2026_gross_capex","diluted_shares":"base_fy2026_shares","cash_after_capex":"base_fy2026_fcf","operating_income":"base_fy2026_op","equipment_proceeds":"base_fy2026_equipment_proceeds","cash_after_dividends":"base_fy2026_cash_after_dividends"},"frequency":"year","period_end":"2026-12-31"},{"case":"base","period":"FY2027","values":{"cfo":1474.2353837541757,"eps":7.573962826612631,"capex":750.0,"revenue":14498.96997288,"dividends":169.47889020000002,"gross_capex":914.456,"diluted_shares":94.97393900000002,"cash_after_capex":724.2353837541757,"operating_income":1033.54239393688,"equipment_proceeds":164.456,"cash_after_dividends":554.7564935541757},"metrics":{"cfo":"base_fy2027_cfo","eps":"base_fy2027_eps","capex":"base_fy2027_capex","revenue":"base_fy2027_rev","dividends":"base_fy2027_dividends","gross_capex":"base_fy2027_gross_capex","diluted_shares":"base_fy2027_shares","cash_after_capex":"base_fy2027_fcf","operating_income":"base_fy2027_op","equipment_proceeds":"base_fy2027_equipment_proceeds","cash_after_dividends":"base_fy2027_cash_after_dividends"},"frequency":"year","period_end":"2027-12-31"},{"case":"upside","period":"2026Q3","values":{"cfo":420.50454479998,"eps":2.2768978686007615,"capex":218.64049999999997,"revenue":3940.894365616001,"dividends":42.268472550000006,"gross_capex":268.6405,"diluted_shares":94.529939,"cash_after_capex":201.86404479998004,"operating_income":305.906062588,"equipment_proceeds":50.0,"cash_after_dividends":159.59557224998002},"metrics":{"cfo":"upside_2026q3_cfo","eps":"upside_2026q3_eps","capex":"upside_2026q3_capex","revenue":"upside_2026q3_rev","dividends":"upside_2026q3_dividends","gross_capex":"upside_2026q3_gross_capex","diluted_shares":"upside_2026q3_shares","cash_after_capex":"upside_2026q3_fcf","operating_income":"upside_2026q3_op","equipment_proceeds":"upside_2026q3_equipment_proceeds","cash_after_dividends":"upside_2026q3_cash_after_dividends"},"frequency":"quarter","period_end":"2026-09-30"},{"case":"upside","period":"2026Q4","values":{"cfo":434.62434201536513,"eps":2.4214893126454435,"capex":218.64049999999997,"revenue":3865.107935508001,"dividends":42.281972550000006,"gross_capex":268.6405,"diluted_shares":94.559939,"cash_after_capex":215.98384201536516,"operating_income":324.3501767690001,"equipment_proceeds":50.0,"cash_after_dividends":173.70186946536515},"metrics":{"cfo":"upside_2026q4_cfo","eps":"upside_2026q4_eps","capex":"upside_2026q4_capex","revenue":"upside_2026q4_rev","dividends":"upside_2026q4_dividends","gross_capex":"upside_2026q4_gross_capex","diluted_shares":"upside_2026q4_shares","cash_after_capex":"upside_2026q4_fcf","operating_income":"upside_2026q4_op","equipment_proceeds":"upside_2026q4_equipment_proceeds","cash_after_dividends":"upside_2026q4_cash_after_dividends"},"frequency":"quarter","period_end":"2026-12-31"},{"case":"upside","period":"2027Q1","values":{"cfo":427.08633505382755,"eps":2.3310147642131107,"capex":153.614,"revenue":3675.641860238001,"dividends":42.29547255000001,"gross_capex":203.614,"diluted_shares":94.589939,"cash_after_capex":273.4723350538276,"operating_income":312.96046222150005,"equipment_proceeds":50.0,"cash_after_dividends":231.17686250382758},"metrics":{"cfo":"upside_2027q1_cfo","eps":"upside_2027q1_eps","capex":"upside_2027q1_capex","revenue":"upside_2027q1_rev","dividends":"upside_2027q1_dividends","gross_capex":"upside_2027q1_gross_capex","diluted_shares":"upside_2027q1_shares","cash_after_capex":"upside_2027q1_fcf","operating_income":"upside_2027q1_op","equipment_proceeds":"upside_2027q1_equipment_proceeds","cash_after_dividends":"upside_2027q1_cash_after_dividends"},"frequency":"quarter","period_end":"2027-03-31"},{"case":"upside","period":"2027Q2","values":{"cfo":440.6019434076726,"eps":2.4851310584810515,"capex":153.614,"revenue":3903.001150562,"dividends":42.30897255000001,"gross_capex":203.614,"diluted_shares":94.619939,"cash_after_capex":286.98794340767256,"operating_income":332.6281196785,"equipment_proceeds":50.0,"cash_after_dividends":244.67897085767254},"metrics":{"cfo":"upside_2027q2_cfo","eps":"upside_2027q2_eps","capex":"upside_2027q2_capex","revenue":"upside_2027q2_rev","dividends":"upside_2027q2_dividends","gross_capex":"upside_2027q2_gross_capex","diluted_shares":"upside_2027q2_shares","cash_after_capex":"upside_2027q2_fcf","operating_income":"upside_2027q2_op","equipment_proceeds":"upside_2027q2_equipment_proceeds","cash_after_dividends":"upside_2027q2_cash_after_dividends"},"frequency":"quarter","period_end":"2027-06-30"},{"case":"upside","period":"FY2026","values":{"cfo":1578.394886815345,"eps":8.087820196389385,"capex":582.228,"revenue":14357.789301124001,"dividends":169.5644451,"gross_capex":764.4559999999999,"diluted_shares":94.80896949999999,"cash_after_capex":996.166886815345,"operating_income":1096.7562393570001,"equipment_proceeds":182.228,"cash_after_dividends":826.6024417153451},"metrics":{"cfo":"upside_fy2026_cfo","eps":"upside_fy2026_eps","capex":"upside_fy2026_capex","revenue":"upside_fy2026_rev","dividends":"upside_fy2026_dividends","gross_capex":"upside_fy2026_gross_capex","diluted_shares":"upside_fy2026_shares","cash_after_capex":"upside_fy2026_fcf","operating_income":"upside_fy2026_op","equipment_proceeds":"upside_fy2026_equipment_proceeds","cash_after_dividends":"upside_fy2026_cash_after_dividends"},"frequency":"year","period_end":"2026-12-31"},{"case":"upside","period":"FY2027","values":{"cfo":1753.3973680614604,"eps":9.83572807894577,"capex":614.456,"revenue":15460.431742032002,"dividends":169.26289020000004,"gross_capex":814.456,"diluted_shares":94.634939,"cash_after_capex":1138.9413680614603,"operating_income":1317.4007070760001,"equipment_proceeds":200.0,"cash_after_dividends":969.6784778614601},"metrics":{"cfo":"upside_fy2027_cfo","eps":"upside_fy2027_eps","capex":"upside_fy2027_capex","revenue":"upside_fy2027_rev","dividends":"upside_fy2027_dividends","gross_capex":"upside_fy2027_gross_capex","diluted_shares":"upside_fy2027_shares","cash_after_capex":"upside_fy2027_fcf","operating_income":"upside_fy2027_op","equipment_proceeds":"upside_fy2027_equipment_proceeds","cash_after_dividends":"upside_fy2027_cash_after_dividends"},"frequency":"year","period_end":"2027-12-31"}],"highlights":["h1_cfo","h1_capex","guide_capex_low","guide_capex_high","q2_rev","q2_op","h1_cfo_rebuilt","h1_working_capital","h1_cash_rebuilt","june_common_shares","q2_incremental_awards","june_debt_principal","june_debt_carrying","june_repurchase_authority","guide_driver_cost","guide_fuel_floor","guide_earnings_drop_low","guide_earnings_drop_high"],"limitations":["A Q2 run-rate sensitivity, not a forecast of every lane, customer, fuel surcharge or rail payment. Activity and revenue-per-unit inputs are scenario factors, not company volume or pricing guidance.","The cash bridge uses H1 run-rate noncash adjustments and an explicit operating-balance sensitivity. It does not forecast each receivable, tax payment or lease separately. GAAP segment margins already include D&A and SBC; addbacks change expense composition with those margins held fixed.","Gross purchases less disposal proceeds equals net capex. Lower proceeds consume cash without a second capex deduction; the P&L disposal gain/loss remains a separate assumption.","June cash of $4.162M differs from borrowing capacity. $1,154M debt principal differs from $1,145.337M carrying value. Forecast cash after dividends is before debt principal, repurchases, award-tax withholding, acquisitions and new financing, not ending cash or owner cash.","The 93.914939M basic-share anchor is June 30. Future net award issuance and weighted dilution are desk assumptions; repurchase authority is not executed buybacks. Current fully diluted shares and subsequent treasury movements remain unverified.","September 15 management remarks were verified from the publicly distributed Quartr recording using timestamped provider text and an independent local transcription. The 5%-10% earnings wording is retained without turning it into precise EPS guidance. Driver/fuel increments are consolidated; segment allocation, higher claims and cost persistence remain explicit assumptions."],"reviewed_at":"2026-09-20","schema_version":"operating_model.v1"}}