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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities of continuing operations:      
Net earnings $ 790,558 $ 262,477 $ 304,768
Less: Loss from discontinued operations, net of tax (457) (2,163) (1,221)
Earnings from continuing operations 791,015 264,640 305,989
Depreciation expense 1,255,175 1,187,050 1,121,966
Used vehicle sales, net 17,241 (972) (99,853)
Amortization expense and other non-cash charges, net 12,114 30,667 52,965
Non-operating pension costs and share-based compensation expense 46,708 56,257 38,978
Deferred income tax (benefit) expense (499,783) 124,886 154,042
Changes in operating assets and liabilities, net of acquisitions:      
Receivables (173,840) (51,754) (40,323)
Inventories (3,296) (5,906) 1,448
Prepaid expenses and other assets (38,878) (14,211) (292)
Accounts payable 66,149 94,320 (74,381)
Accrued expenses and other non-current liabilities 75,381 (83,955) (18,751)
Net cash provided by operating activities from continuing operations 1,547,986 1,601,022 1,441,788
Cash flows from financing activities from continuing operations:      
Net change in commercial paper borrowings and revolving credit facilities 89,519 (77,798) 323,359
Debt proceeds 873,302 674,928 1,283,223
Debt repaid (962,577) (669,047) (798,311)
Dividends on common stock (95,813) (91,043) (83,201)
Common stock issued 20,508 18,087 23,635
Common stock repurchased (78,316) (37,274) (6,141)
Debt issuance costs and other items (1,738) (3,775) (11,079)
Net cash (used in) provided by financing activities from continuing operations (155,115) (185,922) 731,485
Cash flows from investing activities from continuing operations:      
Purchases of property and revenue earning equipment (1,860,436) (1,905,157) (2,667,978)
Sales of revenue earning equipment 376,743 414,249 423,605
Sales of operating property and equipment 52,257 7,051 3,891
Acquisitions (7,240) 0 0
Collections on direct finance leases and other items 73,172 76,510 70,980
Changes in restricted cash (836) 1,514 8,147
Net cash used in investing activities from continuing operations (1,366,340) (1,405,833) (2,161,355)
Effect of exchange rates on cash (5,539) (9,482) 37
Increase (decrease) in cash and cash equivalents from continuing operations 20,992 (215) 11,955
Decrease in cash and cash equivalents from discontinued operations (1,445) (1,929) (1,102)
Increase (decrease) increase in cash and cash equivalents 19,547 (2,144) 10,853
Cash and cash equivalents at January 1 58,801 60,945 50,092
Cash and cash equivalents at December 31 $ 78,348 $ 58,801 $ 60,945