INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

	December 31, 2022
(In millions)	FMS		SCS		DTS		CSS		Total
Indefinite lived intangible assets — Trade name	$	—	$	—	$	—	$	9	$	9
Finite lived intangible assets, primarily customer relationships (1)	59		338		8		—		405
Accumulated amortization	(55)		(58)		(6)		—		(119)
Total	$	4	$	280	$	2	$	9	$	295
	December 31, 2021
(In millions)	FMS		SCS		DTS		CSS		Total
Indefinite lived intangible assets — Trade name	$	—	$	—	$	—	$	9	$	9
Finite lived intangible assets, primarily customer relationships	58		185		8		—		251
Accumulated amortization	(53)		(31)		(5)		—		(89)
Total	$	5	$	154	$	3	$	9	$	171

 _______________

(1)Includes $148 million of customer relationships related to the acquisition of PLG Investments I, LLC (Whiplash). Refer to Note 24, "Acquisitions," for additional information.

The Ryder trade name has been identified as having an indefinite useful life. Customer relationship intangibles are being amortized on a straight-line basis over their estimated useful lives, generally 6-19 years. We recognized amortization expense associated with finite lived intangible assets of $37 million in 2022 and $8 million in 2021 and 2020. The future amortization expense for each of the five succeeding years related to all intangible assets that are currently reported in the Consolidated Balance Sheets is estimated to range from $22 - $33 million per year for 2023 - 2027.