ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table provides the final purchase price allocation of the fair value of the assets and liabilities for Whiplash as of the acquisition date:

(In millions)	January 1, 2022
Assets:
Current assets:
Cash and cash equivalents	$	9
Receivables, net	79
Prepaid expenses and other current assets	4
Total current assets	92
Revenue earning equipment, net	1
Operating property and equipment, net	40
Goodwill	280
Intangible assets, net	150
Sales-type leases and other assets	195
Total assets	758
Liabilities and shareholders' equity:
Current liabilities:
Accounts payable	28
Accrued expenses and other current liabilities	78
Total current liabilities	106
Other non-current liabilities	131
Deferred income tax	38
Total liabilities	275
Net assets acquired	$	483

The following table provides the final purchase price allocation of the fair value of the assets and liabilities for Midwest as of the acquisition date:

(In millions)	November 1, 2021
Assets:
Current assets:
Cash and cash equivalents	6
Receivables, net	27
Prepaid expenses and other current assets	2
Total current assets	35
Revenue earning equipment, net	10
Operating property and equipment, net	16
Goodwill	95
Intangible assets, net	134
Sales-type leases and other assets	72
Total assets	362
Liabilities and shareholders' equity:
Current liabilities:
Accounts payable	6
Accrued expenses and other current liabilities	14
Total current liabilities	20
Other non-current liabilities	60
Deferred income tax	(2)
Total liabilities	78
Net assets acquired	284