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INTANGIBLE ASSETS, NET
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
 December 31, 2023
(In millions)FMSSCSDTSCSSTotal
Indefinite lived intangible assets — Trade name$— $— $— $9 $9 
Finite lived intangible assets, primarily customer relationships (1)
49 469 8 — 526 
Accumulated amortization(46)(87)(6)— (139)
Total$3 $382 $2 $9 $396 
December 31, 2022
(In millions)FMSSCSDTSCSSTotal
Indefinite lived intangible assets — Trade name$— $— $— $9 $9 
Finite lived intangible assets, primarily customer relationships (1)
59 3388 — 405 
Accumulated amortization(55)(58)(6)— (119)
Total$4 $280 $2 $9 $295 
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(1)Includes $131 million of customer relationships related to the acquisition of IFS Holdings, LLC, a holding company for Impact Fulfillment Services, LLC (IFS) in 2023. Includes $148 million of customer relationships related to the acquisition of PLG Investments I, LLC (Whiplash) in 2022. Refer to Note 23, "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 intangible asset amortization expense of $35 million in 2023, of which $28 million is associated with finite lived intangible assets and $7 million relates to the amortization of favorable lease assets recorded in Operating lease right-of-use assets in the Consolidated Balance Sheets. We also wrote-off $10 million of FMS U.K. finite lived intangible assets and the related accumulated amortization as part of the shutdown of those operations in 2023. In 2022, we recognized intangible assets amortization expense of $37 million, of which $32 million is associated with finite lived intangible assets and $5 million relates to favorable lease asset amortization. In 2021, intangible assets amortization expense associated with finite lived intangible assets was $8 million. 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 $31 - $44 million per year for 2024 - 2028.