INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings from Continuing Operations before Income Taxes

The components of "Earnings from continuing operations before income taxes" and the "Provision for income taxes" from continuing operations in the Consolidated Statements of Earnings were as follows:

	Years ended December 31,
(In millions)	2023		2022		2021
Earnings from continuing operations before income taxes
United States	$	479	$	1,021	$	560
Foreign	139		195		133
Total	$	618	$	1,216	$	693
Provision for income taxes
Current tax expense from continuing operations:
Federal	$	35	$	30	$	9
State	45		43		24
Foreign	17		14		12
	97		87		45
Deferred tax expense (income) from continuing operations:
Federal	88		214		112
State	(8)		23		8
Foreign	35		29		6
	115		266		126
Total	$	212	$	353	$	171

Schedule of Reconciliation of Federal Statutory Tax Rate with Effective Tax Rate from Continuing Operations

A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:

	Years ended December 31,
(Percentage of pre-tax earnings)	2023		2022		2021
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Impact on deferred taxes for changes in tax rates	(0.8)	%	(0.4)	%	(0.3)	%
State income taxes, net of federal income tax benefit	5.8	%	5.1	%	4.4	%
Foreign rates varying from federal statutory tax rate	2.2	%	(5.3)	%	0.1	%
FMS U.K. business exit	1.9	%	3.2	%	—	%
Tax contingencies	(0.2)	%	(0.3)	%	(0.7)	%
Tax credits	(1.8)	%	(0.2)	%	(0.3)	%
Other permanent book-tax differences	0.9	%	0.6	%	1.8	%
Change in foreign valuation allowance	(0.3)	%	5.4	%	(1.1)	%
Currency translation adjustment	5.5	%	—	%	—	%
Other	0.1	%	—	%	(0.2)	%
Effective tax rate	34.3	%	29.1	%	24.7	%

Schedule of Components of Net Deferred Income Tax Liability

The components of the net deferred income tax liability were as follows:

	December 31,
(In millions)	2023		2022
Deferred income tax assets:
Self-insurance accruals	$	110	$	109
Net operating loss carryforwards	94		182
Accrued compensation and benefits	87		88
Pension benefits	50		27
Deferred revenue	133		131
Other	67		25
	541		562
Valuation allowance	(87)		(88)
	454		474
Deferred income tax liabilities:
Property and equipment basis differences	(2,077)		(2,013)
Other	(22)		(18)
	(2,099)		(2,031)
Net deferred income tax liability (1)	$	(1,645)	$	(1,557)

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(1)Deferred tax assets of $13 million and $14 million have been included in "Sales-type leases and other assets" as of December 31, 2023, and 2022.

Schedule Of Valuation Allowance On Deferred Tax Assets

Changes to the valuation allowance on deferred tax assets consisted of the following:

	(In millions)
Balance as of January 1, 2021	$	42
Credited to income tax expense	(18)
Balance as of December 31, 2021	24
Charged to income tax expense	64
Balance as of December 31, 2022	88
Credited to income tax expense	(1)
Balance as of December 31, 2023	$	87

Schedule of Uncertain Tax Positions

In many cases, our uncertain tax positions are related to tax years that remain subject to examination by the relevant taxing authorities. The following table summarizes these open tax years by jurisdiction:

Jurisdiction	Open Tax Year
United States (Federal)	2013 - 2015, 2018 - 2023
Canada	2013 - 2023
Mexico	2018 - 2023
United Kingdom	2022 - 2023
Brazil (discontinued operations)	2019- 2023

Schedule of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):

	December 31,
(In millions)	2023		2022		2021
Balance at January 1	$	34	$	38	$	43
Additions based on tax positions related to the current year	2		2		1
Reductions due to lapse of applicable statutes of limitation	(4)		(6)		(6)
Total before interest and penalties at December 31	32		34		38
Interest and penalties	3		3		4
Balance at December 31	$	35	$	37	$	42