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REVENUE
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of Revenue

The following tables disaggregate our revenue recognized by primary geographical market by our business segments and by industry for SCS. Refer to Note 3, “Segment Reporting”, for the disaggregation of our revenue by major product/service lines.
Primary Geographical Markets
2024
(In millions)FMSSCSDTSEliminationsTotal
United States$5,585 $4,697 $2,446 $(955)$11,773 
Canada303 278 — (43)538 
Mexico— 325 — — 325 
Total revenue$5,888 $5,300 $2,446 $(998)$12,636 

2023
(In millions)FMSSCSDTSEliminationsTotal
United States$5,616 $4,295 $1,785 $(764)$10,932 
Canada314 267 — (43)538 
Mexico— 313 — — 313 
Total revenue$5,930 $4,875 $1,785 $(807)$11,783 

2022
(In millions)FMSSCSDTSEliminationsTotal
United States$5,858 $4,209 $1,786 $(780)$11,073 
Canada319 251 — (42)528 
Europe (1)
150 — — — 150 
Mexico— 260 — — 260 
Total revenue$6,327 $4,720 $1,786 $(822)$12,011 
————————————
(1)Refer to Note 20, "Other Items Impacting Comparability", for further information on the exit of the FMS U.K. business.

Product Line

Our FMS revenue disaggregated by product line is as follows:

(In millions)202420232022
ChoiceLease$3,446 $3,181 $3,101 
Commercial rental976 1,178 1,338 
SelectCare and other694 694 624 
FMS Europe (1)
— — 150 
Fuel services revenue772 877 1,114 
Fleet Management Solutions$5,888 $5,930 $6,327 
_______________ 
(1)Refer to Note 20, “Other Items Impacting Comparability,” for further information on the FMS U.K. business exit

Industry

We have a diversified portfolio of customers across a full array of transportation and logistics solutions and across many industries. We believe this will help to mitigate the impact of adverse downturns in specific sectors of the economy. Our portfolio of ChoiceLease and commercial rental customers, as well as our DTS business, is not concentrated in any one particular industry or geographic region.
Our SCS business segment included revenue from the following industries:
(In millions)202420232022
Omnichannel retail$1,726 $1,757 $1,861 
Automotive1,580 1,600 1,523 
Consumer packaged goods1,182 965 845 
Industrial and other812 553 491 
Total SCS revenue$5,300 $4,875 $4,720 

Lease & Related Maintenance and Rental Revenue

The non-lease revenue from maintenance services related to our ChoiceLease product is recognized in "Lease & related maintenance and rental revenue" in the Consolidated Statements of Earnings. We recognized $972 million in 2024, $963 million in 2023 and $1.0 billion in 2022.

Deferred Revenue

The following table includes the changes in deferred revenue due to the collection and deferral of cash or the satisfaction of our performance obligation under the contract:
(In millions)202420232022
Balance as of beginning of period$545 $544 $594 
Recognized as revenue during period from beginning balance(174)(166)(181)
Consideration deferred during period, net231 168 140 
Foreign currency translation adjustment and other(2)(1)(9)
Balance as of end of period$600 $545 $544 

Contracted Not Recognized Revenue

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized (contracted not recognized revenue). Contracted not recognized revenue was $3.1 billion and $2.8 billion as of December 31, 2024 and 2023, respectively, and primarily includes deferred revenue and amounts for full service ChoiceLease maintenance revenue that will be recognized as revenue in future periods as we provide maintenance services to our customers. Contracted not recognized revenue excludes (1) variable consideration as it is not included in the transaction price consideration allocated at contract inception, (2) revenues from the lease component of our ChoiceLease product and all the revenue from the commercial rental product, (3) revenues from contracts with an original duration of one year or less, including SelectCare contracts, and (4) revenue from SCS, DTS and other contracts where there are remaining performance obligations when we have the right to invoice but the revenue to be recognized in the future corresponds directly with the value to be delivered to the customer.

Sales Commissions and Contract Origination Costs

The sales commission and setup costs capitalized as of the period ended and the amortization expense for the years ended were as follows:
December 31,
(In millions)
20242023
Sales commissions
$109 $117 
Contract origination costs
$75 $84 
(In millions)
202420232022
Sales commissions amortization expense
$46 $47 $44 
Contract origination amortization expense
$34 $30 $28