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INTANGIBLE ASSETS, NET
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
 December 31, 2024
(In millions)FMSSCSDTSCSSTotal
Indefinite lived intangible assets — Trade name$— $— $— $9 $9 
Finite lived intangible assets, primarily customer relationships (1)
49 495 92 — 636 
Accumulated amortization(47)(123)(18)— (188)
Total$2 $372 $74 $9 $457 
December 31, 2023
(In millions)FMSSCSDTSCSSTotal
Indefinite lived intangible assets — Trade name$— $— $— $9 $9 
Finite lived intangible assets, primarily customer relationships (1)
49 4698 — 526 
Accumulated amortization(46)(87)(6)— (139)
Total$3 $382 $2 $9 $396 
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(1)Includes $116 million of customer relationships related to the acquisition of CLH Parent Corporation (Cardinal Logistics) in 2024. Includes $127 million of customer relationships related to the acquisition of IFS Holdings, LLC, a holding company for Impact Fulfillment Services, LLC (IFS) in 2023. Refer to Note 23, "Acquisitions," for additional information.
The Ryder trade name has been identified as having an indefinite useful life. We recognized intangible asset amortization expense of $53 million in 2024, of which $51 million is associated with finite lived intangible assets and $2 million relates to the amortization of favorable lease assets recorded in Operating lease right-of-use assets in the Consolidated Balance Sheets. In 2023, we recognized intangible assets amortization expense of $35 million, of which $28 million is associated with finite lived intangible assets and $7 million relates to favorable lease asset amortization. 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. 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 $44 - $53 million per year for 2025 - 2029.