SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule Of Segment Revenue and Net Before Tax Information by Segment

The following table set forth financial information regularly provided and reviewed by our Chair and Chief Executive Officer (our Chief Operating Decision Maker), to analyze financial performance, make strategic decisions and allocate resources. The table also provides a reconciliation between Segment EBT and Earnings from continuing operations before income taxes (in millions):

2024	FMS		SCS		DTS		Elimination(1)		Total
Revenue	$	5,888	$	5,300	$	2,446	$	(998)	$	12,636
Direct operating costs	4,638		4,735		2,270
Used vehicle sales, net	(72)		—		—
Other segment items (3)	806		233		51
Segment EBT	$	516	$	332	$	125	$	(134)	839
Unallocated Central Support Services									(71)
Intangible amortization expense (4)									(53)
Non-operating pension costs, net (5)									(41)
Other items impacting comparability, net (6)									(13)
Earnings from continuing operations before income taxes									$	661
2023
Revenue	$	5,930	$	4,875	$	1,785	$	(807)	$	11,783
Direct operating costs	4,651		4,420		1,634
Used vehicle sales, net (2)	(194)		—		—
Other segment items (3)	808		224		30
Segment EBT	$	665	$	231	$	121	$	(95)	922
Unallocated Central Support Services									(72)
Intangible amortization expense (4)									(35)
Non-operating pension costs, net (5)									(40)
Other items impacting comparability, net (6)									(157)
Earnings from continuing operations before income taxes									$	618
2022
Revenue	$	6,327	$	4,720	$	1,786	$	(822)	$	12,011
Direct operating costs	4,845		4,253		1,670
Used vehicle sales, net (2)	(401)		—		—
Other segment items (3)	826		249		13
Segment EBT	$	1,057	$	218	$	103	$	(114)	1,264
Unallocated Central Support Services									(83)
Intangible amortization expense (4)									(37)
Non-operating pension costs, net (5)									(11)
Other items impacting comparability, net (6)									83
Earnings from continuing operations before income taxes									$	1,216

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(1)Represents the intercompany revenues in our FMS business segment and Inter-Segment EBT.

(2)In 2023, and 2022, Used vehicle sales, net gain of $2 million and $49 million, respectively, related to the FMS U.K.business exit is included in Other Items Impacting Comparability, net.

(3)Other segment items for each reportable segment include indirect costs and also include Equipment Contribution for SCS and DTS. 

(4)Refer to Note 9, "Intangible Assets, Net," for a discussion on this item.

(5)Refer to Note 19, "Employee Benefit Plans," for a discussion on this items.

(6)Refer to Note 20, “Other Items Impacting Comparability,” for a discussion of items excluded from our primary measure of segment performance.

Schedule of Segment Information by Segment

The following table sets forth additional segment items as of and for the years ended presented:

(In millions)	FMS		SCS	DTS	CSS	Eliminations		Total
December 31, 2024
Depreciation expense (1)	$	1,583	104	5	2	$	—	$	1,694
Other non-cash charges, net (2)	$	192	267	14	61	—		$	534
Interest expense (income) (3)	$	362	17	8	(1)	—		$	386
Capital expenditures paid	$	2,616	50	1	16	—		$	2,683
Total assets	$	12,073	3,673	765	1,333	(1,172)		$	16,672
December 31, 2023
Depreciation expense (1)	$	1,571	136	3	2	—		$	1,712
Other non-cash charges, net (2)	$	106	230	8	29	—		$	373
Interest expense (income) (3)	$	292	8	(3)	(1)	—		$	296
Capital expenditures paid	$	3,085	117	1	31	—		$	3,234
Total assets	$	11,588	3,717	384	1,026	(937)		$	15,778
December 31, 2022
Depreciation expense (1)	$	1,618	91	3	1	—		$	1,713
Other non-cash charges, net (2)	$	90	173	4	50	—		$	317
Interest expense (income) (3)	$	219	10	(2)	1	—		$	228
Capital expenditures paid	$	2,442	155	2	32	—		$	2,631
Total assets	$	10,811	3,043	380	904	(743)		$	14,395

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(1)Depreciation expense totaling $29 million in 2024, $28 million in 2023, and $27 million in 2022 associated with CSS assets was allocated to business segments based upon estimated and planned asset utilization.

(2)Primarily includes operating lease ROU assets amortization.

(3)Interest expense was primarily allocated to the FMS segment since borrowings were used principally to fund the purchase of FMS revenue earning equipment; however, interest was also reflected in SCS and DTS based on targeted segment leverage ratios.

Schedule of Geographic Information

Geographic Information

	December 31,
(In millions)	2024		2023
Long-lived assets:
United States	$	9,758	$	9,473
Foreign:
Canada	563		552
Mexico	69		84
	632		636
Total	$	10,390	$	10,109