REVENUE EARNING EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2024

Revenue Earning Equipment [Abstract]

Schedule of Revenue Earning Equipment

(In millions)	Estimated Useful Lives	December 31, 2024						December 31, 2023
		Cost		Accumulated Depreciation		Net		Cost		Accumulated Depreciation		Net
Held for use:	(In years)
Trucks	3 — 7	$	6,252	$	(2,210)	$	4,042	$	5,630	$	(2,192)	$	3,438
Tractors	4 — 7.5	6,721		(2,739)		3,982		6,995		(2,712)		4,283
Trailers and other	9.5 — 12	1,695		(671)		1,024		1,686		(683)		1,003
Held for sale		781		(623)		158		732		(564)		168
Total		$	15,449	$	(6,243)	$	9,206	$	15,043	$	(6,151)	$	8,892

Schedule of Fair Value, Assets

The following table presents our assets held for sale that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement:

	December 31,				Losses from Valuation Adjustments
(In millions)	2024		2023		2024		2023		2022
Revenue earning equipment held for sale:
Trucks	$	10	$	5	$	14	$	6	$	3
Tractors	27		38		12		9		5
Trailers and other	3		4		5		5		1
Total assets at fair value	$	40	$	47	$	31	$	20	$	9

Schedule of Components of Used Vehicle Sales

The components of Used vehicle sales, net were as follows:

(In millions)	2024		2023		2022
Gains on vehicle sales, net (1)	$	(103)	$	(216)	$	(459)
Losses from valuation adjustments	31		20		9
Used vehicle sales, net	$	(72)	$	(196)	$	(450)

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(1)2023 and 2022 includes gains on used vehicles sold as part of the exit of the FMS U.K business of $2 million and $49 million, respectively.