INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

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:

(In millions)	2024		2023		2022
Earnings from continuing operations before income taxes
United States	$	555	$	479	$	1,021
Foreign	106		139		195
Total	$	661	$	618	$	1,216
Provision for income taxes
Current tax expense from continuing operations:
Federal	$	112	$	35	$	30
State	15		45		43
Foreign	24		17		14
	151		97		87
Deferred tax expense (income) from continuing operations:
Federal	(13)		88		214
State	28		(8)		23
Foreign	6		35		29
	21		115		266
Total	$	172	$	212	$	353

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:

(Percentage of pre-tax earnings)	2024		2023		2022
Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Impact on deferred taxes for changes in tax rates	0.6	%	(0.8)	%	(0.4)	%
State income taxes, net of federal income tax benefit	5.0	%	5.8	%	5.1	%
Foreign rates varying from federal statutory tax rate	1.2	%	2.2	%	(5.3)	%
FMS U.K. business exit	—	%	1.9	%	3.2	%
Tax contingencies	(0.8)	%	(0.2)	%	(0.3)	%
Tax credits	(1.2)	%	(1.8)	%	(0.2)	%
Other permanent book-tax differences	0.2	%	0.9	%	0.6	%
Change in foreign valuation allowance (1)	(11.9)	%	(0.3)	%	5.4	%
Foreign net operating loss write-off (1)	11.9	%	—	%	—	%
Currency translation adjustment	—	%	5.5	%	—	%
Other	—	%	0.1	%	—	%
Effective tax rate	26.0	%	34.3	%	29.1	%

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(1)The cessation of business activities in a foreign subsidiary during 2024 led to the write-off of the subsidiary's net operating losses and the associated valuation allowance.

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)	2024		2023
Deferred income tax assets:
Self-insurance accruals	$	131	$	110
Net operating loss carryforwards	33		94
Accrued compensation and benefits	102		87
Pension benefits	35		50
Deferred revenue	23		133
Interest expense limitation	75		28
Other	47		39
	446		541
Valuation allowance	(12)		(87)
	434		454
Deferred income tax liabilities:
Property and equipment basis differences	(1,979)		(2,012)
Intangible assets bases difference	(92)		(65)
Other	(20)		(22)
	(2,091)		(2,099)
Net deferred income tax liability (1)	$	(1,657)	$	(1,645)

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(1)Deferred tax assets of $14 million and $13 million have been included in "Sales-type leases and other assets" as of December 31, 2024 and 2023.

Schedule Of Valuation Allowance On Deferred Tax Assets

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

(In millions)	2024		2023		2022
Balance at January 1	$	87	$	88	$	24
Additions charged to income tax expense	—		—		64
Deductions credited to income tax expense	(75)		(1)		—
Balance as of December 31	$	12	$	87	$	88

Schedule of Net Operating Losses and Tax Benefits with Related Valuation Allowances

Our carryforwards for net operating losses and tax benefits with the related valuation allowances were as follows:

	December 31, 2024						December 31, 2023
(Dollars in millions)	Carryforwards (1)		Valuation Allowance		Net Carryforwards		Carryforwards (1)		Valuation Allowance		Net Carryforwards
Net operating losses and tax benefits
U.S. Federal jurisdictions (2)	$	6	$	(3)	$	3	$	6	$	(1)	$	5
U.S. Federal jurisdictions (with no expiration)	11		—		11		3		—		3
U.S. State jurisdictions (3)	27		—		27		26		(1)		25
U.S. State jurisdictions (with no expiration)	3		—		3		4		—		4
Foreign jurisdictions (4)	7		(7)		—		82		(82)		—
Foreign jurisdictions (with no expiration)	4		(2)		2		4		(3)		1
Total carryforwards	$	58	$	(12)	$	46	$	125	$	(87)	$	38

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(1)Net operating losses are shown before unrecognized tax benefits.

(2)Expires between the years 2034 to 2037.

(3)Expires between the years 2026 to 2044.

(4)Expires between the years 2031 to 2043.

Amounts in the table may not be additive due to rounding.

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)	2018 - 2024
Canada	2013 - 2015, 2017 - 2024
Mexico	2019 - 2024
United Kingdom (discontinued operations)	2023 - 2024
Brazil (discontinued operations)	2020- 2024

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):

(In millions)	2024		2023		2022
Balance at January 1	$	32	$	34	$	38
Additions based on tax positions related to the current year	2		2		2
Reductions due to lapse of applicable statutes of limitation	(8)		(4)		(6)
Total before interest and penalties at December 31	26		32		34
Interest and penalties	3		3		3
Balance at December 31	$	29	$	35	$	37