CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 154	$ 204
Receivables, net	1,861	1,714
Prepaid expenses and other current assets	448	347
Total current assets	2,463	2,265
Revenue earning equipment, net	9,206	8,892
Operating property and equipment, net	1,184	1,217
Goodwill	1,158	940
Intangible assets, net	457	396
Operating lease right-of-use assets	1,055	1,016
Sales-type leases and other assets	1,149	1,052
Total assets	16,672	15,778
Current liabilities:
Short-term debt and current portion of long-term debt	1,120	1,583
Accounts payable	828	833
Accrued expenses and other current liabilities	1,323	1,233
Total current liabilities	3,271	3,649
Long-term debt	6,659	5,531
Other non-current liabilities	1,954	1,871
Deferred income taxes	1,671	1,658
Total liabilities	13,555	12,709
Commitments and contingencies (Note 21)
Shareholders’ equity:
Preferred stock, no par value per share — authorized, 3,800,917; none outstanding, December 31, 2024 and 2023	0	0
Common stock, $0.50 par value per share — authorized, 400,000,000; outstanding, December 31, 2024 — 42,080,039 and December 31, 2023 — 43,902,065	21	22
Additional paid-in capital	1,144	1,148
Retained earnings	2,644	2,554
Accumulated other comprehensive loss	(692)	(655)
Total shareholders’ equity	3,117	3,069
Total liabilities and shareholders’ equity	$ 16,672	$ 15,778