REVENUE EARNING EQUIPMENT, NET (Tables)

9 Months Ended

Sep. 30, 2025

Revenue Earning Equipment [Abstract]

Schedule of Revenue Earning Equipment

	Estimated Useful Lives (In Years)	September 30, 2025						December 31, 2024
(Dollars in millions)		Cost		Accumulated Depreciation		Net		Cost		Accumulated Depreciation		Net
Held for use:
Trucks	3 — 7	$	6,217	$	(2,196)	$	4,021	$	6,252	$	(2,210)	$	4,042
Tractors	4 — 7.5	6,670		(2,841)		3,829		6,721		(2,739)		3,982
Trailers and other	9.5 — 12	1,687		(692)		995		1,695		(671)		1,024
Held for sale		741		(583)		158		781		(623)		158
Total		$	15,315	$	(6,312)	$	9,003	$	15,449	$	(6,243)	$	9,206

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:

					Losses from Valuation Adjustments
	September 30, 2025		December 31, 2024		Three months ended September 30,				Nine months ended September 30,
(In millions)					2025		2024		2025		2024
Revenue earning equipment held for sale:
Trucks	$	24	$	10	$	5	$	3	$	18	$	9
Tractors	26		27		5		4		17		13
Trailers and other	5		3		1		1		6		3
Total assets at fair value	$	55	$	40	$	11	$	8	$	41	$	25

Schedule of Gain and Losses Revenue Earning Equipment

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

	Three months ended September 30,				Nine months ended September 30,
(In millions)	2025		2024		2025		2024
Gains on used vehicle sales, net	$	(14)	$	(23)	$	(51)	$	(79)
Losses from valuation adjustments	11		8		41		25
Used vehicle sales, net	$	(3)	$	(15)	$	(10)	$	(54)