CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 189	$ 154
Receivables, net	2,125	1,861
Prepaid expenses and other current assets	294	448
Total current assets	2,608	2,463
Revenue earning equipment, net	9,003	9,206
Operating property and equipment, net of accumulated depreciation of $1,662 and $1,656	1,241	1,184
Goodwill	1,152	1,158
Intangible assets, net	425	457
Operating lease right-of-use assets	944	1,055
Sales-type leases and other assets	1,175	1,149
Total assets	16,548	16,672
Current liabilities:
Short-term debt and current portion of long-term debt	577	1,120
Accounts payable	676	828
Accrued expenses and other current liabilities	1,307	1,323
Total current liabilities	2,560	3,271
Long-term debt	7,280	6,659
Other non-current liabilities	1,842	1,954
Deferred income taxes	1,772	1,671
Total liabilities	13,454	13,555
Contingencies and Other Matters (Note 14)
Shareholders' equity:
Preferred stock, no par value per share — authorized, 3,800,917; none outstanding, September 30, 2025 and December 31, 2024	0	0
Common stock, $0.50 par value per share — authorized, 400,000,000; outstanding, September 30, 2025 — 40,376,534 and December 31, 2024 — 42,080,039	20	21
Additional paid-in capital	1,096	1,144
Retained earnings	2,615	2,644
Accumulated other comprehensive loss	(637)	(692)
Total shareholders' equity	3,094	3,117
Total liabilities and shareholders' equity	$ 16,548	$ 16,672