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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Business Segment Revenue and EBT from Continuing Operations

The following tables set forth financial information for each of our segments and provide a reconciliation between segment EBT and earnings from continuing operations before income taxes.

						Years ended December 31,
						2021						2020						2019
						(In thousands)
Revenue:
Fleet Management Solutions:
ChoiceLease						$	3,219,914					$	3,159,909					$	3,077,051
Commercial rental						1,113,740						834,232						1,009,086
SelectCare and other						606,877						583,435						633,644
Fuel services						737,640						569,074						816,362
ChoiceLease liability insurance revenue (1)						777						23,817						35,260
Fleet Management Solutions						5,678,948						5,170,467						5,571,403
Supply Chain Solutions						3,154,798						2,544,420						2,551,271
Dedicated Transportation Solutions						1,457,188						1,229,374						1,417,483
Eliminations (2)						(627,981)						(524,170)						(614,356)
Total revenues						$	9,662,953					$	8,420,091					$	8,925,801
Earnings (Loss) From Continuing Operations Before Income Taxes:
Fleet Management Solutions						$	663,090					$	(141,957)					$	(70,274)
Supply Chain Solutions						117,351						159,940						145,060
Dedicated Transportation Solutions						49,058						73,442						81,149
Eliminations						(79,265)						(42,801)						(50,732)
						750,234						48,624						105,203
Unallocated Central Support Services						(68,608)						(77,438)						(49,114)
Non-operating pension costs, net (3)						577						(11,167)						(60,406)
Other items impacting comparability, net (4)						10,437						(90,379)						(37,954)
Earnings (loss) from continuing operations before income taxes						$	692,640					$	(130,360)					$	(42,271)

_______________ 

(1)In the first quarter of 2021, we completed the previously announced exit of the extension of our liability insurance coverage for ChoiceLease customers.

(2)Represents the elimination of intercompany revenues in our FMS business segment.

(3)Refer to Note 19, "Employee Benefit Plans," for a discussion on these items.

(4)Refer to Note 21, “Other Items Impacting Comparability,” for a discussion of items excluded from our primary measure of segment performance.

Schedule of Segment Information by Segment

The following table sets forth depreciation expense, amortization expense and other non-cash charges, net, interest expense (income), capital expenditures paid and total assets for the years ended December 31, 2021, 2020 and 2019, as provided to the chief operating decision-maker for each of our reportable business segments:

						FMS						SCS						DTS						CSS						Eliminations						Total
						(In thousands)
2021
Depreciation expense (1)						$	1,735,729					$	46,704					$	3,230					$	555					$	—					$	1,786,218
Amortization expense and other non-cash charges, net						40,771						84,163						3,108						(4,542)						—						123,500
Interest expense (income) (2)						214,034						2,720						(2,820)						(42)						—						213,892
Capital expenditures paid						1,853,419						67,319						1,240						19,431						—						1,941,409
Total assets						10,999,687						2,320,154						318,095						554,436						(358,049)						13,834,323
2020
Depreciation expense (1)						$	1,981,426					$	38,652					$	2,955					$	4,380					$	—					$	2,027,413
Amortization expense and other non-cash charges, net						135,499						68,878						1,025						2,344						—						207,746
Interest expense (income) (2)						255,264						602						(3,176)						8,652						—						261,342
Capital expenditures paid						1,089,773						37,742						1,459						17,547						—						1,146,521
Total assets						11,274,450						1,313,312						295,738						328,329						(279,875)						12,931,954
2019
Depreciation expense (1)						$	1,825,816					$	42,428					$	3,795					$	6,890					$	—					$	1,878,929
Amortization expense and other non-cash charges, net						128,322						61,419						1,510						4,077						—						195,328
Interest expense (income) (2)						243,406						1,038						(3,224)						161						—						241,381
Capital expenditures paid						3,643,573						49,421						2,182						39,998						—						3,735,174
Total assets						12,991,716						1,236,589						327,384						305,631						(385,986)						14,475,334

_______________ 

(1)Depreciation expense totaling $26 million in 2021 and $27 million in 2020 and 2019 associated with CSS assets was allocated to business segments based upon estimated and planned asset utilization.

(2)Interest expense was primarily allocated to the FMS segment since such borrowings were used principally to fund the purchase of revenue earning equipment used in FMS; however, interest was also reflected in SCS and DTS based on targeted segment leverage ratios.

Schedule of Geographic Information

Geographic Information

						December 31,
						2021						2020
						(In thousands)
Long-lived assets:
United States						$	8,477,721					$	8,682,657
Foreign:
Canada						531,580						622,111
Europe						241,652						337,310
Mexico						57,064						61,995
						830,296						1,021,416
Total						$	9,308,017					$	9,704,073

X

- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss) or revenues, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

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Tabular disclosure of the revenue and profit or loss for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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