XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.22.1

REVENUE EARNING EQUIPMENT, NET (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Revenue Earning Equipment [Abstract] |
Schedule of Revenue Earning Equipment |
|  | Estimated Useful Lives |  | March 31, 2022 |  | December 31, 2021
|  |  | Cost |  | Accumulated Depreciation |  | Net |  | Cost |  | Accumulated Depreciation |  | Net
|  | (In years) |  | (In thousands)
Held for use: |  |  |  |
Trucks |  | 3 — 7 |  | $ | 5,288,297 |  |  | $ | (2,089,227) |  |  | $ | 3,199,070 |  |  | $ | 5,223,127 |  |  | $ | (2,055,135) |  |  | $ | 3,167,992 |
Tractors |  | 4 — 7.5 |  | 7,247,049 |  |  | (3,071,862) |  |  | 4,175,187 |  |  | 7,256,002 |  |  | (3,059,206) |  |  | 4,196,796 |
Trailers and other |  | 9.5 — 12 |  | 1,839,053 |  |  | (894,753) |  |  | 944,300 |  |  | 1,780,487 |  |  | (868,820) |  |  | 911,667 |
Held for sale |  |  |  | 273,321 |  |  | (201,172) |  |  | 72,149 |  |  | 209,506 |  |  | (162,922) |  |  | 46,584 |
Total |  |  |  | $ | 14,647,720 |  |  | $ | (6,257,014) |  |  | $ | 8,390,706 |  |  | $ | 14,469,122 |  |  | $ | (6,146,083) |  |  | $ | 8,323,039 |
Summary of Amounts that have been Recorded for Accelerated and Policy Depreciation related to our Residual Value Estimate Changes | The following table provides a summary of incremental depreciation expense that has been recorded related to our previous residual value estimate changes as well as used vehicle sales results (rounded to the closest million):
|  | Three months ended March 31,
|  | 2022 |  | 2021
|  | (In thousands)
Depreciation expense related to estimate changes |  | $ | 49,000 |  |  | $ | 88,000 |
Used vehicle sales, net (1) |  | (113,000) |  |  | (29,000) |
(1)Used vehicle sales, net in the first quarter of 2022 included $8M of gains on sales of vehicles in the U.K. Refer to Note 15, "Other Items Impacting Comparability,"
Schedule of Fair Value, Assets | The following table presents revenue earning equipment 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
|  |  |  |  | Three months ended March 31,
| March 31, 2022 |  | December 31, 2021 |  | 2022 |  | 2021
| (In thousands)
Revenue earning equipment held for sale (1): |  |  |  |  |  |  |
Trucks | $ | 507 |  |  | $ | 931 |  |  | $ | 526 |  |  | $ | 890 |
Tractors | 590 |  |  | 1,485 |  |  | 690 |  |  | 84 |
Trailers and other | 263 |  |  | 1,309 |  |  | 280 |  |  | 2,047 |
Total assets at fair value | $ | 1,360 |  |  | $ | 3,725 |  |  | $ | 1,496 |  |  | $ | 3,021 |
———————————— (1)Reflects only the portion where net book values exceeded fair values and valuation adjustments were recorded. The net book value of assets held for sale that were less than fair value was $71 million and $43 million as of March 31, 2022 and December 31, 2021, respectively.
Schedule of Gain and Losses Revenue Earning Equipment | The components of used vehicle sales, net were as follows:
| Three months ended March 31,
| 2022 |  | 2021
| (In thousands)
Gains on vehicle sales, net | $ | (114,490) |  |  | $ | (31,872) |
Losses from valuation adjustments | 1,496 |  |  | 3,021 |
Used vehicle sales, net | $ | (112,994) |  |  | $ | (28,851) |

X
- Definition Gain and Losses Revenue Earning Equipment [Table Text Block] + References No definition available. + Details
Name: | r_GainandLossesRevenueEarningEquipmentTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Revenue Earning Equipment. + References No definition available. + Details
Name: | r_RevenueEarningEquipmentAbstract
Namespace Prefix: | r_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Amounts Recorded For Accelerated And Policy Depreciation, Residual Value Estimate Changes + References No definition available. + Details
Name: | r_SummaryOfAmountsRecordedForAcceleratedAndPolicyDepreciationResidualValueEstimateChangesTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of revenue earning equipment. + References No definition available. + Details
Name: | r_SummaryOfRevenueEarningEquipmentTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration