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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities from continuing operations:    
Net earnings $ 414,987 $ 199,930
Less: Loss from discontinued operations, net of tax (1,177) (1,222)
Earnings from continuing operations 416,164 201,152
Depreciation expense 854,229 905,420
Used vehicle sales, net (242,560) (80,485)
Amortization expense and other non-cash charges, net 50,427 26
Non-cash lease expense 92,728 46,599
Non-operating pension costs, net and share-based compensation expense 27,882 22,912
Deferred income tax expense 123,455 56,397
Collections on sales-type leases 64,404 62,778
Changes in operating assets and liabilities:    
Receivables (187,425) (105,319)
Inventories (13,478) (1,422)
Prepaid expenses and other assets (31,406) 945
Accounts payable 82,019 65,771
Accrued expenses and other non-current liabilities (133,663) (43,541)
Net cash provided by operating activities from continuing operations 1,102,776 1,131,233
Cash flows from investing activities from continuing operations:    
Purchases of property and revenue earning equipment (1,195,012) (904,399)
Sales of revenue earning equipment 600,822 330,277
Sales of operating property and equipment 35,342 44,409
Acquisitions, net of cash acquired (429,771) 0
Other investing activities 6,207 (3,695)
Net cash used in investing activities from continuing operations (982,412) (533,408)
Cash flows from financing activities from continuing operations:    
Net borrowings (repayments) of commercial paper and other 208,023 (198,560)
Debt proceeds 951,008 0
Debt repayments (1,111,379) (189,699)
Dividends on common stock (62,811) (60,826)
Common stock issued 9,027 20,552
Common stock repurchased (300,280) (48,978)
Other financing activities (5,560) (1,460)
Net cash used in financing activities from continuing operations (330,026) (478,971)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (15,482) (2,369)
(Decrease) increase in cash, cash equivalents and restricted cash from continuing operations (225,144) 116,485
Net cash (used) provided by operating activities from discontinued operations (444) 213
(Decrease) increase in cash, cash equivalents, and restricted cash (225,588) 116,698
Cash, cash equivalents, and restricted cash at beginning of period 673,325 151,294
Cash, cash equivalents, and restricted cash at end of period $ 447,737 $ 267,992