XML 74 R54.htm IDEA: XBRL DOCUMENT
v3.22.4

ACQUISITIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides the final purchase price allocation of the fair value of the assets and liabilities for Whiplash as of the acquisition date:
(In millions) |  | January 1, 2022 |
Assets: |  |  |
Current assets: |  |  |
Cash and cash equivalents |  | $ | 9 |  |
Receivables, net |  | 79 |
Prepaid expenses and other current assets |  | 4 |
Total current assets |  | 92 |
Revenue earning equipment, net |  | 1 |
Operating property and equipment, net |  | 40 |
Goodwill |  | 280 |
Intangible assets, net |  | 150 |
Sales-type leases and other assets |  | 195 |
Total assets |  | 758 |
Liabilities and shareholders' equity: |  |  |
Current liabilities: |  |  |
Accounts payable |  | 28 |
Accrued expenses and other current liabilities |  | 78 |
Total current liabilities |  | 106 |
Other non-current liabilities |  | 131 |
Deferred income tax |  | 38 |
Total liabilities |  | 275 |
Net assets acquired |  | $ | 483 |  |
The following table provides the final purchase price allocation of the fair value of the assets and liabilities for Midwest as of the acquisition date:
(In millions) |  | November 1, 2021
Assets: |  |
Current assets: |  |
Cash and cash equivalents |  | 6
Receivables, net |  | 27
Prepaid expenses and other current assets |  | 2
Total current assets |  | 35
Revenue earning equipment, net |  | 10
Operating property and equipment, net |  | 16
Goodwill |  | 95
Intangible assets, net |  | 134
Sales-type leases and other assets |  | 72
Total assets |  | 362
Liabilities and shareholders' equity: |  |
Current liabilities: |  |
Accounts payable |  | 6
Accrued expenses and other current liabilities |  | 14
Total current liabilities |  | 20
Other non-current liabilities |  | 60
Deferred income tax |  | (2) |
Total liabilities |  | 78
Net assets acquired |  | 284

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration