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SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Revenue and Net Before Tax Information by Segment

The following table sets forth financial information for each of our segments and provides a reconciliation between segment EBT and Earnings from continuing operations before income taxes:

						Three months ended March 31,
(In millions)						2023						2022
Revenue:
Fleet Management Solutions:
ChoiceLease						$	776					$	764
Commercial rental						304						306
SelectCare and other						182						148
FMS Europe						—						64
Fuel services revenue						241						247
Fleet Management Solutions						1,503						1,529
Supply Chain Solutions						1,201						1,089
Dedicated Transportation Solutions						454						425
Eliminations (1)						(206)						(189)
Total revenue						$	2,952					$	2,854
Earnings from continuing operations before income taxes:
Fleet Management Solutions						$	182					$	249
Supply Chain Solutions						17						43
Dedicated Transportation Solutions						29						20
Eliminations						(25)						(26)
						203						286
Unallocated Central Support Services						(15)						(16)
Intangible amortization expense (2)						(9)						(10)
Non-operating pension costs, net (3)						(10)						(3)
Other items impacting comparability, net (4)						32						(5)
Earnings from continuing operations before income taxes						$	201					$	252

————————————

(1)Represents the elimination of intercompany revenue in our FMS business segment.

(2)Included within "Selling, general and administrative expenses" in our Condensed Consolidated Statements of Earnings.

(3)Refer to Note 13, "Employee Benefit Plans," for a discussion on this item.

(4)Refer to Note 14, "Other Items Impacting Comparability," for a discussion of items excluded from our primary measure of segment performance.

Schedule of Financial Information of Business Segments

The following table sets forth the capital expenditures paid for each of our segments:

						Three months ended March 31,
(In millions)						2023						2022
Fleet Management Solutions						$	621					$	551
Supply Chain Solutions						12						26
Dedicated Transportation Solutions						—						—
Central Support Services						8						7
Purchases of property and revenue earning equipment						$	641					$	584

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Tabular disclosure of the profit or loss and total assets 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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