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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities from continuing operations:    
Net earnings $ 139 $ 176
Less: Loss from discontinued operations, net of tax (1) 0
Earnings from continuing operations 140 176
Depreciation expense 445 430
Used vehicle sales, net (72) (113)
Amortization expense and other non-cash charges, net 28 31
Non-cash lease expense 59 45
Non-operating pension costs, net and share-based compensation expense 20 14
Deferred income tax expense 42 58
Collections on sales-type leases 30 34
Changes in operating assets and liabilities:    
Receivables (7) (64)
Inventories 4 (6)
Prepaid expenses and other assets (26) (15)
Accounts payable 45 13
Accrued expenses and other liabilities (230) (137)
Net cash provided by operating activities from continuing operations 478 466
Cash flows from investing activities from continuing operations:    
Purchases of property and revenue earning equipment (641) (584)
Sales of revenue earning equipment 216 223
Sales of operating property and equipment 48 3
Acquisitions, net of cash acquired 0 (425)
Net cash used in investing activities from continuing operations (377) (783)
Cash flows from financing activities from continuing operations:    
Net borrowings (repayments) of commercial paper and other (216) 63
Debt proceeds 664 650
Debt repayments (471) (493)
Dividends on common stock (35) (34)
Common stock issued (23) (12)
Common stock repurchased (45) (300)
Other financing activities 0 (4)
Net cash used in financing activities from continuing operations (126) (130)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 11 (4)
Decrease in cash, cash equivalents, and restricted cash (14) (451)
Cash, cash equivalents, and restricted cash at beginning of period 267 673
Cash, cash equivalents, and restricted cash at end of period $ 253 $ 222