XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.23.2

REVENUE EARNING EQUIPMENT, NET (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Revenue Earning Equipment [Abstract] |
Schedule of Revenue Earning Equipment |
|  | Estimated Useful Lives (In Years) |  | June 30, 2023 |  | December 31, 2022
(Dollars in millions) |  |  | Cost |  | Accumulated Depreciation |  | Net |  | Cost |  | Accumulated Depreciation |  | Net
Held for use: |  |  |  |
Trucks |  | 3 — 7 |  | $ | 5,499 |  |  | $ | (2,153) |  |  | $ | 3,346 |  |  | $ | 5,282 |  |  | $ | (2,114) |  |  | $ | 3,168 |
Tractors |  | 4 — 7.5 |  | 7,283 |  |  | (2,972) |  |  | 4,311 |  |  | 7,153 |  |  | (3,153) |  |  | 4,000 |
Trailers and other |  | 9.5 — 12 |  | 1,679 |  |  | (686) |  |  | 993 |  |  | 1,610 |  |  | (690) |  |  | 920 |
Held for sale (1) |  |  |  | 630 |  |  | (485) |  |  | 145 |  |  | 388 |  |  | (286) |  |  | 102 |
Total |  |  |  | $ | 15,091 |  |  | $ | (6,296) |  |  | $ | 8,795 |  |  | $ | 14,433 |  |  | $ | (6,243) |  |  | $ | 8,190 |
———————————— (1)Revenue earning equipment held for sale where net book values exceed fair values are adjusted to fair value on a nonrecurring basis and these adjustments are considered Level 3 fair value measurements. The fair value of revenue earning equipment held for sale adjusted with Level 3 fair value measurements was $3 million for both periods ending June 30, 2023, and December 31, 2022. The net book value of all other assets held for sale were below fair value.
Schedule of Gain and Losses Revenue Earning Equipment | The components of "Used vehicle sales, net" were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
(In millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Gains on used vehicle sales, net (1) |  | $ | (57) |  |  | $ | (132) |  |  | $ | (131) |  |  | $ | (247) |
Losses from valuation adjustments |  | 2 |  |  | 2 |  |  | 4 |  |  | 4 |
Used vehicle sales, net |  | $ | (55) |  |  | $ | (130) |  |  | $ | (127) |  |  | $ | (243) |
———————————— (1)For the six months ended June 30, 2023, Gains on used vehicle sales, net includes $2 million, recorded during the first quarter of 2023, related to the exit of the FMS U.K. business and $20 million and $28 million, for the three and six months ended June 30, 2022, respectively.

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-types1: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 revenue earning equipment. + References No definition available. + Details
Name: | r_SummaryOfRevenueEarningEquipmentTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration