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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six months ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |  |
Fleet Management Solutions: |  |  |  |  |  |  |  |
ChoiceLease |  | $ | 856 |  |  | $ | 781 |  |  | $ | 1,698 |  |  | $ | 1,557 |
Commercial rental |  | 244 |  |  | 301 |  |  | 475 |  |  | 605 |
SelectCare and other |  | 176 |  |  | 172 |  |  | 354 |  |  | 354 |
Fuel services revenue |  | 202 |  |  | 205 |  |  | 406 |  |  | 446 |
Fleet Management Solutions |  | 1,478 |  |  | 1,459 |  |  | 2,933 |  |  | 2,962 |
Supply Chain Solutions |  | 1,341 |  |  | 1,179 |  |  | 2,643 |  |  | 2,380 |
Dedicated Transportation Solutions |  | 635 |  |  | 440 |  |  | 1,198 |  |  | 894 |
Eliminations (1) |  | (272) |  |  | (194) |  |  | (495) |  |  | (400) |
Total revenue |  | $ | 3,182 |  |  | $ | 2,884 |  |  | $ | 6,279 |  |  | $ | 5,836 |
Earnings from continuing operations before income taxes: |  |  |  |  |  |  |  |
Fleet Management Solutions |  | $ | 133 |  |  | $ | 180 |  |  | $ | 233 |  |  | $ | 362 |
Supply Chain Solutions |  | 85 |  |  | 76 |  |  | 149 |  |  | 93 |
Dedicated Transportation Solutions |  | 37 |  |  | 33 |  |  | 55 |  |  | 62 |
Eliminations |  | (34) |  |  | (24) |  |  | (63) |  |  | (49) |
|  | 221 |  |  | 265 |  |  | 374 |  |  | 468 |
Unallocated Central Support Services |  | (22) |  |  | (20) |  |  | (35) |  |  | (35) |
Intangible amortization expense (2) |  | (11) |  |  | (8) |  |  | (22) |  |  | (17) |
Non-operating pension costs, net (3) |  | (10) |  |  | (10) |  |  | (21) |  |  | (20) |
Other items impacting comparability, net (4) |  | — |  |  | (183) |  |  | (4) |  |  | (151) |
Earnings from continuing operations before income taxes |  | $ | 178 |  |  | $ | 44 |  |  | $ | 292 |  |  | $ | 245 |
———————————— (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 12, "Employee Benefit Plans," for a discussion on this item. (4)Refer to Note 13, "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 June 30, |  | Six months ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Fleet Management Solutions |  | $ | 636 |  |  | $ | 971 |  |  | $ | 1,290 |  |  | $ | 1,592 |
Supply Chain Solutions |  | 3 |  |  | 32 |  |  | 30 |  |  | 44 |
Dedicated Transportation Solutions |  | — |  |  | 1 |  |  | 1 |  |  | 1 |
Central Support Services |  | — |  |  | 7 |  |  | 3 |  |  | 15 |
Purchases of property and revenue earning equipment |  | $ | 639 |  |  | $ | 1,011 |  |  | $ | 1,324 |  |  | $ | 1,652 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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