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SEGMENT REPORTING (Tables)

6 Months Ended

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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Schedule Of Segment Revenue And Net Before Tax Information By Segment [Table Text Block]

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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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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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