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REVENUE EARNING EQUIPMENT, NET (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue Earning Equipment [Abstract]  
Schedule of Revenue Earning Equipment
 
Estimated Useful Lives (In Years)
June 30, 2024December 31, 2023
(Dollars in millions)CostAccumulated
Depreciation
Net
CostAccumulated
Depreciation
Net
Held for use:
Trucks
3 — 7
$5,821 $(2,182)$3,639 $5,630 $(2,192)$3,438 
Tractors
   4 — 7.5
6,737 (2,641)4,096 6,995 (2,712)4,283 
Trailers and other
9.5 — 12
1,709 (665)1,044 1,686 (683)1,003 
Held for sale
840 (651)189 732 (564)168 
Total$15,107 $(6,139)$8,968 $15,043 $(6,151)$8,892 
Schedule of Fair Value, Assets
The following table presents our assets held for sale that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement:
Losses from Valuation Adjustments
 June 30, 2024December 31, 2023Three months ended June 30,Six months ended June 30,
(In millions)2024202320242023
Revenue earning equipment held for sale:
Trucks$9 $5 $3 $1 $6 $3 
Tractors32 38 3 — 9 — 
Trailers and other3 4 1 1 2 1 
Total assets at fair value$44 $47 $7 $2 $17 $4 
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)2024202320242023
Gains on used vehicle sales, net
$(26)$(57)$(56)$(131)
Losses from valuation adjustments7 2 17 4 
Used vehicle sales, net$(19)$(55)$(39)$(127)