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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 164 $ 204
Receivables, net 1,861 1,714
Prepaid expenses and other current assets 346 347
Total current assets 2,371 2,265
Revenue earning equipment, net 8,968 8,892
Operating property and equipment, net of accumulated depreciation of $1,586 and $1,511 1,208 1,217
Goodwill 1,115 940
Intangible assets, net 490 396
Operating lease right-of-use assets 1,144 1,016
Sales-type leases and other assets 1,112 1,052
Total assets 16,408 15,778
Current liabilities:    
Short-term debt and current portion of long-term debt 1,086 1,583
Accounts payable 797 833
Accrued expenses and other current liabilities 1,301 1,233
Total current liabilities 3,184 3,649
Long-term debt 6,450 5,531
Other non-current liabilities 2,053 1,871
Deferred income taxes 1,640 1,658
Total liabilities 13,327 12,709
Commitments and contingencies (Note 14)
Shareholders' equity:    
Preferred stock, no par value per share — authorized, 3,800,917; none outstanding, June 30, 2024 and December 31, 2023 0 0
Common stock, $0.50 par value per share — authorized, 400,000,000; outstanding, June 30, 2024 — 43,283,183 and December 31, 2023 — 43,902,065 22 22
Additional paid-in capital 1,141 1,148
Retained earnings 2,589 2,554
Accumulated other comprehensive loss (671) (655)
Total shareholders' equity 3,081 3,069
Total liabilities and shareholders' equity $ 16,408 $ 15,778