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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities from continuing operations:    
Net earnings (loss) $ 212 $ 121
Less: Loss from discontinued operations, net of tax 0 (1)
Earnings (loss) from continuing operations 212 122
Depreciation expense 852 857
Used vehicle sales, net (39) (127)
Currency translation adjustment loss 0 188
Amortization expense and other non-cash charges, net 73 44
Non-cash lease expense 191 124
Non-operating pension costs, net and share-based compensation expense 41 41
Deferred income tax expense (20) 94
Collections on sales-type leases 76 63
Changes in operating assets and liabilities:    
Receivables (46) 92
Prepaid expenses and other assets 20 0
Accounts payable (35) (2)
Accrued expenses and other liabilities (247) (275)
Net cash provided by operating activities from continuing operations 1,078 1,221
Cash flows from investing activities from continuing operations:    
Purchases of property and revenue earning equipment (1,324) (1,652)
Sales of revenue earning equipment 305 394
Sales of operating property and equipment 12 53
Acquisitions, net of cash acquired (297) 0
Other investing activities (1) (2)
Net cash used in investing activities from continuing operations (1,305) (1,207)
Cash flows from financing activities from continuing operations:    
Net borrowings (repayments) of commercial paper and other 81 (27)
Debt proceeds 1,193 1,314
Debt repayments (870) (1,124)
Dividends on common stock (66) (63)
Common stock issued 0 (18)
Common stock repurchased (141) (133)
Other financing activities (3) (6)
Net cash provided by (used in) financing activities from continuing operations 194 (57)
Effect of exchange rate changes on Cash and cash equivalents (7) (6)
Decrease in Cash and cash equivalents (40) (49)
Cash and cash equivalents at beginning of period 204 267
Cash and cash equivalents at end of period $ 164 $ 218