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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our primary measurement of segment financial performance, defined as segment "Earnings from continuing operations before income taxes" (EBT), includes an allocation of costs from Central Support Services (CSS) and excludes Non-operating pension costs, net, intangible amortization expense, and certain other items as discussed in Note 13, "Other Items Impacting Comparability." The objective of the EBT measurement is to provide clarity on the profitability of each business segment and, ultimately, to hold leadership of each business segment accountable for their allocated share of CSS costs. Certain costs are not attributable to any segment and remain unallocated in CSS, including costs for investor relations, public affairs and certain executive compensation. Segment results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. 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 September 30, |  | Nine months ended September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue: |  |  |  |  |  |  |  |
Fleet Management Solutions: |  |  |  |  |  |  |  |
ChoiceLease |  | $ | 857 |  |  | $ | 799 |  |  | $ | 2,556 |  |  | $ | 2,356 |
Commercial rental |  | 251 |  |  | 293 |  |  | 726 |  |  | 898 |
SelectCare and other |  | 173 |  |  | 174 |  |  | 526 |  |  | 528 |
Fuel services revenue |  | 189 |  |  | 221 |  |  | 595 |  |  | 667 |
Fleet Management Solutions |  | 1,470 |  |  | 1,487 |  |  | 4,403 |  |  | 4,449 |
Supply Chain Solutions |  | 1,317 |  |  | 1,194 |  |  | 3,960 |  |  | 3,574 |
Dedicated Transportation Solutions |  | 633 |  |  | 448 |  |  | 1,831 |  |  | 1,342 |
Eliminations (1) |  | (252) |  |  | (205) |  |  | (747) |  |  | (605) |
Total revenue |  | $ | 3,168 |  |  | $ | 2,924 |  |  | $ | 9,447 |  |  | $ | 8,760 |
Earnings from continuing operations before income taxes: |  |  |  |  |  |  |  |
Fleet Management Solutions |  | $ | 132 |  |  | $ | 169 |  |  | $ | 365 |  |  | $ | 531 |
Supply Chain Solutions |  | 93 |  |  | 81 |  |  | 242 |  |  | 174 |
Dedicated Transportation Solutions |  | 36 |  |  | 28 |  |  | 91 |  |  | 90 |
Eliminations |  | (34) |  |  | (23) |  |  | (97) |  |  | (73) |
|  | 227 |  |  | 255 |  |  | 601 |  |  | 722 |
Unallocated Central Support Services |  | (17) |  |  | (20) |  |  | (52) |  |  | (54) |
Intangible amortization expense (2) |  | (11) |  |  | (8) |  |  | (33) |  |  | (25) |
Non-operating pension costs, net (3) |  | (10) |  |  | (10) |  |  | (31) |  |  | (30) |
Other items impacting comparability, net (4) |  | (1) |  |  | (4) |  |  | (5) |  |  | (155) |
Earnings from continuing operations before income taxes |  | $ | 188 |  |  | $ | 213 |  |  | $ | 480 |  |  | $ | 458 |
———————————— (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. The following table sets forth the capital expenditures paid for each of our segments:
|  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Fleet Management Solutions |  | $ | 576 |  |  | $ | 754 |  |  | $ | 1,866 |  |  | $ | 2,346 |
Supply Chain Solutions |  | 15 |  |  | 44 |  |  | 45 |  |  | 88 |
Dedicated Transportation Solutions |  | — |  |  | — |  |  | 1 |  |  | 1 |
Central Support Services |  | 8 |  |  | 7 |  |  | 10 |  |  | 22 |
Purchases of property and revenue earning equipment |  | $ | 599 |  |  | $ | 805 |  |  | $ | 1,922 |  |  | $ | 2,457 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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