XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

REVENUE EARNING EQUIPMENT, NET (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Revenue Earning Equipment [Abstract] |
Schedule of Revenue Earning Equipment |
|  | Estimated Useful Lives (In Years) |  | September 30, 2024 |  | December 31, 2023
(Dollars in millions) |  |  | Cost |  | Accumulated Depreciation |  | Net |  | Cost |  | Accumulated Depreciation |  | Net
Held for use: |  |  |  |
Trucks |  | 3 — 7 |  | $ | 6,105 |  |  | $ | (2,213) |  |  | $ | 3,892 |  |  | $ | 5,630 |  |  | $ | (2,192) |  |  | $ | 3,438 |
Tractors |  | 4 — 7.5 |  | 6,689 |  |  | (2,690) |  |  | 3,999 |  |  | 6,995 |  |  | (2,712) |  |  | 4,283 |
Trailers and other |  | 9.5 — 12 |  | 1,700 |  |  | (673) |  |  | 1,027 |  |  | 1,686 |  |  | (683) |  |  | 1,003 |
Held for sale |  |  |  | 813 |  |  | (640) |  |  | 173 |  |  | 732 |  |  | (564) |  |  | 168 |
Total |  |  |  | $ | 15,307 |  |  | $ | (6,216) |  |  | $ | 9,091 |  |  | $ | 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
|  | September 30, 2024 |  | December 31, 2023 |  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue earning equipment held for sale: |  |  |  |  |  |  |  |  |  |  |  |
Trucks |  | $ | 10 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | 5 |
Tractors |  | 31 |  |  | 38 |  |  | 4 |  |  | 1 |  |  | 13 |  |  | 1 |
Trailers and other |  | 3 |  |  | 4 |  |  | 1 |  |  | 2 |  |  | 3 |  |  | 3 |
Total assets at fair value |  | $ | 44 |  |  | $ | 47 |  |  | $ | 8 |  |  | $ | 5 |  |  | $ | 25 |  |  | $ | 9 |
Schedule of Gain and Losses Revenue Earning Equipment | The components of "Used vehicle sales, net" were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Gains on used vehicle sales, net |  | $ | (23) |  |  | $ | (52) |  |  | $ | (79) |  |  | $ | (183) |
Losses from valuation adjustments |  | 8 |  |  | 5 |  |  | 25 |  |  | 9 |
Used vehicle sales, net |  | $ | (15) |  |  | $ | (47) |  |  | $ | (54) |  |  | $ | (174) |

X
- Definition Revenue Earning Equipment. + References No definition available. + Details
Name: | r_RevenueEarningEquipmentAbstract
Namespace Prefix: | r_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Gain and Losses Revenue Earning Equipment [Table Text Block] + References No definition available. + Details
Name: | r_SummaryOfGainAndLossesRevenueEarningEquipmentTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of revenue earning equipment. + References No definition available. + Details
Name: | r_SummaryOfRevenueEarningEquipmentTableTextBlock
Namespace Prefix: | r_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration