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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Revenue and Net Before Tax Information by Segment

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.

Schedule of Financial Information of Business Segments

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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Schedule Of Segment Revenue And Net Before Tax Information By Segment [Table Text Block]

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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