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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, 2024December 31, 2023
(Dollars in millions)CostAccumulated
Depreciation
Net
CostAccumulated
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, 2024December 31, 2023Three months ended September 30,Nine months ended September 30,
(In millions)2024202320242023
Revenue earning equipment held for sale:
Trucks$10 $5 $3 $2 $9 $5 
Tractors31 38 4 1 13 1 
Trailers and other3 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)2024202320242023
Gains on used vehicle sales, net
$(23)$(52)$(79)$(183)
Losses from valuation adjustments8 5 25 9 
Used vehicle sales, net$(15)$(47)$(54)$(174)