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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities from continuing operations:    
Net earnings $ 354 $ 282
Depreciation expense 1,275 1,274
Used vehicle sales, net (54) (174)
Currency translation adjustment loss 0 188
Amortization expense and other non-cash charges, net 110 67
Non-cash lease expense 267 190
Non-operating pension costs, net and share-based compensation expense 63 63
Deferred income tax expense (29) 129
Collections on sales-type leases 111 91
Changes in operating assets and liabilities:    
Receivables (63) 18
Prepaid expenses and other assets 15 (4)
Accounts payable (27) 13
Accrued expenses and other liabilities (315) (295)
Net cash provided by operating activities from continuing operations 1,707 1,842
Cash flows from investing activities from continuing operations:    
Purchases of property and revenue earning equipment (1,922) (2,457)
Sales of revenue earning equipment 414 587
Sales of operating property and equipment 19 60
Acquisitions, net of cash acquired (313) 0
Other investing activities 0 (4)
Net cash used in investing activities from continuing operations (1,802) (1,814)
Cash flows from financing activities from continuing operations:    
Net borrowings of commercial paper and other 405 85
Debt proceeds 1,490 1,314
Debt repayments (1,448) (1,144)
Dividends on common stock (101) (96)
Common stock issued 6 1
Common stock repurchased (282) (282)
Other financing activities (5) (4)
Net cash provided by (used in) financing activities from continuing operations 65 (126)
Effect of exchange rate changes on Cash and cash equivalents (12) (10)
Decrease in Cash and cash equivalents (42) (108)
Cash and cash equivalents at beginning of period 204 267
Cash and cash equivalents at end of period $ 162 $ 159