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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Earnings from Continuing Operations before Income Taxes | The components of "Earnings from continuing operations before income taxes" and the "Provision for income taxes" from continuing operations in the Consolidated Statements of Earnings were as follows:
(In millions) |  | 2024 |  | 2023 |  | 2022
Earnings from continuing operations before income taxes |  |  |  |  |  |
United States |  | $ | 555 |  |  | $ | 479 |  |  | $ | 1,021 |
Foreign |  | 106 |  |  | 139 |  |  | 195 |
Total |  | $ | 661 |  |  | $ | 618 |  |  | $ | 1,216 |
Provision for income taxes |  |  |  |  |  |
Current tax expense from continuing operations: |  |  |  |  |  |
Federal |  | $ | 112 |  |  | $ | 35 |  |  | $ | 30 |
State |  | 15 |  |  | 45 |  |  | 43 |
Foreign |  | 24 |  |  | 17 |  |  | 14 |
|  | 151 |  |  | 97 |  |  | 87 |
Deferred tax expense (income) from continuing operations: |  |  |  |  |  |
Federal |  | (13) |  |  | 88 |  |  | 214 |
State |  | 28 |  |  | (8) |  |  | 23 |
Foreign |  | 6 |  |  | 35 |  |  | 29 |
|  | 21 |  |  | 115 |  |  | 266 |
Total |  | $ | 172 |  |  | $ | 212 |  |  | $ | 353 |
Schedule of Reconciliation of Federal Statutory Tax Rate with Effective Tax Rate from Continuing Operations | A reconciliation of the federal statutory tax rate with the effective tax rate from continuing operations follows:
(Percentage of pre-tax earnings) |  | 2024 |  | 2023 |  | 2022
Federal statutory tax rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Impact on deferred taxes for changes in tax rates |  | 0.6 | % |  | (0.8) | % |  | (0.4) | %
State income taxes, net of federal income tax benefit |  | 5.0 | % |  | 5.8 | % |  | 5.1 | %
Foreign rates varying from federal statutory tax rate |  | 1.2 | % |  | 2.2 | % |  | (5.3) | %
FMS U.K. business exit |  | — | % |  | 1.9 | % |  | 3.2 | %
Tax contingencies |  | (0.8) | % |  | (0.2) | % |  | (0.3) | %
Tax credits |  | (1.2) | % |  | (1.8) | % |  | (0.2) | %
Other permanent book-tax differences |  | 0.2 | % |  | 0.9 | % |  | 0.6 | %
Change in foreign valuation allowance (1) |  | (11.9) | % |  | (0.3) | % |  | 5.4 | %
Foreign net operating loss write-off (1) |  | 11.9 | % |  | — | % |  | — | %
Currency translation adjustment |  | — | % |  | 5.5 | % |  | — | %
Other |  | — | % |  | 0.1 | % |  | — | %
Effective tax rate |  | 26.0 | % |  | 34.3 | % |  | 29.1 | %
_______________ (1)The cessation of business activities in a foreign subsidiary during 2024 led to the write-off of the subsidiary's net operating losses and the associated valuation allowance.
Schedule of Components of Net Deferred Income Tax Liability | The components of the net deferred income tax liability were as follows:
|  | December 31,
(In millions) |  | 2024 |  | 2023
Deferred income tax assets: |  |  |  |
Self-insurance accruals |  | $ | 131 |  |  | $ | 110 |
Net operating loss carryforwards |  | 33 |  |  | 94 |
Accrued compensation and benefits |  | 102 |  |  | 87 |
Pension benefits |  | 35 |  |  | 50 |
Deferred revenue |  | 23 |  |  | 133 |
Interest expense limitation |  | 75 |  |  | 28 |
Other |  | 47 |  |  | 39 |
|  | 446 |  |  | 541 |
Valuation allowance |  | (12) |  |  | (87) |
|  | 434 |  |  | 454 |
Deferred income tax liabilities: |  |  |  |
Property and equipment basis differences |  | (1,979) |  |  | (2,012) |
Intangible assets bases difference |  | (92) |  |  | (65) |
Other |  | (20) |  |  | (22) |
|  | (2,091) |  |  | (2,099) |
Net deferred income tax liability (1) |  | $ | (1,657) |  |  | $ | (1,645) |
_______________ (1)Deferred tax assets of $14 million and $13 million have been included in "Sales-type leases and other assets" as of December 31, 2024 and 2023.
Schedule Of Valuation Allowance On Deferred Tax Assets | Changes to the valuation allowance on deferred tax assets consisted of the following:
(In millions) |  | 2024 |  | 2023 |  | 2022
Balance at January 1 |  | $ | 87 |  |  | $ | 88 |  |  | $ | 24 |
Additions charged to income tax expense |  | — |  |  | — |  |  | 64 |
Deductions credited to income tax expense |  | (75) |  |  | (1) |  |  | — |
Balance as of December 31 |  | $ | 12 |  |  | $ | 87 |  |  | $ | 88 |
Schedule of Net Operating Losses and Tax Benefits with Related Valuation Allowances | Our carryforwards for net operating losses and tax benefits with the related valuation allowances were as follows:
|  | December 31, 2024 |  | December 31, 2023
(Dollars in millions) |  | Carryforwards (1) |  | Valuation Allowance |  | Net Carryforwards |  | Carryforwards (1) |  | Valuation Allowance |  | Net Carryforwards
Net operating losses and tax benefits |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal jurisdictions (2) |  | $ | 6 |  |  | $ | (3) |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | (1) |  |  | $ | 5 |
U.S. Federal jurisdictions (with no expiration) |  | 11 |  |  | — |  |  | 11 |  |  | 3 |  |  | — |  |  | 3 |
U.S. State jurisdictions (3) |  | 27 |  |  | — |  |  | 27 |  |  | 26 |  |  | (1) |  |  | 25 |
U.S. State jurisdictions (with no expiration) |  | 3 |  |  | — |  |  | 3 |  |  | 4 |  |  | — |  |  | 4 |
Foreign jurisdictions (4) |  | 7 |  |  | (7) |  |  | — |  |  | 82 |  |  | (82) |  |  | — |
Foreign jurisdictions (with no expiration) |  | 4 |  |  | (2) |  |  | 2 |  |  | 4 |  |  | (3) |  |  | 1 |
Total carryforwards |  | $ | 58 |  |  | $ | (12) |  |  | $ | 46 |  |  | $ | 125 |  |  | $ | (87) |  |  | $ | 38 |
_______________ (1)Net operating losses are shown before unrecognized tax benefits. (2)Expires between the years 2034 to 2037. (3)Expires between the years 2026 to 2044. (4)Expires between the years 2031 to 2043. Amounts in the table may not be additive due to rounding.
Schedule of Uncertain Tax Positions | In many cases, our uncertain tax positions are related to tax years that remain subject to examination by the relevant taxing authorities. The following table summarizes these open tax years by jurisdiction:
Jurisdiction |  | Open Tax Year
United States (Federal) |  | 2018 - 2024
Canada |  | 2013 - 2015, 2017 - 2024
Mexico |  | 2019 - 2024
United Kingdom (discontinued operations) |  | 2023 - 2024
Brazil (discontinued operations) |  | 2020- 2024
Schedule of Activity Related to Unrecognized Tax Benefits | The following table summarizes the activity related to unrecognized tax benefits (excluding the federal benefit received from state positions):
(In millions) |  | 2024 |  | 2023 |  | 2022
Balance at January 1 |  | $ | 32 |  |  | $ | 34 |  |  | $ | 38 |
Additions based on tax positions related to the current year |  | 2 |  |  | 2 |  |  | 2 |
Reductions due to lapse of applicable statutes of limitation |  | (8) |  |  | (4) |  |  | (6) |
Total before interest and penalties at December 31 |  | 26 |  |  | 32 |  |  | 34 |
Interest and penalties |  | 3 |  |  | 3 |  |  | 3 |
Balance at December 31 |  | $ | 29 |  |  | $ | 35 |  |  | $ | 37 |

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