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REVENUE (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue from External Customers by Geographic Areas | The following tables disaggregate our revenue recognized by primary geographical market by our reportable business segments, by FMS product line and by SCS industry. Primary Geographical Markets
|  | Three months ended June 30, 2025
(In millions) |  | FMS |  | SCS |  | DTS |  | Eliminations |  | Total
United States |  | $ | 1,391 |  |  | $ | 1,205 |  |  | $ | 606 |  |  | $ | (239) |  |  | $ | 2,963 |
Canada |  | 76 |  |  | 75 |  |  | — |  |  | (11) |  |  | 140 |
Mexico |  | — |  |  | 86 |  |  | — |  |  | — |  |  | 86 |
Total revenue |  | $ | 1,467 |  |  | $ | 1,366 |  |  | $ | 606 |  |  | $ | (250) |  |  | $ | 3,189 |
|  | Three months ended June 30, 2024
(In millions) |  | FMS |  | SCS |  | DTS |  | Eliminations |  | Total
United States |  | $ | 1,400 |  |  | $ | 1,185 |  |  | $ | 635 |  |  | $ | (261) |  |  | $ | 2,959 |
Canada |  | 78 |  |  | 70 |  |  | — |  |  | (11) |  |  | 137 |
Mexico |  | — |  |  | 86 |  |  | — |  |  | — |  |  | 86 |
Total revenue |  | $ | 1,478 |  |  | $ | 1,341 |  |  | $ | 635 |  |  | $ | (272) |  |  | $ | 3,182 |
|  | Six months ended June 30, 2025
(In millions) |  | FMS |  | SCS |  | DTS |  | Eliminations |  | Total
United States |  | $ | 2,766 |  |  | $ | 2,387 |  |  | $ | 1,208 |  |  | $ | (478) |  |  | $ | 5,883 |
Canada |  | 148 |  |  | 147 |  |  | — |  |  | (22) |  |  | 273 |
Mexico |  | — |  |  | 163 |  |  | — |  |  | — |  |  | 163 |
Total revenue |  | $ | 2,914 |  |  | $ | 2,697 |  |  | $ | 1,208 |  |  | $ | (500) |  |  | $ | 6,319 |
|  | Six months ended June 30, 2024
(In millions) |  | FMS |  | SCS |  | DTS |  | Eliminations |  | Total
United States |  | $ | 2,780 |  |  | $ | 2,335 |  |  | $ | 1,198 |  |  | $ | (473) |  |  | $ | 5,840 |
Canada |  | 153 |  |  | 141 |  |  | — |  |  | (22) |  |  | 272 |
Mexico |  | — |  |  | 167 |  |  | — |  |  | — |  |  | 167 |
Total revenue |  | $ | 2,933 |  |  | $ | 2,643 |  |  | $ | 1,198 |  |  | $ | (495) |  |  | $ | 6,279 |
Schedule of Disaggregation of Revenue | Our FMS revenue disaggregated by product line is as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
ChoiceLease |  | $ | 871 |  |  | $ | 856 |  |  | $ | 1,738 |  |  | $ | 1,698 |
Commercial rental |  | 239 |  |  | 244 |  |  | 458 |  |  | 475 |
SelectCare and other |  | 178 |  |  | 176 |  |  | 352 |  |  | 354 |
Fuel services revenue |  | 179 |  |  | 202 |  |  | 366 |  |  | 406 |
Total FMS revenue |  | $ | 1,467 |  |  | $ | 1,478 |  |  | $ | 2,914 |  |  | $ | 2,933 |
Our SCS business segment included revenue from the following industries:
|  | Three months ended June 30, |  | Six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Omnichannel retail |  | $ | 439 |  |  | $ | 417 |  |  | $ | 873 |  |  | $ | 833 |
Automotive |  | 406 |  |  | 417 |  |  | 801 |  |  | 823 |
Consumer packaged goods |  | 309 |  |  | 294 |  |  | 610 |  |  | 584 |
Industrial and other |  | 212 |  |  | 213 |  |  | 413 |  |  | 403 |
Total SCS revenue |  | $ | 1,366 |  |  | $ | 1,341 |  |  | $ | 2,697 |  |  | $ | 2,643 |
Schedule of Deferred Revenue | The following table includes the changes in deferred revenue due to the collection and deferral of cash or the satisfaction of our performance obligation under the contract:
|  | Six months ended June 30,
(In millions) |  | 2025 |  | 2024
Balance as of beginning of period |  | $ | 600 |  |  | $ | 545 |
Recognized as revenue during period from beginning balance |  | (92) |  |  | (105) |
Consideration deferred during period, net |  | 129 |  |  | 131 |
Foreign currency translation adjustment and other |  | 1 |  |  | 1 |
Balance as of end of period |  | $ | 638 |  |  | $ | 572 |

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