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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our primary measurement of segment financial performance, defined as segment "Earnings from continuing operations before income taxes" (EBT), includes an allocation of costs from Central Support Services (CSS) and excludes Non-operating pension costs, net, Intangible amortization expense, and certain other items. The objective of the EBT measurement is to provide clarity on the profitability of each business segment and, ultimately, to hold leadership of each business segment accountable for their allocated share of CSS costs. Certain costs are not attributable to any segment and remain unallocated in CSS, including costs for investor relations, public affairs and certain executive compensation. Segment results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.
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 June 30, 2025
FMSSCSDTS
Elimination (1)
Total
Revenue $1,467 $1,366 $606 (250)$3,189 
Direct operating costs1,130 1,202 562 
Used vehicle sales, net2 — — 
Other segment items (2)
209 65 7 
Segment EBT$126 $99 $37 (36)226 
Unallocated Central Support Services(21)
Intangible amortization expense (3)
(12)
Non-operating pension costs, net (4)
(9)
Earnings from continuing operations before income taxes$184 
Three months ended June 30, 2024
Revenue$1,478 $1,341 $635 (272)$3,182 
Direct operating costs1,164 1,198 585 
Used vehicle sales, net(19)— — 
Other segment items (2)
200 58 13 
Segment EBT$133 $85 $37 (34)221 
Unallocated Central Support Services(22)
Intangible amortization expense (3)
(11)
Non-operating pension costs, net (4)
(10)
Earnings from continuing operations before income taxes$178 
_______________ 
(1)Represents the intercompany revenues in our FMS business segment and inter-segment EBT.
(2)Other segment items for each reportable segment include indirect costs and also include Equipment Contribution for SCS and DTS. 
(3)Included within "Selling, general and administrative expenses" in our Condensed Consolidated Statements of Earnings.
(4)Refer to Note 13, Employee Benefit Plans," for further discussion.
Six months ended June 30, 2025
FMSSCSDTS
Elimination (1)
Total
Revenue $2,914 $2,697 $1,208 (500)$6,319 
Direct operating costs2,284 2,384 1,126 
Used vehicle sales, net(7)— — 
Other segment items (2)
417 127 18 
Segment EBT$220 $186 $64 (68)402 
Unallocated Central Support Services(42)
Intangible amortization expense (3)
(25)
Non-operating pension costs, net (4)
(18)
Other items impacting comparability, net
1 
Earnings from continuing operations before income taxes$318 
Six months ended June 30, 2024
Revenue$2,933 $2,643 $1,198 (495)$6,279 
Direct operating costs2,335 2,372 1,109 
Used vehicle sales, net(39)— — 
Other segment items (2)
404 122 34 
Segment EBT$233 $149 $55 (63)374 
Unallocated Central Support Services(35)
Intangible amortization expense (3)
(22)
Non-operating pension costs, net (4)
(21)
Other items impacting comparability, net
(4)
Earnings from continuing operations before income taxes$292 
_______________ 
(1)Represents the intercompany revenues in our FMS business segment and inter-segment EBT.
(2)Other segment items for each reportable segment include indirect costs and also include Equipment Contribution for SCS and DTS. 
(3)Included within "Selling, general and administrative expenses" in our Condensed Consolidated Statements of Earnings.
(4)Refer to Note 13, Employee Benefit Plans," for further discussion.
The following table sets forth depreciation expense and other non-cash charges, net, interest expense and purchase of property and revenue earning equipment for the three and six months ended June 30, 2025 and 2024, as provided to the chief operating decision maker (CODM) for each of our business segments. Total assets of our business segments are not provided to the CODM.

Depreciation expense and other non-cash charges, net (1)
Interest expense
Purchases of property and revenue earning equipment
Three months ended June 30,202520242025202420252024
FMS$439 $448 $95 $90 $655 $636 
SCS97 96 5 4 30 3 
DTS5 3 2 2 — — 
CSS14 14 — — 4 — 
Total$555 $561 $102 $96 $689 $639 


Depreciation expense and other non-cash charges, net (1)
Interest expense
Purchases of property and revenue earning equipment
Six months ended June 30,202520242025202420252024
FMS$881 $880 $189 $176 $1,137 $1,290 
SCS194 187 9 8 57 30 
DTS11 22 4 4 1 1 
CSS29 27 — — 8 3 
Total$1,115 $1,116 $202 $188 $1,203 $1,324 
_______________ 
(1)Other non-cash charges, net primarily includes operating lease right-of-use (ROU) assets amortization.