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REVENUE
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of Revenue
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)FMSSCSDTSEliminationsTotal
United States$1,391 $1,205 $606 $(239)$2,963 
Canada76 75 — (11)140 
Mexico— 86 — — 86 
Total revenue$1,467 $1,366 $606 $(250)$3,189 
Three months ended June 30, 2024
(In millions)FMSSCSDTSEliminationsTotal
United States$1,400 $1,185 $635 $(261)$2,959 
Canada78 70 — (11)137 
Mexico— 86 — — 86 
Total revenue$1,478 $1,341 $635 $(272)$3,182 


Six months ended June 30, 2025
(In millions)FMSSCSDTSEliminationsTotal
United States$2,766 $2,387 $1,208 $(478)$5,883 
Canada148 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)FMSSCSDTSEliminationsTotal
United States$2,780 $2,335 $1,198 $(473)$5,840 
Canada153 141 — (22)272 
Mexico— 167 — — 167 
Total revenue$2,933 $2,643 $1,198 $(495)$6,279 

Product Line

Our FMS revenue disaggregated by product line is as follows:

 Three months ended June 30,Six months ended June 30,
(In millions)2025202420252024
ChoiceLease$871 $856 $1,738 $1,698 
Commercial rental239 244 458 475 
SelectCare and other178 176 352 354 
Fuel services revenue179 202 366 406 
Total FMS revenue$1,467 $1,478 $2,914 $2,933 

Industry

Our SCS business segment included revenue from the following industries:

Three months ended June 30,Six months ended June 30,
(In millions)2025202420252024
Omnichannel retail$439 $417 $873 $833 
Automotive406 417 801 823 
Consumer packaged goods309 294 610 584 
Industrial and other212 213 413 403 
Total SCS revenue$1,366 $1,341 $2,697 $2,643 
Lease & Related Maintenance and Rental Revenue
The non-lease revenue from maintenance services related to our ChoiceLease product is recognized in "Lease & related maintenance and rental revenue" in the Condensed Consolidated Statements of Earnings. For the three months ended June 30, 2025 and 2024, we recognized $248 million and $241 million, respectively. For the six months ended June 30, 2025 and 2024, we recognized $498 million and $484 million, respectively.
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)20252024
Balance as of beginning of period$600 $545 
Recognized as revenue during period from beginning balance(92)(105)
Consideration deferred during period, net129 131 
Foreign currency translation adjustment and other1 1 
Balance as of end of period$638 $572 
Contracted Not Recognized Revenue

Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized (contracted not recognized revenue). Contracted not recognized revenue was $3.2 billion as of June 30, 2025, and primarily includes deferred revenue and amounts for ChoiceLease maintenance revenue that will be recognized as revenue in future periods as we provide maintenance services to our customers.