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REVENUE (Tables)

6 Months Ended

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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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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-Topic 280
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