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REVENUE EARNING EQUIPMENT, NET (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue Earning Equipment [Abstract] |
Schedule of Revenue Earning Equipment |
|  | Estimated Useful Lives (In Years) |  | September 30, 2025 |  | December 31, 2024
(Dollars in millions) |  |  | Cost |  | Accumulated Depreciation |  | Net |  | Cost |  | Accumulated Depreciation |  | Net
Held for use: |  |  |  |
Trucks |  | 3 — 7 |  | $ | 6,217 |  |  | $ | (2,196) |  |  | $ | 4,021 |  |  | $ | 6,252 |  |  | $ | (2,210) |  |  | $ | 4,042 |
Tractors |  | 4 — 7.5 |  | 6,670 |  |  | (2,841) |  |  | 3,829 |  |  | 6,721 |  |  | (2,739) |  |  | 3,982 |
Trailers and other |  | 9.5 — 12 |  | 1,687 |  |  | (692) |  |  | 995 |  |  | 1,695 |  |  | (671) |  |  | 1,024 |
Held for sale |  |  |  | 741 |  |  | (583) |  |  | 158 |  |  | 781 |  |  | (623) |  |  | 158 |
Total |  |  |  | $ | 15,315 |  |  | $ | (6,312) |  |  | $ | 9,003 |  |  | $ | 15,449 |  |  | $ | (6,243) |  |  | $ | 9,206 |
Schedule of Fair Value, Assets | The following table presents our assets held for sale that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement:
|  |  |  | Losses from Valuation Adjustments
|  | September 30, 2025 |  | December 31, 2024 |  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  |  |  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue earning equipment held for sale: |  |  |  |  |  |  |  |  |  |  |  |
Trucks |  | $ | 24 |  |  | $ | 10 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 18 |  |  | $ | 9 |
Tractors |  | 26 |  |  | 27 |  |  | 5 |  |  | 4 |  |  | 17 |  |  | 13 |
Trailers and other |  | 5 |  |  | 3 |  |  | 1 |  |  | 1 |  |  | 6 |  |  | 3 |
Total assets at fair value |  | $ | 55 |  |  | $ | 40 |  |  | $ | 11 |  |  | $ | 8 |  |  | $ | 41 |  |  | $ | 25 |
Schedule of Gain and Losses Revenue Earning Equipment | The components of "Used vehicle sales, net" were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Gains on used vehicle sales, net |  | $ | (14) |  |  | $ | (23) |  |  | $ | (51) |  |  | $ | (79) |
Losses from valuation adjustments |  | 11 |  |  | 8 |  |  | 41 |  |  | 25 |
Used vehicle sales, net |  | $ | (3) |  |  | $ | (15) |  |  | $ | (10) |  |  | $ | (54) |

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