| 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 September 30, 2026 | | (In millions) | | FMS | | SCS | | DTS | | Eliminations | | Total | | | | | United States | | $ | 1,535 | | | $ | 1,320 | | | $ | 606 | | | $ | (279) | | | $ | 3,182 | | | Canada | | 81 | | | 90 | | | — | | | (14) | | | 157 | | | Mexico | | — | | | 94 | | | — | | | — | | | 94 | | | Total revenue | | $ | 1,616 | | | $ | 1,504 | | | $ | 606 | | | $ | (293) | | | $ | 3,433 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, 2025 | | (In millions) | | FMS | | SCS | | DTS | | Eliminations | | Total | | | | | United States | | $ | 1,390 | | | $ | 1,219 | | | $ | 570 | | | $ | (234) | | | $ | 2,945 | | | Canada | | 75 | | | 73 | | | — | | | (10) | | | 138 | | | | | | | | | | | | | | Mexico | | — | | | 88 | | | — | | | — | | | 88 | | | Total revenue | | $ | 1,465 | | | $ | 1,380 | | | $ | 570 | | | $ | (244) | | | $ | 3,171 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2026 | | (In millions) | | FMS | | SCS | | DTS | | Eliminations | | Total | | | | | United States | | $ | 4,397 | | | $ | 3,810 | | | $ | 1,758 | | | $ | (785) | | | $ | 9,180 | | | Canada | | 239 | | | 255 | | | — | | | (40) | | | 454 | | | Mexico | | — | | | 272 | | | — | | | — | | | 272 | | | Total revenue | | $ | 4,636 | | | $ | 4,337 | | | $ | 1,758 | | | $ | (825) | | | $ | 9,906 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2025 | | (In millions) | | FMS | | SCS | | DTS | | Eliminations | | Total | | | | | United States | | $ | 4,156 | | | $ | 3,608 | | | $ | 1,778 | | | $ | (712) | | | $ | 8,830 | | | Canada | | 223 | | | 220 | | | — | | | (32) | | | 411 | | | Mexico | | — | | | 249 | | | — | | | — | | | 249 | | | Total revenue | | $ | 4,379 | | | $ | 4,077 | | | $ | 1,778 | | | $ | (744) | | | $ | 9,490 | | | | | | | | | | | | | | | |
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| Schedule of Disaggregation of Revenue |
Our FMS revenue disaggregated by product line is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | | ChoiceLease | | $ | 913 | | | $ | 875 | | | $ | 2,676 | | | $ | 2,613 | | | Commercial rental | | 244 | | | 242 | | | 684 | | | 700 | | | SelectCare and other | | 187 | | | 165 | | | 551 | | | 517 | | | Fuel services revenue | | 272 | | | 183 | | | 725 | | | 549 | | | Total FMS revenue | | $ | 1,616 | | | $ | 1,465 | | | $ | 4,636 | | | $ | 4,379 | |
Our SCS business segment included revenue from the following industries:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Nine months ended September 30, | | (In millions) | | 2026 | | 2025 | | 2026 | | 2025 | | | | | Omnichannel retail | | $ | 560 | | | $ | 467 | | | $ | 1,575 | | | $ | 1,340 | | | Automotive | | 394 | | | 390 | | | 1,154 | | | 1,191 | | | Consumer packaged goods | | 305 | | | 311 | | | 904 | | | 921 | | | Industrial and other | | 245 | | | 212 | | | 704 | | | 625 | | | Total SCS revenue | | $ | 1,504 | | | $ | 1,380 | | | $ | 4,337 | | | $ | 4,077 | |
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| 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: | | | | | | | | | | | | | | | | | Nine months ended September 30, | | (In millions) | | 2026 | | 2025 | | | | | | | Balance as of beginning of period | | $ | 684 | | | $ | 600 | | | Recognized as revenue during period from beginning balance | | (138) | | | (128) | | | Consideration deferred during period, net | | $ | 171 | | | 185 | | | Foreign currency translation adjustment and other | | (2) | | | 4 | | | Balance as of end of period | | $ | 715 | | | $ | 661 | |
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