v3.26.3
REVENUE EARNING EQUIPMENT, NET (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue Earning Equipment [Abstract]  
Schedule of Revenue Earning Equipment
Estimated Useful Lives (In Years)
September 30, 2026December 31, 2025
(Dollars in millions)CostAccumulated
Depreciation
Net
CostAccumulated
Depreciation
Net
Held for use:
Trucks
2.5 — 7.5
$6,096 $(2,260)$3,836 $6,183 $(2,216)$3,967 
Tractors
   4 — 7.5
6,567 (2,989)3,578 6,567 (2,843)3,724 
Trailers and other
9.5 — 13
1,797 (778)1,019 1,754 (723)1,031 
Held for sale658 (526)132 856 (680)176 
Total$15,118 $(6,553)$8,565 $15,360 $(6,462)$8,898 
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, 2026December 31, 2025Three months ended September 30,Nine months ended September 30,
(In millions)2026202520262025
Revenue earning equipment held for sale:
Trucks$18 $26 $5 $5 $15 $18 
Tractors13 29 1 5 5 17 
Trailers and other3 5 1 1 5 6 
Total assets at fair value$34 $60 $7 $11 $25 $41 
Schedule of Components of Used Vehicle Sales
The components of "Used vehicle sales, net" were as follows:
Three months ended September 30,Nine months ended September 30,
(In millions)2026202520262025
Gains on used vehicle sales, net
$(24)$(14)$(61)$(51)
Losses from valuation adjustments7 11 25 41 
Used vehicle sales, net$(17)$(3)$(36)$(10)