2023 Q2 Form 10-Q Financial Statement
#000008596123000147 Filed on July 26, 2023
Income Statement
Concept | 2023 Q2 | 2022 Q2 |
---|---|---|
Revenue | $2.884B | $3.034B |
YoY Change | -4.93% | 27.35% |
Cost Of Revenue | $1.633B | $1.723B |
YoY Change | -5.2% | 43.41% |
Gross Profit | $1.251B | $1.311B |
YoY Change | -4.58% | 11.0% |
Gross Profit Margin | 43.38% | 43.22% |
Selling, General & Admin | $1.004B | $360.7M |
YoY Change | 178.36% | 19.14% |
% of Gross Profit | 80.26% | 27.51% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $412.0M | $424.5M |
YoY Change | -2.94% | -4.44% |
% of Gross Profit | 32.93% | 32.38% |
Operating Expenses | $1.007B | $360.7M |
YoY Change | 179.19% | 19.14% |
Operating Profit | $244.0M | $950.3M |
YoY Change | -74.32% | 8.2% |
Interest Expense | -$260.0M | $55.32M |
YoY Change | -569.96% | 2.16% |
% of Operating Profit | -106.56% | 5.82% |
Other Income/Expense, Net | $11.00M | $14.58M |
YoY Change | -24.53% | -66.73% |
Pretax Income | $44.00M | $338.4M |
YoY Change | -87.0% | 66.22% |
Income Tax | $62.00M | $98.03M |
% Of Pretax Income | 140.91% | 28.97% |
Net Earnings | -$18.00M | $239.4M |
YoY Change | -107.52% | 60.56% |
Net Earnings / Revenue | -0.62% | 7.89% |
Basic Earnings Per Share | -$0.40 | $4.78 |
Diluted Earnings Per Share | -$0.39 | $4.70 |
COMMON SHARES | ||
Basic Shares Outstanding | 45.98M shares | 49.85M shares |
Diluted Shares Outstanding | 45.98M shares | 50.93M shares |
Balance Sheet
Concept | 2023 Q2 | 2022 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $218.0M | $447.7M |
YoY Change | -51.31% | 67.07% |
Cash & Equivalents | $218.0M | $447.7M |
Short-Term Investments | ||
Other Short-Term Assets | $253.0M | $194.6M |
YoY Change | 30.03% | 22.17% |
Inventory | $74.00M | $82.10M |
Prepaid Expenses | ||
Receivables | $1.572B | $1.693B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.117B | $2.417B |
YoY Change | -12.42% | 35.13% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $10.69B | $1.070B |
YoY Change | 899.32% | 14.74% |
Goodwill | $861.0M | $854.2M |
YoY Change | 0.8% | 79.62% |
Intangibles | $281.0M | $310.7M |
YoY Change | -9.57% | 680.49% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.019B | $1.263B |
YoY Change | -19.31% | 11.25% |
Total Long-Term Assets | $12.85B | $12.06B |
YoY Change | 6.6% | 8.5% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.117B | $2.417B |
Total Long-Term Assets | $12.85B | $12.06B |
Total Assets | $14.97B | $14.48B |
YoY Change | 3.42% | 12.19% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $934.0M | $966.6M |
YoY Change | -3.37% | 43.71% |
Accrued Expenses | $698.0M | $741.2M |
YoY Change | -5.83% | 54.63% |
Deferred Revenue | $198.0M | $182.6M |
YoY Change | 8.45% | -2.61% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.330B | $1.415B |
YoY Change | -5.99% | 3.82% |
Total Short-Term Liabilities | $3.411B | $3.588B |
YoY Change | -4.93% | 17.4% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.195B | $5.179B |
YoY Change | 0.32% | 6.27% |
Other Long-Term Liabilities | $1.604B | $1.437B |
YoY Change | 11.59% | 4.84% |
Total Long-Term Liabilities | $6.799B | $1.437B |
YoY Change | 372.99% | 4.84% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.411B | $3.588B |
Total Long-Term Liabilities | $6.799B | $1.437B |
Total Liabilities | $11.88B | $11.64B |
YoY Change | 1.99% | 11.05% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $2.489B | $2.380B |
YoY Change | 4.59% | 18.06% |
Common Stock | $1.177B | $1.174B |
YoY Change | 0.22% | -1.32% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.096B | $2.833B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $14.97B | $14.48B |
YoY Change | 3.42% | 12.19% |
Cashflow Statement
Concept | 2023 Q2 | 2022 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$18.00M | $239.4M |
YoY Change | -107.52% | 60.56% |
Depreciation, Depletion And Amortization | $412.0M | $424.5M |
YoY Change | -2.94% | -4.44% |
Cash From Operating Activities | $743.0M | $636.6M |
YoY Change | 16.71% | -4.38% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $1.011B | -$610.7M |
YoY Change | -265.54% | 16.71% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $181.0M | $412.0M |
YoY Change | -56.06% | 90.81% |
Cash From Investing Activities | -$830.0M | -$198.8M |
YoY Change | 317.56% | -35.34% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | -$83.00M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 69.00M | -200.4M |
YoY Change | -134.44% | 10.77% |
NET CHANGE | ||
Cash From Operating Activities | 743.0M | 636.6M |
Cash From Investing Activities | -830.0M | -198.8M |
Cash From Financing Activities | 69.00M | -200.4M |
Net Change In Cash | -18.00M | 237.5M |
YoY Change | -107.58% | 33.82% |
FREE CASH FLOW | ||
Cash From Operating Activities | $743.0M | $636.6M |
Capital Expenditures | $1.011B | -$610.7M |
Free Cash Flow | -$268.0M | $1.247B |
YoY Change | -121.49% | 4.9% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3000000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
88000000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
11000000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3096000000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
12000000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2833000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2937000000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
347000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.24 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
59000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-18000000 | usd | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
133000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
22000000 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3096000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2798000000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
382000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.16 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
61000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-9000000 | usd | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
300000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23000000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2833000000 | usd |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment | |
CY2023Q2 | r |
Segment Reporting Earnings Before Tax Before Reconciling Items
SegmentReportingEarningsBeforeTaxBeforeReconcilingItems
|
265000000 | usd |
CY2022Q2 | r |
Segment Reporting Earnings Before Tax Before Reconciling Items
SegmentReportingEarningsBeforeTaxBeforeReconcilingItems
|
341000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
44000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
338000000 | usd |
CY2023Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
1011000000 | usd |
CY2022Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
611000000 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
2884000000 | usd |
CY2022Q2 | us-gaap |
Revenues
Revenues
|
3034000000 | usd |
us-gaap |
Revenues
Revenues
|
5836000000 | usd | |
us-gaap |
Revenues
Revenues
|
5888000000 | usd | |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
544000000 | usd |
CY2021Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
593000000 | usd |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
93000000 | usd | |
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
163000000 | usd | |
r |
Contract With Customer Liability Consideration Deferred
ContractWithCustomerLiabilityConsiderationDeferred
|
96000000 | usd | |
r |
Contract With Customer Liability Consideration Deferred
ContractWithCustomerLiabilityConsiderationDeferred
|
123000000 | usd | |
r |
Contract With Customer Liability Foreign Currency Translation Adjustment And Other
ContractWithCustomerLiabilityForeignCurrencyTranslationAdjustmentAndOther
|
2000000 | usd | |
r |
Contract With Customer Liability Foreign Currency Translation Adjustment And Other
ContractWithCustomerLiabilityForeignCurrencyTranslationAdjustmentAndOther
|
11000000 | usd | |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
549000000 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
564000000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
2600000000 | usd |
CY2023Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1376000000 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1476000000 | usd |
CY2023Q2 | r |
Sales Type Lease Receivable Current
SalesTypeLeaseReceivableCurrent
|
124000000 | usd |
CY2022Q4 | r |
Sales Type Lease Receivable Current
SalesTypeLeaseReceivableCurrent
|
120000000 | usd |
CY2023Q2 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
106000000 | usd |
CY2022Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
55000000 | usd |
CY2023Q2 | r |
Receivables Gross Current
ReceivablesGrossCurrent
|
1606000000 | usd |
CY2022Q4 | r |
Receivables Gross Current
ReceivablesGrossCurrent
|
1651000000 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
34000000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
41000000 | usd |
CY2023Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1572000000 | usd |
CY2022Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1610000000 | usd |
CY2022Q4 | r |
Accounts Receivable Allowance For Credit Loss Excluding Allowance For Billing Adjustments Current
AccountsReceivableAllowanceForCreditLossExcludingAllowanceForBillingAdjustmentsCurrent
|
41000000 | usd |
CY2021Q4 | r |
Accounts Receivable Allowance For Credit Loss Excluding Allowance For Billing Adjustments Current
AccountsReceivableAllowanceForCreditLossExcludingAllowanceForBillingAdjustmentsCurrent
|
31000000 | usd |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-9000000 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-18000000 | usd | |
r |
Accounts Receivable Allowance For Credit Loss Impact Of Adoption Write Offs And Other
AccountsReceivableAllowanceForCreditLossImpactOfAdoptionWriteOffsAndOther
|
16000000 | usd | |
r |
Accounts Receivable Allowance For Credit Loss Impact Of Adoption Write Offs And Other
AccountsReceivableAllowanceForCreditLossImpactOfAdoptionWriteOffsAndOther
|
11000000 | usd | |
CY2023Q2 | r |
Accounts Receivable Allowance For Credit Loss Excluding Allowance For Billing Adjustments Current
AccountsReceivableAllowanceForCreditLossExcludingAllowanceForBillingAdjustmentsCurrent
|
34000000 | usd |
CY2022Q2 | r |
Accounts Receivable Allowance For Credit Loss Excluding Allowance For Billing Adjustments Current
AccountsReceivableAllowanceForCreditLossExcludingAllowanceForBillingAdjustmentsCurrent
|
38000000 | usd |
CY2023Q2 | r |
Revenue Earning Equipment Cost
RevenueEarningEquipmentCost
|
15091000000 | usd |
CY2023Q2 | r |
Accumulated Depreciation On Revenue Earning Equipment
AccumulatedDepreciationOnRevenueEarningEquipment
|
6296000000 | usd |
CY2023Q2 | r |
Revenue Earning Equipment Net Of Accumulated Depreciation
RevenueEarningEquipmentNetOfAccumulatedDepreciation
|
8795000000 | usd |
CY2022Q4 | r |
Revenue Earning Equipment Cost
RevenueEarningEquipmentCost
|
14433000000 | usd |
CY2022Q4 | r |
Accumulated Depreciation On Revenue Earning Equipment
AccumulatedDepreciationOnRevenueEarningEquipment
|
6243000000 | usd |
CY2022Q4 | r |
Revenue Earning Equipment Net Of Accumulated Depreciation
RevenueEarningEquipmentNetOfAccumulatedDepreciation
|
8190000000 | usd |
CY2023Q2 | r |
Gain Loss On Vehicle Sales Net
GainLossOnVehicleSalesNet
|
57000000 | usd |
CY2022Q2 | r |
Gain Loss On Vehicle Sales Net
GainLossOnVehicleSalesNet
|
132000000 | usd |
CY2023Q2 | r |
Gain Loss From Valuation Adjustments
GainLossFromValuationAdjustments
|
-2000000 | usd |
CY2022Q2 | r |
Gain Loss From Valuation Adjustments
GainLossFromValuationAdjustments
|
-2000000 | usd |
CY2023Q2 | r |
Gain Loss On Used Vehicles Net
GainLossOnUsedVehiclesNet
|
55000000 | usd |
CY2022Q2 | r |
Gain Loss On Used Vehicles Net
GainLossOnUsedVehiclesNet
|
130000000 | usd |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
2000000 | usd | |
CY2022Q2 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
20000000 | usd |
CY2023Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
155000000 | usd |
CY2023Q2 | r |
Employee Related Liabilities Non Current
EmployeeRelatedLiabilitiesNonCurrent
|
0 | usd |
CY2023Q2 | r |
Employee Related Liability
EmployeeRelatedLiability
|
155000000 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
259000000 | usd |
CY2022Q4 | r |
Employee Related Liabilities Non Current
EmployeeRelatedLiabilitiesNonCurrent
|
0 | usd |
CY2022Q4 | r |
Employee Related Liability
EmployeeRelatedLiability
|
259000000 | usd |
CY2023Q2 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
5000000 | usd |
CY2023Q2 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
93000000 | usd |
CY2023Q2 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
98000000 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
5000000 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
80000000 | usd |
CY2022Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
85000000 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
|
19000000 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
183000000 | usd |
CY2023Q2 | us-gaap |
Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
|
202000000 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
|
29000000 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
179000000 | usd |
CY2022Q4 | us-gaap |
Defined Benefit Pension Plan Current And Noncurrent Liabilities
DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities
|
208000000 | usd |
CY2023Q2 | r |
Accrued Insurance Obligation Current
AccruedInsuranceObligationCurrent
|
173000000 | usd |
CY2023Q2 | r |
Accrued Insurance Obligation Non Current
AccruedInsuranceObligationNonCurrent
|
299000000 | usd |
CY2023Q2 | r |
Accrued Insurance Obligation Current And Noncurrent
AccruedInsuranceObligationCurrentAndNoncurrent
|
472000000 | usd |
CY2022Q4 | r |
Accrued Insurance Obligation Current
AccruedInsuranceObligationCurrent
|
179000000 | usd |
CY2022Q4 | r |
Accrued Insurance Obligation Non Current
AccruedInsuranceObligationNonCurrent
|
309000000 | usd |
CY2022Q4 | r |
Accrued Insurance Obligation Current And Noncurrent
AccruedInsuranceObligationCurrentAndNoncurrent
|
488000000 | usd |
CY2023Q2 | r |
Accrual For Taxes Other Than Income Tax Current
AccrualForTaxesOtherThanIncomeTaxCurrent
|
138000000 | usd |
CY2023Q2 | r |
Accrual For Taxes Other Than Income Taxes Non Current
AccrualForTaxesOtherThanIncomeTaxesNonCurrent
|
0 | usd |
CY2023Q2 | r |
Accrual For Taxes Other Than Income Tax Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxCurrentAndNoncurrent
|
138000000 | usd |
CY2022Q4 | r |
Accrual For Taxes Other Than Income Tax Current
AccrualForTaxesOtherThanIncomeTaxCurrent
|
132000000 | usd |
CY2022Q4 | r |
Accrual For Taxes Other Than Income Taxes Non Current
AccrualForTaxesOtherThanIncomeTaxesNonCurrent
|
0 | usd |
CY2022Q4 | r |
Accrual For Taxes Other Than Income Tax Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxCurrentAndNoncurrent
|
132000000 | usd |
CY2023Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
51000000 | usd |
CY2023Q2 | r |
Interest Payable Noncurrent
InterestPayableNoncurrent
|
0 | usd |
CY2023Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
51000000 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
41000000 | usd |
CY2022Q4 | r |
Interest Payable Noncurrent
InterestPayableNoncurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
41000000 | usd |
CY2023Q2 | r |
Deposit Liability Mainly From Customer Current
DepositLiabilityMainlyFromCustomerCurrent
|
73000000 | usd |
CY2023Q2 | r |
Deposit Liability Mainly From Customer Noncurrent
DepositLiabilityMainlyFromCustomerNoncurrent
|
0 | usd |
CY2023Q2 | r |
Deposits Mainly From Customer
DepositsMainlyFromCustomer
|
73000000 | usd |
CY2022Q4 | r |
Deposit Liability Mainly From Customer Current
DepositLiabilityMainlyFromCustomerCurrent
|
84000000 | usd |
CY2022Q4 | r |
Deposit Liability Mainly From Customer Noncurrent
DepositLiabilityMainlyFromCustomerNoncurrent
|
0 | usd |
CY2022Q4 | r |
Deposits Mainly From Customer
DepositsMainlyFromCustomer
|
84000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
196000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
586000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
782000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
191000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
541000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
732000000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
198000000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
351000000 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
549000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
178000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
366000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
544000000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
139000000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
92000000 | usd |
CY2023Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
231000000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
102000000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
93000000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
195000000 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
1147000000 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1604000000 | usd |
CY2023Q2 | r |
Accrued Expenses And Other Liabilities Net
AccruedExpensesAndOtherLiabilitiesNet
|
2751000000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
1200000000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1568000000 | usd |
CY2022Q4 | r |
Accrued Expenses And Other Liabilities Net
AccruedExpensesAndOtherLiabilitiesNet
|
2768000000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
368000000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
378000000 | usd |
CY2023Q2 | r |
Operating Lease Lease Income Commercial Rental
OperatingLeaseLeaseIncomeCommercialRental
|
287000000 | usd |
CY2022Q2 | r |
Operating Lease Lease Income Commercial Rental
OperatingLeaseLeaseIncomeCommercialRental
|
325000000 | usd |
CY2023Q2 | us-gaap |
Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
|
11000000 | usd |
CY2022Q2 | us-gaap |
Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
|
10000000 | usd |
CY2023Q2 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
70000000 | usd |
CY2022Q2 | us-gaap |
Variable Lease Income
VariableLeaseIncome
|
71000000 | usd |
CY2023Q2 | us-gaap |
Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
|
607000000 | usd |
CY2023Q2 | us-gaap |
Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
|
65000000 | usd |
CY2023Q2 | r |
Sales Type Lease Investment In Lease
SalesTypeLeaseInvestmentInLease
|
672000000 | usd |
CY2023Q2 | us-gaap |
Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
|
4000000 | usd |
CY2023Q2 | us-gaap |
Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
|
668000000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
6550000000 | usd |
CY2023Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
25000000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
6525000000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1330000000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
5195000000 | usd |
CY2022Q4 | us-gaap |
Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
|
47000000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
6000000000 | usd |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1314000000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1124000000 | usd | |
us-gaap |
Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
|
1.01 | ||
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
183000000 | usd |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-18000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
240000000 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
122000000 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
416000000 | usd | |
CY2023Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | usd |
CY2022Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1000000 | usd |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1000000 | usd | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
2000000 | usd | |
CY2023Q2 | r |
Income Loss From Continuing Operations Available To Common Stockholders Basic
IncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
|
-18000000 | usd |
CY2022Q2 | r |
Income Loss From Continuing Operations Available To Common Stockholders Basic
IncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
|
239000000 | usd |
r |
Income Loss From Continuing Operations Available To Common Stockholders Basic
IncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
|
121000000 | usd | |
r |
Income Loss From Continuing Operations Available To Common Stockholders Basic
IncomeLossFromContinuingOperationsAvailableToCommonStockholdersBasic
|
414000000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45975000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49852000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46176000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50474000 | shares | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.39 | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.80 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.64 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
8.20 | ||
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-18000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
240000000 | usd |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
122000000 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
416000000 | usd | |
CY2023Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
0 | usd |
CY2022Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
0 | usd |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
0 | usd | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
0 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-18000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
240000000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
122000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
416000000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45975000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49852000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46176000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50474000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1073000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
980000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1226000 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45975000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50925000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47156000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
51700000 | shares | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.39 | |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.72 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.60 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
8.05 | ||
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2531000 | shares |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1068000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1579000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
765000 | shares | |
CY2023Q2 | r |
Operating Income Loss Fms
OperatingIncomeLossFMS
|
1000000 | usd |
CY2022Q2 | r |
Operating Income Loss Fms
OperatingIncomeLossFMS
|
0 | usd |
r |
Operating Income Loss Fms
OperatingIncomeLossFMS
|
-3000000 | usd | |
r |
Operating Income Loss Fms
OperatingIncomeLossFMS
|
0 | usd | |
CY2023Q2 | r |
Commercial Claims Proceeds Net Of Fees
CommercialClaimsProceedsNetOfFees
|
0 | usd |
CY2022Q2 | r |
Commercial Claims Proceeds Net Of Fees
CommercialClaimsProceedsNetOfFees
|
5000000 | usd |
r |
Commercial Claims Proceeds Net Of Fees
CommercialClaimsProceedsNetOfFees
|
-31000000 | usd | |
r |
Commercial Claims Proceeds Net Of Fees
CommercialClaimsProceedsNetOfFees
|
12000000 | usd | |
CY2023Q2 | r |
Severance And Other Net
SeveranceAndOtherNet
|
0 | usd |
CY2022Q2 | r |
Severance And Other Net
SeveranceAndOtherNet
|
6000000 | usd |
r |
Severance And Other Net
SeveranceAndOtherNet
|
3000000 | usd | |
r |
Severance And Other Net
SeveranceAndOtherNet
|
9000000 | usd | |
CY2023Q2 | r |
Restructuring And Other Charges Fms Exit
RestructuringAndOtherChargesFMSExit
|
-5000000 | usd |
CY2022Q2 | r |
Restructuring And Other Charges Fms Exit
RestructuringAndOtherChargesFMSExit
|
-32000000 | usd |
r |
Restructuring And Other Charges Fms Exit
RestructuringAndOtherChargesFMSExit
|
-36000000 | usd | |
r |
Restructuring And Other Charges Fms Exit
RestructuringAndOtherChargesFMSExit
|
-31000000 | usd | |
CY2023Q2 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-188000000 | usd |
CY2022Q2 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
0 | usd |
us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-188000000 | usd | |
us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
0 | usd | |
CY2023Q2 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
0 | usd |
CY2022Q2 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
0 | usd |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
-1000000 | usd | |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
4000000 | usd | |
CY2023Q2 | r |
Restructuring And Other Charges Net And Other Items
RestructuringAndOtherChargesNetAndOtherItems
|
183000000 | usd |
CY2022Q2 | r |
Restructuring And Other Charges Net And Other Items
RestructuringAndOtherChargesNetAndOtherItems
|
-32000000 | usd |
r |
Restructuring And Other Charges Net And Other Items
RestructuringAndOtherChargesNetAndOtherItems
|
151000000 | usd | |
r |
Restructuring And Other Charges Net And Other Items
RestructuringAndOtherChargesNetAndOtherItems
|
-27000000 | usd | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CONTINGENCIES AND OTHER MATTERS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are a party to various claims, complaints and proceedings arising in the ordinary course of our continuing business operations, including those relating to commercial and employment claims, environmental matters, risk management matters (e.g., vehicle liability, workers' compensation, etc.), and administrative assessments primarily associated with operating taxes. We have established loss provisions for matters in which losses are probable and can be reasonably estimated. We believe that the resolution of these claims, complaints and legal proceedings will not have a material effect on our Condensed Consolidated Financial Statements. </span></div><div style="text-indent:13.5pt"><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our estimates regarding potential losses and materiality are based on our judgment and assessment of the claims utilizing currently available information. Although we will continue to reassess our estimated liability based on future developments, our objective assessment of the legal merits of such claims may not always be predictive of the outcome and actual results may vary from our current estimates. </span></div><div style="margin-top:3pt;text-indent:24.75pt"><span><br/></span></div><div style="text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Securities Litigation Relating to Residual Value Estimates </span></div><div style="margin-top:3pt;text-indent:13.5pt"><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On May 20, 2020, a putative class action on behalf of purchasers of our securities who purchased or otherwise acquired their securities between July 23, 2015 and February 13, 2020, inclusive (Class Period), was commenced against Ryder and certain of our current and former officers in the U.S. District Court for the Southern District of Florida (the "Securities Class Action"). The complaint alleges, among other things, that the defendants misrepresented Ryder's depreciation policy and residual value estimates for its vehicles during the Class Period in violation of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, and seeks to recover, among other things, unspecified compensatory damages and attorneys' fees and costs. On August 3, 2020, the State of Alaska, Alaska Permanent Fund, the City of Fort Lauderdale General </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Employees' Retirement System, and the City of Plantation Police Officers Pension Fund were appointed lead plaintiffs. On October 5, 2020, the lead plaintiffs filed an amended complaint. On December 4, 2020, Ryder and the other named defendants in the case filed a Motion to Dismiss the amended complaint. On May 12, 2022, the court denied the defendants' motion to dismiss. The court entered a case management schedule on June 27, 2022, which, among other things, provides that discovery shall be completed by October 2023 and trial shall commence in June 2024. On April 18, 2023, the parties reached an agreement in principle to resolve the Securities Class Action. On May 19, 2023, plaintiffs filed an unopposed Motion for Preliminary Approval of the settlement, and the parties filed corresponding settlement documentation, which are pending court approval. We expect that the settlement amount will be covered by insurance, and accordingly is not material to our financial position or results of operations.</span></div><div style="text-indent:13.5pt"><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As previously disclosed, between June 2020 and February 2, 2021, five shareholder derivative complaints were filed purportedly on behalf of Ryder against us as nominal defendant and certain of our current and former officers and our current directors. The derivative complaints are generally based on the allegations set forth in the Securities Class Action and allege breach of fiduciary duties, unjust enrichment, and waste of corporate assets. The derivative plaintiffs, on our behalf, seek an award of monetary damages and restitution to us, improvements in our corporate governance and internal procedures, and legal fees. Three of these derivative complaints were filed in the Circuit Court of the 11th Judicial Circuit in and for Miami-Dade County, Florida, and were then consolidated into a single action (the "State Action"). Two of the derivative complaints were filed in U.S. District Court for the Southern District of Florida (the "Federal Actions", and together with the State Action, the "Derivative Cases"). All of the Derivative Cases were stayed (stopped) pending the resolution of the motion to dismiss the Securities Class Action described in the paragraph above. On July 18, 2022, the Federal Actions were further stayed pending the final resolution of the State Action. On July 26, 2022, the State Action was further stayed until the conclusion of summary judgment proceedings in the Securities Class Action (except that certain discovery would be permitted). We continue to believe that the claims asserted in the complaints are without merit and intend to defend against them vigorously.</span></div> | ||
CY2021Q1 | us-gaap |
Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
|
5 | complaint |
us-gaap |
Interest Paid Net
InterestPaidNet
|
123000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
100000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
67000000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
67000000 | usd | |
us-gaap |
Proceeds From Lease Payments
ProceedsFromLeasePayments
|
115000000 | usd | |
us-gaap |
Proceeds From Lease Payments
ProceedsFromLeasePayments
|
86000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
11000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
5000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
154000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
118000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
361000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
290000000 | usd | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false |