Ryder System (R) 10-Q 22 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2015shares
Document and Entity Information [Abstract]
Entity Registrant Name	RYDER SYSTEM INC
Entity Central Index Key	85,961
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding	53,425,097

Consolidated Condensed Statemen

Consolidated Condensed Statements of Earnings (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Lease and rental revenues		$ 802,881	$ 756,733	$ 2,310,951	$ 2,180,178
Services revenue		734,803	732,049	2,165,677	2,183,175
Fuel services revenue		131,382	198,368	422,522	619,105
Total revenues		1,669,066	1,687,150	4,899,150	4,982,458
Cost of lease and rental		550,541	522,202	1,600,271	1,522,394
Cost of services		606,364	607,530	1,792,182	1,839,035
Cost of fuel services		129,562	194,926	408,027	605,744
Other operating expenses		31,286	28,889	98,864	96,541
Selling, general and administrative expenses		203,093	202,001	624,566	594,133
Gains on vehicle sales, net		(29,294)	(33,691)	(92,110)	(96,874)
Interest expense		38,986	36,681	114,863	107,948
Miscellaneous income, net		(1,372)	(996)	(5,037)	(11,206)
Total expenses		1,529,166	1,557,542	4,541,626	4,657,715
Earnings from continuing operations before income taxes		139,900	129,608	357,524	324,743
Provision for income taxes		49,089	45,713	127,470	116,001
Earnings from continuing operations		90,811	83,895	230,054	208,742
Loss from discontinued operations, net of tax		(192)	(278)	(1,487)	(1,480)
Net earnings		$ 90,619	$ 83,617	$ 228,567	$ 207,262
Earnings (loss) per common share — Basic
Continuing operations (in dollars per share)		$ 1.71	$ 1.60	$ 4.35	$ 3.96	[1]
Discontinued operations (in dollars per share)	[1]	0	(0.01)	(0.03)	(0.03)
Net earnings (in dollars per share)	[1]	1.71	1.59	4.32	3.93
Earnings (loss) per common share — Diluted
Continuing operations (in dollars per share)		1.70	1.58	4.31	3.92	[1]
Discontinued operations (in dollars per share)	[1]	0	(0.01)	(0.03)	(0.03)
Net earnings (in dollars per share)	[1]	1.69	1.57	4.28	3.89
Cash dividends declared per common share (in dollars per share)		$ 0.41	$ 0.37	$ 1.15	$ 1.05
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Consolidated Condensed Stateme3

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net earnings	$ 90,619	$ 83,617	$ 228,567	$ 207,262
Other comprehensive loss:
Changes in cumulative translation adjustment and other	(42,748)	(46,879)	(73,093)	(35,198)
Amortization of pension and postretirement items	6,873	4,658	20,765	13,986
Income tax expense related to amortization of pension and postretirement items	(2,412)	(1,603)	(7,226)	(4,811)
Amortization of pension and postretirement items, net of taxes	4,461	3,055	13,539	9,175
Change in net actuarial loss	0	(148)	(8,526)	(3,292)
Income tax benefit related to change in net actuarial loss	0	44	3,205	1,140
Change in net actuarial loss, net of taxes	0	(104)	(5,321)	(2,152)
Other comprehensive loss, net of taxes	(38,287)	(43,928)	(64,875)	(28,175)
Comprehensive income	$ 52,332	$ 39,689	$ 163,692	$ 179,087

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 75,387	$ 50,092
Receivables, net of allowance of $17,708 and $16,388, respectively	814,160	794,864
Inventories	64,087	66,007
Prepaid expenses and other current assets	163,893	165,234
Total current assets	1,117,527	1,076,197
Revenue earning equipment, net of accumulated depreciation of $3,876,682 and $3,689,016 respectively	8,036,710	7,201,886
Operating property and equipment, net of accumulated depreciation of $1,078,471 and $1,035,028, respectively	712,169	699,594
Goodwill	390,853	393,029
Intangible assets	60,551	66,619
Direct financing leases and other assets	502,376	446,099
Total assets	10,820,186	9,883,424
Current liabilities:
Short-term debt and current portion of long-term debt	305,759	36,284
Accounts payable	550,305	560,852
Accrued expenses and other current liabilities	511,198	513,679
Total current liabilities	1,367,262	1,110,815
Long-term debt	5,144,938	4,694,335
Other non-current liabilities	780,415	783,342
Deferred income taxes	1,575,507	1,475,845
Total liabilities	8,868,122	8,064,337
Shareholders’ equity:
Preferred stock, no par value per share — authorized, 3,800,917; none outstanding, September 30, 2015 or December 31, 2014	0	0
Common stock, $0.50 par value per share — authorized, 400,000,000; outstanding, September 30, 2015 — 53,425,097; December 31, 2014 — 53,039,688	26,712	26,520
Additional paid-in capital	997,753	962,328
Retained earnings	1,612,744	1,450,509
Accumulated other comprehensive loss	(685,145)	(620,270)
Total shareholders’ equity	1,952,064	1,819,087
Total liabilities and shareholders’ equity	$ 10,820,186	$ 9,883,424

Consolidated Condensed Balance5

Consolidated Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Allowance for doubtful accounts, current	$ 17,708	$ 16,388
Revenue earning equipment, accumulated depreciation	3,876,682	3,689,016
Operating property and equipment, accumulated depreciation	$ 1,078,471	$ 1,035,028
Shareholders’ equity:
Common stock, par value	$ 0.50	$ 0.50
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares outstanding	53,425,097	53,039,688
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	3,800,917	3,800,917
Preferred stock, shares outstanding	0	0

Consolidated Condensed Stateme6

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities from continuing operations:
Net earnings	$ 228,567	$ 207,262
Less: Loss from discontinued operations, net of tax	(1,487)	(1,480)
Earnings from continuing operations	230,054	208,742
Depreciation expense	838,100	781,367
Gains on vehicle sales, net	(92,110)	(96,874)
Share-based compensation expense	16,112	15,446
Amortization expense and other non-cash charges, net	46,272	35,850
Deferred income tax expense	111,609	99,418
Changes in operating assets and liabilities:
Receivables	(23,751)	(37,408)
Inventories	1,275	(731)
Prepaid expenses and other assets	(33,334)	(23,385)
Accounts payable	(19,506)	44,976
Accrued expenses and other non-current liabilities	(3,385)	(46,357)
Net cash provided by operating activities from continuing operations	1,071,336	981,044
Cash flows from financing activities from continuing operations:
Net change in commercial paper borrowings	184,750	(164,944)
Debt proceeds	1,329,810	895,733
Debt repaid	(795,837)	(284,811)
Dividends on common stock	(61,436)	(55,408)
Common stock issued	20,397	38,990
Common stock repurchased	(6,141)	(92,343)
Excess tax benefits from share-based compensation	723	514
Debt issuance costs	(7,483)	(5,230)
Net cash provided by financing activities from continuing operations	664,783	332,501
Cash flows from investing activities from continuing operations:
Purchases of property and revenue earning equipment	(2,087,294)	(1,741,173)
Sales of revenue earning equipment	319,766	392,572
Sales of operating property and equipment	1,203	3,091
Acquisitions	0	(9,785)
Collections on direct finance leases	51,166	48,920
Changes in restricted cash	7,781	10,344
Other	0	(1,250)
Net cash used in investing activities from continuing operations	(1,707,378)	(1,297,281)
Effect of exchange rate changes on cash	(2,006)	(1,210)
Increase in cash and cash equivalents from continuing operations	26,735	15,054
Decrease in cash and cash equivalents from discontinued operations	(1,440)	(1,614)
Increase in cash and cash equivalents	25,295	13,440
Cash and cash equivalents at beginning of period	50,092	61,562
Cash and cash equivalents at end of period	$ 75,387	$ 75,002

Consolidated Condensed Stateme7

Consolidated Condensed Statement of Shareholders' Equity (Unaudited) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands		Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning balance at Dec. 31, 2014		$ 1,819,087	$ 0	$ 26,520	$ 962,328	$ 1,450,509	$ (620,270)
Beginning balance, shares at Dec. 31, 2014		53,039,688		53,039,688
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)		$ 163,692				228,567	(64,875)
Common stock dividends declared — $1.15 per share		(61,441)				(61,441)
Common stock issued under employee stock option and stock purchase plans	[1]	20,308		$ 227	20,081
Common stock issued under employee stock option and stock purchase plans, shares	[1]			453,555
Benefit plan stock sales	[2]	89		$ 0	89
Benefit plan stock sales, shares	[2]			961
Common stock repurchases		(6,141)		$ (35)	(1,215)	(4,891)
Common stock repurchases, shares				(69,107)
Share-based compensation		16,112			16,112	0
Tax benefits from share-based compensation		358			358
Ending balance at Sep. 30, 2015		$ 1,952,064	$ 0	$ 26,712	$ 997,753	$ 1,612,744	$ (685,145)
Ending balance, shares at Sep. 30, 2015		53,425,097		53,425,097
[1]	Net of common shares delivered as payment for the exercise price or to satisfy the option holders’ withholding tax liability upon exercise of options.
[2]	Represents open-market transactions of common shares by the trustee of Ryder’s deferred compensation plans.

Consolidated Condensed Stateme8

Consolidated Condensed Statement of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per common share (in dollars per share)	$ 0.41	$ 0.37	$ 1.15	$ 1.05

General

General	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
GENERAL	Interim Financial Statements The accompanying unaudited Consolidated Condensed Financial Statements include the accounts of Ryder System, Inc. (Ryder) and all entities in which Ryder has a controlling voting interest (subsidiaries) and variable interest entities (VIEs) required to be consolidated in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The accompanying unaudited Consolidated Condensed Financial Statements have been prepared in accordance with the accounting policies described in our 2014 Annual Report on Form 10-K and should be read in conjunction with the Consolidated Financial Statements and notes thereto. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal recurring accruals and items referenced under "Revision of Prior Period Financial Statements") considered necessary for a fair statement have been included and the disclosures herein are adequate. The operating results for interim periods are unaudited and are not necessarily indicative of the results that can be expected for a full year. During the first quarter of 2015, our management structure changed within the supply chain business. We created the role of President of Dedicated Transportation Solutions (DTS) for the dedicated product offering which was previously within Supply Chain Solutions (SCS). We are now reporting our financial performance as follows: (1) Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the U.S., Canada and the U.K.; (2) DTS, which provides vehicles and drivers as part of a dedicated transportation solution in the U.S.; and (3) SCS, which provides comprehensive supply chain solutions including distribution and transportation services in North America and Asia. Dedicated transportation services provided as part of an integrated, multi-service, supply chain solution to SCS customers are reported in the SCS business segment. Prior period amounts have been recast to conform to the new presentation. This change impacted Note (P), "Segment Reporting," with no impact on consolidated revenues, net income or cash flows. Revision of Prior Period Financial Statements The Company periodically enters into sale and leaseback transactions to lower the total cost of funding our operations and to diversify funding among different classes of investors and among different types of funding instruments. These transactions historically resulted in a reduction of revenue earning equipment and debt on the balance sheet, as proceeds from the sale of revenue earning equipment were used to repay debt. During the second quarter of 2015, we reviewed and evaluated the structure of these transactions and determined that they should be accounted for as issuances of financial interests that do not qualify for deconsolidation. We evaluated the materiality of this revision, quantitatively and qualitatively, and concluded it was not material to any of our previously issued consolidated financial statements. However, we elected to revise previously issued financial statements to avoid inconsistencies in our financial statements. Accordingly, we revised previously reported results for the years ended December 31, 2014, 2013 and 2012 as well as previously reported results for the three and nine months ended September 30, 2014, the three and six months ended June 30, 2014, and the three months ended March 31, 2015 and 2014 in our Form 10-Q for the quarter ended June 30, 2015. The effects of this revision for the three and nine months ended September 30, 2014, and as of December 31, 2014 are presented in the tables below. Adjustments may not be additive and may have minor differences within the tables due to rounding. The effects of this revision on our Consolidated Condensed Statements of Earnings were as follows (in millions): Three months ended September 30, 2014 Nine months ended September 30, 2014 As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Cost of lease and rental $ 522.9 (0.7 ) 522.2 $ 1,524.0 (1.6 ) 1,522.4 Interest expense 35.9 0.8 36.7 106.3 1.6 107.9 Earnings from continuing operations before income taxes 129.7 (0.1 ) 129.6 324.8 (0.1 ) 324.7 Provision for income taxes 45.8 (0.1 ) 45.7 116.0 — 116.0 Earnings from continuing operations 84.0 (0.1 ) 83.9 208.8 (0.1 ) 208.7 Net earnings 83.7 (0.1 ) 83.6 207.3 — 207.3 The effects of this revision on our Consolidated Condensed Statements of Comprehensive Income were as follows (in millions): Comprehensive Income As Previously Reported Adjustment As Revised Three months ended September 30, 2014 $ 39.8 (0.1 ) 39.7 Nine months ended September 30, 2014 179.1 — 179.1 The effects of this revision on our Consolidated Balance Sheets were as follows (in millions): December 31, 2014 As Previously Reported Adjustment As Revised Revenue earning equipment, net $ 6,994.4 207.4 7,201.9 Total assets 9,676.0 207.4 9,883.4 Short-term debt and current portion of long-term debt 12.2 24.1 36.3 Accrued expenses and other current liabilities 520.5 (6.8 ) 513.7 Total current liabilities 1,093.6 17.2 1,110.8 Long-term debt 4,500.3 194.0 4,694.3 Other non-current liabilities 786.7 (3.4 ) 783.3 Deferred income taxes 1,476.0 (0.2 ) 1,475.8 Total liabilities 7,856.5 207.8 8,064.3 Retained earnings 1,450.9 (0.4 ) 1,450.5 Total shareholders’ equity 1,819.5 (0.4 ) 1,819.1 Total liabilities and shareholders’ equity 9,676.0 207.4 9,883.4 The effects of this revision on the individual line items within our Consolidated Condensed Statements of Cash Flows were as follows (in millions): Nine months ended September 30, 2014 As Previously Reported Adjustment As Revised Net earnings $ 207.3 — 207.3 Depreciation expense 770.1 11.3 781.4 Accrued expenses and other non-current liabilities (41.5 ) (4.9 ) (46.4 ) Net cash provided by operating activities from continuing operations 974.7 6.3 981.0 Debt proceeds 769.9 125.8 895.7 Debt repaid (278.4 ) (6.4 ) (284.8 ) Net cash provided by financing activities from continuing operations 213.1 119.4 332.5 Sale and leaseback of revenue earning equipment 125.8 (125.8 ) — Net cash used in investing activities from continuing operations (1,171.5 ) (125.8 ) (1,297.3 )

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS Accounting for Measurement Period Adjustments On September 25, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-16, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments , which requires an acquirer to recognize adjustments identified during the measurement period in the reporting period in which the adjustment amounts are determined. The adjustment must include the cumulative effect of the adjustment as if the accounting had been completed on the acquisition date. The update should be applied prospectively and becomes effective January 1, 2016. Early application is permitted. The adoption of ASU 2015-16 will not have an impact on our consolidated financial position, results of operations or cash flows. Inventory Valuation On July 22, 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory , which applies to inventory that is measured using first-in, first-out or average cost. Under the updated guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventory that is measured using last-in, first-out. The update becomes effective January 1, 2017 and should be applied prospectively with early adoption permitted at the beginning of an interim or annual reporting period. We are in the process of determining the effect of the standard on our consolidated financial position and results of operations. Presentation of Debt Issuance Costs On April 7, 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires an entity to present debt issuance costs as a direct reduction from the carrying amount of the related debt liability on the balance sheet. On August 30, 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which clarifies the treatment of debt issuance costs from line-of-credit arrangements after adoption of ASU 2015-03. The SEC Staff announced they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The update requires retrospective application and represents a change in accounting principle. The update becomes effective January 1, 2016. Based on the balances as of September 30, 2015 , we expect to reclassify $20.0 million of unamortized debt issuance costs from "Direct financing leases and other assets" to "Long-term debt." Revenue Recognition On May 28, 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance. The update was originally effective January 1, 2017. On August 12, 2015, the FASB issued ASU 2015-14 , Revenue from Contracts with Customers (Topic 606 ): Deferral of the Effective Date, which defers the effective date by one year to January 1, 2018. Early application is permitted but not before January 1, 2017. The standard permits the use of either the modified retrospective or cumulative effect transition methods. We have not yet selected a transition method. We are in the process of determining the effect of the standard on our consolidated financial position and results of operations.

Share-Based Compensation Plans

Share-Based Compensation Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION PLANS	SHARE-BASED COMPENSATION PLANS Share-based incentive awards are provided to employees under the terms of various share-based compensation plans (collectively, the “Plans”). The Plans are administered by the Compensation Committee of the Board of Directors. Awards under the Plans principally include at-the-money stock options, nonvested stock and cash awards. Nonvested stock awards include grants of market-based, performance-based and time-vested restricted stock rights. Under the terms of our Plans, dividends may be paid on our nonvested stock awards but are not paid unless the award vests. Upon vesting, the amount of the dividends paid is equal to the aggregate dividends declared on common shares during the period from the grant date of the award until the date the shares underlying the award are delivered. The following table provides information on share-based compensation expense and income tax benefits recognized during the periods: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Stock option and stock purchase plans $ 1,948 2,353 $ 6,205 6,831 Nonvested stock 2,995 3,104 9,907 8,615 Share-based compensation expense 4,943 5,457 16,112 15,446 Income tax benefit (1,652 ) (1,864 ) (5,395 ) (5,253 ) Share-based compensation expense, net of tax $ 3,291 3,593 $ 10,717 10,193 The following table is a summary of compensation expense recognized for market-based cash awards in addition to the share-based compensation expense reported in the previous table: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Cash awards $ 197 389 $ 661 1,655 Total unrecognized pre-tax compensation expense related to all share-based compensation arrangements at September 30, 2015 was $24.5 million and is expected to be recognized over a weighted-average period of 1.8 years. The following table is a summary of the awards granted under the Plans during the periods presented: Nine months ended September 30, 2015 2014 (In thousands) Stock options 362 406 Market-based restricted stock rights 19 22 Performance-based restricted stock rights 42 30 Time-vested restricted stock rights 87 184 Total 510 642

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents the calculation of basic and diluted earnings per common share from continuing operations: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands, except per share amounts) Earnings per share — Basic: Earnings from continuing operations $ 90,811 83,895 $ 230,054 208,742 Less: Distributed and undistributed earnings allocated to nonvested stock (266 ) (275 ) (654 ) (879 ) Earnings from continuing operations available to common shareholders — Basic $ 90,545 83,620 $ 229,400 207,863 Weighted average common shares outstanding — Basic 52,888 52,459 52,770 52,559 Earnings from continuing operations per common share — Basic $ 1.71 1.60 $ 4.35 3.96 Earnings per share — Diluted: Earnings from continuing operations $ 90,811 83,895 $ 230,054 208,742 Less: Distributed and undistributed earnings allocated to nonvested stock (265 ) (273 ) (649 ) (873 ) Earnings from continuing operations available to common shareholders — Diluted $ 90,546 83,622 $ 229,405 207,869 Weighted average common shares outstanding — Basic 52,888 52,459 52,770 52,559 Effect of dilutive equity awards 445 515 476 487 Weighted average common shares outstanding — Diluted 53,333 52,974 53,246 53,046 Earnings from continuing operations per common share — Diluted $ 1.70 1.58 $ 4.31 3.92 Anti-dilutive equity awards not included above 352 8 300 212

Revenue Earning Equipment

Revenue Earning Equipment	9 Months Ended
	Sep. 30, 2015
Revenue Earning Equipment [Abstract]
REVENUE EARNING EQUIPMENT	REVENUE EARNING EQUIPMENT September 30, 2015 December 31, 2014 Cost Accumulated Depreciation Net Book Value (1) Cost Accumulated Depreciation Net Book Value (1) (In thousands) Held for use: Full service lease $ 8,612,790 (2,699,055 ) 5,913,735 $ 8,008,122 (2,598,140 ) 5,409,982 Commercial rental 2,932,196 (924,004 ) 2,008,192 2,570,081 (864,543 ) 1,705,538 Held for sale 368,406 (253,623 ) 114,783 312,699 (226,333 ) 86,366 Total $ 11,913,392 (3,876,682 ) 8,036,710 $ 10,890,902 (3,689,016 ) 7,201,886 ———————————— (1) Revenue earning equipment, net includes vehicles acquired under capital leases of $47.5 million , less accumulated depreciation of $21.0 million , at September 30, 2015 , and $47.8 million , less accumulated depreciation of $22.5 million , at December 31, 2014 . At the end of 2014, we completed our annual review of residual values and useful lives of revenue earning equipment. Based on the results of our analysis, we adjusted the estimated residual values of certain classes of revenue earning equipment effective January 1, 2015. The change in estimated residual values and useful lives increased pre-tax earnings for the three and nine months ended September 30, 2015 by approximately $10.0 million and $30.0 million , respectively. We lease revenue earning equipment to customers for periods typically ranging from three to seven years for trucks and tractors and up to ten years for trailers. The majority of our leases are classified as operating leases. However, some of our revenue earning equipment leases are classified as direct financing leases and, to a lesser extent, sales-type leases. As of September 30, 2015 and December 31, 2014 , the net investment in direct financing and sales-type leases was $442.6 million and $417.0 million , respectively. Our direct financing lease customers operate in a wide variety of industries, and we have no significant customer concentrations in any one industry. We assess credit risk for all of our customers including those who lease equipment under direct financing leases upon signing of a full service lease contract. For those customers who are designated as high risk, we typically require deposits to be paid in advance in order to mitigate our credit risk. Additionally, our receivables are collateralized by the vehicles, based on their estimated fair values, which further mitigates our credit risk. As of September 30, 2015 and December 31, 2014 , the amount of direct financing lease receivables past due was not significant, and there were no impaired receivables. Accordingly, we do not believe there is a material risk of default with respect to the direct financing lease receivables. The allowance for credit losses was $0.3 million as of September 30, 2015 and December 31, 2014 .

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	9 Months Ended
	Sep. 30, 2015
Accrued Liabilities and Other Liabilities [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	ACCRUED EXPENSES AND OTHER LIABILITIES September 30, 2015 December 31, 2014 Accrued Expenses Non-Current Liabilities Total Accrued Expenses Non-Current Liabilities Total (In thousands) Salaries and wages $ 101,036 — 101,036 $ 114,446 — 114,446 Deferred compensation 2,120 39,221 41,341 3,209 37,093 40,302 Pension benefits 3,644 440,800 444,444 3,739 444,657 448,396 Other postretirement benefits 2,084 25,440 27,524 2,112 26,889 29,001 Other employee benefits 9,059 9,360 18,419 7,172 19,276 26,448 Insurance obligations (1) 134,407 202,258 336,665 132,246 189,431 321,677 Environmental liabilities 3,836 7,177 11,013 3,877 8,002 11,879 Operating taxes 95,311 — 95,311 92,330 — 92,330 Income taxes 2,782 23,620 26,402 5,066 22,843 27,909 Interest 32,460 — 32,460 33,509 — 33,509 Deposits, mainly from customers 65,995 6,193 72,188 59,388 5,929 65,317 Deferred revenue 13,377 — 13,377 11,759 — 11,759 Acquisition holdbacks 2,134 — 2,134 3,817 2,187 6,004 Other 42,953 26,346 69,299 41,009 27,035 68,044 Total $ 511,198 780,415 1,291,613 $ 513,679 783,342 1,297,021 ———————————— (1) Insurance obligations are primarily comprised of self-insured claim liabilities.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Weighted-Average Interest Rate September 30, December 31, Maturities September 30, December 31, (In thousands) Short-term debt and current portion of long-term debt: Short-term debt —% 1.30% $ — 3,773 Current portion of long-term debt 305,759 32,511 Total short-term debt and current portion of long-term debt 305,759 36,284 Long-term debt: U.S. commercial paper (1) 0.44% 0.35% 2020 461,414 276,694 Global revolving credit facility 2.68% 1.60% 2020 43,553 11,190 Unsecured U.S. notes — Medium-term notes (1) 2.74% 3.29% 2016-2025 4,112,089 3,772,159 Unsecured U.S. obligations 1.51% 0.76% 2018 50,000 110,500 Unsecured foreign obligations 1.92% 2.01% 2015-2020 283,433 295,776 Asset-backed U.S. obligations (2) 1.81% 1.81% 2018-2022 448,331 218,137 Capital lease obligations 1.92% 1.73% 2015-2022 36,083 37,560 Total before fair market value adjustment 5,434,903 4,722,016 Fair market value adjustment on notes subject to hedging (3) 15,794 4,830 5,450,697 4,726,846 Current portion of long-term debt (305,759 ) (32,511 ) Long-term debt 5,144,938 4,694,335 Total debt $ 5,450,697 4,730,619 ———————————— (1) We had unamortized original issue discounts of $8.0 million and $7.9 million at September 30, 2015 and December 31, 2014 , respectively. (2) Asset-backed U.S. obligations of $448.3 million at September 30, 2015 and $218.1 million at December 31, 2014 are related to financing transactions involving revenue earning equipment. See Note (A), General, Revision of Prior Period Financial Information for further information related to our evaluation of accounting for these transactions. (3) The notional amount of executed interest rate swaps designated as fair value hedges was $825 million at September 30, 2015 and $600 million at December 31, 2014 . We maintain a $1.2 billion global revolving credit facility with a syndicate of twelve lending institutions led by Bank of America N.A., Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Mizuho Corporate Bank, Ltd., Royal Bank of Canada, Lloyds Bank Plc, U.S. Bank National Association and Wells Fargo Bank, N.A. The facility matures in January 2020. The agreement provides for annual facility fees which range from 7.5 basis points to 25 basis points based on Ryder's long-term credit ratings. The annual facility fee is currently 10 basis points , which applies to the total facility size of $1.2 billion . The credit facility is used primarily to finance working capital but can also be used to issue up to $75 million in letters of credit (there were no letters of credit outstanding against the facility at September 30, 2015 ). At our option, the interest rate on borrowings under the credit facility is based on LIBOR, prime, federal funds or local equivalent rates. The credit facility contains no provisions limiting its availability in the event of a material adverse change to Ryder’s business operations; however, the credit facility does contain standard representations and warranties, events of default, cross-default provisions and certain affirmative and negative covenants. In order to maintain availability of funding, we must maintain a ratio of debt to consolidated net worth of less than or equal to 300% . Net worth, as defined in the credit facility, represents shareholders' equity excluding any accumulated other comprehensive income or loss associated with our pension and other postretirement plans. The ratio at September 30, 2015 was 215% . At September 30, 2015 , there was $694.9 million available under the credit facility, net of outstanding commercial paper borrowings. Our global revolving credit facility enables us to refinance short-term obligations on a long-term basis. Settlement of short-term commercial paper obligations not expected to require the use of working capital are classified as long-term as we have both the intent and ability to refinance on a long-term basis. In addition, we have the intent and ability to refinance the current portion of long-term debt on a long-term basis. At September 30, 2015 , we classified $461.4 million of short-term commercial paper, $300.0 million of the current portion of long-term debt and $41 million of short-term borrowings under our global revolving credit facility as long-term debt. At December 31, 2014 , we classified $276.7 million of short-term commercial paper, $60.0 million of trade receivables borrowings and $698.5 million of the current portion of long-term debt as long-term debt. In September and April 2015, we received $92.9 million and $156.4 million , respectively, from financing transactions backed by a portion of our revenue earning equipment. The proceeds from these transactions were used to fund capital expenditures. We have provided end of term guarantees for the residual value of the revenue earning equipment in these transactions. The transaction proceeds, along with the end of term residual value guarantees, have been included within "asset-backed U.S. obligations" in the preceding table. In August 2015, we issued $300 million of unsecured medium-term notes maturing in September 2020. In May 2015, we issued $300 million of unsecured medium-term notes maturing in May 2020. In February 2015, we issued $400 million of unsecured medium-term notes maturing in March 2020. The proceeds from these notes were used to payoff maturing debt and for general corporate purposes. If these notes are downgraded below investment grade following, and as a result of, a change in control, the note holder can require us to repurchase all or a portion of the notes at a purchase price equal to 101% of principal plus accrued and unpaid interest. We have a trade receivables purchase and sale program, pursuant to which we sell certain of our domestic trade accounts receivable to a bankruptcy remote, consolidated subsidiary of Ryder, that in turn sells, on a revolving basis, an ownership interest in certain of these accounts receivable to a committed purchaser. The subsidiary is considered a VIE and is consolidated based on our control of the entity’s activities. We use this program to provide additional liquidity to fund our operations, particularly when it is cost effective to do so. The costs under the program may vary based on changes in interest rates. The available proceeds that may be received under the program are limited to $175 million . If no event occurs that causes early termination, the 364 -day program will expire during October 2015. We are currently in the process of renewing the program through October 2016. The program contains provisions restricting its availability in the event of a material adverse change to our business operations or the collectibility of the collateralized receivables. No amounts were outstanding under the program at September 30, 2015 . At December 31, 2014 , $60.0 million was outstanding under the program. Sales of receivables under this program are accounted for as secured borrowings based on our continuing involvement in the transferred assets. At September 30, 2015 and December 31, 2014 , we had letters of credit and surety bonds outstanding totaling $339.3 million and $334.3 million , respectively, which primarily guarantee the payment of insurance claims.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The assets and liabilities measured at fair value on a recurring basis consist primarily of interest rate swaps and investments held in Rabbi Trusts. These amounts as of September 30, 2015 are not material to our consolidated financial position and operations and have not changed significantly from the amounts reported as of December 31, 2014 . The following tables present our assets that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement: Fair Value Measurements at Total Losses (2) September 30, 2015 Three months ended September 30, 2015 Nine months ended September 30, 2015 (In thousands) Assets held for sale: Revenue earning equipment: (1) Trucks $ 7,701 $ 1,657 $ 4,400 Tractors 10,093 2,062 3,970 Trailers 1,195 610 1,582 Total assets at fair value $ 18,989 $ 4,329 9,952 Fair Value Measurements at Total Losses (2) September 30, 2014 Three months ended September 30, 2014 Nine months ended September 30, 2014 (In thousands) Assets held for sale: Revenue earning equipment: (1) Trucks $ 8,437 $ 1,527 $ 4,981 Tractors 4,666 530 2,824 Trailers 682 320 762 Total assets at fair value $ 13,785 $ 2,377 $ 8,567 ———————————— (1) Represents the portion of all revenue earning equipment held for sale that is recorded at fair value, less costs to sell. (2) Total losses represent fair value adjustments for all vehicles held for sale throughout the period for which fair value was less than carrying value. Revenue earning equipment held for sale is stated at the lower of carrying amount or fair value less costs to sell. Losses on vehicles held for sale for which carrying values exceeded fair value are recognized at the time they arrive at our used truck centers and are presented within “Other operating expenses” in the Consolidated Condensed Statements of Earnings. For revenue earning equipment held for sale, we stratify our fleet by vehicle type (trucks, tractors and trailers), weight class, age and other relevant characteristics and create classes of similar assets for analysis purposes. Fair value was determined based upon recent market prices obtained from our own sales experience for sales of each class of similar assets and vehicle condition. Therefore, our revenue earning equipment held for sale was classified within Level 3 of the fair value hierarchy. Fair value of total debt (excluding capital lease and asset-backed U.S. obligations) at September 30, 2015 and December 31, 2014 was approximately $5.35 billion and $4.59 billion , respectively. For publicly-traded debt, estimates of fair value were based on market prices. Since our publicly-traded debt is not actively traded, the fair value measurement was classified within Level 2 of the fair value hierarchy. For other debt, fair value was estimated based on a model-driven approach using rates currently available to us for debt with similar terms and remaining maturities. Therefore, the fair value measurement of our other debt was classified within Level 2 of the fair value hierarchy. The carrying amounts reported in the Consolidated Condensed Balance Sheets for “Cash and cash equivalents,” “Receivables, net” and “Accounts payable” approximate fair value because of the immediate or short-term maturities of these financial instruments.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES We have interest rate swaps outstanding, which are designated as fair value hedges whereby we receive fixed interest rate payments in exchange for making variable interest rate payments. The differential to be paid or received is accrued and recognized as interest expense. Fair value was based on a model-driven income approach using the LIBOR rate at each interest payment date, which was observable at commonly quoted intervals for the full term of the swaps. Therefore, our interest rate swaps were classified within Level 2 of the fair value hierarchy. The fair value amounts of the interest rate swaps are reported in the Consolidated Condensed Balance Sheets within "Prepaid expenses and other current assets," "Direct financing leases and other assets," and "Other non-current liabilities." As of September 30, 2015 , these amounts are not material to our consolidated financial position or results of operations and have not changed significantly from the amounts reported at December 31, 2014 . The following table provides a detail of the swaps outstanding and the related hedged items as of September 30, 2015 : Maturity date Face value of medium-term notes Aggregate notional Fixed interest rate Weighted-average variable interest rate on hedged debt as of September 30, Issuance date 2015 2014 (Dollars in thousands) May 2011 June 2017 $350,000 $150,000 3.50% 1.52% 1.42% November 2013 November 2018 $300,000 $100,000 2.45% 1.28% 1.18% February 2014 June 2019 $350,000 $100,000 2.55% 1.19% 1.10% May 2014 September 2019 $400,000 $100,000 2.45% 0.95% 0.86% February 2015 March 2020 $400,000 $150,000 2.65% 1.21% — August 2015 September 2020 $300,000 $225,000 2.88% 1.52% — The amount of gains (losses) on interest rate swap agreements designated as fair value hedges and related hedged items are reported in the Consolidated Condensed Statements of Earnings within "Interest expense." Changes in the fair value of our interest rate swaps are offset by changes in the fair value of the debt instrument. Accordingly, there is no ineffectiveness related to the interest rate swaps.

Share Repurchase Programs

Share Repurchase Programs	9 Months Ended
	Sep. 30, 2015
Share Repurchase Programs [Abstract]
SHARE REPURCHASE PROGRAMS	SHARE REPURCHASE PROGRAMS In December 2013, our Board of Directors authorized a share repurchase program intended to mitigate the dilutive impact of shares issued under our various employee stock, stock option and employee stock purchase plans (collectively, the employee stock plans). Under the December 2013 program, management is authorized to repurchase shares of common stock in an amount not to exceed the number of shares issued under the employee stock plans from December 1, 2013 through December 10, 2015. The December 2013 program limits aggregate share repurchases to no more than 2 million shares of Ryder common stock. Share repurchases of common stock are made periodically in open-market transactions and are subject to market conditions, legal requirements and other factors. Management established prearranged written plans for the Company under Rule 10b5-1 of the Securities Exchange Act of 1934 as part of the December 2013 program, which allow for share repurchases during Ryder’s quarterly blackout periods as set forth in the trading plan. Early in the first quarter of 2015, due to the increase in leverage, we temporarily paused anti-dilutive share repurchase activity. For the nine months ended September 30, 2015 and 2014 , we repurchased and retired 69,107 shares and 1,170,123 shares, respectively, under the program at an aggregate cost of $6.1 million and $92.3 million , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following summary sets forth the components of accumulated other comprehensive loss, net of tax: Currency Translation Adjustments and Other Net Actuarial Loss (1) Prior Service Credit (1) Accumulated Other Comprehensive Loss (In thousands) December 31, 2014 $ (36,087 ) (585,941 ) 1,758 (620,270 ) Amortization — 14,605 (1,066 ) 13,539 Other current period change (73,093 ) (5,321 ) — (78,414 ) September 30, 2015 $ (109,180 ) (576,657 ) 692 (685,145 ) Currency Translation Adjustments and Other Net Actuarial Loss (1) Prior Service Credit (1) Accumulated Other Comprehensive Loss (In thousands) December 31, 2013 $ 35,875 (477,883 ) 3,760 (438,248 ) Amortization — 11,183 (2,008 ) 9,175 Other current period change (35,198 ) (2,043 ) (109 ) (37,350 ) September 30, 2014 $ 677 (468,743 ) 1,643 (466,423 ) _______________________ (1) These amounts are included in the computation of net periodic benefit cost. See Note (L), "Employee Benefit Plans," for further information. The loss from currency translation adjustments in the nine months ended September 30, 2015 of $73.1 million was due primarily to the weakening of the Canadian Dollar and British Pound against the U.S. Dollar.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Components of net periodic benefit cost/(credit) were as follows: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Pension Benefits Company-administered plans: Service cost $ 3,612 3,297 $ 10,805 9,892 Interest cost 21,777 25,280 65,712 75,990 Expected return on plan assets (24,697 ) (28,900 ) (74,618 ) (86,916 ) Amortization of: Net actuarial loss 7,665 5,900 23,137 17,714 Prior service credit (80 ) (445 ) (230 ) (1,340 ) 8,277 5,132 24,806 15,340 Union-administered plans 1,772 3,475 6,057 7,744 Net periodic benefit cost $ 10,049 8,607 $ 30,863 23,084 Company-administered plans: U.S. $ 8,746 5,389 $ 26,237 16,190 Non-U.S. (469 ) (257 ) (1,431 ) (850 ) 8,277 5,132 24,806 15,340 Union-administered plans 1,772 3,475 6,057 7,744 $ 10,049 8,607 $ 30,863 23,084 Postretirement Benefits Company-administered plans: Service cost $ 88 112 $ 278 336 Interest cost 270 356 829 1,069 Amortization of: Net actuarial gain (235 ) (181 ) (709 ) (544 ) Prior service credit (477 ) (616 ) (1,433 ) (1,844 ) Net periodic benefit credit $ (354 ) (329 ) $ (1,035 ) (983 ) Company-administered plans: U.S. $ (469 ) (460 ) $ (1,415 ) (1,379 ) Non-U.S. 115 131 380 396 $ (354 ) (329 ) $ (1,035 ) (983 ) During the nine months ended September 30, 2015 , we contributed $29.9 million to our pension plans. In 2015 , we expect total contributions to our pension plans to be approximately $ 35 million .

Other Items Impacting Comparabi

Other Items Impacting Comparability	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
OTHER ITEMS IMPACTING COMPARABILITY	OTHER ITEMS IMPACTING COMPARABILITY Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Pension settlement adjustments $ (509 ) 1,262 $ (509 ) 1,262 Professional fees 63 — 3,843 — Acquisition transaction costs — 566 — 566 Restructuring and other charges, net and other items $ (446 ) 1,828 $ 3,334 1,828 During the three and nine months ended September 30, 2015, we incurred charges of $0.1 million and $3.8 million , respectively, related to professional fees associated with cost savings initiatives. During the three and nine months ended September 30, 2015, we recorded adjustments of $0.5 million to previously recorded estimated pension settlement charges related to the exit from U.S. multi-employer pension plans. These items are reflected within "Selling, general and administrative expenses" in our Consolidated Condensed Statements of Earnings. During the three and nine months ended September 30, 2014, we recorded estimated pension settlement charges of $1.3 million for the exit of certain U.S. multi-employer pension plans. During the three and nine months ended September 30, 2014, transaction costs related to the Bullwell acquisition were $0.6 million . These items were reflected within "Selling, general and administrative expenses" in our Consolidated Condensed Statements of Earnings.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information was as follows: Nine months ended September 30, 2015 2014 (In thousands) Interest paid $ 110,141 110,192 Income taxes paid 13,635 9,878 Changes in accounts payable related to purchases of revenue earning equipment 18,307 3,902 Operating and revenue earning equipment acquired under capital leases 5,956 3,788

Miscellaneous Income, Net

Miscellaneous Income, Net	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
MISCELLANEOUS INCOME, NET	MISCELLANEOUS INCOME, NET Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Gain on sales of operating property and equipment $ 1,516 135 $ 1,597 2,725 Gain/(loss) on foreign currency transactions 1,363 11 1,629 (376 ) Rabbi trust investment (loss)/income (1,504 ) (177 ) (318 ) 1,400 Insurance proceeds — — 314 756 Contract settlement — 64 56 2,972 Other, net (3 ) 963 1,759 3,729 Total $ 1,372 996 $ 5,037 11,206

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING Our operating segments are aggregated into reportable business segments based upon similar economic characteristics, products, services, customers and delivery methods. During the first quarter of 2015, our management structure changed within the supply chain business. We created the role of President of DTS for the dedicated product offering which previously was within SCS. We are now reporting our financial performance as follows: (1) FMS, which provides full service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the U.S., Canada and the U.K.; (2) DTS, which provides vehicles and drivers as part of a dedicated transportation solution in the U.S.; and (3) SCS, which provides comprehensive supply chain solutions including distribution and transportation services in North America and Asia. Dedicated transportion services provided as part of an integrated, multi-service, supply chain solution to SCS customers are reported in the SCS business segment. Our primary measurement of segment financial performance, defined as “Earnings Before Tax” (EBT) from continuing operations, includes an allocation of Central Support Services (CSS) and excludes non-operating pension costs, restructuring and other charges, net and other items discussed in Note (M), "Other Items Impacting Comparability." CSS represents those costs incurred to support all business segments, including human resources, finance, corporate services, public affairs, information technology, health and safety, legal, marketing and corporate communications. The objective of the EBT measurement is to provide clarity on the profitability of each business segment and, ultimately, to hold leadership of each business segment and each operating segment within each business segment accountable for their allocated share of CSS costs. Certain costs are considered to be overhead not attributable to any segment and remain unallocated in CSS. Included among the unallocated overhead remaining within CSS are the costs for investor relations, public affairs and certain executive compensation. Our FMS segment leases revenue earning equipment and provides fuel, maintenance and other ancillary services to the DTS and SCS segments. Inter-segment revenue and EBT are accounted for at rates similar to those executed with third parties. EBT related to inter-segment equipment and services billed to customers (equipment contribution) are included in both FMS and the business segment which served the customer and then eliminated (presented as “Eliminations”). The following tables set forth financial information for each of our business segments and provide a reconciliation between segment EBT and earnings from continuing operations before income taxes for the three and nine months ended September 30, 2015 and 2014 . Segment results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. FMS DTS SCS Eliminations Total (in thousands) For the three months ended September 30, 2015 Revenue from external customers $ 1,054,840 226,921 387,305 — 1,669,066 Inter-segment revenue 102,738 — — (102,738 ) — Total revenue $ 1,157,578 226,921 387,305 (102,738 ) 1,669,066 Segment EBT $ 126,433 13,296 26,573 (11,998 ) 154,304 Unallocated CSS (10,070 ) Non-operating pension costs (4,780 ) Restructuring and other charges, net and other items (1) 446 Earnings from continuing operations before income taxes $ 139,900 Segment capital expenditures paid (2) $ 740,049 1,175 4,195 — 745,419 Unallocated CSS 12,657 Capital expenditures paid $ 758,076 For the three months ended September 30, 2014 Revenue from external customers $ 1,069,333 227,568 390,249 — 1,687,150 Inter-segment revenue 117,589 — — (117,589 ) — Total revenue $ 1,186,922 227,568 390,249 (117,589 ) 1,687,150 Segment EBT $ 120,867 11,850 24,302 (9,564 ) 147,455 Unallocated CSS (13,564 ) Non-operating pension costs (2,455 ) Restructuring and other charges, net and other items (1) (1,828 ) Earnings from continuing operations before income taxes $ 129,608 Segment capital expenditures paid (2), (3) $ 470,552 432 7,052 — 478,036 Unallocated CSS 7,915 Capital expenditures paid $ 485,951 ———————————— (1) See Note (M), "Other Items Impacting Comparability," for additional information. (2) Excludes revenue earning equipment acquired under capital leases. (3) Excludes acquisition payments of $8.1 million during the three months ended September 30, 2014. FMS DTS SCS Eliminations Total (in thousands) For the nine months ended September 30, 2015 Revenue from external customers $ 3,080,756 663,094 1,155,300 — 4,899,150 Inter-segment revenue 313,321 — — (313,321 ) — Total revenue $ 3,394,077 663,094 1,155,300 (313,321 ) 4,899,150 Segment EBT $ 338,603 34,701 69,961 (35,120 ) 408,145 Unallocated CSS (32,936 ) Non-operating pension costs (14,351 ) Restructuring and other charges, net and other items (1) (3,334 ) Earnings from continuing operations before income taxes $ 357,524 Segment capital expenditures paid (2) $ 2,040,334 2,530 13,752 — 2,056,616 Unallocated CSS 30,678 Capital expenditures paid $ 2,087,294 For the nine months ended September 30, 2014 Revenue from external customers $ 3,139,721 677,544 1,165,193 — 4,982,458 Inter-segment revenue 363,510 — — (363,510 ) — Total revenue $ 3,503,231 677,544 1,165,193 (363,510 ) 4,982,458 Segment EBT $ 311,453 33,534 55,130 (29,715 ) 370,402 Unallocated CSS (36,518 ) Non-operating pension costs (7,313 ) Restructuring and other charges, net and other items (1) (1,828 ) Earnings from continuing operations before income taxes $ 324,743 Segment capital expenditures paid (2), (3) $ 1,661,929 1,090 14,515 — 1,677,534 Unallocated CSS 63,639 Capital expenditures paid $ 1,741,173 (1) See Note (M), "Other Items Impacting Comparability," for additional information. (2) Excludes revenue earning equipment acquired under capital leases. (3) Excludes acquisition payments of $9.8 million during the nine months ended September 30, 2014.

Other Matters

Other Matters	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
OTHER MATTERS	OTHER MATTERS We are a party to various claims, complaints and proceedings arising in the ordinary course of our continuing business operations including but not limited to 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. For matters from continuing operations where a reserve has not been established and for which we believe a loss is reasonably possible, as well as for matters where a reserve has been recorded but for which an exposure to loss in excess of the amount accrued is reasonably possible, we believe that such losses will not have a material effect on our consolidated financial statements. 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 reserves and estimates 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. Although we discontinued our South American operations in 2009, we continue to be party to various federal, state and local legal proceedings involving labor matters, tort claims and tax assessments. We have established loss provisions for any matters where we believe a loss is probable and can be reasonably estimated. Other than with respect to the matters discussed below, for matters where a reserve has not been established and for which we believe a loss is reasonably possible, as well as for matters where a reserve has been recorded but for which an exposure to loss in excess of the amount accrued is reasonably possible, we believe that such losses will not have a material effect on our consolidated financial statements. In Brazil, we were assessed $5 million in prior years for various federal income taxes and social contribution taxes for the 1997 and 1998 tax years. We successfully overturned these federal tax assessments in the lower courts; however, there is a reasonable possibility that these rulings could be reversed and we would be required to pay the assessments. We believe it is more likely than not that our position will ultimately be sustained if appealed and no amounts have been reserved for these matters. We are entitled to indemnification for a portion of any resulting liability on these federal tax claims which, if honored, would reduce the amount of any potential loss.

General (Tables)

General (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Schedule of error corrections and prior period adjustments	Adjustments may not be additive and may have minor differences within the tables due to rounding. The effects of this revision on our Consolidated Condensed Statements of Earnings were as follows (in millions): Three months ended September 30, 2014 Nine months ended September 30, 2014 As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Cost of lease and rental $ 522.9 (0.7 ) 522.2 $ 1,524.0 (1.6 ) 1,522.4 Interest expense 35.9 0.8 36.7 106.3 1.6 107.9 Earnings from continuing operations before income taxes 129.7 (0.1 ) 129.6 324.8 (0.1 ) 324.7 Provision for income taxes 45.8 (0.1 ) 45.7 116.0 — 116.0 Earnings from continuing operations 84.0 (0.1 ) 83.9 208.8 (0.1 ) 208.7 Net earnings 83.7 (0.1 ) 83.6 207.3 — 207.3 The effects of this revision on our Consolidated Condensed Statements of Comprehensive Income were as follows (in millions): Comprehensive Income As Previously Reported Adjustment As Revised Three months ended September 30, 2014 $ 39.8 (0.1 ) 39.7 Nine months ended September 30, 2014 179.1 — 179.1 The effects of this revision on our Consolidated Balance Sheets were as follows (in millions): December 31, 2014 As Previously Reported Adjustment As Revised Revenue earning equipment, net $ 6,994.4 207.4 7,201.9 Total assets 9,676.0 207.4 9,883.4 Short-term debt and current portion of long-term debt 12.2 24.1 36.3 Accrued expenses and other current liabilities 520.5 (6.8 ) 513.7 Total current liabilities 1,093.6 17.2 1,110.8 Long-term debt 4,500.3 194.0 4,694.3 Other non-current liabilities 786.7 (3.4 ) 783.3 Deferred income taxes 1,476.0 (0.2 ) 1,475.8 Total liabilities 7,856.5 207.8 8,064.3 Retained earnings 1,450.9 (0.4 ) 1,450.5 Total shareholders’ equity 1,819.5 (0.4 ) 1,819.1 Total liabilities and shareholders’ equity 9,676.0 207.4 9,883.4 The effects of this revision on the individual line items within our Consolidated Condensed Statements of Cash Flows were as follows (in millions): Nine months ended September 30, 2014 As Previously Reported Adjustment As Revised Net earnings $ 207.3 — 207.3 Depreciation expense 770.1 11.3 781.4 Accrued expenses and other non-current liabilities (41.5 ) (4.9 ) (46.4 ) Net cash provided by operating activities from continuing operations 974.7 6.3 981.0 Debt proceeds 769.9 125.8 895.7 Debt repaid (278.4 ) (6.4 ) (284.8 ) Net cash provided by financing activities from continuing operations 213.1 119.4 332.5 Sale and leaseback of revenue earning equipment 125.8 (125.8 ) — Net cash used in investing activities from continuing operations (1,171.5 ) (125.8 ) (1,297.3 )

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense and income tax benefits recognized during the periods	The following table provides information on share-based compensation expense and income tax benefits recognized during the periods: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Stock option and stock purchase plans $ 1,948 2,353 $ 6,205 6,831 Nonvested stock 2,995 3,104 9,907 8,615 Share-based compensation expense 4,943 5,457 16,112 15,446 Income tax benefit (1,652 ) (1,864 ) (5,395 ) (5,253 ) Share-based compensation expense, net of tax $ 3,291 3,593 $ 10,717 10,193
Summary of share-based compensation expense recognized related to cash awards	The following table is a summary of compensation expense recognized for market-based cash awards in addition to the share-based compensation expense reported in the previous table: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Cash awards $ 197 389 $ 661 1,655
Summary of the awards granted under the Plans	The following table is a summary of the awards granted under the Plans during the periods presented: Nine months ended September 30, 2015 2014 (In thousands) Stock options 362 406 Market-based restricted stock rights 19 22 Performance-based restricted stock rights 42 30 Time-vested restricted stock rights 87 184 Total 510 642

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per common share from continuing operations	The following table presents the calculation of basic and diluted earnings per common share from continuing operations: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands, except per share amounts) Earnings per share — Basic: Earnings from continuing operations $ 90,811 83,895 $ 230,054 208,742 Less: Distributed and undistributed earnings allocated to nonvested stock (266 ) (275 ) (654 ) (879 ) Earnings from continuing operations available to common shareholders — Basic $ 90,545 83,620 $ 229,400 207,863 Weighted average common shares outstanding — Basic 52,888 52,459 52,770 52,559 Earnings from continuing operations per common share — Basic $ 1.71 1.60 $ 4.35 3.96 Earnings per share — Diluted: Earnings from continuing operations $ 90,811 83,895 $ 230,054 208,742 Less: Distributed and undistributed earnings allocated to nonvested stock (265 ) (273 ) (649 ) (873 ) Earnings from continuing operations available to common shareholders — Diluted $ 90,546 83,622 $ 229,405 207,869 Weighted average common shares outstanding — Basic 52,888 52,459 52,770 52,559 Effect of dilutive equity awards 445 515 476 487 Weighted average common shares outstanding — Diluted 53,333 52,974 53,246 53,046 Earnings from continuing operations per common share — Diluted $ 1.70 1.58 $ 4.31 3.92 Anti-dilutive equity awards not included above 352 8 300 212

Revenue Earning Equipment (Tabl

Revenue Earning Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Revenue Earning Equipment [Abstract]
Summary of revenue earning equipment	September 30, 2015 December 31, 2014 Cost Accumulated Depreciation Net Book Value (1) Cost Accumulated Depreciation Net Book Value (1) (In thousands) Held for use: Full service lease $ 8,612,790 (2,699,055 ) 5,913,735 $ 8,008,122 (2,598,140 ) 5,409,982 Commercial rental 2,932,196 (924,004 ) 2,008,192 2,570,081 (864,543 ) 1,705,538 Held for sale 368,406 (253,623 ) 114,783 312,699 (226,333 ) 86,366 Total $ 11,913,392 (3,876,682 ) 8,036,710 $ 10,890,902 (3,689,016 ) 7,201,886 ———————————— (1) Revenue earning equipment, net includes vehicles acquired under capital leases of $47.5 million , less accumulated depreciation of $21.0 million , at September 30, 2015 , and $47.8 million , less accumulated depreciation of $22.5 million , at December 31, 2014 .

Accrued Expenses and Other Li30

Accrued Expenses and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	September 30, 2015 December 31, 2014 Accrued Expenses Non-Current Liabilities Total Accrued Expenses Non-Current Liabilities Total (In thousands) Salaries and wages $ 101,036 — 101,036 $ 114,446 — 114,446 Deferred compensation 2,120 39,221 41,341 3,209 37,093 40,302 Pension benefits 3,644 440,800 444,444 3,739 444,657 448,396 Other postretirement benefits 2,084 25,440 27,524 2,112 26,889 29,001 Other employee benefits 9,059 9,360 18,419 7,172 19,276 26,448 Insurance obligations (1) 134,407 202,258 336,665 132,246 189,431 321,677 Environmental liabilities 3,836 7,177 11,013 3,877 8,002 11,879 Operating taxes 95,311 — 95,311 92,330 — 92,330 Income taxes 2,782 23,620 26,402 5,066 22,843 27,909 Interest 32,460 — 32,460 33,509 — 33,509 Deposits, mainly from customers 65,995 6,193 72,188 59,388 5,929 65,317 Deferred revenue 13,377 — 13,377 11,759 — 11,759 Acquisition holdbacks 2,134 — 2,134 3,817 2,187 6,004 Other 42,953 26,346 69,299 41,009 27,035 68,044 Total $ 511,198 780,415 1,291,613 $ 513,679 783,342 1,297,021 ———————————— (1) Insurance obligations are primarily comprised of self-insured claim liabilities.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of debt	Weighted-Average Interest Rate September 30, December 31, Maturities September 30, December 31, (In thousands) Short-term debt and current portion of long-term debt: Short-term debt —% 1.30% $ — 3,773 Current portion of long-term debt 305,759 32,511 Total short-term debt and current portion of long-term debt 305,759 36,284 Long-term debt: U.S. commercial paper (1) 0.44% 0.35% 2020 461,414 276,694 Global revolving credit facility 2.68% 1.60% 2020 43,553 11,190 Unsecured U.S. notes — Medium-term notes (1) 2.74% 3.29% 2016-2025 4,112,089 3,772,159 Unsecured U.S. obligations 1.51% 0.76% 2018 50,000 110,500 Unsecured foreign obligations 1.92% 2.01% 2015-2020 283,433 295,776 Asset-backed U.S. obligations (2) 1.81% 1.81% 2018-2022 448,331 218,137 Capital lease obligations 1.92% 1.73% 2015-2022 36,083 37,560 Total before fair market value adjustment 5,434,903 4,722,016 Fair market value adjustment on notes subject to hedging (3) 15,794 4,830 5,450,697 4,726,846 Current portion of long-term debt (305,759 ) (32,511 ) Long-term debt 5,144,938 4,694,335 Total debt $ 5,450,697 4,730,619 ———————————— (1) We had unamortized original issue discounts of $8.0 million and $7.9 million at September 30, 2015 and December 31, 2014 , respectively. (2) Asset-backed U.S. obligations of $448.3 million at September 30, 2015 and $218.1 million at December 31, 2014 are related to financing transactions involving revenue earning equipment. See Note (A), General, Revision of Prior Period Financial Information for further information related to our evaluation of accounting for these transactions. (3) The notional amount of executed interest rate swaps designated as fair value hedges was $825 million at September 30, 2015 and $600 million at December 31, 2014 .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on nonrecurring basis	The following tables present our assets that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement: Fair Value Measurements at Total Losses (2) September 30, 2015 Three months ended September 30, 2015 Nine months ended September 30, 2015 (In thousands) Assets held for sale: Revenue earning equipment: (1) Trucks $ 7,701 $ 1,657 $ 4,400 Tractors 10,093 2,062 3,970 Trailers 1,195 610 1,582 Total assets at fair value $ 18,989 $ 4,329 9,952 Fair Value Measurements at Total Losses (2) September 30, 2014 Three months ended September 30, 2014 Nine months ended September 30, 2014 (In thousands) Assets held for sale: Revenue earning equipment: (1) Trucks $ 8,437 $ 1,527 $ 4,981 Tractors 4,666 530 2,824 Trailers 682 320 762 Total assets at fair value $ 13,785 $ 2,377 $ 8,567 ———————————— (1) Represents the portion of all revenue earning equipment held for sale that is recorded at fair value, less costs to sell. (2) Total losses represent fair value adjustments for all vehicles held for sale throughout the period for which fair value was less than carrying value.

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table provides a detail of the swaps outstanding and the related hedged items as of September 30, 2015 : Maturity date Face value of medium-term notes Aggregate notional Fixed interest rate Weighted-average variable interest rate on hedged debt as of September 30, Issuance date 2015 2014 (Dollars in thousands) May 2011 June 2017 $350,000 $150,000 3.50% 1.52% 1.42% November 2013 November 2018 $300,000 $100,000 2.45% 1.28% 1.18% February 2014 June 2019 $350,000 $100,000 2.55% 1.19% 1.10% May 2014 September 2019 $400,000 $100,000 2.45% 0.95% 0.86% February 2015 March 2020 $400,000 $150,000 2.65% 1.21% — August 2015 September 2020 $300,000 $225,000 2.88% 1.52% —

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Schedule of accumulated other comprehensive loss, net of tax	The following summary sets forth the components of accumulated other comprehensive loss, net of tax: Currency Translation Adjustments and Other Net Actuarial Loss (1) Prior Service Credit (1) Accumulated Other Comprehensive Loss (In thousands) December 31, 2014 $ (36,087 ) (585,941 ) 1,758 (620,270 ) Amortization — 14,605 (1,066 ) 13,539 Other current period change (73,093 ) (5,321 ) — (78,414 ) September 30, 2015 $ (109,180 ) (576,657 ) 692 (685,145 ) Currency Translation Adjustments and Other Net Actuarial Loss (1) Prior Service Credit (1) Accumulated Other Comprehensive Loss (In thousands) December 31, 2013 $ 35,875 (477,883 ) 3,760 (438,248 ) Amortization — 11,183 (2,008 ) 9,175 Other current period change (35,198 ) (2,043 ) (109 ) (37,350 ) September 30, 2014 $ 677 (468,743 ) 1,643 (466,423 ) _______________________ (1) These amounts are included in the computation of net periodic benefit cost. See Note (L), "Employee Benefit Plans," for further information.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of net periodic benefit cost	Components of net periodic benefit cost/(credit) were as follows: Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Pension Benefits Company-administered plans: Service cost $ 3,612 3,297 $ 10,805 9,892 Interest cost 21,777 25,280 65,712 75,990 Expected return on plan assets (24,697 ) (28,900 ) (74,618 ) (86,916 ) Amortization of: Net actuarial loss 7,665 5,900 23,137 17,714 Prior service credit (80 ) (445 ) (230 ) (1,340 ) 8,277 5,132 24,806 15,340 Union-administered plans 1,772 3,475 6,057 7,744 Net periodic benefit cost $ 10,049 8,607 $ 30,863 23,084 Company-administered plans: U.S. $ 8,746 5,389 $ 26,237 16,190 Non-U.S. (469 ) (257 ) (1,431 ) (850 ) 8,277 5,132 24,806 15,340 Union-administered plans 1,772 3,475 6,057 7,744 $ 10,049 8,607 $ 30,863 23,084 Postretirement Benefits Company-administered plans: Service cost $ 88 112 $ 278 336 Interest cost 270 356 829 1,069 Amortization of: Net actuarial gain (235 ) (181 ) (709 ) (544 ) Prior service credit (477 ) (616 ) (1,433 ) (1,844 ) Net periodic benefit credit $ (354 ) (329 ) $ (1,035 ) (983 ) Company-administered plans: U.S. $ (469 ) (460 ) $ (1,415 ) (1,379 ) Non-U.S. 115 131 380 396 $ (354 ) (329 ) $ (1,035 ) (983 )

Other Items Impacting Compara36

Other Items Impacting Comparability (Tables)	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
Restructuring and Related Costs	Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Pension settlement adjustments $ (509 ) 1,262 $ (509 ) 1,262 Professional fees 63 — 3,843 — Acquisition transaction costs — 566 — 566 Restructuring and other charges, net and other items $ (446 ) 1,828 $ 3,334 1,828

Supplemental Cash Flow Inform37

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental cash flow information	Supplemental cash flow information was as follows: Nine months ended September 30, 2015 2014 (In thousands) Interest paid $ 110,141 110,192 Income taxes paid 13,635 9,878 Changes in accounts payable related to purchases of revenue earning equipment 18,307 3,902 Operating and revenue earning equipment acquired under capital leases 5,956 3,788

Miscellaneous Income, Net (Tabl

Miscellaneous Income, Net (Tables)	9 Months Ended
	Sep. 30, 2015
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	Three months ended September 30, Nine months ended September 30, 2015 2014 2015 2014 (In thousands) Gain on sales of operating property and equipment $ 1,516 135 $ 1,597 2,725 Gain/(loss) on foreign currency transactions 1,363 11 1,629 (376 ) Rabbi trust investment (loss)/income (1,504 ) (177 ) (318 ) 1,400 Insurance proceeds — — 314 756 Contract settlement — 64 56 2,972 Other, net (3 ) 963 1,759 3,729 Total $ 1,372 996 $ 5,037 11,206

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Financial information of business segments	The following tables set forth financial information for each of our business segments and provide a reconciliation between segment EBT and earnings from continuing operations before income taxes for the three and nine months ended September 30, 2015 and 2014 . Segment results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. FMS DTS SCS Eliminations Total (in thousands) For the three months ended September 30, 2015 Revenue from external customers $ 1,054,840 226,921 387,305 — 1,669,066 Inter-segment revenue 102,738 — — (102,738 ) — Total revenue $ 1,157,578 226,921 387,305 (102,738 ) 1,669,066 Segment EBT $ 126,433 13,296 26,573 (11,998 ) 154,304 Unallocated CSS (10,070 ) Non-operating pension costs (4,780 ) Restructuring and other charges, net and other items (1) 446 Earnings from continuing operations before income taxes $ 139,900 Segment capital expenditures paid (2) $ 740,049 1,175 4,195 — 745,419 Unallocated CSS 12,657 Capital expenditures paid $ 758,076 For the three months ended September 30, 2014 Revenue from external customers $ 1,069,333 227,568 390,249 — 1,687,150 Inter-segment revenue 117,589 — — (117,589 ) — Total revenue $ 1,186,922 227,568 390,249 (117,589 ) 1,687,150 Segment EBT $ 120,867 11,850 24,302 (9,564 ) 147,455 Unallocated CSS (13,564 ) Non-operating pension costs (2,455 ) Restructuring and other charges, net and other items (1) (1,828 ) Earnings from continuing operations before income taxes $ 129,608 Segment capital expenditures paid (2), (3) $ 470,552 432 7,052 — 478,036 Unallocated CSS 7,915 Capital expenditures paid $ 485,951 ———————————— (1) See Note (M), "Other Items Impacting Comparability," for additional information. (2) Excludes revenue earning equipment acquired under capital leases. (3) Excludes acquisition payments of $8.1 million during the three months ended September 30, 2014. FMS DTS SCS Eliminations Total (in thousands) For the nine months ended September 30, 2015 Revenue from external customers $ 3,080,756 663,094 1,155,300 — 4,899,150 Inter-segment revenue 313,321 — — (313,321 ) — Total revenue $ 3,394,077 663,094 1,155,300 (313,321 ) 4,899,150 Segment EBT $ 338,603 34,701 69,961 (35,120 ) 408,145 Unallocated CSS (32,936 ) Non-operating pension costs (14,351 ) Restructuring and other charges, net and other items (1) (3,334 ) Earnings from continuing operations before income taxes $ 357,524 Segment capital expenditures paid (2) $ 2,040,334 2,530 13,752 — 2,056,616 Unallocated CSS 30,678 Capital expenditures paid $ 2,087,294 For the nine months ended September 30, 2014 Revenue from external customers $ 3,139,721 677,544 1,165,193 — 4,982,458 Inter-segment revenue 363,510 — — (363,510 ) — Total revenue $ 3,503,231 677,544 1,165,193 (363,510 ) 4,982,458 Segment EBT $ 311,453 33,534 55,130 (29,715 ) 370,402 Unallocated CSS (36,518 ) Non-operating pension costs (7,313 ) Restructuring and other charges, net and other items (1) (1,828 ) Earnings from continuing operations before income taxes $ 324,743 Segment capital expenditures paid (2), (3) $ 1,661,929 1,090 14,515 — 1,677,534 Unallocated CSS 63,639 Capital expenditures paid $ 1,741,173 (1) See Note (M), "Other Items Impacting Comparability," for additional information. (2) Excludes revenue earning equipment acquired under capital leases. (3) Excludes acquisition payments of $9.8 million during the nine months ended September 30, 2014.

General - Schedule of Error Cor

General - Schedule of Error Corrections and Prior Period Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Statement [Abstract]
Cost of lease and rental	$ 550,541	$ 522,202	$ 1,600,271	$ 1,522,394
Interest expense	38,986	36,681	114,863	107,948
Earnings from continuing operations before income taxes	139,900	129,608	357,524	324,743
Provision for income taxes	49,089	45,713	127,470	116,001
Earnings from continuing operations	90,811	83,895	230,054	208,742
Net earnings	90,619	83,617	228,567	207,262
Statement of Comprehensive Income [Abstract]
Comprehensive income (loss)	52,332	39,689	163,692	179,087
Statement of Financial Position [Abstract]
Revenue earning equipment, net	8,036,710		8,036,710		$ 7,201,886
Total assets	10,820,186		10,820,186		9,883,424
Short-term debt and current portion of long-term debt	305,759		305,759		36,284
Accrued expenses and other current liabilities	511,198		511,198		513,679
Total current liabilities	1,367,262		1,367,262		1,110,815
Long-term debt	5,144,938		5,144,938		4,694,335
Other non-current liabilities	780,415		780,415		783,342
Deferred income taxes	1,575,507		1,575,507		1,475,845
Total liabilities	8,868,122		8,868,122		8,064,337
Retained earnings	1,612,744		1,612,744		1,450,509
Total shareholders’ equity	1,952,064		1,952,064		1,819,087
Total liabilities and shareholders’ equity	10,820,186		10,820,186		9,883,424
Statement of Cash Flows [Abstract]
Net earnings	$ 90,619	83,617	228,567	207,262
Depreciation expense			838,100	781,367
Accrued expenses and other non-current liabilities			(3,385)	(46,357)
Net cash provided by operating activities from continuing operations			1,071,336	981,044
Debt proceeds			1,329,810	895,733
Debt repaid, including capital and financing lease obligations			(795,837)	(284,811)
Net cash provided by financing activities from continuing operations			664,783	332,501
Sale and leaseback of revenue earning equipment				0
Net cash used in investing activities from continuing operations			$ (1,707,378)	(1,297,281)
As Previously Reported [Member]
Income Statement [Abstract]
Cost of lease and rental		522,900		1,524,000
Interest expense		35,900		106,300
Earnings from continuing operations before income taxes		129,700		324,800
Provision for income taxes		45,800		116,000
Earnings from continuing operations		84,000		208,800
Net earnings		83,700		207,300
Statement of Comprehensive Income [Abstract]
Comprehensive income (loss)		39,800		179,100
Statement of Financial Position [Abstract]
Revenue earning equipment, net					6,994,400
Total assets					9,676,000
Short-term debt and current portion of long-term debt					12,200
Accrued expenses and other current liabilities					520,500
Total current liabilities					1,093,600
Long-term debt					4,500,300
Other non-current liabilities					786,700
Deferred income taxes					1,476,000
Total liabilities					7,856,500
Retained earnings					1,450,900
Total shareholders’ equity					1,819,500
Total liabilities and shareholders’ equity					9,676,000
Statement of Cash Flows [Abstract]
Net earnings		83,700		207,300
Depreciation expense				770,100
Accrued expenses and other non-current liabilities				(41,500)
Net cash provided by operating activities from continuing operations				974,700
Debt proceeds				769,900
Debt repaid, including capital and financing lease obligations				(278,400)
Net cash provided by financing activities from continuing operations				213,100
Sale and leaseback of revenue earning equipment				125,800
Net cash used in investing activities from continuing operations				(1,171,500)
Adjustment [Member]
Income Statement [Abstract]
Cost of lease and rental		(700)		(1,600)
Interest expense		800		1,600
Earnings from continuing operations before income taxes		(100)		(100)
Provision for income taxes		(100)		0
Earnings from continuing operations		(100)		(100)
Net earnings		(100)		0
Statement of Comprehensive Income [Abstract]
Comprehensive income (loss)		(100)		0
Statement of Financial Position [Abstract]
Revenue earning equipment, net					207,400
Total assets					207,400
Short-term debt and current portion of long-term debt					24,100
Accrued expenses and other current liabilities					(6,800)
Total current liabilities					17,200
Long-term debt					194,000
Other non-current liabilities					(3,400)
Deferred income taxes					(200)
Total liabilities					207,800
Retained earnings					(400)
Total shareholders’ equity					(400)
Total liabilities and shareholders’ equity					$ 207,400
Statement of Cash Flows [Abstract]
Net earnings		$ (100)		0
Depreciation expense				11,300
Accrued expenses and other non-current liabilities				(4,900)
Net cash provided by operating activities from continuing operations				6,300
Debt proceeds				125,800
Debt repaid, including capital and financing lease obligations				(6,400)
Net cash provided by financing activities from continuing operations				119,400
Sale and leaseback of revenue earning equipment				(125,800)
Net cash used in investing activities from continuing operations				$ (125,800)

Recent Accounting Pronounceme41

Recent Accounting Pronouncements (Details) $ in Millions	Sep. 30, 2015USD ($)
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	$ 20

Share-Based Compensation Plan42

Share-Based Compensation Plans - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 4,943	$ 5,457	$ 16,112	$ 15,446
Income tax benefit	(1,652)	(1,864)	(5,395)	(5,253)
Share-based compensation expense, net of tax	3,291	3,593	10,717	10,193
Cash awards	197	389	661	1,655
Stock Option and Stock Purchase Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,948	2,353	6,205	6,831
Nonvested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,995	$ 3,104	$ 9,907	$ 8,615

Share-Based Compensation Plan43

Share-Based Compensation Plans (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total unrecognized pre-tax compensation expense	$ 24.5
Weighted-average period to recognize pre-tax compensation expense (in years)	1 year 9 months 18 days

Share-Based Compensation Plan44

Share-Based Compensation Plans - Summary of Awards Granted (Details) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total awards granted during period	510	642
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, granted in period	362	406
Market-based restricted stock rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock rights, granted during period	19	22
Performance-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock rights, granted during period	42	30
Time-vested restricted stock rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock rights, granted during period	87	184

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings per share — Basic:
Earnings from continuing operations	$ 90,811	$ 83,895	$ 230,054	$ 208,742
Less: Distributed and undistributed earnings allocated to nonvested stock	(266)	(275)	(654)	(879)
Earnings from continuing operations available to common shareholders — Basic	$ 90,545	$ 83,620	$ 229,400	$ 207,863
Weighted average common shares outstanding - Basic (shares)	52,888	52,459	52,770	52,559
Earnings from continuing operations per common share — Basic	$ 1.71	$ 1.60	$ 4.35	$ 3.96	[1]
Earnings per share — Diluted:
Earnings from continuing operations	$ 90,811	$ 83,895	$ 230,054	$ 208,742
Less: Distributed and undistributed earnings allocated to nonvested stock	(265)	(273)	(649)	(873)
Earnings from continuing operations available to common shareholders — Diluted	$ 90,546	$ 83,622	$ 229,405	$ 207,869
Weighted average common shares outstanding - Basic (shares)	52,888	52,459	52,770	52,559
Effect of dilutive equity awards (shares)	445	515	476	487
Weighted average common shares outstanding — Diluted (shares)	53,333	52,974	53,246	53,046
Earnings from continuing operations per common share — Diluted	$ 1.70	$ 1.58	$ 4.31	$ 3.92	[1]
Anti-dilutive equity awards not included above (shares)	352	8	300	212
[1]	{F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmNjNjgzOTQ5M2RhNjQ3ZTJhYzNjNDlmOTI1OWUwZDk5fFRleHRTZWxlY3Rpb246MjJDOTFDRkY5NDUzQjVCMERGRTJDRDdCQjlEQzkyMjcM}

Revenue Earning Equipment - Sch

Revenue Earning Equipment - Schedule of Revenue Earning Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Revenue Earning Equipment [Line Items]
Cost	$ 11,913,392	$ 10,890,902
Accumulated Depreciation	(3,876,682)	(3,689,016)
Net Book Value	8,036,710	7,201,886
Held for use: Full service lease [Member]
Revenue Earning Equipment [Line Items]
Cost	8,612,790	8,008,122
Accumulated Depreciation	(2,699,055)	(2,598,140)
Net Book Value	5,913,735	5,409,982
Held for use: Commercial rental [Member]
Revenue Earning Equipment [Line Items]
Cost	2,932,196	2,570,081
Accumulated Depreciation	(924,004)	(864,543)
Net Book Value	2,008,192	1,705,538
Held-for-sale [Member]
Revenue Earning Equipment [Line Items]
Cost	368,406	312,699
Accumulated Depreciation	(253,623)	(226,333)
Net Book Value	114,783	86,366
Assets Held under Capital Leases [Member]
Revenue Earning Equipment [Line Items]
Cost	47,500	47,800
Accumulated Depreciation	$ (21,000)	$ (22,500)

Revenue Earning Equipment (Deta

Revenue Earning Equipment (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Revenue Earning Equipment [Line Items]
Effect of change in estimated residual values of revenue earning equipment on pre tax earnings	$ 10	$ 30
Net investment in direct financing and sales-type leases	442.6	442.6	$ 417
Allowance for credit losses	$ 0.3	$ 0.3	$ 0.3
Trucks [Member] | Minimum [Member]
Revenue Earning Equipment [Line Items]
Lease term		3 years
Trucks [Member] | Maximum [Member]
Revenue Earning Equipment [Line Items]
Lease term		7 years
Trailers [Member] | Maximum [Member]
Revenue Earning Equipment [Line Items]
Lease term		10 years

Accrued Expenses and Other Li48

Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accrued Expenses
Salaries and wages	$ 101,036	$ 114,446
Deferred compensation	2,120	3,209
Pension benefits	3,644	3,739
Other postretirement benefits	2,084	2,112
Other employee benefits	9,059	7,172
Insurance obligations	134,407	132,246
Environmental liabilities	3,836	3,877
Operating taxes	95,311	92,330
Income taxes	2,782	5,066
Interest	32,460	33,509
Deposits, mainly from customers	65,995	59,388
Deferred revenue	13,377	11,759
Acquisition holdbacks	2,134	3,817
Other	42,953	41,009
Total	511,198	513,679
Non-Current Liabilities
Salaries and wages	0	0
Deferred compensation	39,221	37,093
Pension benefits	440,800	444,657
Other postretirement benefits	25,440	26,889
Other employee benefits	9,360	19,276
Insurance obligations	202,258	189,431
Environmental liabilities	7,177	8,002
Operating taxes	0	0
Income taxes	23,620	22,843
Interest	0	0
Deposits, mainly from customers	6,193	5,929
Deferred revenue	0	0
Acquisition holdbacks	0	2,187
Other	26,346	27,035
Total	780,415	783,342
Total
Salaries and wages	101,036	114,446
Deferred compensation	41,341	40,302
Pension benefits	444,444	448,396
Other postretirement benefits	27,524	29,001
Other employee benefits	18,419	26,448
Insurance obligations	336,665	321,677
Environmental liabilities	11,013	11,879
Operating taxes	95,311	92,330
Income taxes	26,402	27,909
Interest	32,460	33,509
Deposits, mainly from customers	72,188	65,317
Deferred revenue	13,377	11,759
Acquisition holdbacks	2,134	6,004
Other	69,299	68,044
Total	$ 1,291,613	$ 1,297,021

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Short-term debt and current portion of long-term debt:
Short-term debt, weighted-average interest rate	0.00%	1.30%
Short-term debt	$ 0	$ 3,773,000
Current portion of long-term debt	305,759,000	32,511,000
Total short-term debt and current portion of long-term debt	305,759,000	36,284,000
Long-term debt:
Total before fair market value adjustment	5,434,903,000	4,722,016,000
Fair market value adjustment on notes subject to hedging	15,794,000	4,830,000
Total after fair market value adjustment	5,450,697,000	4,726,846,000
Current portion of long-term debt	(305,759,000)	(32,511,000)
Long-term debt	5,144,938,000	4,694,335,000
Total debt	5,450,697,000	4,730,619,000
Unamortized original issue discounts	8,000,000	7,900,000
Aggregate notional amount of interest rate swaps	$ 825,000,000	$ 600,000,000
U.S commercial paper [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	0.44%	0.35%
U.S. commercial paper	$ 461,414,000	$ 276,694,000
Global revolving credit facility [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	2.68%	1.60%
Global revolving credit facility	$ 43,553,000	$ 11,190,000
Unsecured U.S. notes - Medium-term notes [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	2.74%	3.29%
Unsecured U.S. notes - Medium-term notes	$ 4,112,089,000	$ 3,772,159,000
Unsecured U.S. obligations [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	1.51%	0.76%
Unsecured U.S. obligations	$ 50,000,000	$ 110,500,000
Unsecured foreign obligations [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	1.92%	2.01%
Unsecured foreign obligations	$ 283,433,000	$ 295,776,000
Asset-backed U.S. obligations [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	1.81%	1.81%
Unsecured foreign obligations	$ 448,331,000	$ 218,137,000
Capital lease obligations [Member]
Long-term debt:
Long-term debt, weighted-average interest rate	1.92%	1.73%
Capital lease obligations	$ 36,083,000	$ 37,560,000

Debt (Details Textual)

Debt (Details Textual)	9 Months Ended
	Sep. 30, 2015USD ($)Institutions	Aug. 31, 2015USD ($)	May. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Feb. 28, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Aggregate notional amount of interest rate swaps	$ 825,000,000					$ 600,000,000
Number of lending institutions | Institutions	12
Maximum borrowing capacity	$ 1,200,000,000
Annual facility fees, percentage	0.10%
Ratio of debt to consolidated net worth	3
Debt to consolidated tangible net worth ratio	215.00%
Line of credit remaining capacity	$ 694,900,000
Current maturities classified as long-term debt	300,000,000					698,500,000
Trade receivables borrowings	0					60,000,000
Cash proceeds on financing transaction backed by a portion of revenue earning equipment	92,900,000			$ 156,400,000
Total available proceeds under trade receivables purchase and sale program	$ 175,000,000
Number of days under trade receivables purchase and sale program	364 days
Letters of credit and surety bonds outstanding	$ 339,300,000					334,300,000
Asset-backed U.S. obligations [Member]
Debt Instrument [Line Items]
Unsecured Long Term Debt Current And Noncurrent	448,331,000					218,137,000
U.S commercial paper [Member]
Debt Instrument [Line Items]
Commercial paper classified as long term debt	461,414,000					$ 276,694,000
Global Revolving Credit Facility Member
Debt Instrument [Line Items]
Current maturities classified as long-term debt	$ 41,000,000
Unsecured Medium Term Notes Due September 2020 [Member] [Member]
Debt Instrument [Line Items]
Face amount of unsecured medium-term notes issued		$ 300,000,000
Unsecured Medium Term Notes Due May 2020 [Member]
Debt Instrument [Line Items]
Face amount of unsecured medium-term notes issued			$ 300,000,000
Debt repurchase price, percentage	101.00%
Unsecured Medium Term Notes Due March 2020 [Member]
Debt Instrument [Line Items]
Face amount of unsecured medium-term notes issued					$ 400,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 75,000,000
Letter of credit outstanding amount	$ 0
Minimum [Member]
Debt Instrument [Line Items]
Annual facility fees, percentage	0.075%
Maximum [Member]
Debt Instrument [Line Items]
Annual facility fees, percentage	0.25%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	$ 4,329	$ 2,377	$ 9,952	$ 8,567
Revenue earning equipment, Trucks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	1,657	1,527	4,400	4,981
Revenue earning equipment, Tractors [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	2,062	530	3,970	2,824
Revenue earning equipment, Trailers [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	610	320	1,582	762
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale at fair value	18,989	13,785	18,989	13,785
Fair Value, Inputs, Level 3 [Member] | Revenue earning equipment, Trucks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale at fair value	7,701	8,437	7,701	8,437
Fair Value, Inputs, Level 3 [Member] | Revenue earning equipment, Tractors [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale at fair value	10,093	4,666	10,093	4,666
Fair Value, Inputs, Level 3 [Member] | Revenue earning equipment, Trailers [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale at fair value	$ 1,195	$ 682	$ 1,195	$ 682

Fair Value Measurements (Deta52

Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of total debt	$ 5,350	$ 4,590

Derivatives (Details)

Derivatives (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Debt Instrument [Line Items]
Aggregate notional amount of interest rate swaps	$ 825,000,000	$ 600,000,000
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate swaps maturing June 2017 [Member]
Debt Instrument [Line Items]
Issuance date	May 24, 2011
Maturity date	Jun. 1, 2017
Face value of medium-term notes	$ 350,000,000
Aggregate notional amount of interest rate swaps	$ 150,000,000
Fixed interest rate	3.50%
Weighted-average variable interest rate on hedged debt	1.52%		1.42%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate swaps maturing November 2018 [Member]
Debt Instrument [Line Items]
Issuance date	Nov. 12, 2013
Maturity date	Nov. 15, 2018
Face value of medium-term notes	$ 300,000,000
Aggregate notional amount of interest rate swaps	$ 100,000,000
Fixed interest rate	2.45%
Weighted-average variable interest rate on hedged debt	1.28%		1.18%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate swaps maturing June 2019 [Member]
Debt Instrument [Line Items]
Issuance date	Feb. 25, 2014
Maturity date	Jun. 1, 2019
Face value of medium-term notes	$ 350,000,000
Aggregate notional amount of interest rate swaps	$ 100,000,000
Fixed interest rate	2.55%
Weighted-average variable interest rate on hedged debt	1.19%		1.10%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate swaps maturing September 2019 [Member]
Debt Instrument [Line Items]
Issuance date	May 6, 2014
Maturity date	Sep. 3, 2019
Face value of medium-term notes	$ 400,000,000
Aggregate notional amount of interest rate swaps	$ 100,000,000
Fixed interest rate	2.45%
Weighted-average variable interest rate on hedged debt	0.95%		0.86%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest rate swaps maturing March 2020 [Member]
Debt Instrument [Line Items]
Issuance date	Feb. 24, 2015
Maturity date	Mar. 2, 2020
Face value of medium-term notes	$ 400,000,000
Aggregate notional amount of interest rate swaps	$ 150,000,000
Fixed interest rate	2.65%
Weighted-average variable interest rate on hedged debt	1.21%		0.00%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swaps Maturing September 2020 [Member]
Debt Instrument [Line Items]
Issuance date	Aug. 24, 2015
Maturity date	Sep. 1, 2020
Face value of medium-term notes	$ 300,000,000
Aggregate notional amount of interest rate swaps	$ 225,000,000
Fixed interest rate	2.875%
Weighted-average variable interest rate on hedged debt	1.52%		0.00%

Share Repurchase Programs (Deta

Share Repurchase Programs (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accelerated Share Repurchases [Line Items]
Common stock repurchases	$ 6,141
December 2013 Anti-Dilutive Share Repurchase Program [Member]
Accelerated Share Repurchases [Line Items]
Common stock repurchases	$ 6,100	$ 92,300
Common Stock [Member]
Accelerated Share Repurchases [Line Items]
Repurchased and retired shares	69,107
Common stock repurchases	$ 35
Common Stock [Member] | December 2013 Anti-Dilutive Share Repurchase Program [Member]
Accelerated Share Repurchases [Line Items]
Maximum number of share repurchases authorization (no more than 2 million)	2,000,000
Repurchased and retired shares	69,107	1,170,123

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning of period	$ (620,270)	$ (438,248)
Amortization	13,539	9,175
Other current period change: Currency translation adjustments and other	(78,414)	(37,350)
Accumulated other comprehensive loss, end of period	(685,145)	(466,423)
Currency Translation Adjustments and Other [Member]
Accumulated Other Comprehensive (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning of period	(36,087)	35,875
Amortization	0	0
Other current period change: Currency translation adjustments and other	(73,093)	(35,198)
Accumulated other comprehensive loss, end of period	(109,180)	677
Net Actuarial Loss [Member]
Accumulated Other Comprehensive (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning of period	(585,941)	(477,883)
Amortization	14,605	11,183
Other current period change: Net actuarial loss and prior service credit	(5,321)	(2,043)
Accumulated other comprehensive loss, end of period	(576,657)	(468,743)
Prior Service Credit [Member]
Accumulated Other Comprehensive (Loss) [Roll Forward]
Accumulated other comprehensive loss, beginning of period	1,758	3,760
Amortization	(1,066)	(2,008)
Other current period change: Net actuarial loss and prior service credit	0	(109)
Accumulated other comprehensive loss, end of period	$ 692	$ 1,643

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amortization of:
Contribution to pension plans			$ 29,900
Estimated total contributions			35,000
Pension Benefits [Member]
Amortization of:
Net periodic benefit cost (credit)	$ 10,049	$ 8,607	30,863	$ 23,084
Company Administered Plan [Member] | Pension Benefits [Member]
Components of net periodic benefit cost
Service cost	3,612	3,297	10,805	9,892
Interest cost	21,777	25,280	65,712	75,990
Expected return on plan assets	(24,697)	(28,900)	(74,618)	(86,916)
Amortization of:
Net actuarial loss (gain)	7,665	5,900	23,137	17,714
Prior service credit	(80)	(445)	(230)	(1,340)
Net periodic benefit cost (credit)	8,277	5,132	24,806	15,340
Company Administered Plan [Member] | Pension Benefits U.S. [Member]
Amortization of:
Net periodic benefit cost (credit)	8,746	5,389	26,237	16,190
Company Administered Plan [Member] | Pension Benefits Non-U.S. [Member]
Amortization of:
Net periodic benefit cost (credit)	(469)	(257)	(1,431)	(850)
Company Administered Plan [Member] | Postretirement Benefits [Member]
Components of net periodic benefit cost
Service cost	88	112	278	336
Interest cost	270	356	829	1,069
Amortization of:
Net actuarial loss (gain)	(235)	(181)	(709)	(544)
Prior service credit	(477)	(616)	(1,433)	(1,844)
Net periodic benefit cost (credit)	(354)	(329)	(1,035)	(983)
Company Administered Plan [Member] | Postretirement Benefits U.S [Member]
Amortization of:
Net periodic benefit cost (credit)	(469)	(460)	(1,415)	(1,379)
Company Administered Plan [Member] | Postretirement Benefits Non-U.S [Member]
Amortization of:
Net periodic benefit cost (credit)	115	131	380	396
Union Administered Plan [Member] | Pension Benefits [Member]
Amortization of:
Net periodic benefit cost (credit)	$ 1,772	$ 3,475	$ 6,057	$ 7,744

Other Items Impacting Compara57

Other Items Impacting Comparability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Income and Expenses [Abstract]
Pension settlement adjustments	$ (509)	$ 1,262	$ (509)	$ 1,262
Professional fees	63	0	3,843	0
Acquisition transaction costs	0	566	0	566
Restructuring and other charges, net and other items	$ (446)	$ 1,828	$ 3,334	$ 1,828

Supplemental Cash Flow Inform58

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental cash flow information
Interest paid	$ 110,141	$ 110,192
Income taxes paid	13,635	9,878
Changes in accounts payable related to purchases of revenue earning equipment	18,307	3,902
Operating and revenue earning equipment acquired under capital leases	$ 5,956	$ 3,788

Miscellaneous Income, Net (Deta

Miscellaneous Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Income and Expenses [Abstract]
Gain on sales of operating property and equipment	$ 1,516	$ 135	$ 1,597	$ 2,725
Gain/(loss) on foreign currency transactions	1,363	11	1,629	(376)
Rabbi trust investment (loss)/income	(1,504)	(177)	(318)	1,400
Insurance proceeds	0	0	314	756
Contract settlement	0	64	56	2,972
Other, net	(3)	963	1,759	3,729
Total	$ 1,372	$ 996	$ 5,037	$ 11,206

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total revenue	$ 1,669,066	$ 1,687,150	$ 4,899,150	$ 4,982,458
Segment EBT	154,304	147,455	408,145	370,402
Unallocated CSS	(10,070)	(13,564)	(32,936)	(36,518)
Non-operating pension costs	(4,780)	(2,455)	(14,351)	(7,313)
Restructuring and other recoveries, net and other items	446	(1,828)	(3,334)	(1,828)
Earnings from continuing operations before income taxes	139,900	129,608	357,524	324,743
Segment capital expenditures paid	745,419	478,036	2,056,616	1,677,534
Unallocated CSS	12,657	7,915	30,678	63,639
Capital expenditures paid	758,076	485,951	2,087,294	1,741,173
Acquisition payments			0	9,785
Fleet Management Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	1,157,578	1,186,922	3,394,077	3,503,231
Dedicated Transportation Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	226,921	227,568	663,094	677,544
Supply Chain Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	387,305	390,249	1,155,300	1,165,193
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total revenue	(102,738)	(117,589)	(313,321)	(363,510)
Segment EBT	(11,998)	(9,564)	(35,120)	(29,715)
Segment capital expenditures paid	0	0	0	0
Intersegment Eliminations [Member] | Fleet Management Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	102,738	117,589	313,321	363,510
Intersegment Eliminations [Member] | Dedicated Transportation Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Intersegment Eliminations [Member] | Supply Chain Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	0	0	0	0
Operating Segments [Member] | Fleet Management Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	1,054,840	1,069,333	3,080,756	3,139,721
Segment EBT	126,433	120,867	338,603	311,453
Segment capital expenditures paid	740,049	470,552	2,040,334	1,661,929
Operating Segments [Member] | Dedicated Transportation Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	226,921	227,568	663,094	677,544
Segment EBT	13,296	11,850	34,701	33,534
Segment capital expenditures paid	1,175	432	2,530	1,090
Operating Segments [Member] | Supply Chain Solutions [Member]
Segment Reporting Information [Line Items]
Total revenue	387,305	390,249	1,155,300	1,165,193
Segment EBT	26,573	24,302	69,961	55,130
Segment capital expenditures paid	$ 4,195	$ 7,052	$ 13,752	$ 14,515

Other Matters (Details)

Other Matters (Details) $ in Millions	Sep. 30, 2015USD ($)
Tax Year 1997 and 1998 [Member] | Brazil state operating tax [Member]
Loss Contingencies [Line Items]
Tax amounts assessed but not reserved	$ 5