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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities from continuing operations:    
Net earnings $ 147,588 $ 214,296
Less: Loss from discontinued operations, net of tax (947) (1,069)
Earnings from continuing operations 148,535 215,365
Depreciation expense 932,772 878,173
Used vehicle sales, net 11,815 (33,002)
Amortization expense and other non-cash charges, net 27,933 20,196
Non-operating pension costs and share-based compensation expense 35,509 43,568
Deferred income tax expense 75,279 109,191
Changes in operating assets and liabilities:    
Receivables (145,090) (69,169)
Inventories (985) (3,524)
Prepaid expenses and other assets 255 (24,241)
Accounts payable 40,734 68,599
Accrued expenses and other non-current liabilities 39,434 (20,094)
Net cash provided by operating activities from continuing operations 1,166,191 1,185,062
Cash flows from financing activities:    
Net change in commercial paper borrowings and revolving credit facilities 2,153 73,597
Debt proceeds 873,302 298,254
Debt repaid (938,160) (340,707)
Dividends on common stock (71,564) (67,651)
Common stock issued 10,387 9,626
Common stock repurchased (65,856) (25,658)
Debt issuance costs (1,517) (3,015)
Net cash used in financing activities (191,255) (55,554)
Cash flows from investing activities:    
Purchases of property and revenue earning equipment (1,312,845) (1,511,359)
Sales of revenue earning equipment 289,432 331,720
Sales of operating property and equipment 12,541 6,623
Acquisitions (7,240) 0
Collections on direct finance leases and other items 54,227 60,229
Changes in restricted cash 1,694 4,203
Net cash used in investing activities (962,191) (1,108,584)
Effect of exchange rate changes on cash (5,226) (5,567)
Increase in cash and cash equivalents from continuing operations 7,519 15,357
Decrease in cash and cash equivalents from discontinued operations (1,064) (1,308)
Increase in cash and cash equivalents 6,455 14,049
Cash and cash equivalents at January 1 58,801 60,945
Cash and cash equivalents at September 30 $ 65,256 $ 74,994