The document discusses the components and operation of an anti-lock braking system (ABS). It describes the key components of ABS including speed sensors that monitor wheel rotation, valves that control hydraulic brake pressure, a pump to supply pressure, and a controller that monitors sensor data and actuates the valves. It explains that the controller detects wheels that are slowing too quickly, indicating a risk of lockup, and uses the valves to reduce brake pressure to that wheel to maintain traction. Modern ABS and stability control systems apply this principle across all four wheels using individual wheel sensors and controls.