| Segment Reporting Information by Segment |
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Three Months Ended June 30, 2025 |
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Truck |
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Parts |
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Other |
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Truck, Parts and Other |
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Financial Services |
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Total |
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Net sales and revenues |
$ |
5,340.9 |
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|
$ |
1,739.1 |
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|
$ |
(1.2 |
) |
|
$ |
7,078.8 |
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$ |
547.7 |
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$ |
7,626.5 |
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Less intersegment |
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(97.8 |
) |
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(18.2 |
) |
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(116.0 |
) |
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(116.0 |
) |
External Customers |
$ |
5,243.1 |
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$ |
1,720.9 |
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$ |
(1.2 |
) |
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$ |
6,962.8 |
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$ |
547.7 |
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$ |
7,510.5 |
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Cost of sales and revenues |
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4,787.8 |
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1,204.7 |
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2.9 |
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5,995.4 |
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5,995.4 |
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Research and development |
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81.9 |
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31.0 |
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112.9 |
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112.9 |
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Selling, general and administrative |
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54.7 |
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64.6 |
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19.9 |
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139.2 |
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40.1 |
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|
179.3 |
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Interest and other borrowing expenses |
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|
200.3 |
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|
200.3 |
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Depreciation and other expenses |
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|
154.9 |
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|
154.9 |
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Provision for losses on receivables |
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29.2 |
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29.2 |
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Other segment expenses (income) |
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9.9 |
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4.1 |
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(23.5 |
) |
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(9.5 |
) |
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(9.5 |
) |
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$ |
308.8 |
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$ |
416.5 |
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$ |
(.5 |
) |
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$ |
724.8 |
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$ |
123.2 |
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$ |
848.0 |
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Investment income |
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83.9 |
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Income (loss) before income taxes |
$ |
308.8 |
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$ |
416.5 |
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$ |
(.5 |
) |
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$ |
724.8 |
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$ |
123.2 |
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$ |
931.9 |
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Depreciation and amortization |
$ |
93.1 |
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$ |
2.9 |
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$ |
6.4 |
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$ |
102.4 |
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$ |
104.9 |
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$ |
207.3 |
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Expenditures for long-lived assets |
$ |
213.4 |
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$ |
3.1 |
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$ |
5.3 |
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$ |
221.8 |
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$ |
166.1 |
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$ |
387.9 |
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Six Months Ended June 30, 2025 |
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Truck |
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Parts |
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Other |
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Truck, Parts and Other |
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Financial Services |
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Total |
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Net sales and revenues |
$ |
10,731.7 |
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$ |
3,447.8 |
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$ |
(3.2 |
) |
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$ |
14,176.3 |
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$ |
1,075.7 |
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$ |
15,252.0 |
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Less intersegment |
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(262.8 |
) |
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(37.0 |
) |
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(299.8 |
) |
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(299.8 |
) |
External Customers |
$ |
10,468.9 |
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$ |
3,410.8 |
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$ |
(3.2 |
) |
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$ |
13,876.5 |
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$ |
1,075.7 |
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$ |
14,952.2 |
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Cost of sales and revenues |
|
9,504.3 |
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2,376.2 |
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5.9 |
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|
11,886.4 |
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|
11,886.4 |
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Research and development |
|
167.3 |
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|
61.0 |
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|
228.3 |
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|
228.3 |
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Selling, general and administrative |
|
112.0 |
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|
125.5 |
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|
45.0 |
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|
282.5 |
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|
78.4 |
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|
360.9 |
|
Interest and other borrowing expenses |
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|
390.9 |
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|
390.9 |
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Depreciation and other expenses |
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|
314.6 |
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|
314.6 |
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Provision for losses on receivables |
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|
47.5 |
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|
47.5 |
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Other segment expenses* |
|
11.6 |
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5.1 |
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|
299.6 |
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|
316.3 |
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|
316.3 |
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$ |
673.7 |
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$ |
843.0 |
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$ |
(353.7 |
) |
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$ |
1,163.0 |
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$ |
244.3 |
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$ |
1,407.3 |
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Investment income |
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|
167.7 |
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Income (loss) before income taxes |
$ |
673.7 |
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$ |
843.0 |
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$ |
(353.7 |
) |
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$ |
1,163.0 |
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$ |
244.3 |
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$ |
1,575.0 |
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Depreciation and amortization |
$ |
184.0 |
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$ |
7.2 |
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$ |
12.5 |
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$ |
203.7 |
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$ |
208.7 |
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$ |
412.4 |
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Expenditures for long-lived assets |
$ |
375.5 |
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$ |
6.4 |
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$ |
20.0 |
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$ |
401.9 |
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$ |
318.6 |
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$ |
720.5 |
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* In the first quarter of 2025, Other includes a $350.0 million charge related to civil litigation in Europe (EC-related claims) which is discussed in Note M.
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Three Months Ended June 30, 2024 |
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|
Truck |
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Parts |
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Other |
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|
Truck, Parts and Other |
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|
Financial Services |
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Total |
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Net sales and revenues |
$ |
6,674.3 |
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$ |
1,685.1 |
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$ |
20.2 |
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$ |
8,379.6 |
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$ |
509.8 |
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$ |
8,889.4 |
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Less intersegment |
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(96.5 |
) |
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(20.8 |
) |
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(117.3 |
) |
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(117.3 |
) |
External Customers |
$ |
6,577.8 |
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$ |
1,664.3 |
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$ |
20.2 |
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$ |
8,262.3 |
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$ |
509.8 |
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$ |
8,772.1 |
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Cost of sales and revenues |
|
5,589.4 |
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|
1,160.6 |
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|
22.3 |
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|
6,772.3 |
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|
6,772.3 |
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Research and development |
|
89.8 |
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|
27.1 |
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|
.2 |
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|
117.1 |
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|
117.1 |
|
Selling, general and administrative |
|
59.7 |
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|
62.6 |
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|
20.4 |
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|
142.7 |
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|
40.8 |
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|
183.5 |
|
Interest and other borrowing expenses |
|
|
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|
172.5 |
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|
172.5 |
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Depreciation and other expenses |
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|
173.6 |
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|
173.6 |
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Provision for losses on receivables |
|
|
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|
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|
|
|
|
|
|
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|
11.7 |
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|
11.7 |
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Other segment expenses (income) |
|
1.6 |
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|
.2 |
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(25.4 |
) |
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|
(23.6 |
) |
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(23.6 |
) |
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$ |
837.3 |
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$ |
413.8 |
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$ |
2.7 |
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$ |
1,253.8 |
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$ |
111.2 |
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$ |
1,365.0 |
|
Investment income |
|
|
|
|
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|
95.8 |
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Income before income taxes |
$ |
837.3 |
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$ |
413.8 |
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$ |
2.7 |
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$ |
1,253.8 |
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$ |
111.2 |
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$ |
1,460.8 |
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Depreciation and amortization |
$ |
93.4 |
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|
$ |
4.9 |
|
|
$ |
6.5 |
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$ |
104.8 |
|
|
$ |
127.1 |
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$ |
231.9 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures for long-lived assets |
$ |
201.6 |
|
|
$ |
16.5 |
|
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$ |
12.4 |
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|
$ |
230.5 |
|
|
$ |
281.7 |
|
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$ |
512.2 |
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|
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|
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|
Six Months Ended June 30, 2024 |
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|
Truck |
|
|
Parts |
|
|
Other |
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|
Truck, Parts and Other |
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|
Financial Services |
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Total |
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Net sales and revenues |
$ |
13,353.2 |
|
|
$ |
3,380.4 |
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|
$ |
38.3 |
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$ |
16,771.9 |
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$ |
1,019.1 |
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$ |
17,791.0 |
|
Less intersegment |
|
(234.4 |
) |
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|
(40.2 |
) |
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|
(274.6 |
) |
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|
(274.6 |
) |
External Customers |
$ |
13,118.8 |
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$ |
3,340.2 |
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$ |
38.3 |
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|
$ |
16,497.3 |
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$ |
1,019.1 |
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$ |
17,516.4 |
|
Cost of sales and revenues |
|
11,110.6 |
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|
|
2,291.5 |
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|
44.0 |
|
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|
13,446.1 |
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|
|
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|
|
13,446.1 |
|
Research and development |
|
167.9 |
|
|
|
54.3 |
|
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|
.4 |
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|
222.6 |
|
|
|
|
|
|
222.6 |
|
Selling, general and administrative |
|
121.4 |
|
|
|
123.9 |
|
|
|
45.0 |
|
|
|
290.3 |
|
|
|
79.8 |
|
|
|
370.1 |
|
Interest and other borrowing expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
332.5 |
|
|
|
332.5 |
|
Depreciation and other expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
353.9 |
|
|
|
353.9 |
|
Provision for losses on receivables |
|
|
|
|
|
|
|
|
|
|
|
|
|
27.8 |
|
|
|
27.8 |
|
Other segment expenses (income) |
|
|
|
|
.9 |
|
|
|
(51.5 |
) |
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|
(50.6 |
) |
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|
|
|
(50.6 |
) |
|
$ |
1,718.9 |
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|
$ |
869.6 |
|
|
$ |
.4 |
|
|
$ |
2,588.9 |
|
|
$ |
225.1 |
|
|
$ |
2,814.0 |
|
Investment income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
181.3 |
|
Income before income taxes |
$ |
1,718.9 |
|
|
$ |
869.6 |
|
|
$ |
.4 |
|
|
$ |
2,588.9 |
|
|
$ |
225.1 |
|
|
$ |
2,995.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
$ |
193.0 |
|
|
$ |
8.7 |
|
|
$ |
12.5 |
|
|
$ |
214.2 |
|
|
$ |
252.7 |
|
|
$ |
466.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures for long-lived assets |
$ |
351.3 |
|
|
$ |
22.0 |
|
|
$ |
23.6 |
|
|
$ |
396.9 |
|
|
$ |
440.0 |
|
|
$ |
836.9 |
|
|
|
|
|
|
|
|
|
|
June 30 |
|
|
December 31 |
|
Business Segment Data |
2025 |
|
|
2024 |
|
Segment Assets: |
|
|
|
|
|
Truck |
$ |
8,413.4 |
|
|
$ |
7,563.3 |
|
Parts |
|
2,293.5 |
|
|
|
2,097.0 |
|
Other |
|
1,795.3 |
|
|
|
1,697.2 |
|
Cash and marketable securities |
|
8,279.7 |
|
|
|
9,649.9 |
|
|
|
20,781.9 |
|
|
|
21,007.4 |
|
Financial services |
|
23,312.9 |
|
|
|
22,411.5 |
|
|
$ |
44,094.8 |
|
|
$ |
43,418.9 |
|
|