v3.25.4
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Lease & related maintenance and rental revenue $ 3,881 $ 3,835 $ 3,937
Total revenue 12,665 12,636 11,783
Selling, general and administrative expenses 1,470 1,478 1,421
Non-operating pension costs, net 36 41 40
Used vehicle sales, net (22) (72) (196)
Interest expense 404 386 296
Miscellaneous income, net (26) (34) (47)
Currency translation adjustment loss 0 0 188
Restructuring and other items, net 9 13 (21)
Total expenses 11,980 11,975 11,165
Total 685 661 618
Provision for income taxes 184 172 212
Earnings from continuing operations 501 489 406
Loss from discontinued operations, net of tax (2) 0 0
Net earnings $ 499 $ 489 $ 406
Earnings per common share — Basic      
Continuing operations (in dollars per share) $ 12.20 $ 11.29 $ 8.89
Discontinued operations (in dollars per share) (0.05) 0 (0.01)
Net earnings (in dollars per share) 12.15 11.29 8.89
Earnings per common share — Diluted      
Continuing operations (in dollars per share) 11.99 11.06 8.73
Discontinued operations (in dollars per share) (0.04) 0 (0.01)
Net earnings (in dollars per share) $ 11.94 $ 11.06 $ 8.73
Services revenue      
Revenue $ 8,378 $ 8,345 $ 7,297
Cost of services sold 7,129 7,099 6,266
Fuel services revenue      
Revenue 406 456 549
Cost of services sold 391 441 534
Cost of lease & related maintenance and rental      
Cost of services sold $ 2,589 $ 2,623 $ 2,684