v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Assets and Liabilities Fair Value Measurements The Company’s assets and liabilities subject to fair value measurements are as follows:

 

 

March 31

 

 

December 31

 

Level 2

 

 

2026

 

 

2025

 

Assets:

 

 

 

 

 

 

Impaired loans, net of specific reserves (2026 - $6.5 and 2025 - $2.6)

 

$

38.1

 

 

$

4.1

 

Used trucks held for sale

 

 

16.9

 

 

 

17.0

 

Derivative contracts

 

 

2.8

 

 

 

9.9

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Derivative contracts

 

$

1.6

 

 

$

2.2

 

Carrying Amount and Fair Value Fixed-Rate Loans and Fixed-Rate Debt

The Company’s estimate of fair value for fixed rate loans and debt that are not carried at fair value was as follows:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Due from PACCAR

 

$

989.6

 

 

$

999.6

 

 

$

1,034.6

 

 

$

1,052.4

 

Due from foreign finance affiliates

 

 

651.0

 

 

 

657.4

 

 

 

702.0

 

 

 

713.7

 

Fixed rate loans

 

 

6,391.2

 

 

 

6,486.4

 

 

 

6,536.0

 

 

 

6,726.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate debt

 

$

7,597.6

 

 

$

7,648.5

 

 

$

7,699.4

 

 

$

7,803.6