STATEMENTS OF COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Income Statement [Abstract] | |||||||
| Interest and fee income | $ 181.3 | $ 193.0 | $ 362.1 | $ 383.0 | |||
| Operating lease and rental revenues | 28.9 | 37.2 | 59.3 | 75.3 | |||
| Used truck sales and other revenues | 10.5 | 5.2 | 16.7 | 20.0 | |||
| TOTAL INTEREST AND OTHER REVENUES | 220.7 | 235.4 | 438.1 | 478.3 | |||
| Interest and other borrowing costs | 109.9 | 123.8 | 220.3 | 242.3 | |||
| Depreciation and other rental expenses | 24.8 | 29.4 | 50.5 | 64.5 | |||
| Cost of used truck sales and other expenses | 10.1 | 4.1 | 15.2 | 18.2 | |||
| Selling, general and administrative expenses | 17.2 | 17.3 | 33.8 | 34.4 | |||
| Provision for losses on receivables | 9.9 | 12.7 | 24.1 | 18.2 | |||
| TOTAL EXPENSES | 171.9 | 187.3 | 343.9 | 377.6 | |||
| INCOME BEFORE INCOME TAXES | 48.8 | 48.1 | 94.2 | 100.7 | |||
| Income taxes | 11.8 | 11.7 | 23.2 | 23.8 | |||
| NET INCOME | 37.0 | 36.4 | 71.0 | 76.9 | |||
| COMPREHENSIVE INCOME | 39.0 | 36.2 | 73.8 | 73.8 | |||
| RETAINED EARNINGS AT BEGINNING OF PERIOD | 1,947.6 | 1,809.9 | 1,913.6 | [1] | 1,769.4 | ||
| RETAINED EARNINGS AT END OF PERIOD | $ 1,984.6 | $ 1,846.3 | $ 1,984.6 | $ 1,846.3 | |||
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- Definition The total amount of depreciation charge recorded for property subject to or held for lease and other rental expenses. No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense and other borrowing costs. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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