v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Lease & related maintenance and rental revenue $ 1,013 $ 976 $ 2,936 $ 2,887
Total revenue 3,433 3,171 9,906 9,490
Selling, general and administrative expenses 375 380 1,145 1,123
Non-operating pension costs, net 8 10 34 27
Used vehicle sales, net (17) (3) (36) (10)
Interest expense 96 102 290 304
Miscellaneous income and other, net (3) (14) (23) (21)
Total expenses 3,207 2,981 9,377 8,982
Earnings from continuing operations before income taxes 226 190 529 508
Provision for income taxes 64 51 140 140
Earnings from continuing operations 162 139 389 368
Less: Loss from discontinued operations, net of tax 0 (1) (1) (1)
Net earnings $ 162 $ 138 $ 388 $ 367
Earnings per common share — Basic        
Continuing operations (in dollars per share) $ 4.22 $ 3.39 $ 10.00 $ 8.90
Discontinued operations (in dollars per share) (0.01) (0.01) (0.03) (0.04)
Net earnings (in dollars per share) 4.21 3.38 9.97 8.86
Earnings per common share — Diluted        
Continuing operations (in dollars per share) 4.16 3.33 9.88 8.75
Discontinued operations (in dollars per share) (0.01) (0.01) (0.03) (0.04)
Net earnings (in dollars per share) $ 4.15 $ 3.32 $ 9.86 $ 8.70
Services revenue        
Revenue $ 2,266 $ 2,088 $ 6,560 $ 6,290
Cost of services sold 1,936 1,779 5,596 5,344
Fuel services revenue        
Revenue 154 107 410 313
Cost of services sold 148 101 392 299
Cost of lease & related maintenance and rental        
Cost of services sold $ 664 $ 626 $ 1,979 $ 1,916