| Segment Reporting Information by Segment |
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Three Months Ended September 30, 2026 |
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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 |
$ |
5,706.3 |
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$ |
1,795.8 |
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$ |
(4.8 |
) |
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$ |
7,497.3 |
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$ |
558.9 |
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$ |
8,056.2 |
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Less intersegment |
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(103.9 |
) |
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(15.8 |
) |
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(119.7 |
) |
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(119.7 |
) |
External Customers |
$ |
5,602.4 |
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$ |
1,780.0 |
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$ |
(4.8 |
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$ |
7,377.6 |
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$ |
558.9 |
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$ |
7,936.5 |
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Cost of sales and revenues |
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5,032.3 |
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1,272.3 |
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6.4 |
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6,311.0 |
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6,311.0 |
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Research and development |
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73.7 |
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35.2 |
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108.9 |
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108.9 |
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Selling, general and administrative |
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43.4 |
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66.9 |
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15.0 |
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125.3 |
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42.5 |
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167.8 |
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Interest and other borrowing expenses |
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181.5 |
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181.5 |
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Depreciation and other expenses |
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168.2 |
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168.2 |
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Provision for losses on receivables |
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28.6 |
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28.6 |
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Other segment (income) expenses, net |
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(1.5 |
) |
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1.2 |
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(26.2 |
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(26.5 |
) |
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(26.5 |
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$ |
454.5 |
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$ |
404.4 |
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$ |
858.9 |
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$ |
138.1 |
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$ |
997.0 |
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Investment income |
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84.0 |
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Income before income taxes |
$ |
454.5 |
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$ |
404.4 |
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$ |
858.9 |
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$ |
138.1 |
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$ |
1,081.0 |
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Depreciation and amortization |
$ |
106.7 |
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$ |
4.7 |
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$ |
6.4 |
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$ |
117.8 |
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$ |
98.7 |
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$ |
216.5 |
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Expenditures for long-lived assets |
$ |
119.8 |
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$ |
3.2 |
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$ |
12.5 |
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$ |
135.5 |
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$ |
288.9 |
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$ |
424.4 |
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Nine Months Ended September 30, 2026 |
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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 |
$ |
15,766.7 |
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$ |
5,291.4 |
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$ |
(10.1 |
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$ |
21,048.0 |
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$ |
1,650.8 |
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$ |
22,698.8 |
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Less intersegment |
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(384.7 |
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(54.4 |
) |
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(439.1 |
) |
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(439.1 |
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External Customers |
$ |
15,382.0 |
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$ |
5,237.0 |
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$ |
(10.1 |
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$ |
20,608.9 |
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$ |
1,650.8 |
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$ |
22,259.7 |
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Cost of sales and revenues |
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13,999.9 |
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3,702.3 |
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14.3 |
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17,716.5 |
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17,716.5 |
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Research and development |
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226.2 |
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106.1 |
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332.3 |
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332.3 |
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Selling, general and administrative |
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154.8 |
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202.4 |
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56.3 |
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413.5 |
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123.3 |
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536.8 |
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Interest and other borrowing expenses |
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544.2 |
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544.2 |
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Depreciation and other expenses |
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493.5 |
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493.5 |
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Provision for losses on receivables |
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112.1 |
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112.1 |
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Other segment expenses (income), net |
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9.9 |
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2.5 |
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(76.5 |
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(64.1 |
) |
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(64.1 |
) |
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$ |
991.2 |
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$ |
1,223.7 |
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$ |
(4.2 |
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$ |
2,210.7 |
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$ |
377.7 |
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$ |
2,588.4 |
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Investment income |
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250.4 |
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Income (loss) before income taxes |
$ |
991.2 |
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$ |
1,223.7 |
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$ |
(4.2 |
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$ |
2,210.7 |
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$ |
377.7 |
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$ |
2,838.8 |
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Depreciation and amortization |
$ |
300.8 |
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$ |
15.1 |
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$ |
18.9 |
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$ |
334.8 |
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$ |
296.8 |
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$ |
631.6 |
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Expenditures for long-lived assets |
$ |
359.6 |
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$ |
12.7 |
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$ |
48.2 |
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$ |
420.5 |
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$ |
695.2 |
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$ |
1,115.7 |
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Three Months Ended September 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 |
$ |
4,455.9 |
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$ |
1,741.9 |
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$ |
.5 |
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$ |
6,198.3 |
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$ |
565.3 |
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$ |
6,763.6 |
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Less intersegment |
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(74.5 |
) |
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(17.3 |
) |
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(91.8 |
) |
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(91.8 |
) |
External Customers |
$ |
4,381.4 |
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$ |
1,724.6 |
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$ |
.5 |
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$ |
6,106.5 |
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$ |
565.3 |
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$ |
6,671.8 |
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Cost of sales and revenues |
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4,125.8 |
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1,216.5 |
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3.1 |
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5,345.4 |
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5,345.4 |
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Research and development |
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79.6 |
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31.4 |
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111.0 |
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111.0 |
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Selling, general and administrative |
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63.3 |
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66.5 |
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10.5 |
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140.3 |
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39.9 |
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180.2 |
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Interest and other borrowing expenses |
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201.0 |
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201.0 |
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Depreciation and other expenses |
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161.7 |
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161.7 |
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Provision for losses on receivables |
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36.5 |
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36.5 |
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Other segment expenses (income), net |
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10.2 |
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.2 |
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(27.2 |
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(16.8 |
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(16.8 |
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$ |
102.5 |
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$ |
410.0 |
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$ |
14.1 |
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$ |
526.6 |
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$ |
126.2 |
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$ |
652.8 |
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Investment income |
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90.8 |
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Income before income taxes |
$ |
102.5 |
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$ |
410.0 |
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$ |
14.1 |
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$ |
526.6 |
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$ |
126.2 |
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$ |
743.6 |
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Depreciation and amortization |
$ |
89.6 |
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$ |
4.3 |
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$ |
6.0 |
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$ |
99.9 |
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$ |
105.9 |
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$ |
205.8 |
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Expenditures for long-lived assets |
$ |
137.1 |
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$ |
8.3 |
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$ |
7.3 |
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$ |
152.7 |
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$ |
143.0 |
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$ |
295.7 |
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Nine Months Ended September 30, 2025 Truck Parts Other Truck, Parts and Other Financial Services Total Net sales and revenues $ 15,187.6 $ 5,189.7 $ (2.7 ) $ 20,374.6 $ 1,641.0 $ 22,015.6 Less intersegment (337.3 ) (54.3 ) (391.6 ) (391.6 ) External Customers $ 14,850.3 $ 5,135.4 $ (2.7 ) $ 19,983.0 $ 1,641.0 $ 21,624.0 Cost of sales and revenues 13,630.1 3,592.7 9.0 17,231.8 17,231.8 Research and development 246.9 92.4 339.3 339.3 Selling, general and administrative 175.3 192.0 55.5 422.8 118.3 541.1 Interest and other borrowing expenses 591.9 591.9 Depreciation and other expenses 476.3 476.3 Provision for losses on receivables 84.0 84.0 Other segment expenses, net* 21.8 5.3 272.4 299.5 299.5 $ 776.2 $ 1,253.0 $ (339.6 ) $ 1,689.6 $ 370.5 $ 2,060.1 Investment income 258.5 Income (loss) before income taxes $ 776.2 $ 1,253.0 $ (339.6 ) $ 1,689.6 $ 370.5 $ 2,318.6 Depreciation and amortization $ 273.6 $ 11.5 $ 18.5 $ 303.6 $ 314.6 $ 618.2 Expenditures for long-lived assets $ 512.6 $ 14.7 $ 27.3 $ 554.6 $ 461.6 $ 1,016.2 * In the first quarter of 2025, Other includes a $350.0 charge related to civil litigation in Europe (EC-related claims) which is discussed in Note M.
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September 30 |
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December 31 |
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Business Segment Data |
2026 |
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2025 |
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Segment Assets: |
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Truck |
$ |
8,772.9 |
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$ |
7,966.1 |
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Parts |
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2,438.8 |
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2,278.5 |
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Other |
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2,212.6 |
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2,034.5 |
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Cash and marketable securities |
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9,238.2 |
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9,253.7 |
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22,662.5 |
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21,532.8 |
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Financial services |
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22,475.9 |
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22,803.4 |
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$ |
45,138.4 |
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$ |
44,336.2 |
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