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STATEMENTS OF COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Interest and fee income $ 125.5 $ 80.9 $ 338.2 $ 225.5
Operating lease and rental revenues 54.9 75.7 186.8 232.6
Used truck sales and other revenues 3.8 3.8 15.5 15.2
TOTAL INTEREST AND OTHER REVENUES 184.2 160.4 540.5 473.3
Interest and other borrowing costs 74.9 35.2 192.1 92.5
Depreciation and other rental expenses 47.1 51.3 138.8 137.5
Cost of used truck sales and other expenses 2.6 1.7 11.2 7.7
Selling, general and administrative expenses 16.3 15.5 47.9 45.6
Provision for losses on receivables 0.8 (1.2) 2.2 (3.6)
TOTAL EXPENSES 141.7 102.5 392.2 279.7
INCOME BEFORE INCOME TAXES 42.5 57.9 148.3 193.6
Income taxes 10.3 14.4 36.7 47.7
NET INCOME 32.2 43.5 111.6 145.9
COMPREHENSIVE INCOME 34.3 44.7 112.2 168.8
RETAINED EARNINGS AT BEGINNING OF PERIOD 1,643.0 1,719.2 1,813.6 [1] 1,716.8
RETAINED EARNINGS AT END OF PERIOD $ 1,675.2 $ 1,762.7 $ 1,675.2 $ 1,762.7
[1] The December 31, 2022 balance sheet has been derived from audited financial statements.