Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Fair Value Measurements

The Company’s assets and liabilities subject to fair value measurements are as follows:

	December 31		December 31
Level 2	2023		2022
Assets:
Used trucks held for sale	$	29.7	$	.2
Derivative contracts		1.2		4.0
Liabilities:
Derivative contracts	$	5.2	$	19.7

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:

	December 31				December 31
	2023				2022
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Assets:
Due from PACCAR	$	956.0	$	941.7	$	1,101.0	$	1,048.2
Due from foreign finance affiliates		559.0		536.5		554.0		516.6
Fixed rate loans		5,380.4		5,324.4		4,779.4		4,566.4
Liabilities:
Fixed rate debt	$	6,084.5	$	6,005.8	$	5,826.1	$	5,559.0