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STATEMENTS OF COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Interest and fee income $ 174.9 $ 125.5 $ 482.9 $ 338.2
Operating lease and rental revenues 45.4 54.9 140.1 186.8
Used truck sales and other revenues 8.1 3.8 25.6 15.5
TOTAL INTEREST AND OTHER REVENUES 228.4 184.2 648.6 540.5
Interest and other borrowing costs 112.0 74.9 299.5 192.1
Depreciation and other rental expenses 43.2 47.1 132.3 138.8
Cost of used truck sales and other expenses 7.4 2.6 24.5 11.2
Selling, general and administrative expenses 18.1 16.3 53.3 47.9
Provision for losses on receivables 9.9 0.8 23.1 2.2
TOTAL EXPENSES 190.6 141.7 532.7 392.2
INCOME BEFORE INCOME TAXES 37.8 42.5 115.9 148.3
Income taxes 9.3 10.3 28.2 36.7
NET INCOME 28.5 32.2 87.7 111.6
COMPREHENSIVE INCOME 22.8 34.3 83.2 112.2
RETAINED EARNINGS AT BEGINNING OF PERIOD 1,712.3 1,643.0 1,703.1 [1] 1,813.6
RETAINED EARNINGS AT END OF PERIOD $ 1,740.8 $ 1,675.2 $ 1,740.8 $ 1,675.2
[1] The December 31, 2023 balance sheet has been derived from audited financial statements.