Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Fair Value Measurements

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

	March 31		December 31
Level 2		2022	2021
Assets:
Impaired loans, net of specific reserves (2021 - nil)			$	2.9
Used trucks held for sale	$	.6		3.3
Derivative contracts		.5		10.3
Liabilities:
Derivative contracts	$	20.9	$	18.0

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:

	March 31, 2022				December 31, 2021
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Assets:
Due from PACCAR	$	1,106.0	$	1,080.6	$	1,111.0	$	1,117.2
Due from foreign finance affiliates		200.0		188.7		200.0		196.5
Fixed rate loans		4,528.2		4,436.4		4,358.5		4,370.4
Liabilities:
Fixed rate debt	$	5,132.1	$	5,026.8	$	5,144.9	$	5,171.6