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STATEMENTS OF COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Interest and fee income $ 74.8 $ 77.4 $ 144.6 $ 154.5
Operating lease and rental revenues 77.0 84.6 156.9 170.4
Used truck sales and other revenues 3.9 44.6 11.4 61.9
TOTAL INTEREST AND OTHER REVENUES 155.7 206.6 312.9 386.8
Interest and other borrowing costs 29.4 32.0 57.3 68.0
Depreciation and other rental expenses 49.3 70.1 86.2 151.3
Cost of used truck sales and other expenses 1.2 42.9 6.0 58.5
Selling, general and administrative expenses 15.2 14.5 30.1 28.1
Provision for losses on receivables 0.1 (0.4) (2.4) 0.2
TOTAL EXPENSES 95.2 159.1 177.2 306.1
INCOME BEFORE INCOME TAXES 60.5 47.5 135.7 80.7
Income taxes 14.9 11.4 33.3 19.1
NET INCOME 45.6 36.1 102.4 61.6
COMPREHENSIVE INCOME 47.8 35.7 124.1 70.5
RETAINED EARNINGS AT BEGINNING OF PERIOD 1,673.6 1,594.2 1,716.8 [1] 1,668.7
RETAINED EARNINGS AT END OF PERIOD $ 1,719.2 $ 1,630.3 $ 1,719.2 $ 1,630.3
[1] The December 31, 2021 balance sheet has been derived from audited financial statements.