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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Information by Segment

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30

 

 

June 30

 

 

 

2023

 

 

 

2022

 

 

 

2023

 

 

 

2022

 

Net sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

Truck

$

6,923.0

 

 

$

5,499.5

 

 

$

13,501.7

 

 

$

10,335.0

 

Less intersegment

 

(95.5

)

 

 

(163.1

)

 

 

(260.4

)

 

 

(301.5

)

External customers

 

6,827.5

 

 

 

5,336.4

 

 

 

13,241.3

 

 

 

10,033.5

 

Parts

 

1,618.4

 

 

 

1,450.6

 

 

 

3,259.5

 

 

 

2,855.9

 

Less intersegment

 

(19.5

)

 

 

(15.9

)

 

 

(37.6

)

 

 

(32.3

)

External customers

 

1,598.9

 

 

 

1,434.7

 

 

 

3,221.9

 

 

 

2,823.6

 

Other

 

14.9

 

 

 

15.1

 

 

 

28.2

 

 

 

35.5

 

 

8,441.3

 

 

 

6,786.2

 

 

 

16,491.4

 

 

 

12,892.6

 

Financial Services

 

439.8

 

 

 

372.5

 

 

 

863.0

 

 

 

738.7

 

$

8,881.1

 

 

$

7,158.7

 

 

$

17,354.4

 

 

$

13,631.3

 

Income before income taxes:

 

 

 

 

 

 

 

 

 

 

 

Truck

$

948.3

 

 

$

422.1

 

 

$

1,842.6

 

 

$

698.8

 

Parts

 

419.3

 

 

 

353.3

 

 

 

857.9

 

 

 

693.5

 

Other*

 

(6.5

)

 

 

(3.1

)

 

 

(618.2

)

 

 

6.9

 

 

1,361.1

 

 

 

772.3

 

 

 

2,082.3

 

 

 

1,399.2

 

Financial Services

 

144.7

 

 

 

144.4

 

 

 

293.5

 

 

 

291.4

 

Investment income

 

62.7

 

 

 

5.4

 

 

 

111.7

 

 

 

2.9

 

$

1,568.5

 

 

$

922.1

 

 

$

2,487.5

 

 

$

1,693.5

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

Truck

$

99.2

 

 

$

77.7

 

 

$

199.0

 

 

$

149.3

 

Parts

 

3.6

 

 

 

3.3

 

 

 

7.3

 

 

 

6.5

 

Other

 

6.0

 

 

 

6.2

 

 

 

12.3

 

 

 

11.9

 

 

108.8

 

 

 

87.2

 

 

 

218.6

 

 

 

167.7

 

Financial Services

 

114.6

 

 

 

109.7

 

 

 

225.9

 

 

 

214.9

 

 

$

223.4

 

 

$

196.9

 

 

$

444.5

 

 

$

382.6

 

* In the first half 2023, Other includes a $600.0 million non-recurring charge related to civil litigation in Europe (EC-related claims) which is discussed in Note M.