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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 35,127.4 $ 28,819.7 $ 23,522.3
Provision for losses on receivables 31.3 5.5 0.5
Investment income 292.2 61.0 15.5
Total Income Before Income Taxes 5,718.2 3,848.7 2,396.3
Income taxes 1,117.4 837.1 530.8
Net Income $ 4,600.8 $ 3,011.6 $ 1,865.5
Net Income Per Share      
Basic $ 8.78 $ 5.76 $ 3.58
Diluted $ 8.76 $ 5.75 $ 3.57
Weighted Average Number of Common Shares Outstanding      
Basic 523.9 522.6 521.7
Diluted 525.0 523.4 522.7
Truck, Parts and Other      
Revenues $ 33,315.5 $ 27,314.3 $ 21,834.5
Cost of sales and revenues 26,894.2 23,291.0 19,092.4
Research and development 410.9 341.2 324.1
Selling, general and administrative 604.3 592.4 547.4
Interest and other expenses (income), net 520.4 (109.1) (72.6)
Costs and Expenses, Total 28,429.8 24,115.5 19,891.3
Income before income taxes 4,885.7 3,198.8 1,943.2
Financial Services      
Interest and fees 1,009.3 628.7 524.4
Operating lease, rental and other revenues 802.6 876.7 1,163.4
Revenues 1,811.9 1,505.4 1,687.8
Interest and other borrowing expenses 500.6 216.3 150.9
Depreciation and other expenses 590.7 560.8 969.4
Selling, general and administrative 149.0 133.9 129.4
Provision for losses on receivables 31.3 5.5 0.5
Costs and Expenses, Total 1,271.6 916.5 1,250.2
Income before income taxes $ 540.3 $ 588.9 $ 437.6