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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Property, plant and equipment, net $ 3,780.1 $ 3,468.4
Total Assets 40,823.4 33,275.5
STOCKHOLDERS' EQUITY:    
Common stock, $1 par value - authorized 1.2 billion shares; issued 523.3 million and 522.0 million shares 523.3 522.0
Additional paid-in capital 269.1 196.1
Retained earnings 15,780.3 13,402.4
Accumulated other comprehensive loss (693.9) (953.4)
Total Stockholders’ Equity 15,878.8 13,167.1
Liabilities and Equity, Total 40,823.4 33,275.5
Truck, Parts and Other    
ASSETS    
Cash and cash equivalents 6,836.7 4,544.7
Trade and other receivables, net (allowance for losses: 2023 - $.9, 2022 - $.6) 2,198.1 1,919.8
Marketable securities 1,822.6 1,614.2
Inventories, net 2,576.7 2,198.8
Other current assets 680.6 682.0
Total Truck, Parts and Other Current Assets 14,114.7 10,959.5
Equipment on operating leases, net 127.6 190.8
Property, plant and equipment, net 3,780.1 3,468.4
Other noncurrent assets, net 1,837.1 1,477.2
Total Assets 19,859.5 16,095.9
Liabilities    
Accounts payable, accrued expenses and other 5,076.3 4,511.7
Dividend payable 1,675.0 974.6
Total Truck, Parts and Other Current Liabilities 6,751.3 5,486.3
Residual value guarantees and deferred revenues 142.6 209.2
Other liabilities 2,121.9 1,490.1
Total Liabilities 9,015.8 7,185.6
Financial Services    
ASSETS    
Cash and cash equivalents 345.0 146.2
Finance and other receivables, net (allowance for losses: 2023 - $133.0, 2022 - $121.1) 17,571.7 13,791.9
Equipment on operating leases, net 2,175.4 2,612.5
Other assets 871.8 629.0
Total Assets 20,963.9 17,179.6
Liabilities    
Accounts payable, accrued expenses and other 992.3 826.8
Commercial paper and bank loans 5,609.9 3,604.9
Term notes 8,624.6 7,866.7
Deferred taxes and other liabilities 702.0 624.4
Total Liabilities $ 15,928.8 $ 12,922.8