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Segment and Related Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Geographic Area Data

Geographic Area Data

 

 

2023

 

 

 

2022

 

 

 

2021

 

Net sales and revenues:

 

 

 

 

 

 

 

 

 

United States

 

$

18,841.6

 

 

$

15,379.2

 

 

$

12,388.8

 

Europe

 

 

8,741.4

 

 

 

7,486.5

 

 

 

6,325.4

 

Other

 

 

7,544.4

 

 

 

5,954.0

 

 

 

4,808.1

 

 

$

35,127.4

 

 

$

28,819.7

 

 

$

23,522.3

 

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

 

United States

 

$

1,950.9

 

 

$

1,831.7

 

 

$

1,718.5

 

The Netherlands

 

 

654.0

 

 

 

534.1

 

 

 

516.1

 

Belgium

 

 

550.4

 

 

 

572.8

 

 

 

620.5

 

Other

 

 

624.8

 

 

 

529.8

 

 

 

543.0

 

 

$

3,780.1

 

 

$

3,468.4

 

 

$

3,398.1

 

Equipment on operating leases, net:

 

 

 

 

 

 

 

 

 

United States

 

$

524.9

 

 

$

846.9

 

 

$

1,003.0

 

Mexico

 

 

420.2

 

 

 

314.5

 

 

 

285.7

 

Spain

 

 

303.3

 

 

 

316.3

 

 

 

291.8

 

Germany

 

 

247.1

 

 

 

280.9

 

 

 

307.1

 

France

 

 

223.5

 

 

 

260.7

 

 

 

299.7

 

Poland

 

 

187.9

 

 

 

245.8

 

 

 

337.9

 

The Netherlands

 

 

137.8

 

 

 

185.9

 

 

 

157.8

 

Other

 

 

258.3

 

 

 

352.3

 

 

 

505.9

 

 

$

2,303.0

 

 

$

2,803.3

 

 

$

3,188.9

 

 
Segment Reporting Information by Segment

Business Segment Data

 

 

2023

 

 

 

2022

 

 

 

2021

 

Net sales and revenues:

 

 

 

 

 

 

 

 

 

Truck

 

$

27,257.1

 

 

$

22,005.5

 

 

$

17,379.0

 

Less intersegment

 

 

(410.7

)

 

 

(519.3

)

 

 

(579.3

)

External customers

 

 

26,846.4

 

 

 

21,486.2

 

 

 

16,799.7

 

Parts

 

 

6,486.5

 

 

 

5,829.4

 

 

 

5,004.8

 

Less intersegment

 

 

(72.1

)

 

 

(65.1

)

 

 

(60.5

)

External customers

 

 

6,414.4

 

 

 

5,764.3

 

 

 

4,944.3

 

Other

 

 

54.7

 

 

 

63.8

 

 

 

90.5

 

 

 

33,315.5

 

 

 

27,314.3

 

 

 

21,834.5

 

Financial Services

 

 

1,811.9

 

 

 

1,505.4

 

 

 

1,687.8

 

 

$

35,127.4

 

 

$

28,819.7

 

 

$

23,522.3

 

Income (loss) before income taxes:

 

 

 

 

 

 

 

 

 

Truck

 

$

3,799.9

 

 

$

1,753.3

 

 

$

804.9

 

Parts

 

 

1,702.6

 

 

 

1,446.6

 

 

 

1,110.0

 

Other*

 

 

(616.8

)

 

 

(1.1

)

 

 

28.3

 

 

 

4,885.7

 

 

 

3,198.8

 

 

 

1,943.2

 

Financial Services

 

 

540.3

 

 

 

588.9

 

 

 

437.6

 

Investment income

 

 

292.2

 

 

 

61.0

 

 

 

15.5

 

 

$

5,718.2

 

 

$

3,848.7

 

 

$

2,396.3

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Truck

 

$

403.5

 

 

$

324.9

 

 

$

277.6

 

Parts

 

 

15.0

 

 

 

14.0

 

 

 

12.0

 

Other

 

 

25.3

 

 

 

23.9

 

 

 

21.9

 

 

 

443.8

 

 

 

362.8

 

 

 

311.5

 

Financial Services

 

 

480.1

 

 

 

427.4

 

 

 

591.8

 

 

$

923.9

 

 

$

790.2

 

 

$

903.3

 

Expenditures for long-lived assets:

 

 

 

 

 

 

 

 

 

Truck

 

$

584.8

 

 

$

466.0

 

 

$

547.2

 

Parts

 

 

65.7

 

 

 

21.1

 

 

 

29.4

 

Other

 

 

33.2

 

 

 

28.6

 

 

 

24.1

 

 

 

683.7

 

 

 

515.7

 

 

 

600.7

 

Financial Services

 

 

582.2

 

 

 

854.8

 

 

 

984.8

 

 

$

1,265.9

 

 

$

1,370.5

 

 

$

1,585.5

 

Segment assets:

 

 

 

 

 

 

 

 

 

Truck

 

$

8,038.5

 

 

$

7,218.1

 

 

$

6,912.1

 

Parts

 

 

1,912.1

 

 

 

1,742.1

 

 

 

1,505.1

 

Other

 

 

1,249.6

 

 

 

976.8

 

 

 

860.3

 

Cash and marketable securities

 

 

8,659.3

 

 

 

6,158.9

 

 

 

4,813.0

 

 

 

19,859.5

 

 

 

16,095.9

 

 

 

14,090.5

 

Financial Services

 

 

20,963.9

 

 

 

17,179.6

 

 

 

15,418.9

 

 

$

40,823.4

 

 

$

33,275.5

 

 

$

29,509.4

 

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