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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues $ 33,663.8 $ 35,127.4 $ 28,819.7
Cost of sales and revenues 26,069.6 26,894.2 23,291.0
Research and development 452.9 410.9 341.2
Interest and other borrowing expenses 710.8 500.6 216.3
Depreciation and other expenses 718.5 590.7 560.8
Selling, general and administrative 744.0 753.3 726.3
Provision for losses on receivables 75.6 31.3 5.5
Income before income taxes 5,006.2 5,426.0 3,787.7
Investment income 394.7 292.2 61.0
Total Income Before Income Taxes 5,400.9 5,718.2 3,848.7
Income taxes 1,238.9 1,117.4 837.1
Net Income $ 4,162.0 $ 4,600.8 $ 3,011.6
Net Income Per Share      
Basic $ 7.92 $ 8.78 $ 5.76
Diluted $ 7.9 $ 8.76 $ 5.75
Weighted Average Number of Common Shares Outstanding      
Basic 525.3 523.9 522.6
Diluted 526.6 525.0 523.4
Truck, Parts and Other      
Revenues $ 31,564.3 $ 33,315.5 $ 27,314.3
Cost of sales and revenues 26,069.6 26,894.2 23,291.0
Research and development 452.9 410.9 341.2
Selling, general and administrative 585.0 604.3 592.4
Interest and other (income) expenses, net (113.8) 520.4 (109.1)
Costs and Expenses, Total 26,993.7 28,429.8 24,115.5
Income before income taxes 4,570.6 4,885.7 3,198.8
Total Income Before Income Taxes 4,570.6 4,885.7 3,198.8
Financial Services      
Interest and fees 1,295.9 1,009.3 628.7
Operating lease, rental and other revenues 803.6 802.6 876.7
Revenues 2,099.5 1,811.9 1,505.4
Interest and other borrowing expenses 710.8 500.6 216.3
Depreciation and other expenses 718.5 590.7 560.8
Selling, general and administrative 159.0 149.0 133.9
Provision for losses on receivables 75.6 31.3 5.5
Costs and Expenses, Total 1,663.9 1,271.6 916.5
Income before income taxes 435.6 540.3 588.9
Total Income Before Income Taxes $ 435.6 $ 540.3 $ 588.9