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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 28,444.8 $ 33,663.8 $ 35,127.4
Cost of sales and revenues 22,736.7 26,069.6 26,894.2
Research and development 445.5 452.9 410.9
Interest and other borrowing expenses 783.0 710.8 500.6
Depreciation and other expenses 657.6 718.5 590.7
Selling, general and administrative 735.8 744.0 753.3
Provision for losses on receivables 124.5 75.6 31.3
Interest and other expenses (income), net 284.3 (113.8) 520.4
Income before income taxes 2,677.4 5,006.2 5,426.0
Investment income 346.1 394.7 292.2
Total Income Before Income Taxes 3,023.5 5,400.9 5,718.2
Income taxes 647.7 1,238.9 1,117.4
Net Income $ 2,375.8 $ 4,162.0 $ 4,600.8
Net Income Per Share      
Basic $ 4.52 $ 7.92 $ 8.78
Diluted $ 4.51 $ 7.9 $ 8.76
Weighted Average Number of Common Shares Outstanding      
Basic 525.9 525.3 523.9
Diluted 526.8 526.6 525.0
Truck, Parts and Other      
Revenues $ 26,235.1 $ 31,564.3 $ 33,315.5
Cost of sales and revenues 22,736.7 26,069.6 26,894.2
Research and development 445.5 452.9 410.9
Selling, general and administrative 576.6 585.0 604.3
Interest and other expenses (income), net 284.3 (113.8) 520.4
Costs and Expenses, Total 24,043.1 26,993.7 28,429.8
Income before income taxes 2,192.0 4,570.6 4,885.7
Total Income Before Income Taxes 2,192.0 4,570.6 4,885.7
Financial Services      
Interest and fees 1,428.7 1,295.9 1,009.3
Operating lease, rental and other revenues 781.0 803.6 802.6
Revenues 2,209.7 2,099.5 1,811.9
Interest and other borrowing expenses 783.0 710.8 500.6
Depreciation and other expenses 657.6 718.5 590.7
Selling, general and administrative 159.2 159.0 149.0
Provision for losses on receivables 124.5 75.6 31.3
Costs and Expenses, Total 1,724.3 1,663.9 1,271.6
Income before income taxes 485.4 435.6 540.3
Total Income Before Income Taxes $ 485.4 $ 435.6 $ 540.3