Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING ACTIVITIES:
Net Income	$ 733.9	$ 600.5
Adjustments to reconcile net income to cash provided by operations:
Depreciation and amortization, Property, plant and equipment	103.0	74.0
Depreciation and amortization, Equipment on operating leases and other	118.1	111.7
Provision for losses on financial services receivables	3.1	0.2
Other, net	(58.5)	(140.7)
Pension contributions	(5.8)	(6.7)
Change in operating assets and liabilities:
Trade and other receivables	(448.6)	(381.0)
Wholesale receivables on new trucks	(451.2)	(327.4)
Inventories	(401.7)	(230.9)
Accounts payable and accrued expenses	663.1	550.3
Income taxes, warranty and other	429.4	209.3
Net Cash Provided by Operating Activities	684.8	459.3
INVESTING ACTIVITIES:
Originations of retail loans and finance leases	(1,199.3)	(1,221.0)
Collections on retail loans and finance leases	1,030.3	974.1
Net increase in wholesale receivables on used equipment	(9.9)	(1.6)
Purchases of marketable debt securities	(217.5)	(207.7)
Proceeds from sales and maturities of marketable debt securities	206.6	203.9
Payments for property, plant and equipment	(138.7)	(138.4)
Acquisitions of equipment for operating leases	(153.1)	(230.2)
Proceeds from asset disposals	171.4	188.1
Other, net	17.5	26.7
Net Cash Used in Investing Activities	(292.7)	(406.1)
FINANCING ACTIVITIES:
Payments of cash dividends	(1,105.3)	(639.4)
Purchases of treasury stock	(3.0)	(1.9)
Proceeds from stock compensation transactions	20.5	16.7
Net increase in commercial paper, short-term bank loans and other	209.6	481.6
Proceeds from term debt	826.1	631.7
Payments on term debt	(638.7)	(645.1)
Net Cash Used in Financing Activities	(690.8)	(156.4)
Effect of exchange rate changes on cash and cash equivalents	17.9	(10.2)
Net Decrease in Cash and Cash Equivalents	(280.8)	(113.4)
Cash and cash equivalents at beginning of period	4,690.9	3,428.3
Cash and cash equivalents at end of period	$ 4,410.1	$ 3,314.9