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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Lease & related maintenance and rental revenues $ 4,174 $ 3,995 $ 3,704
Total revenues 12,011 9,663 8,420
Selling, general and administrative expenses 1,415 1,187 1,044
Non-operating pension costs, net 11 (1) 11
Used vehicle sales, net (450) (257) 0
Interest expense 228 214 261
Miscellaneous income, net (32) (66) (22)
Restructuring and other items, net 2 32 111
Total expenses 10,795 8,970 8,550
Earnings (loss) from continuing operations before income taxes 1,216 693 (130)
Provision for (benefit from) income taxes 353 171 (18)
Earnings (loss) from continuing operations 863 522 (112)
Gain (loss) from discontinued operations, net of tax 4 (3) (10)
Net earnings (loss) $ 867 $ 519 $ (122)
Earnings (loss) per common share — Basic      
Continuing operations (in dollars per share) $ 17.32 $ 9.92 $ (2.15)
Discontinued operations (in dollars per share) 0.09 (0.05) (0.21)
Net earnings (loss) (in dollars per share) 17.41 9.87 (2.34)
Earnings (loss) per common share — Diluted      
Continuing operations (in dollars per share) 16.96 9.70 (2.15)
Discontinued operations (in dollars per share) 0.08 (0.05) (0.21)
Net earnings (loss) (in dollars per share) $ 17.04 $ 9.66 $ (2.34)
Services revenue      
Revenue $ 7,118 $ 5,181 $ 4,318
Cost of services sold 6,153 4,503 3,653
Fuel services revenue      
Revenue 719 487 398
Cost of services sold 694 474 383
Cost of lease & related maintenance and rental      
Cost of services sold $ 2,774 $ 2,884 $ 3,109