XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Lease & related maintenance and rental revenue $ 976 $ 1,050 $ 1,955 $ 2,075
Total revenue 2,884 3,034 5,836 5,888
Selling, general and administrative expenses 343 361 706 703
Non-operating pension costs, net 10 2 20 5
Used vehicle sales, net (55) (130) (127) (243)
Interest expense 72 56 137 108
Miscellaneous income, net (11) (14) (31) (14)
Currency translation adjustment loss 188 0 188 0
Restructuring and other items, net (1) 11 (26) 25
Total expenses 2,840 2,696 5,591 5,298
Earnings from continuing operations before income taxes 44 338 245 590
Provision for income taxes 62 98 123 174
Earnings (loss) from continuing operations (18) 240 122 416
Loss from discontinued operations, net of tax 0 (1) (1) (1)
Net earnings (loss) $ (18) $ 239 $ 121 $ 415
Earnings (loss) per common share — Basic        
Continuing operations (in dollars per share) $ (0.39) $ 4.80 $ 2.64 $ 8.20
Discontinued operations (in dollars per share) (0.01) (0.02) (0.02) (0.02)
Net earnings (loss) (in dollars per share) (0.40) 4.78 2.61 8.18
Earnings (loss) per common share — Diluted        
Continuing operations (in dollars per share) (0.39) 4.72 2.60 8.05
Discontinued operations (in dollars per share) (0.01) (0.02) (0.02) (0.02)
Net earnings (loss) (in dollars per share) $ (0.40) $ 4.70 $ 2.57 $ 8.03
Services revenue        
Revenue $ 1,778 $ 1,777 $ 3,599 $ 3,447
Cost of services sold 1,507 1,523 3,114 2,973
Fuel services revenue        
Revenue 130 207 282 366
Cost of services sold 126 199 275 354
Cost of lease & related maintenance and rental        
Cost of services sold $ 661 $ 688 $ 1,335 $ 1,387