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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Lease & related maintenance and rental revenue $ 3,937 $ 4,174 $ 3,995
Total revenue 11,783 12,011 9,663
Selling, general and administrative expenses 1,421 1,415 1,187
Non-operating pension costs, net 40 11 (1)
Used vehicle sales, net (196) (450) (257)
Interest expense 296 228 214
Miscellaneous income, net (47) (32) (66)
Currency translation adjustment loss 188 0 0
Restructuring and other items, net (21) 2 32
Total expenses 11,165 10,795 8,970
Earnings from continuing operations before income taxes 618 1,216 693
Provision for income taxes 212 353 171
Earnings from continuing operations 406 863 522
Earnings (loss) from discontinued operations, net of taxes 0 4 (3)
Net earnings $ 406 $ 867 $ 519
Earnings per common share — Basic      
Continuing operations (in dollars per share) $ 8.89 $ 17.32 $ 9.92
Discontinued operations (in dollars per share) (0.01) 0.09 (0.05)
Net earnings (in dollars per share) 8.89 17.41 9.87
Earnings per common share — Diluted      
Continuing operations (in dollars per share) 8.73 16.96 9.70
Discontinued operations (in dollars per share) (0.01) 0.08 (0.05)
Net earnings (in dollars per share) $ 8.73 $ 17.04 $ 9.66
Services revenue      
Revenue $ 7,297 $ 7,118 $ 5,181
Cost of services sold 6,266 6,153 4,503
Fuel services revenue      
Revenue 549 719 487
Cost of services sold 534 694 474
Cost of lease & related maintenance and rental      
Cost of services sold $ 2,684 $ 2,774 $ 2,884