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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Lease & related maintenance and rental revenue $ 936 $ 979
Total revenue 3,098 2,952
Selling, general and administrative expenses 378 363
Non-operating pension costs, net 11 10
Used vehicle sales, net (20) (72)
Interest expense 92 65
Miscellaneous income, net (15) (20)
Restructuring and other items, net 5 (25)
Total expenses 2,984 2,751
Earnings from continuing operations before income taxes 114 201
Provision for income taxes 29 61
Earnings from continuing operations 85 140
Loss from discontinued operations, net of taxes 0 (1)
Net earnings $ 85 $ 139
Earnings per common share — Basic    
Continuing operations (in dollars per share) $ 1.93 $ 3.00
Discontinued operations (in dollars per share) 0 (0.01)
Net earnings (in dollars per share) 1.93 2.99
Earnings per common share — Diluted    
Continuing operations (in dollars per share) 1.89 2.95
Discontinued operations (in dollars per share) 0 (0.01)
Net earnings (in dollars per share) $ 1.89 $ 2.94
Services revenue    
Revenue $ 2,038 $ 1,821
Cost of services sold 1,743 1,607
Fuel services revenue    
Revenue 124 152
Cost of services sold 121 149
Cost of lease & related maintenance and rental    
Cost of services sold $ 669 $ 674