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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Lease & related maintenance and rental revenue $ 3,835 $ 3,937 $ 4,174
Total revenue 12,636 11,783 12,011
Selling, general and administrative expenses 1,478 1,421 1,415
Non-operating pension costs, net 41 40 11
Used vehicle sales, net (72) (196) (450)
Interest expense 386 296 228
Miscellaneous income, net (34) (47) (32)
Currency translation adjustment loss 0 188 0
Restructuring and other items, net 13 (21) 2
Total expenses 11,975 11,165 10,795
Earnings from continuing operations before income taxes 661 618 1,216
Provision for income taxes 172 212 353
Earnings from continuing operations 489 406 863
Earnings from discontinued operations, net of taxes 0 0 4
Net earnings $ 489 $ 406 $ 867
Earnings per common share — Basic      
Continuing operations (in dollars per share) $ 11.29 $ 8.89 $ 17.32
Discontinued operations (in dollars per share) 0 (0.01) 0.09
Net earnings (in dollars per share) 11.29 8.89 17.41
Earnings per common share — Diluted      
Continuing operations (in dollars per share) 11.06 8.73 16.96
Discontinued operations (in dollars per share) 0 (0.01) 0.08
Net earnings (in dollars per share) $ 11.06 $ 8.73 $ 17.04
Services revenue      
Revenue $ 8,345 $ 7,297 $ 7,118
Cost of services sold 7,099 6,266 6,153
Fuel services revenue      
Revenue 456 549 719
Cost of services sold 441 534 694
Cost of lease & related maintenance and rental      
Cost of services sold $ 2,623 $ 2,684 $ 2,774