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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Lease & related maintenance and rental revenue $ 945 $ 936
Total revenue 3,131 3,098
Selling, general and administrative expenses 368 378
Non-operating pension costs, net 9 11
Used vehicle sales, net (9) (20)
Interest expense 100 92
Miscellaneous loss (income), net 6 (15)
Restructuring and other items, net (1) 5
Total expenses 2,997 2,984
Earnings from continuing operations before income taxes 134 114
Provision for income taxes 36 29
Earnings from continuing operations 98 85
Loss from discontinued operations, net of tax 0 0
Net earnings $ 98 $ 85
Earnings per common share — Basic    
Continuing operations (in dollars per share) $ 2.33 $ 1.93
Discontinued operations (in dollars per share) (0.01) 0
Net earnings (loss) (in dollars per share) 2.32 1.93
Earnings per common share — Diluted    
Continuing operations (in dollars per share) 2.29 1.89
Discontinued operations (in dollars per share) (0.01) 0
Net earnings (loss) (in dollars per share) $ 2.27 $ 1.89
Services revenue    
Revenue $ 2,080 $ 2,038
Cost of services sold 1,772 1,743
Fuel services revenue    
Revenue 106 124
Cost of services sold 104 121
Cost of lease & related maintenance and rental    
Cost of services sold $ 648 $ 669