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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Lease & related maintenance and rental revenue $ 976 $ 960 $ 2,887 $ 2,844
Total revenue 3,171 3,168 9,490 9,447
Selling, general and administrative expenses 380 368 1,123 1,113
Non-operating pension costs, net 10 10 27 31
Used vehicle sales, net (3) (15) (10) (54)
Interest expense 102 98 304 286
Miscellaneous income, net (14) (10) (21) (29)
Restructuring and other items, net 0 1 0 5
Total expenses 2,981 2,980 8,982 8,967
Earnings from continuing operations before income taxes 190 188 508 480
Provision for income taxes 51 45 140 126
Earnings from continuing operations 139 143 368 354
Loss from discontinued operations, net of tax (1) (1) (1) 0
Net earnings $ 138 $ 142 $ 367 $ 354
Earnings per common share — Basic        
Continuing operations (in dollars per share) $ 3.39 $ 3.32 $ 8.90 $ 8.11
Discontinued operations (in dollars per share) (0.01) (0.01) (0.04) 0
Net earnings (in dollars per share) 3.38 3.30 8.86 8.11
Earnings per common share — Diluted        
Continuing operations (in dollars per share) 3.33 3.25 8.75 7.96
Discontinued operations (in dollars per share) (0.01) (0.01) (0.04) 0
Net earnings (in dollars per share) $ 3.32 $ 3.24 $ 8.70 $ 7.95
Services revenue        
Revenue $ 2,088 $ 2,097 $ 6,290 $ 6,248
Cost of services sold 1,779 1,774 5,344 5,311
Cost of lease & related maintenance and rental        
Cost of services sold 626 646 1,916 1,960
Fuel services revenue        
Revenue 107 111 313 355
Cost of services sold $ 101 $ 108 $ 299 $ 344