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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Reporting Information by Segment |
| Three Months Ended March 31, 2025 |
| Truck |  |  | Parts |  |  | Other |  |  | Truck, Parts and Other |  |  | Financial Services |  |  | Total |
Net sales and revenues | $ | 5,390.8 |  |  | $ | 1,708.7 |  |  | $ | (2.0 | ) |  | $ | 7,097.5 |  |  | $ | 528.0 |  |  | $ | 7,625.5 |
Less intersegment |  | (165.0 | ) |  |  | (18.8 | ) |  |  |  |  |  | (183.8 | ) |  |  |  |  |  | (183.8 | )
External Customers | $ | 5,225.8 |  |  | $ | 1,689.9 |  |  | $ | (2.0 | ) |  | $ | 6,913.7 |  |  | $ | 528.0 |  |  | $ | 7,441.7 |
Cost of sales and revenues |  | 4,716.5 |  |  |  | 1,171.5 |  |  |  | 3.0 |  |  |  | 5,891.0 |  |  |  |  |  |  | 5,891.0 |
Research and development |  | 85.4 |  |  |  | 30.0 |  |  |  |  |  |  | 115.4 |  |  |  |  |  |  | 115.4 |
Selling, general and administrative |  | 57.3 |  |  |  | 60.9 |  |  |  | 25.1 |  |  |  | 143.3 |  |  |  | 38.3 |  |  |  | 181.6 |
Interest and other borrowing expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | 190.6 |  |  |  | 190.6 |
Depreciation and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | 159.7 |  |  |  | 159.7 |
Provision for losses on receivables |  |  |  |  |  |  |  |  |  |  |  |  |  | 18.3 |  |  |  | 18.3 |
Other segment expenses* |  | 1.7 |  |  |  | 1.0 |  |  |  | 323.1 |  |  |  | 325.8 |  |  |  |  |  |  | 325.8 |
| $ | 364.9 |  |  | $ | 426.5 |  |  | $ | (353.2 | ) |  | $ | 438.2 |  |  | $ | 121.1 |  |  | $ | 559.3 |
Investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 83.8 |
Income (loss) before income taxes | $ | 364.9 |  |  | $ | 426.5 |  |  | $ | (353.2 | ) |  | $ | 438.2 |  |  | $ | 121.1 |  |  | $ | 643.1 |
Depreciation and amortization | $ | 90.9 |  |  | $ | 4.3 |  |  | $ | 6.1 |  |  | $ | 101.3 |  |  | $ | 103.8 |  |  | $ | 205.1 |
Expenditures for long-lived assets | $ | 162.1 |  |  | $ | 3.3 |  |  | $ | 14.7 |  |  | $ | 180.1 |  |  | $ | 152.5 |  |  | $ | 332.6 |
* In the first quarter of 2025, Other includes a $350.0 million charge related to civil litigation in Europe (EC-related claims) which is discussed in Note M.
| Three Months Ended March 31, 2024 |
| Truck |  |  | Parts |  |  | Other |  |  | Truck, Parts and Other |  |  | Financial Services |  |  | Total |
Net sales and revenues | $ | 6,678.9 |  |  | $ | 1,695.3 |  |  | $ | 18.1 |  |  | $ | 8,392.3 |  |  | $ | 509.3 |  |  | $ | 8,901.6 |
Less intersegment |  | (137.9 | ) |  |  | (19.4 | ) |  |  |  |  |  | (157.3 | ) |  |  |  |  |  | (157.3 | )
External Customers | $ | 6,541.0 |  |  | $ | 1,675.9 |  |  | $ | 18.1 |  |  | $ | 8,235.0 |  |  | $ | 509.3 |  |  | $ | 8,744.3 |
Cost of sales and revenues |  | 5,521.2 |  |  |  | 1,130.9 |  |  |  | 21.7 |  |  |  | 6,673.8 |  |  |  |  |  |  | 6,673.8 |
Research and development |  | 78.1 |  |  |  | 27.2 |  |  |  | .2 |  |  |  | 105.5 |  |  |  |  |  |  | 105.5 |
Selling, general and administrative |  | 61.7 |  |  |  | 61.3 |  |  |  | 24.6 |  |  |  | 147.6 |  |  |  | 39.0 |  |  |  | 186.6 |
Interest and other borrowing expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | 160.0 |  |  |  | 160.0 |
Depreciation and other expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | 180.3 |  |  |  | 180.3 |
Provision for losses on receivables |  |  |  |  |  |  |  |  |  |  |  |  |  | 16.1 |  |  |  | 16.1 |
Other segment (income) expenses |  | (1.6 | ) |  |  | .7 |  |  |  | (26.1 | ) |  |  | (27.0 | ) |  |  |  |  |  | (27.0 | )
| $ | 881.6 |  |  | $ | 455.8 |  |  | $ | (2.3 | ) |  | $ | 1,335.1 |  |  | $ | 113.9 |  |  | $ | 1,449.0 |
Investment income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 85.5 |
Income (loss) before income taxes | $ | 881.6 |  |  | $ | 455.8 |  |  | $ | (2.3 | ) |  | $ | 1,335.1 |  |  | $ | 113.9 |  |  | $ | 1,534.5 |
Depreciation and amortization | $ | 99.6 |  |  | $ | 3.8 |  |  | $ | 6.0 |  |  | $ | 109.4 |  |  | $ | 125.6 |  |  | $ | 235.0 |
Expenditures for long-lived assets | $ | 149.7 |  |  | $ | 5.5 |  |  | $ | 11.2 |  |  | $ | 166.4 |  |  | $ | 158.3 |  |  | $ | 324.7 |
| March 31 |  |  | December 31 |
Business Segment Data | 2025 |  |  | 2024 |
Segment Assets: |  |  |  |  |
Truck | $ | 8,051.1 |  |  | $ | 7,563.3 |
Parts |  | 2,207.9 |  |  |  | 2,097.0 |
Other |  | 1,620.5 |  |  |  | 1,697.2 |
Cash and marketable securities |  | 8,100.0 |  |  |  | 9,649.9 |
|  | 19,979.5 |  |  |  | 21,007.4 |
Financial services |  | 22,745.2 |  |  |  | 22,411.5 |
| $ | 42,724.7 |  |  | $ | 43,418.9 |

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