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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES:    
Net Income $ 1,818.9 $ 3,290.0
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization, Property, plant and equipment 297.3 300.2
Depreciation and amortization, Other assets 320.9 393.5
Provision for losses on financial services receivables 84.0 50.2
Deferred taxes 310.2 (67.8)
Other, net 52.0 49.2
Pension contributions (19.3) (34.7)
Change in operating assets and liabilities:    
Trade and other receivables (25.2) (36.7)
Wholesale receivables on new trucks 714.9 (837.4)
Inventories 189.7 (86.3)
Accounts payable and accrued expenses (157.9) 499.0
Income taxes, warranty and other (314.0) (324.0)
Net Cash Provided by Operating Activities 3,271.5 3,195.2
INVESTING ACTIVITIES:    
Originations of retail loans and finance leases (4,484.3) (4,895.9)
Collections on retail loans and finance leases 3,750.7 3,646.6
Net increase in wholesale receivables on equipment (127.2) (16.9)
Purchases of marketable debt securities (1,258.0) (1,356.7)
Proceeds from sales and maturities of marketable debt securities 1,173.5 714.8
Payments for property, plant and equipment (553.1) (605.3)
Acquisitions of equipment for operating leases (467.2) (637.4)
Proceeds from asset disposals 500.3 521.6
Contributions to joint venture (44.7) (125.8)
Other, net (3.4) (0.3)
Net Cash Used in Investing Activities (1,513.4) (2,755.3)
FINANCING ACTIVITIES:    
Payments of cash dividends (2,093.7) (2,131.1)
Purchases of treasury stock (35.2) (4.5)
Proceeds from stock compensation transactions 31.1 45.3
Net (decrease) increase in commercial paper, short-term bank loans and other (1,072.6) 14.3
Proceeds from term debt 2,377.3 3,406.6
Payments on term debt (1,894.7) (2,097.0)
Net Cash Used in Financing Activities (2,687.8) (766.4)
Effect of exchange rate changes on cash and cash equivalents 172.8 (6.0)
Net Decrease in Cash and Cash Equivalents (756.9) (332.5)
Cash and cash equivalents at beginning of period 7,060.8 7,181.7
Cash and cash equivalents at end of period $ 6,303.9 $ 6,849.2