XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Lease & related maintenance and rental revenue $ 979 $ 1,025
Total revenue 2,952 2,854
Selling, general and administrative expenses 363 342
Non-operating pension costs, net 10 3
Used vehicle sales, net (72) (113)
Interest expense 65 52
Miscellaneous income, net (20) 0
Restructuring and other items, net (25) 14
Total expenses 2,751 2,602
Earnings from continuing operations before income taxes 201 252
Provision for income taxes 61 76
Earnings from continuing operations 140 176
Loss from discontinued operations, net of tax (1) 0
Net earnings $ 139 $ 176
Earnings (loss) per common share — Basic    
Continuing operations (in dollars per share) $ 3.00 $ 3.42
Discontinued operations (in dollars per share) (0.01) 0
Net earnings (in dollars per share) 2.99 3.42
Earnings (loss) per common share — Diluted    
Continuing operations (in dollars per share) 2.95 3.35
Discontinued operations (in dollars per share) (0.01) 0
Net earnings (in dollars per share) $ 2.94 $ 3.35
Services revenue    
Revenue $ 1,821 $ 1,670
Cost of services sold 1,607 1,450
Fuel services revenue    
Revenue 152 159
Cost of services sold 149 155
Cost of lease & related maintenance and rental    
Cost of services sold $ 674 $ 699