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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Lease & related maintenance and rental revenue $ 986 $ 1,044 $ 2,941 $ 3,119
Total revenue 2,924 3,035 8,760 8,923
Selling, general and administrative expenses 347 350 1,053 1,053
Non-operating pension costs, net 10 3 30 8
Used vehicle sales, net (47) (113) (174) (356)
Interest expense 75 57 212 165
Miscellaneous income, net (5) (9) (36) (23)
Currency translation adjustment loss 0 0 188 0
Restructuring and other items, net 4 (4) (22) 21
Total expenses 2,711 2,701 8,302 7,999
Earnings from continuing operations before income taxes 213 334 458 924
Provision for income taxes 53 87 176 261
Earnings from continuing operations 160 247 282 663
Earnings (loss) from discontinued operations, net of tax 1 (1) 0 (2)
Net earnings $ 161 $ 246 $ 282 $ 661
Earnings (loss) per common share — Basic        
Continuing operations (in dollars per share) $ 3.51 $ 4.92 $ 6.11 $ 13.12
Discontinued operations (in dollars per share) 0.03 (0.01) 0.01 (0.03)
Net earnings (in dollars per share) 3.55 4.91 6.12 13.09
Earnings (loss) per common share — Diluted        
Continuing operations (in dollars per share) 3.44 4.82 6.01 12.86
Discontinued operations (in dollars per share) 0.03 (0.01) 0.01 (0.03)
Net earnings (in dollars per share) $ 3.47 $ 4.82 $ 6.02 $ 12.82
Services revenue        
Revenue $ 1,799 $ 1,811 $ 5,399 $ 5,258
Cost of services sold 1,524 1,550 4,638 4,523
Fuel services revenue        
Revenue 139 180 420 546
Cost of services sold 137 176 412 530
Cost of lease & related maintenance and rental        
Cost of services sold $ 666 $ 691 $ 2,001 $ 2,078