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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Lease & related maintenance and rental revenue $ 948 $ 976 $ 1,884 $ 1,955
Total revenue 3,182 2,884 6,279 5,836
Selling, general and administrative expenses 368 343 746 706
Non-operating pension costs, net 10 10 21 20
Used vehicle sales, net (19) (55) (39) (127)
Interest expense 96 72 188 137
Miscellaneous income, net (4) (11) (19) (31)
Currency translation adjustment loss 0 188 0 188
Restructuring and other items, net 0 (1) 4 (26)
Total expenses 3,004 2,840 5,987 5,591
Earnings from continuing operations before income taxes 178 44 292 245
Provision for income taxes 52 62 80 123
Earnings (loss) from continuing operations 126 (18) 212 122
Earnings (loss) from discontinued operations, net of taxes 1 0 0 (1)
Net earnings (loss) $ 127 $ (18) $ 212 $ 121
Earnings (loss) per common share — Basic        
Continuing operations (in dollars per share) $ 2.88 $ (0.39) $ 4.81 $ 2.64
Discontinued operations (in dollars per share) 0.01 (0.01) 0.01 (0.02)
Net earnings (loss) (in dollars per share) 2.89 (0.40) 4.82 2.61
Earnings (loss) per common share — Diluted        
Continuing operations (in dollars per share) 2.83 (0.39) 4.72 2.60
Discontinued operations (in dollars per share) 0.01 (0.01) 0.01 (0.02)
Net earnings (loss) (in dollars per share) $ 2.84 $ (0.40) $ 4.73 $ 2.57
Services revenue        
Revenue $ 2,114 $ 1,778 $ 4,151 $ 3,599
Cost of services sold 1,793 1,507 3,536 3,114
Fuel services revenue        
Revenue 120 130 244 282
Cost of services sold 116 126 237 275
Cost of lease & related maintenance and rental        
Cost of services sold $ 644 $ 661 $ 1,313 $ 1,335