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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Lease & related maintenance and rental revenue $ 960 $ 986 $ 2,844 $ 2,941
Total revenue 3,168 2,924 9,447 8,760
Selling, general and administrative expenses 368 347 1,113 1,053
Non-operating pension costs, net 10 10 31 30
Used vehicle sales, net (15) (47) (54) (174)
Interest expense 98 75 286 212
Miscellaneous income, net (10) (5) (29) (36)
Currency translation adjustment loss 0 0 0 188
Restructuring and other items, net 1 4 5 (22)
Total expenses 2,980 2,711 8,967 8,302
Earnings from continuing operations before income taxes 188 213 480 458
Provision for income taxes 45 53 126 176
Earnings from continuing operations 143 160 354 282
(Loss) earnings from discontinued operations, net of taxes (1) 1 0 0
Net earnings $ 142 $ 161 $ 354 $ 282
Earnings (loss) per common share — Basic        
Continuing operations (in dollars per share) $ 3.32 $ 3.51 $ 8.11 $ 6.11
Discontinued operations (in dollars per share) (0.01) 0.03 0 0.01
Net earnings (in dollars per share) 3.30 3.55 8.11 6.12
Earnings (loss) per common share — Diluted        
Continuing operations (in dollars per share) 3.25 3.44 7.96 6.01
Discontinued operations (in dollars per share) (0.01) 0.03 0 0.01
Net earnings (in dollars per share) $ 3.24 $ 3.47 $ 7.95 $ 6.02
Services revenue        
Revenue $ 2,097 $ 1,799 $ 6,248 $ 5,399
Cost of services sold 1,774 1,524 5,311 4,638
Fuel services revenue        
Revenue 111 139 355 420
Cost of services sold 108 137 344 412
Cost of lease & related maintenance and rental        
Cost of services sold $ 646 $ 666 $ 1,960 $ 2,001