Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Components of Comprehensive Income, Net of Related Tax

The components of comprehensive income were as follows:

Three Months Ended March 31,	2013			2012
Net income	$	236.1		$	327.3
Other comprehensive income:
Derivative contracts, net of tax of $(1.1) and $.4		2.1			(1.0	)
Marketable securities, net of tax of $.1 and $(.2)		(.2	)		.3
Employee benefit plans, net of tax of $(6.7) and $(1.9)		14.6			4.5
Currency translation (losses) gains		(96.0	)		91.3
Net other comprehensive (loss) income		(79.5	)		95.1
Comprehensive income	$	156.6		$	422.4

Changes in Accumulated Other Comprehensive Income by Component

The components of accumulated other comprehensive (loss)/income (AOCI) as of March 31, 2013 and December 31, 2012 and the changes in AOCI during the three months ended March 31, 2013 by component* are as follows:

	Gains and (Losses)  on Cash Flow Hedges			Unrealized Gains and (Losses) on Available-for- Sales Securities			Defined Benefit Pension Plans			Foreign Currency Translation			Total
Balance at December 31, 2012	$	(27.2	)	$	6.6		$	(496.5	)	$	357.6		$	(159.5	)
Amounts recorded in AOCI		14.9			(.2	)		7.3			(96.0	)		(74.0	)
Amounts reclassified out of AOCI		(12.8	)					7.3						(5.5	)
Net current period OCI		2.1			(.2	)		14.6			(96.0	)		(79.5	)
Balance at March 31, 2013	$	(25.1	)	$	6.4		$	(481.9	)	$	261.6		$	(239.0	)

*All amounts are net of tax. Amounts in parentheses indicate reductions in the AOCI component of stockholders’ equity.

Reclassifications Out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI during the three months ended March 31, 2013 are as follows:

AOCI Components	Line Item in the Consolidated Statement of Comprehensive Income	Amount Reclassified Out of AOCI**
Gains and Losses on cash flow hedges
Truck, Parts and Other:
Foreign-exchange contracts	Cost of sales and revenue	$	(2.3	)
	Interest and other (income) expense, net		(.2	)
Financial Services:
Interest-rate contracts	Interest and other borrowing expenses		(15.6	)
	Pre-tax expense reduction		(18.1	)
	Tax expense		5.3
	After-tax expense reduction		(12.8	)
Defined benefit pension plans
Truck, Parts and Other:
Prior service costs	Cost of sales and revenue	$	.3
Actuarial loss	Cost of sales and revenue $5.7, SG&A $4.8		10.5
Financial Services:
Actuarial loss	SG&A		.4
	Pre-tax expense		11.2
	Tax benefit		(3.9	)
	After-tax expense		7.3
Total reclassifications out of AOCI		$	(5.5	)

** Amounts in parentheses indicate reductions in expenses in the Consolidated Statements of Comprehensive Income. Amounts without parenthesis indicate expenses in the Consolidated Statements of Comprehensive Income.