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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 25,599.7 $ 23,495.7 $ 19,456.4
Provision for losses on receivables 15.4 16.5 22.3
Investment income 82.3 60.9 35.3
Income before income taxes 3,099.2 2,810.2 2,173.3
Income taxes 711.3 615.1 498.1
Net Income $ 2,387.9 $ 2,195.1 $ 1,675.2
Net Income Per Share      
Basic $ 6.88 $ 6.25 $ 4.76
Diluted $ 6.87 $ 6.24 $ 4.75
Weighted Average Number of Common Shares Outstanding      
Basic 346.9 351.0 351.9
Diluted 347.5 351.8 352.9
Truck, Parts and Other      
Net sales and revenues $ 24,119.7 $ 22,138.6 $ 18,187.5
Cost of sales and revenues 20,555.6 18,925.0 15,628.9
Research and development 326.6 306.1 264.7
Selling, general and administrative 561.5 524.9 464.0
Interest and other (income), net (42.0) (60.8) (46.4)
Costs and Expenses, Total 21,401.7 19,695.2 16,311.2
Income before income taxes 2,718.0 2,443.4 1,876.3
Financial Services      
Interest and fees 583.0 497.7 431.1
Operating lease, rental and other revenues 897.0 859.4 837.8
Revenues 1,480.0 1,357.1 1,268.9
Interest and other borrowing expenses 230.5 186.9 149.6
Depreciation and other expenses 798.2 728.0 727.5
Selling, general and administrative 137.0 119.8 107.8
Provision for losses on receivables 15.4 16.5 22.3
Costs and Expenses, Total 1,181.1 1,051.2 1,007.2
Income before income taxes $ 298.9 $ 305.9 $ 261.7