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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)

 

 

QUARTER

 

 

 

FIRST

 

 

SECOND

 

 

THIRD

 

 

FOURTH

 

 

 

(millions except per share data)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Truck, Parts and Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales and revenues

 

$

6,138.1

 

 

$

6,266.5

 

 

$

6,004.2

 

 

$

5,710.9

 

Cost of sales and revenues

 

 

5,217.1

 

 

 

5,341.7

 

 

 

5,106.8

 

 

 

4,890.0

 

Research and development

 

 

78.3

 

 

 

82.5

 

 

 

82.2

 

 

 

83.6

 

Financial Services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

349.5

 

 

 

361.4

 

 

 

362.8

 

 

 

406.3

 

Interest and other borrowing expenses

 

 

53.4

 

 

 

60.0

 

 

 

59.6

 

 

 

57.5

 

Depreciation and other expenses

 

 

177.4

 

 

 

183.6

 

 

 

195.3

 

 

 

241.9

 

Net Income

 

 

629.0

 

 

 

619.7

 

 

 

607.9

 

 

 

531.3

 

Net Income Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.81

 

 

$

1.79

 

 

$

1.75

 

 

$

1.53

 

Diluted

 

 

1.81

 

 

 

1.78

 

 

 

1.75

 

 

 

1.53

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Truck, Parts and Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales and revenues

 

$

5,321.8

 

 

$

5,467.2

 

 

$

5,416.9

 

 

$

5,932.7

 

Cost of sales and revenues

 

 

4,535.5

 

 

 

4,647.3

 

 

 

4,653.6

 

 

 

5,088.6

 

Research and development

 

 

76.0

 

 

 

76.7

 

 

 

72.9

 

 

 

80.5

 

Financial Services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

 

332.2

 

 

 

338.0

 

 

 

339.9

 

 

 

347.0

 

Interest and other borrowing expenses

 

 

41.3

 

 

 

45.7

 

 

 

49.0

 

 

 

50.9

 

Depreciation and other expenses

 

 

186.4

 

 

 

185.5

 

 

 

178.5

 

 

 

177.6

 

Net Income

 

 

512.1

 

 

 

559.6

 

 

 

545.3

 

 

 

578.1

 

Net Income Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.45

 

 

$

1.59

 

 

$

1.55

 

 

$

1.66

 

Diluted

 

 

1.45

 

 

 

1.59

 

 

 

1.55

 

 

 

1.65