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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 18,728.5 $ 25,599.7 $ 23,495.7
Provision for losses on receivables 28.8 15.4 16.5
Investment income 35.9 82.3 60.9
Income before income taxes 1,657.9 3,099.2 2,810.2
Income taxes 359.5 711.3 615.1
Net Income $ 1,298.4 $ 2,387.9 $ 2,195.1
Net Income Per Share      
Basic $ 3.74 $ 6.88 $ 6.25
Diluted $ 3.74 $ 6.87 $ 6.24
Weighted Average Number of Common Shares Outstanding      
Basic 346.8 346.9 351.0
Diluted 347.4 347.5 351.8
Truck, Parts and Other      
Net sales and revenues $ 17,154.3 $ 24,119.7 $ 22,138.6
Cost of sales and revenues 15,076.4 20,555.6 18,925.0
Research and development 273.9 326.6 306.1
Selling, general and administrative 459.2 561.5 524.9
Interest and other (income), net (54.1) (42.0) (60.8)
Costs and Expenses, Total 15,755.4 21,401.7 19,695.2
Income before income taxes 1,398.9 2,718.0 2,443.4
Financial Services      
Interest and fees 527.4 583.0 497.7
Operating lease, rental and other revenues 1,046.8 897.0 859.4
Revenues 1,574.2 1,480.0 1,357.1
Interest and other borrowing expenses 192.1 230.5 186.9
Depreciation and other expenses 1,008.0 798.2 728.0
Selling, general and administrative 122.2 137.0 119.8
Provision for losses on receivables 28.8 15.4 16.5
Costs and Expenses, Total 1,351.1 1,181.1 1,051.2
Income before income taxes $ 223.1 $ 298.9 $ 305.9