PACCAR 2011 Annual Report Download - page 80

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2011, 2010 and 2009 (currencies in millions)
R. SEGMENT AND RELATED INFORMATION
PACCAR operates in two principal segments, Truck and Financial Services.
The Truck segment includes the manufacture of trucks and the distribution of related aftermarket parts, both of
which are sold through a network of independent dealers. This segment derives a large proportion of its revenues
and operating profits from operations in North America and Europe.
The Financial Services segment is composed of finance and leasing products and services provided to truck
customers and dealers. Revenues are primarily generated from operations in North America and Europe.
Included in All Other is PACCAR’s industrial winch manufacturing business. Also within this category are other
sales, income and expenses not attributable to a reportable segment, including a portion of corporate expense.
Intercompany interest income on cash advances to the financial services companies is included in All Other and was
$.6 for 2011 and nil for 2010 and 2009. Included in All Other income before income taxes of $42.2 in 2009 was
$66.0 of curtailment gains and $22.2 of expense related to economic hedges. Geographic revenues from external
customers are presented based on the country of the customer.
PACCAR evaluates the performance of its Truck segment based on operating profits, which excludes investment
income, other income and expense and income taxes. The Financial Services segment’s performance is evaluated
based on income before income taxes.
Geographic Area Data 2011 2010 2009
Revenues:
United States $ 7,389.8 $ 4,195.8 $ 3,594.4
Europe 5,104.0 3,472.3 2,828.3
Other 3,861.4 2,624.8 1,663.8
$ 16,355.2 $ 10,292.9 $ 8,086.5
Property, plant and equipment, net:
United States $ 1,059.1 $ 846.4 $ 814.6
The Netherlands 467.1 381.6 452.8
Other 447.1 445.7 490.3
$ 1,973.3 $ 1,673.7 $ 1,757.7
Equipment on operating leases, net:
United States $ 871.2 $ 666.9 $ 686.6
United Kingdom 374.8 384.9 349.7
Germany 350.6 334.0 362.7
Other 793.2 633.5 618.0
$ 2,389.8 $ 2,019.3 $ 2,017.0
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