Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following presents quarterly data:

Selected Quarterly Financial Data (dollars in millions)

	Unaudited
	Fourth Quarter			Third Quarter			Second Quarter			First Quarter
For the year ended December 31, 2017
Interest income	$	447.7		$	454.0		$	478.2		$	455.7
Interest expense	168.7			176.7			209.2			163.1
Provision for credit losses	30.4			30.1			4.4			49.7
Rental income on operating leases	252.6			252.3			251.2			251.3
Other non-interest income	137.2			63.3			84.6			79.1
Depreciation on operating lease equipment	74.3			71.1			77.4			73.5
Goodwill Impairment	255.6			—			—			—
Maintenance and other operating lease expenses	57.9			57.9			53.3			53.8
Operating expenses	304.0			277.3			295.6			311.6
Loss on debt extinguishment and deposit redemption	1.7			53.5			164.8			—
Provision (benefit) for income taxes	27.7			(119.8		)	(31.9		)	56.2
(Loss) income from discontinued operations, net of taxes	(5.2		)	(3.2		)	115.5			101.7
Net (loss) income	$	(88.0	)	$	219.6		$	156.7		$	179.9
Net Income (loss) applicable to common shareholders	$	(97.8	)	$	219.6		$	156.7		$	179.9
Income (loss) from continuing operations applicable to common shareholders	$	(92.6	)	$	222.8		$	41.2		$	78.2
Net (loss) income per diluted share	$	(0.74	)	$	1.61		$	0.85		$	0.88
For the year ended December 31, 2016
Interest income	$	474.1		$	475.7		$	478.7		$	482.9
Interest expense	178.3			188.2			191.6			195.0
Provision for credit losses	36.7			45.1			23.3			89.5
Rental income on operating leases	252.2			254.3			261.0			264.1
Other non-interest income	(117.6		)	83.6			99.8			84.8
Depreciation on operating lease equipment	69.8			66.9			63.1			61.3
Maintenance and other operating lease expenses	57.5			56.6			50.6			48.9
Goodwill Impairment	354.2			—			—			—
Operating expenses	341.3			302.9			309.3			330.1
Loss on debt extinguishment and deposit redemption	3.3			5.2			2.4			1.6
Provision (benefit) for income taxes	(6.6		)	54.5			111.2			44.4
Income (loss) from discontinued operation, net of taxes	(716.7		)	37.3			(71.0		)	85.0
Net income (loss)	$	(1,142.5	)	$	131.5		$	17.0		$	146.0
Net Income (loss) applicable to common shareholders	$	(1,142.5	)	$	131.5		$	17.0		$	146.0
Income (loss) from continuing operations applicable to common shareholders	$	(425.8	)	$	94.2		$	88.0		$	61.0
Net income (loss) per diluted share	$	(5.65	)	$	0.65		$	0.08		$	0.72