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Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Pre-Tax Income (Loss)

The following table presents segment data. The 2015 include results of OneWest Bank's operations for approximately five months compared to a full year in 2016.

Segment Pre-tax Income (Loss) (dollars in millions)
For the year ended December 31, 2017
Commercial
Banking
 
Consumer
Banking
 
Non-Strategic
Portfolios
 
Corporate &
Other
 
Total CIT
Interest income
$
1,248.0

 
$
378.1

 
$
22.9

 
$
186.6

 
$
1,835.6

Interest expense (benefit)
517.7

 
(51.8
)
 
15.2

 
236.6

 
717.7

Provision for credit losses
88.7

 
25.9

 
—

 
—

 
114.6

Rental income on operating leases
1,007.4

 
—

 
—

 
—

 
1,007.4

Other non-interest income
291.0

 
4.1

 
3.1

 
66.0

 
364.2

Depreciation on operating lease equipment
296.3

 
—

 
—

 
—

 
296.3

Maintenance and other operating lease expenses
222.9

 
—

 
—

 
—

 
222.9

Goodwill impairment
255.6

 
—

 
—

 
—

 
255.6

Operating expenses / loss on debt extinguishment
691.7

 
401.5

 
12.7

 
302.6

 
1,408.5

Income (loss) from continuing operations before provision (benefit) for income taxes
$
473.5

 
$
6.6

 
$
(1.9
)
 
$
(286.6
)
 
$
191.6

Select Period End Balances
 
 
 
 
 
 
 
 
 
Loans
$
23,159.3

 
$
5,954.6

 
$
—

 
$
—

 
$
29,113.9

Credit balances of factoring clients
(1,468.6
)
 
—

 
—

 
—

 
(1,468.6
)
Assets held for sale
1,334.2

 
865.6

 
63.3

 
—

 
2,263.1

Operating lease equipment, net
6,738.9

 
—

 
—

 
—

 
6,738.9

For the year ended December 31, 2016
   
 
   
 
   
 
   
 
   
Interest income
$
1,287.9

 
$
420.8

 
$
80.8

 
$
122.0

 
$
1,911.5

Interest expense
519.1

 
10.2

 
47.2

 
176.7

 
753.2

Provision for credit losses
183.1

 
11.7

 
(0.1
)
 
—

 
194.7

Rental income on operating leases
1,020.0

 
—

 
11.6

 
—

 
1,031.6

Other non-interest income
293.8

 
40.0

 
52.1

 
(235.3
)
 
150.6

Depreciation on operating lease equipment
261.1

 
—

 
—

 
—

 
261.1

Maintenance and other operating lease expenses
213.6

 
—

 
—

 
—

 
213.6

Goodwill impairment
34.8

 
319.4

 
—

 
—

 
354.2

Operating expenses / loss on debt extinguishment
761.6

 
380.9

 
42.2

 
111.3

 
1,296.0

Income (loss) from continuing operations before provision (benefit) for income taxes
$
628.4

 
$
(261.4
)
 
$
55.2

 
$
(401.3
)
 
$
20.9

Select Period End Balances
   
 
   
 
   
 
   
 
   
Loans
$
22,562.3

 
$
6,973.6

 
$
—

 
$
—

 
$
29,535.9

Credit balances of factoring clients
(1,292.0
)
 
—

 
—

 
—

 
(1,292.0
)
Assets held for sale
357.7

 
68.2

 
210.1

 
—

 
636.0

Operating lease equipment, net
7,486.1

 
—

 
—

 
—

 
7,486.1

 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Interest income
$
1,029.1

 
$
176.1

 
$
184.8

 
$
55.2

 
$
1,445.2

Interest expense
481.4

 
24.9

 
121.4

 
103.7

 
731.4

Provision for credit losses
143.7

 
8.7

 
6.2

 
—

 
158.6

Rental income on operating leases
981.4

 
—

 
36.7

 
—

 
1,018.1

Other non-interest income
302.6

 
5.4

 
(96.8
)
 
(61.6
)
 
149.6

Depreciation on operating lease equipment
218.3

 
—

 
10.9

 
—

 
229.2

Maintenance and other operating lease costs
185.1

 
—

 
—

 
—

 
185.1

Operating expenses / loss on debt extinguishment
727.4

 
158.4

 
123.9

 
112.9

 
1,122.6

Income (loss) from continuing operations before provision (benefit) for income taxes
$
557.2

 
$
(10.5
)
 
$
(137.7
)
 
$
(223.0
)
 
$
186.0

Select Period End Balances
   
 
   
 
   
 
 
 
   
Loans
$
23,332.4

 
$
7,186.3

 
$
—

 
$
—

 
$
30,518.7

Credit balances of factoring clients
(1,344.0
)
 
—

 
—

 
—

 
(1,344.0
)
Assets held for sale
435.1

 
45.1

 
1,577.5

 
—

 
2,057.7

Operating lease equipment, net
6,851.7

 
—

 
—

 
—

 
6,851.7
Geographic Region
The following table presents information by major geographic region based upon the location of the Company's legal entities.

Geographic Region (dollars in millions)

 
 
Total Assets(1)
 
Total Revenue
from continuing
operations
 
 Income (Loss)
from continuing
operations before
provision (benefit)
for income taxes
 
Income (loss)
from continuing
operations before
attribution of
noncontrolling
interests
U.S.
2017
$
46,825.9

 
$
3,046.1

 
$
251.9

 
$
287.3

 
2016
53,252.9

 
2,755.6

 
157.5

 
99.3

 
2015
55,491.1

 
2,084.5

 
227.6

 
876.7

Europe
2017
1,424.0

 
119.6

 
(34.5
)
 
(19.8
)
 
2016
8,575.7

 
139.7

 
(189.2
)
 
(246.8
)
 
2015
8,351.8

 
125.0

 
(227.6
)
 
(304.6
)
Other foreign
2017
1,028.8

 
41.5

 
(25.8
)
 
(8.1
)
 
2016
2,341.6

 
198.4

 
52.6

 
(35.1
)
 
2015
3,549.0

 
403.4

 
186.0

 
151.9

Total consolidated
2017
49,278.7

 
3,207.2

 
191.6

 
259.4

 
2016
64,170.2

 
3,093.7

 
20.9

 
(182.6
)
 
2015
67,391.9

 
2,612.9

 
186.0

 
724.0


(1) 
Includes Assets of discontinued operation of $501.3 million at December 31, 2017, $13,220.7 million at December 31, 2016 and $13,059.6 million at December 31, 2015.