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Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data
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