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Consolidated Statements of Income
€ in Millions, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
shares
Dec. 31, 2015
USD ($)
$ / shares
shares
Provision for losses on receivables $ 22.3 $ 18.4 $ 12.4
Investment income 35.3 27.6 21.8
Income before income taxes 2,173.3 1,130.4 2,337.1
Income taxes 498.1 608.7 733.1
Net Income $ 1,675.2 $ 521.7 $ 1,604.0
Net Income Per Share      
Basic | $ / shares $ 4.76 $ 1.49 $ 4.52
Diluted | $ / shares $ 4.75 $ 1.48 $ 4.51
Weighted Average Number of Common Shares Outstanding      
Basic | shares 351.9 351.1 354.6
Diluted | shares 352.9 351.8 355.6
Truck, Parts and Other      
Net sales and revenues $ 18,187.5 $ 15,846.6 $ 17,942.8
Cost of sales and revenues 15,593.7 13,517.7 15,292.1
Research and development 264.7 247.2 239.8
Selling, general and administrative 449.5 440.8 445.9
European Commission charge 0.0 833.0 0.0
Interest and other expense, net 5.6 11.6 12.3
Costs and Expenses, Total 16,313.5 15,050.3 15,990.1
Income before income taxes 1,874.0 796.3 1,952.7
Financial Services      
Interest and fees 431.1 426.2 443.8
Operating lease, rental and other revenues 837.8 760.5 728.5
Revenues 1,268.9 1,186.7 1,172.3
Interest and other borrowing expenses 149.6 127.2 118.0
Depreciation and other expenses 727.5 635.2 583.7
Selling, general and administrative 105.5 99.4 95.6
Provision for losses on receivables 22.3 18.4 12.4
Costs and Expenses, Total 1,004.9 880.2 809.7
Income before income taxes $ 264.0 $ 306.5 $ 362.6