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Borrowings And Credit Arrangements (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Financial Services Borrowings

Financial Services borrowings include the following:

 

 

 

2017

 

 

2016

 

 

 

EFFECTIVE

 

 

 

 

 

 

EFFECTIVE

 

 

 

 

 

At December 31,

 

RATE

 

 

BORROWINGS

 

 

RATE

 

 

BORROWINGS

 

Commercial paper

 

 

1.3

%

 

$

2,723.7

 

 

 

.7

%

 

$

2,242.5

 

Bank loans

 

 

6.9

%

 

 

210.2

 

 

 

5.5

%

 

 

205.0

 

 

 

 

 

 

 

 

2,933.9

 

 

 

 

 

 

 

2,447.5

 

Term notes

 

 

1.7

%

 

 

5,945.5

 

 

 

1.5

%

 

 

6,027.7

 

 

 

 

1.7

%

 

$

8,879.4

 

 

 

1.4

%

 

$

8,475.2

 

 

Annual Maturities of Financial Services Borrowings

The annual maturities of the Financial Services borrowings are as follows:

 

 

 

COMMERCIAL

 

 

BANK

 

 

TERM

 

 

 

 

 

Beginning January 1, 2018

 

PAPER

 

 

LOANS

 

 

NOTES

 

 

TOTAL

 

2018

 

$

2,725.5

 

 

$

57.1

 

 

$

1,693.1

 

 

$

4,475.7

 

2019

 

 

 

 

 

 

27.8

 

 

 

1,785.4

 

 

 

1,813.2

 

2020

 

 

 

 

 

 

74.8

 

 

 

1,610.3

 

 

 

1,685.1

 

2021

 

 

 

 

 

 

50.5

 

 

 

575.8

 

 

 

626.3

 

2022

 

 

 

 

 

 

 

 

 

 

300.0

 

 

 

300.0

 

 

 

$

2,725.5

 

 

$

210.2

 

 

$

5,964.6

 

 

$

8,900.3