Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (Unaudited)

quarterly results (unaudited)

		QUARTER
		FIRST		SECOND		THIRD		FOURTH
		(millions except per share data)
	2018
Truck, Parts and Other:
Net sales and revenues		$	5,321.8	$	5,467.2	$	5,416.9	$	5,932.7
Cost of sales and revenues			4,535.5		4,647.3		4,653.6		5,088.6
Research and development			76.0		76.7		72.9		80.5
Financial Services:
Revenues			332.2		338.0		339.9		347.0
Interest and other borrowing expenses			41.3		45.7		49.0		50.9
Depreciation and other expenses			186.4		185.5		178.5		177.6
Net Income			512.1		559.6		545.3		578.1
Net Income Per Share:
Basic		$	1.45	$	1.59	$	1.55	$	1.66
Diluted			1.45		1.59		1.55		1.65

	2017
Truck, Parts and Other:
Net sales and revenues		$	3,935.7	$	4,397.9	$	4,731.5	$	5,122.4
Cost of sales and revenues			3,390.9		3,764.0		4,055.6		4,418.4
Research and development			61.0		66.1		67.0		70.6
Financial Services:
Revenues			302.2		306.3		328.2		332.2
Interest and other borrowing expenses			34.1		37.4		38.3		39.8
Depreciation and other expenses			179.7		172.8		186.2		188.8
Net Income			310.3		373.0		402.7		589.2
Adjusted Net Income *									415.8
Net Income Per Share:
Basic **		$	.88	$	1.06	$	1.14	$	1.67
Diluted			.88		1.06		1.14		1.67
Adjusted Diluted *									1.18

* See Reconciliation of GAAP to Non-GAAP Financial Measures for 2017 on pages 33-34.

** The sum of quarterly per share amounts do not equal per share amounts reported for year-to-date periods. This is due to changes in the number of weighted shares outstanding and the effects of rounding for each period.