2018 Q1 Form 10-K Financial Statement

#000156459019003670 Filed on February 21, 2019

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q3
Revenue $5.654B $5.455B $5.060B
YoY Change 33.42% 34.0% 19.07%
Cost Of Revenue $4.534B $4.411B $4.046B
YoY Change 34.19% 35.95% 20.02%
Gross Profit $1.120B $1.044B $1.014B
YoY Change 30.35% 26.33% 15.46%
Gross Profit Margin 19.8% 19.14% 20.03%
Selling, General & Admin $172.9M $148.9M $145.4M
YoY Change 18.18% 7.2% 6.29%
% of Gross Profit 15.44% 14.26% 14.35%
Research & Development $76.00M $70.60M $67.00M
YoY Change 24.59% 4.44% 13.18%
% of Gross Profit 6.79% 6.76% 6.61%
Depreciation & Amortization $93.60M $293.2M $286.1M
YoY Change 26.66% 18.46% 14.35%
% of Gross Profit 8.36% 28.08% 28.23%
Operating Expenses $435.3M $408.3M $398.6M
YoY Change 12.48% 9.82% 11.15%
Operating Profit $684.4M $635.8M $614.9M
YoY Change 45.0% 39.83% 18.43%
Interest Expense -$15.00M -$31.50M -$33.10M
YoY Change -36.97% -12.01% 36.21%
% of Operating Profit -2.19% -4.95% -5.38%
Other Income/Expense, Net
YoY Change
Pretax Income $669.4M $604.3M $581.8M
YoY Change 49.35% 44.26% 17.56%
Income Tax $157.3M $188.5M $179.1M
% Of Pretax Income 23.5% 31.19% 30.78%
Net Earnings $512.1M $589.2M $402.7M
YoY Change 65.03% 104.02% 16.32%
Net Earnings / Revenue 9.06% 10.8% 7.96%
Basic Earnings Per Share $1.45 $1.67 $1.14
Diluted Earnings Per Share $1.45 $1.67 $1.14
COMMON SHARES
Basic Shares Outstanding 352.5 351.4M shares
Diluted Shares Outstanding 353.5

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.551B $3.732B $3.529B
YoY Change 19.52% 22.08% 23.09%
Cash & Equivalents $2.504B $2.365B $2.313B
Short-Term Investments $1.047B $1.367B $1.216B
Other Short-Term Assets $397.0M $404.0M $252.0M
YoY Change 77.23% 78.76% 15.6%
Inventory $1.068B $928.0M $983.0M
Prepaid Expenses
Receivables $1.469B $1.128B $1.324B
Other Receivables $10.10B $9.697B $9.549B
Total Short-Term Assets $16.59B $15.89B $15.64B
YoY Change 17.78% 15.9% 11.59%
LONG-TERM ASSETS
Property, Plant & Equipment $5.975B $2.464B $6.474B
YoY Change -0.25% 9.04% 9.36%
Goodwill $117.4M
YoY Change 13.98%
Intangibles
YoY Change
Long-Term Investments $1.047B $1.367B $1.216B
YoY Change -13.18% 19.81% 12.7%
Other Assets $1.219B $944.0M $993.0M
YoY Change 26.06% -8.53% -4.15%
Total Long-Term Assets $7.194B $7.550B $7.467B
YoY Change 3.43% 8.97% 7.35%
TOTAL ASSETS
Total Short-Term Assets $16.59B $15.89B $15.64B
Total Long-Term Assets $7.194B $7.550B $7.467B
Total Assets $23.78B $23.44B $23.10B
YoY Change 13.03% 13.57% 10.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.527B $3.033B $3.229B
YoY Change 27.65% 24.97% 20.94%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.530B $3.458B $3.234B
YoY Change 27.12% 30.98% 21.08%
LONG-TERM LIABILITIES
Long-Term Debt $9.130B $8.879B $8.832B
YoY Change 9.13% 4.77% 3.54%
Other Long-Term Liabilities $1.934B $2.377B $2.217B
YoY Change -0.41% 27.93% 15.29%
Total Long-Term Liabilities $11.06B $11.26B $11.05B
YoY Change 7.33% 8.93% 5.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.530B $3.458B $3.234B
Total Long-Term Liabilities $11.06B $11.26B $11.05B
Total Liabilities $15.21B $15.39B $15.17B
YoY Change 8.98% 11.03% 8.41%
SHAREHOLDERS EQUITY
Retained Earnings $8.386B $8.369B
YoY Change 9.04% 11.81%
Common Stock $351.8M $351.5M
YoY Change 0.31% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares $0.00
Shareholders Equity $8.567B $8.051B $7.936B
YoY Change
Total Liabilities & Shareholders Equity $23.78B $23.44B $23.10B
YoY Change 13.03% 13.57% 10.18%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $512.1M $589.2M $402.7M
YoY Change 65.03% 104.02% 16.32%
Depreciation, Depletion And Amortization $93.60M $293.2M $286.1M
YoY Change 26.66% 18.46% 14.35%
Cash From Operating Activities $525.3M $893.3M $637.3M
YoY Change -13.96% 10.24% -501.07%
INVESTING ACTIVITIES
Capital Expenditures $98.40M -$502.9M -$427.4M
YoY Change 6.15% -3.4% -18.61%
Acquisitions
YoY Change
Other Investing Activities $319.0M -$322.2M $58.20M
YoY Change 245.61% 163.45% -85.07%
Cash From Investing Activities -$56.10M -$825.1M -$369.2M
YoY Change -83.35% 28.34% 172.88%
FINANCING ACTIVITIES
Cash Dividend Paid $510.1M
YoY Change 73.09%
Common Stock Issuance & Retirement, Net $13.50M
YoY Change
Debt Paid & Issued, Net $508.2M
YoY Change -15.24%
Cash From Financing Activities -339.3M -24.50M 138.5M
YoY Change -23.87% -388.24% 1313.27%
NET CHANGE
Cash From Operating Activities 525.3M 893.3M 637.3M
Cash From Investing Activities -56.10M -825.1M -369.2M
Cash From Financing Activities -339.3M -24.50M 138.5M
Net Change In Cash 129.9M 43.70M 406.6M
YoY Change -175.44% -75.16% -242.97%
FREE CASH FLOW
Cash From Operating Activities $525.3M $893.3M $637.3M
Capital Expenditures $98.40M -$502.9M -$427.4M
Free Cash Flow $426.9M $1.396B $1.065B
YoY Change -17.56% 4.91% 190.74%

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CY2016 pcar Increase Decrease In Residual Value Guarantees And Deferred Revenues
IncreaseDecreaseInResidualValueGuaranteesAndDeferredRevenues
155900000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
91600000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-13700000
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
290100000
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
37600000
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
183800000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2992300000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2715800000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2300800000
CY2018 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
3858900000
CY2017 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
3116800000
CY2016 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
2825900000
CY2018 us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
2914000000
CY2017 us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
2713700000
CY2016 us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
2509800000
CY2018 pcar Increase Decrease In Wholesale Receivables On Used Equipment
IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment
900000
CY2017 pcar Increase Decrease In Wholesale Receivables On Used Equipment
IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment
-5200000
CY2016 pcar Increase Decrease In Wholesale Receivables On Used Equipment
IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment
-9500000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
615900000
CY2017 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
970300000
CY2016 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1031900000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
931500000
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
779500000
CY2016 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1304800000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
457600000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
423400000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
375200000
CY2018 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
1494700000
CY2017 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
1423200000
CY2016 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
1589700000
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
653700000
CY2017 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
470700000
CY2016 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
433800000
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1900000
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-500000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1930700000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1964600000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1564300000
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
804300000
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
558300000
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
829300000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
354400000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70500000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
19300000
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
39300000
CY2016 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
29400000
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
625900000
CY2017 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
352100000
CY2016 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-322800000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2339900000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1670200000
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1994800000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1755300000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1897100000
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1625100000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
71100000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-393800000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-823500000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1071200000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
449000000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-100700000
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-61500000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1915700000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2016400000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3435900000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2364700000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
6777600000
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:left;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates:<font style="font-weight:normal;"> </font><font style="font-weight:normal;font-style:normal;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </font></p>
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2018 pcar Term Used To Calculate Historical Weighted Average Return Rate
TermUsedToCalculateHistoricalWeightedAverageReturnRate
P4Y
CY2018Q4 pcar Estimated Value Of Truck Assets To Be Returned
EstimatedValueOfTruckAssetsToBeReturned
319800000
CY2018 pcar Estimated Truck Sales Returned Liabilities
EstimatedTruckSalesReturnedLiabilities
329300000
CY2018Q4 pcar Commitment Amount To Acquire Asset At Guaranteed Value For Contracts
CommitmentAmountToAcquireAssetAtGuaranteedValueForContracts
705900000
CY2018Q4 pcar Estimated Value Of Parts To Be Returned
EstimatedValueOfPartsToBeReturned
49000000
CY2018 pcar Estimated Parts Sales Returned Liabilities
EstimatedPartsSalesReturnedLiabilities
104500000
CY2018 pcar Amount Of Decrease In Parts Sales
AmountOfDecreaseInPartsSales
21000000
CY2018 pcar Liquid Investments Maximum Maturity Period
LiquidInvestmentsMaximumMaturityPeriod
P90D
CY2018Q4 us-gaap Goodwill
Goodwill
112000000
CY2017Q4 us-gaap Goodwill
Goodwill
117400000
CY2018 us-gaap Revenue Performance Obligation Description Of Returns And Other Similar Obligations
RevenuePerformanceObligationDescriptionOfReturnsAndOtherSimilarObligations
Return rates are estimated by using a historical weighted average return rate over a four-year period.
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8386200000
CY2018Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
20100000
CY2017Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
37900000
CY2018 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0
CY2017 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
1600000
CY2018Q4 us-gaap Other Foreclosed Assets
OtherForeclosedAssets
10800000
CY2017Q4 us-gaap Other Foreclosed Assets
OtherForeclosedAssets
13100000
CY2018 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
75800000
CY2017 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
58300000
CY2016 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
51700000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Year One
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeYearOne
225300000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Year Two
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeYearTwo
216400000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Year Three
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeYearThree
136900000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Year Four
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeYearFour
88600000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Year Five
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeYearFive
24600000
CY2018Q4 pcar Deferred Revenue Extended Warranties And Repair And Maintenance Recognize Thereafter
DeferredRevenueExtendedWarrantiesAndRepairAndMaintenanceRecognizeThereafter
8100000
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
380200000
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
298800000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
699900000
CY2017Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
653900000
CY2018 us-gaap Interest Paid
InterestPaid
166500000
CY2017 us-gaap Interest Paid
InterestPaid
127400000
CY2016 us-gaap Interest Paid
InterestPaid
108200000
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3500800000
CY2018Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
3269000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
18200000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14100000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
9000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5800000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2200000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1200000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
35700000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
30100000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
28800000
CY2018Q4 pcar Standby Letters Of Credit And Surety Bonds
StandbyLettersOfCreditAndSuretyBonds
49900000
CY2018Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
1122300000
CY2018 pcar Commitments Expiration Period
CommitmentsExpirationPeriod
P90D
CY2018Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
132000000
CY2018Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
75000000
CY2018Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
59600000
CY2018Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
58000000
CY2018Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
0
CY2018Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
0
CY2018Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.038
CY2016 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
2200000
CY2018 us-gaap Severance Costs1
SeveranceCosts1
700000
CY2017 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
1900000
CY2017 us-gaap Severance Costs1
SeveranceCosts1
800000
CY2016 us-gaap Severance Costs1
SeveranceCosts1
2000000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2699200000
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2919600000
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.039
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.033
CY2018 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
1200000
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.039
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.063
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.064
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
2820700000
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
2505600000
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
108300000
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
92900000
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
85800000
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
81100000
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
87600000
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
82600000
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
232600000
CY2017 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-154700000
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
39600000
CY2017 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-68600000
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
400000
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
400000
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
2655400000
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2494100000
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
88900000
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
70600000
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-177500000
CY2017 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
369800000
CY2018 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
87600000
CY2017 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
82600000
CY2018 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-44600000
CY2017 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
67300000
CY2018 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
400000
CY2017 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
400000
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
43800000
CY2017Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
98900000
CY2018Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
174700000
CY2017Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
228900000
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
130900000
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
130000000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
-471500000
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
-372900000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
6200000
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
2600000
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Transition Assets Obligations After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetTransitionAssetsObligationsAfterTax
-100000
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Transition Assets Obligations After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetTransitionAssetsObligationsAfterTax
-100000
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
138300000
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
142500000
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
124000000
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
124000000
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
22000000
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
23500000
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
88600000
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
94300000
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
177200000
CY2017 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
159700000
CY2016 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
141700000
CY2018 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1400000
CY2017 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1200000
CY2016 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1200000
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-35300000
CY2017 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-25400000
CY2016 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-27700000
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
53600000
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
40900000
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
70100000
CY2018 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
31800000
CY2017 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
27200000
CY2016 us-gaap Multiemployer Plan Contributions By Employer
MultiemployerPlanContributionsByEmployer
25300000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1775200000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1347800000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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DepreciationAndAmortization
1107500000
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
993100000
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1931800000
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1855100000
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1992400000
CY2016Q4 us-gaap Assets
Assets
20638900000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
559600000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
512100000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
545300000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
578100000
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.55
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
310300000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
373000000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
402700000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
589200000
CY2017Q1 pcar Adjustment Of Net Income Loss
AdjustmentOfNetIncomeLoss
0
CY2017Q2 pcar Adjustment Of Net Income Loss
AdjustmentOfNetIncomeLoss
0
CY2017Q3 pcar Adjustment Of Net Income Loss
AdjustmentOfNetIncomeLoss
0
CY2017Q4 pcar Adjustment Of Net Income Loss
AdjustmentOfNetIncomeLoss
415800000
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.67
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.67
CY2017Q1 pcar Adjustment Of Earnings Per Share Diluted
AdjustmentOfEarningsPerShareDiluted
0.00
CY2017Q2 pcar Adjustment Of Earnings Per Share Diluted
AdjustmentOfEarningsPerShareDiluted
0.00
CY2017Q3 pcar Adjustment Of Earnings Per Share Diluted
AdjustmentOfEarningsPerShareDiluted
0.00
CY2017Q4 pcar Adjustment Of Earnings Per Share Diluted
AdjustmentOfEarningsPerShareDiluted
1.18

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