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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY INFORMATION (UNAUDITED) QUARTERLY INFORMATION (UNAUDITED)
 
 
 
 
 
Earnings (Loss) from Continuing Operations Before Income Taxes
 
Earnings (Loss) from
Continuing Operations
 
 
 
Earnings (Loss) from
Continuing
Operations per
Common Share
 
Net Earnings (Loss) per
Common Share
 
 
Revenue
 
 
 
Net Earnings (Loss)
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
(In thousands, except per share amounts)
2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First quarter
 
$
2,180,327

 
$
68,151

 
$
45,890

 
$
45,316

 
$
0.87

 
$
0.87

 
$
0.86

 
$
0.86

Second quarter
 
2,244,993

 
103,069

 
75,452

 
75,215

 
1.44

 
1.43

 
1.43

 
1.43

Third quarter
 
2,223,932

 
(91,260
)
 
(91,538
)
 
(91,455
)
 
(1.75
)
 
(1.75
)
 
(1.75
)
 
(1.75
)
Fourth quarter
 
2,276,549

 
(122,231
)
 
(53,076
)
 
(53,486
)
 
(1.02
)
 
(1.02
)
 
(1.02
)
 
(1.02
)
Full year
 
$
8,925,801

 
$
(42,271
)
 
$
(23,272
)
 
$
(24,410
)
 
$
(0.45
)
 
$
(0.45
)
 
$
(0.47
)
 
$
(0.47
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First quarter
 
$
1,904,205

 
$
52,699

 
$
37,313

 
$
36,886

 
$
0.71

 
$
0.70

 
$
0.70

 
$
0.70

Second quarter
 
2,089,904

 
101,894

 
46,169

 
44,908

 
0.88

 
0.87

 
0.85

 
0.85

Third quarter
 
2,159,682

 
118,863

 
91,602

 
90,842

 
1.74

 
1.73

 
1.73

 
1.72

Fourth quarter
 
2,260,155

 
116,013

 
111,838

 
111,977

 
2.13

 
2.12

 
2.13

 
2.12

Full year
 
$
8,413,946

 
$
389,469

 
$
286,922

 
$
284,613

 
$
5.46

 
$
5.43

 
$
5.41

 
$
5.38



Quarterly and year-to-date computations of per share amounts are made independently; therefore, the sum of per-share amounts for the quarters may not equal per-share amounts for the year.

Refer to Note 5, “Restructuring and Other Items, Net,” and Note 22, “Other Items Impacting Comparability,” for items included in earnings during 2019 and 2018.

Refer to Note 7, "Revenue Earning Equipment, Net" for further discussion on adjustments to the estimated residual values on revenue earning equipment that impacted earnings in the third and fourth quarter of 2019.