Debt (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Assets and Liabilities held by SPE

Below are the assets and liabilities held by the consolidated SPE, which are included in our Condensed Consolidated Balance Sheet:


	September 30, 2020
Assets held by SPE
Finance receivables, net	$	132
Finance receivables due after one year, net	182
Equipment on operating leases, net	9
Total Assets	$	323
Liabilities held by SPE
Current portion of long-term debt, net(1)	$	158
Long term debt, net(2)	157
Total Liabilities	$	315

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(1)Amounts net of unamortized debt issuance costs of $1.

(2)Amounts net of unamortized debt issuance costs of $1.

Schedule of Interest Expense and Income

Interest expense and income were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest expense(1)	$	59	$	60	$	158	$	179
Interest income(2)	56		62		182		193

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(1)Includes Cost of financing as well as non-financing interest expense that is included in Other expenses, net in the Condensed Consolidated Statements of Income.

(2)Includes Financing revenue as well as other interest income that is included in Other expenses, net in the Condensed Consolidated Statements of Income.