CONSOLIDATED INCOME STATEMENT - USD ($) $ in Millions	3 Months Ended
Mar. 31, 2020	Mar. 31, 2019
Revenue
Financing revenue	$ 278	$ 404
Operating lease revenue	58	78
Total revenue	337	482
Financing cost (related party cost of $49 in 2020 and $74 in 2019)	105	160
Depreciation of equipment under operating lease	31	45
Net margin	201	277
Expense and other (income)
Selling, general and administrative	74	97
Provision for credit losses	19	4
Other (income) and expense	(21)	(18)
Total expense and other (income)	72	83
Income before income taxes	128	193
Provision for/(benefit from) income taxes	(13)	150
Net income	$ 141	$ 43

The aggregate amount of both recurring costs and income associated with normal operations (except for the portion of these expenses which can be clearly related to production and included in cost of sales, services or financing) and expense (income) from ancillary business-related activities. Includes selling, general and administrative expense, research, development and engineering expense, intellectual property and custom development income and interest and debt related expenses (except those related to the financing activities of the entity).

No definition available.