CONSOLIDATED INCOME STATEMENT - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue
Financing revenue	$ 225	$ 339	$ 503	$ 743
Operating lease revenue	54	70	112	149
Total revenue	279	410	615	892
Financing cost (related party cost for the three and six months: $35 and $84 in 2020, $58 and $131 in 2019)	73	137	178	297
Depreciation of equipment under operating lease	28	43	59	88
Net margin	177	230	378	507
Expense and other (income)
Selling, general and administrative	77	97	151	194
Provision for/(benefit from) credit losses	27	(8)	45	(4)
Other (income) and expense	(31)	5	(51)	(13)
Total expense and other (income)	74	94	145	178
Income before income taxes	104	136	232	330
Provision for income taxes	15	23	2	173
Net income	$ 89	$ 113	$ 231	$ 156

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.