Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segments

Reporting information by segment

SEGMENT INFORMATION

	Client		Commercial		Total
(Dollars in millions)	Financing		Financing		Segments
For the three months ended June 30, 2020:
Total revenue	$	244	$	35	$	279
Pre-tax income		86		18		104
Depreciation of equipment under operating lease		28		—		28
Interest expense		63		9		72
Provision for/(benefit from) credit losses		27		(1)		27
For the three months ended June 30, 2019:
Total revenue	$	292	$	118	$	410
Pre-tax income		96		40		136
Depreciation of equipment under operating lease		43		—		43
Interest expense		96		39		135
Provision for/(benefit from) credit losses		(5)		(3)		(8)

(Amounts may not add due to rounding.)

SEGMENT INFORMATION

	Client		Commercial		Total
(Dollars in millions)	Financing		Financing		Segments
For the six months ended June 30, 2020:
Total revenue	$	522	$	93	$	615
Pre-tax income		182		50		232
Depreciation of equipment under operating lease		59		—		59
Interest expense		145		21		166
Provision for/(benefit from) credit losses		45		0		45
For the six months ended June 30, 2019:
Total revenue	$	614	$	278	$	892
Pre-tax income		213		116		330
Depreciation of equipment under operating lease		88		—		88
Interest expense		193		92		285
Provision for/(benefit from) credit losses		(6)		2		(4)

(Amounts may not add due to rounding.)