XML 43 R56.htm IDEA: XBRL DOCUMENT

Variable Interest Entities - Summary of Assets and Liabilities Related to VIEs (Details) (USD $)
In Thousands, unless otherwise specified

Jun. 30, 2014

Dec. 31, 2013

Securitization Financial Asset For Which Transfer Is Accounted As Sale [Line Items]

Restricted cash

$ 2,007,946

^[1]

$ 1,563,613

Retail installment contracts, net

21,444,601

^[2]

20,219,609

Various other assets

493,187

410,305

7,762,950

^[3]

8,099,773

Various other liabilities

88,681

102,163

Variable Interest Entities

Securitization Financial Asset For Which Transfer Is Accounted As Sale [Line Items]

Restricted cash

1,613,054

1,370,174

Retail installment contracts, net

21,020,328

19,166,392

Leased vehicles, net

3,567,546

2,023,433

Various other assets

901,100

541,469

26,297,908

23,810,950

Various other liabilities

$ 49,983

$ 25,682

[1]	Cash and cash equivalents and restricted cash — The carrying amount of cash and cash equivalents, including restricted cash, approximated fair value at June 30, 2014 and December 31, 2013, due to the short maturity of these instruments and is considered a Level 1 measurement.
[2]	Retail installment contracts held for investment — Retail installment contracts held for investment are carried at amortized cost, net of loan loss allowance. The estimated fair value is calculated based on estimated market rates for similar contracts with similar credit risks and is considered a Level 3 measurement.
[3]	Notes payable — credit facilities — The carrying amount of notes payable related to revolving credit facilities is estimated to approximate fair value as of June 30, 2014 and December 31, 2013. Management believes that the terms of these credit agreements approximate market terms for similar credit agreements. The fair value of notes payable is considered a Level 3 measurement.

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References+ Details