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Consolidated Statements of Operations (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Financing revenue        
Operating leases $ 623 $ 864 $ 1,270 $ 1,852
Retail 521 593 1,050 1,217
Interest supplements and other support costs earned from affiliated companies 725 858 1,437 1,725
Wholesale 240 216 465 441
Other 14 12 28 32
Total financing revenue 2,123 2,543 4,250 5,267
Depreciation on vehicles subject to operating leases (361) (475) (772) (1,116)
Interest expense (895) (1,086) (1,788) (2,213)
Net financing margin 867 982 1,690 1,938
Other revenue        
Insurance premiums earned, net 23 24 46 50
Other income, net (Note 12) 7 39 84 135
Total financing margin and other revenue 897 1,045 1,820 2,123
Expenses        
Operating expenses 276 288 542 580
Provision for credit losses (Note 4) (25) (151) (89) (202)
Insurance expenses 42 20 50 29
Total expenses 293 157 503 407
Income before income taxes 604 888 1,317 1,716
Provision for income taxes (Note 1) 221 332 483 632
Net income $ 383 $ 556 $ 834 $ 1,084