Segment Information

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our financing operations directly and indirectly through our subsidiaries and affiliates. We offer substantially similar products and services throughout many different regions, subject to local legal restrictions and market conditions. We divide our business segments based on geographic regions: the North America Segment (includes operations in the United States and Canada) and the International Segment (includes operations in all other countries).

We measure the performance of our segments primarily on an income before income taxes basis, after excluding the impact to earnings from gains and losses related to market valuation adjustments to derivatives primarily related to movements in interest rates. These adjustments are included in Unallocated Risk Management and are excluded in assessing our North America and International segment performance, because our risk management activities are carried out on a centralized basis at the corporate level, with only certain elements allocated to these segments. We also adjust segment performance to re-allocate interest expense between the North America and International segments reflecting debt and equity levels proportionate to their product risk. The North America and International segments are presented on a managed basis. Managed basis includes Finance receivables, net and Net investment in operating leases on our balance sheet, and excludes unearned interest supplements related to finance receivables.

Key operating data for our business segments for the periods ended or at March 31 were as follows (in millions):

							Unallocated/Eliminations
	North America Segment			International Segment			Unallocated Risk Management			Effect of Unearned  Interest Supplements			Total Unallocated/Eliminations			Total
First Quarter 2012
Total revenue (a)	$	1,612		$	502		$	(47	)	$	—		$	(47	)	$	2,067
Income/(Loss) before income taxes	404			91			(43		)	—			(43		)	452
Other disclosures
Depreciation on vehicles subject to operating leases	495			90			—			—			—			585
Interest expense	576			230			(3		)	—			(3		)	803
Provision for credit losses	(23		)	(1		)	—			—			—			(24		)
Net finance receivables and net investment in operating leases	67,416			18,679			—			(1,567		)	(1,567		)	84,528
Total assets	79,741			23,508			—			(1,567		)	(1,567		)	101,682
First Quarter 2011
Total revenue (a)	$	1,759		$	528		$	(60	)	$	—		$	(60	)	$	2,227
Income/(Loss) before income taxes	651			122			(60		)	—			(60		)	713
Other disclosures
Depreciation on vehicles subject to operating leases	364			47			—			—			—			411
Interest expense	621			272			—			—			—			893
Provision for credit losses	(61		)	(3		)	—			—			—			(64		)
Net finance receivables and net investment in operating leases	63,712			21,333			—			(1,869		)	(1,869		)	83,176
Total assets	76,855			26,789			—			(1,869		)	(1,869		)	101,775

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(a) Represents Total financing revenue, Insurance premiums earned, and Other income, net.