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Consolidated Statement of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Financing revenue    
Operating leases $ 601 $ 647
Retail 487 529
Interest supplements and other support costs earned from affiliated companies 628 712
Wholesale 247 225
Other 13 14
Total financing revenue 1,976 2,127
Depreciation on vehicles subject to operating leases (585) (411)
Interest expense (803) (893)
Net financing margin 588 823
Other revenue    
Insurance premiums earned 26 23
Other income, net (Note 11) 65 77
Total financing margin and other revenue 679 923
Expenses    
Operating expenses 243 266
Provision for credit losses (Note 4) (24) (64)
Insurance expenses 8 8
Total expenses 227 210
Income/(loss) before income taxes 452 713
Provision for income taxes (Note 1) 157 262
Net income/(loss) $ 295 $ 451