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Consolidated Statement of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Financing revenue        
Operating leases $ 636 $ 623 $ 1,237 $ 1,270
Retail 471 521 958 1,050
Interest supplements and other support costs earned from affiliated companies 583 725 1,211 1,437
Wholesale 235 240 482 465
Other 13 14 26 28
Total financing revenue 1,938 2,123 3,914 4,250
Depreciation on vehicles subject to operating leases (583) (361) (1,168) (772)
Interest expense (774) (895) (1,577) (1,788)
Net financing margin 581 867 1,169 1,690
Other revenue        
Insurance premiums earned 25 23 51 46
Other income, net (Note 11) 57 7 122 84
Total financing margin and other revenue 663 897 1,342 1,820
Expenses        
Operating expenses 248 276 491 542
Provision for credit losses (Note 4) (51) (25) (75) (89)
Insurance expenses 28 42 36 50
Total expenses 225 293 452 503
Income/(loss) before income taxes 438 604 890 1,317
Provision for income taxes (Note 1) 142 221 299 483
Net income/(loss) $ 296 $ 383 $ 591 $ 834