XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Operations (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Financing revenue        
Operating leases $ 672 $ 591 $ 1,909 $ 1,861
Retail 468 513 1,426 1,563
Interest supplements and other support costs earned from affiliated companies 589 692 1,800 2,129
Wholesale 214 245 696 710
Other 17 12 43 40
Total financing revenue 1,960 2,053 5,874 6,303
Depreciation on vehicles subject to operating leases (640) (464) (1,808) (1,236)
Interest expense (741) (888) (2,318) (2,676)
Net financing margin 579 701 1,748 2,391
Other revenue        
Insurance premiums earned 24 31 75 77
Other income, net (Note 11) 85 122 207 206
Total financing margin and other revenue 688 854 2,030 2,674
Expenses        
Operating expenses 240 264 731 806
Provision for credit losses (Note 4) 42 (20) (33) (109)
Insurance expenses 13 29 49 79
Total expenses 295 273 747 776
Income/(loss) before income taxes 393 581 1,283 1,898
Provision for income taxes (Note 1) 38 231 337 714
Net income/(loss) $ 355 $ 350 $ 946 $ 1,184