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Consolidated Income Statement (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Financing revenue      
Operating leases $ 2,616 $ 2,454 $ 3,312
Retail 1,889 2,059 2,335
Interest supplements and other support costs earned from affiliated companies 2,401 2,800 3,226
Wholesale 920 952 894
Other 56 56 59
Total financing revenue 7,882 8,321 9,826
Depreciation on vehicles subject to operating leases (2,468) (1,774) (1,945)
Interest expense (3,027) (3,507) (4,222)
Net financing margin 2,387 3,040 3,659
Other revenue      
Insurance premiums earned (Note 13) 105 100 98
Other income, net (Note 14) 286 302 223
Total financing margin and other revenue 2,778 3,442 3,980
Expenses      
Operating expenses 1,004 1,076 1,149
Provision for credit losses (Note 5) 7 (118) (269)
Insurance expenses (Note 13) 70 80 46
Total expenses 1,081 1,038 926
Income before income taxes 1,697 2,404 3,054
Provision for income taxes (Note 11) 483 609 1,106
Net income $ 1,214 $ 1,795 $ 1,948