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Consolidated Income Statement (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Financing revenue    
Operating leases $ 731 $ 601
Retail 446 487
Interest supplements and other support costs earned from affiliated companies 583 628
Wholesale 240 247
Other 15 13
Total financing revenue 2,015 1,976
Depreciation on vehicles subject to operating leases (642) (585)
Interest expense (683) (803)
Net financing margin 690 588
Other revenue    
Insurance premiums earned 29 26
Other income, net (Note 11) 77 65
Total financing margin and other revenue 796 679
Expenses    
Operating expenses 250 243
Provision for credit losses (Note 4) 29 (24)
Insurance expenses 10 8
Total expenses 289 227
Income before income taxes 507 452
Provision for income taxes(Note 1) 143 157
Net income $ 364 $ 295