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Consolidated Income Statement (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Financing revenue        
Operating leases $ 791 $ 636 $ 1,522 $ 1,237
Retail 436 471 882 958
Interest supplements and other support costs earned from affiliated companies 583 583 1,166 1,211
Wholesale 255 235 495 482
Other 14 13 29 26
Total financing revenue 2,079 1,938 4,094 3,914
Depreciation on vehicles subject to operating leases (725) (583) (1,367) (1,168)
Interest expense (682) (774) (1,365) (1,577)
Net financing margin 672 581 1,362 1,169
Other revenue        
Insurance premiums earned 30 25 59 51
Other income, net (Note 11) 46 57 123 122
Total financing margin and other revenue 748 663 1,544 1,342
Expenses        
Operating expenses 240 248 490 491
Provision for credit losses (Note 4) 20 (51) 49 (75)
Insurance expenses 34 28 44 36
Total expenses 294 225 583 452
Income before income taxes 454 438 961 890
Provision for income taxes(Note 1) 179 142 322 299
Net income $ 275 $ 296 $ 639 $ 591