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Consolidated Income Statement (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Financing revenue        
Operating leases $ 1,089 $ 872 $ 2,994 $ 2,478
Retail 701 741 2,079 2,251
Wholesale 342 306 1,071 1,027
Other 43 41 125 118
Total financing revenue 2,175 1,960 6,269 5,874
Depreciation on vehicles subject to operating leases (830) (640) (2,197) (1,808)
Interest expense (691) (741) (2,056) (2,318)
Net financing margin 654 579 2,016 1,748
Other revenue        
Insurance premiums earned 28 24 87 75
Other income, net (Note 11) 81 85 204 207
Total financing margin and other revenue 763 688 2,307 2,030
Expenses        
Operating expenses 289 240 779 731
Provision for credit losses (Note 4) 32 42 81 (33)
Insurance expenses 15 13 59 49
Total expenses 336 295 919 747
Income before income taxes 427 393 1,388 1,283
Provision for income taxes(Note 1) 155 38 477 337
Net income $ 272 $ 355 $ 911 $ 946