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Consolidated Income Statement (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financing revenue      
Operating leases $ 3,409 $ 2,689 $ 2,512
Retail Financing 2,785 2,980 3,501
Dealer Financing 1,519 1,423 1,558
Other 92 97 91
Total financing revenue 7,805 7,189 7,662
Depreciation on vehicles subject to operating leases (2,397) (1,775) (1,115)
Interest expense (2,730) (3,027) (3,507)
Net financing margin 2,678 2,387 3,040
Other revenue      
Insurance premiums earned (Note 12) 119 105 100
Other income, net (Note 13) 258 286 302
Total financing margin and other revenue 3,055 2,778 3,442
Expenses      
Operating expenses 1,090 1,004 1,076
Provision for credit losses (Note 4) 146 7 (118)
Insurance expenses (Note 12) 63 70 80
Total expenses 1,299 1,081 1,038
Income before income taxes 1,756 1,697 2,404
Provision for income taxes (Note 10) 277 483 609
Net income $ 1,479 $ 1,214 $ 1,795