Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA

SELECTED QUARTERLY FINANCIAL DATA (unaudited)

Selected financial data by calendar quarter were as follows (in millions):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year
2015
Total revenue (a)	$	2,282		$	2,338		$	2,478		$	2,599		$	9,697
Depreciation on vehicles subject to operating leases	(816		)	(858		)	(956		)	(1,010		)	(3,640		)
Interest expense	(638		)	(599		)	(582		)	(597		)	(2,416		)
Total financing margin and other revenue	828			881			940			992			3,641
Provision for credit losses	67			72			100			108			347
Net income	306			340			365			352			1,363
2016
Total revenue (a)	$	2,608		$	2,688		$	2,796		$	2,817		$	10,909
Depreciation on vehicles subject to operating leases	(1,014		)	(1,075		)	(1,085		)	(1,155		)	(4,329		)
Interest expense	(646		)	(687		)	(697		)	(725		)	(2,755		)
Total financing margin and other revenue	948			926			1,014			937			3,825
Provision for credit losses	128			137			138			144			547
Net income	358			296			386			333			1,373

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(a) Represents Total financing revenue, Insurance premiums earned, and Other income, net.