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Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
Selected financial data by calendar quarter were as follows (in millions):
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Full Year
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 (b)
948

 
926

 
1,014

 
937

 
3,825

Provision for credit losses
128

 
137

 
138

 
144

 
547

Net income
358

 
296

 
386

 
333

 
1,373

 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
Total revenue (a)
$
2,731

 
$
2,802

 
$
2,863

 
$
2,981

 
$
11,377

Depreciation on vehicles subject to operating leases
(1,064
)
 
(1,037
)
 
(989
)
 
(1,045
)
 
(4,135
)
Interest expense
(729
)
 
(769
)
 
(810
)
 
(867
)
 
(3,175
)
Total financing margin and other revenue (b)
938

 
996

 
1,064

 
1,069

 
4,067

Provision for credit losses
152

 
99

 
169

 
168

 
588

Net income (c)
333

 
446

 
414

 
1,814

 
3,007

__________
(a)
Total revenue for 2016 includes Total financing revenue, Insurance premiums earned, and Other income, net. For 2017, Total revenue includes Total financing revenue, Insurance premiums earned, and Fee based revenue and other. The change in the definition of Total revenue is the result of our adoption of the new revenue recognition accounting standard as of January 1, 2017 (see Note 2 for additional information).
(b)
Total financing margin and other revenue for 2016 includes Net financing margin, Insurance premiums earned, and Other income, net. For 2017, Total financing margin and other revenue includes Total financing margin, Insurance premiums earned, and Fee based revenue and other. The change in the definition of Total financing margin is the result of our adoption of the new revenue recognition accounting standard as of January 1, 2017 (see Note 2 for additional information).
(c)
The fourth quarter net income includes favorable tax benefits of $1.4 billion related to U.S. tax legislation in the Tax Cuts and Jobs Act of 2017. See Note 12 for additional information.