Segment and Geographic Information (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Key financial information for our business segments for the periods ended or at September 30 was as follows (in millions):


	United States and Canada		Europe		All Other		Total Segments		Unallocated Other (a)		Total
Third Quarter 2019 (b)
Total revenue	$	2,678	$	286	$	163	$	3,127	$	—	$	3,127
Income before income taxes	583		78		20		681		55		736
Depreciation on vehicles subject to operating leases	884		10		—		894		—		894
Interest expense	912		86		82		1,080		1		1,081
Provision for credit losses	80		6		7		93		—		93

Third Quarter 2020
Total revenue	$	2,510	$	245	$	100	$	2,855	$	—	$	2,855
Income before income taxes	932		73		14		1,019		104		1,123
Depreciation on vehicles subject to operating leases	549		(12)		—		537		—		537
Interest expense	666		87		49		802		(10)		792
Provision for credit losses	79		1		6		86		—		86

First Nine Months 2019 (b)
Total revenue	$	8,105	$	896	$	508	$	9,509	$	—	$	9,509
Income before income taxes	1,794		305		115		2,214		154		2,368
Depreciation on vehicles subject to operating leases	2,681		31		—		2,712		—		2,712
Interest expense	2,782		252		275		3,309		7		3,316
Provision for credit losses	168		18		3		189		—		189
Net finance receivables and net investment in operating leases	118,065		25,518		5,135		148,718		(8,417)		140,301
Total assets	126,831		28,185		5,867		160,883		—		160,883

First Nine Months 2020
Total revenue	$	7,589	$	770	$	321	$	8,680	$	—	$	8,680
Income before income taxes	1,399		155		38		1,592		104		1,696
Depreciation on vehicles subject to operating leases	2,578		1		—		2,579		—		2,579
Interest expense	2,237		259		169		2,665		(50)		2,615
Provision for credit losses	675		68		22		765		—		765
Net finance receivables and net investment in operating leases (c)	114,266		22,023		4,329		140,618		(9,137)		131,481
Total assets	123,939		25,720		4,859		154,518		—		154,518

__________

(a)Finance receivables, net and Net investment in operating leases includes unearned interest supplements and residual support, allowance for credit losses, and other (primarily accumulated supplemental depreciation).

(b)Comparative information has been updated to reflect the reportable segments as of January 1, 2020.

(c)Excludes held-for-sale finance receivables.