Segment Information (Tables)

3 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

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

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

	United States and Canada		Europe		All Other		Total Segments		Unallocated Other (a)		Total
Second Quarter 2021
Total revenue	$	2,295	$	238	$	108	$	2,641	$	—	$	2,641
Income before income taxes	1,466		81		22		1,569		54		1,623
Depreciation on vehicles subject to operating leases	184		7		—		191		—		191
Interest expense	600		72		51		723		(43)		680
Provision for credit losses	(165)		(6)		5		(166)		—		(166)
Second Quarter 2022
Total revenue	$	2,029	$	221	$	98	$	2,348	$	—	$	2,348
Income before income taxes	698		97		(17)		778		125		903
Depreciation on vehicles subject to operating leases	559		(10)		—		549		—		549
Interest expense	632		57		53		742		(85)		657
Provision for credit losses	(57)		(2)		3		(56)		—		(56)
First Half 2021
Total revenue	$	4,679	$	479	$	200	$	5,358	$	—	$	5,358
Income before income taxes	2,462		147		7		2,616		(31)		2,585
Depreciation on vehicles subject to operating leases	746		13		—		759		—		759
Interest expense	1,238		152		107		1,497		(13)		1,484
Provision for credit losses	(217)		(7)		18		(206)		—		(206)
Net finance receivables and net investment in operating leases (a) (b)	93,783		19,305		4,672		117,760		—		117,760
Total assets	111,149		22,226		5,436		138,811		—		138,811
First Half 2022
Total revenue	$	4,058	$	416	$	200	$	4,674	$	—	$	4,674
Income before income taxes	1,481		166		(191)		1,456		201		1,657
Depreciation on vehicles subject to operating leases	1,085		(21)		—		1,064		—		1,064
Interest expense	1,174		112		111		1,397		(129)		1,268
Provision for credit losses	(124)		(5)		9		(120)		—		(120)
Net finance receivables and net investment in operating leases (a) (b)	94,291		16,212		5,124		115,627		—		115,627
Total assets	103,289		19,158		5,803		128,250		—		128,250

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

(b)Prior periods have been restated to display net receivables in lieu of the non-GAAP measure of managed receivables