Segment Information (Tables)

3 Months Ended

Sep. 30, 2022

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 2021
Total revenue	$	2,129	$	208	$	136	$	2,473	$	—	$	2,473
Income before income taxes	960		61		57		1,078		(1)		1,077
Depreciation on vehicles subject to operating leases	439		2		—		441		—		441
Interest expense	584		57		44		685		(17)		668
Provision for credit losses	(67)		1		7		(59)		—		(59)

Third Quarter 2022
Total revenue	$	2,015	$	188	$	100	$	2,303	$	—	$	2,303
Income before income taxes	394		74		24		492		97		589
Depreciation on vehicles subject to operating leases	588		(9)		—		579		—		579
Interest expense	792		52		47		891		(40)		851
Provision for credit losses	42		(12)		9		39		—		39

First Nine Months 2021
Total revenue	$	6,808	$	687	$	336	$	7,831	$	—	$	7,831
Income before income taxes	3,383		220		89		3,692		(30)		3,662
Depreciation on vehicles subject to operating leases	1,185		15		—		1,200		—		1,200
Interest expense	1,857		195		129		2,181		(29)		2,152
Provision for credit losses	(284)		(6)		25		(265)		—		(265)
Net finance receivables and net investment in operating leases (a)	92,955		18,396		5,112		116,463		—		116,463
Total assets	108,917		21,163		5,988		136,068		—		136,068

First Nine Months 2022
Total revenue	$	6,073	$	604	$	300	$	6,977	$	—	$	6,977
Income before income taxes	1,840		256		(148)		1,948		298		2,246
Depreciation on vehicles subject to operating leases	1,673		(30)		—		1,643		—		1,643
Interest expense	1,998		148		141		2,287		(168)		2,119
Provision for credit losses	(82)		(17)		18		(81)		—		(81)
Net finance receivables and net investment in operating leases (a)	93,930		16,454		5,088		115,472		—		115,472
Total assets	102,916		19,282		5,720		127,918		—		127,918

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