Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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		Total
Second Quarter 2022
Total revenue	$	2,029	$	221	$	98	$	2,348	$	—	$	2,348
Income before income taxes	680		106		(8)		778		125		903
Depreciation on vehicles subject to operating leases	559		(10)		—		549		—		549
Interest expense	648		48		46		742		(85)		657
Provision for/(Benefit from) credit losses	(57)		(2)		3		(56)		—		(56)

Second Quarter 2023
Total revenue	$	2,305	$	344	$	106	$	2,755	$	—	$	2,755
Income before income taxes	271		113		27		411		(30)		381
Depreciation on vehicles subject to operating leases	551		4		—		555		—		555
Interest expense	1,258		162		57		1,477		53		1,530
Provision for/(Benefit from) credit losses	36		(2)		6		40		—		40

First Half 2022
Total revenue	$	4,058	$	416	$	200	$	4,674	$	—	$	4,674
Income before income taxes	1,446		182		(172)		1,456		201		1,657
Depreciation on vehicles subject to operating leases	1,085		(21)		—		1,064		—		1,064
Interest expense	1,206		96		94		1,396		(128)		1,268
Provision for/(Benefit from) credit losses	(124)		(5)		9		(120)		—		(120)
Net finance receivables and net investment in operating leases	94,291		16,212		5,124		115,627		—		115,627
Total assets	103,289		19,158		5,803		128,250		—		128,250

First Half 2023
Total revenue	$	4,475	$	628	$	208	$	5,311	$	—	$	5,311
Income before income taxes	544		191		49		784		(100)		684
Depreciation on vehicles subject to operating leases	1,108		6		—		1,114		—		1,114
Interest expense	2,453		292		108		2,853		69		2,922
Provision for/(Benefit from) credit losses	99		2		16		117		—		117
Net finance receivables and net investment in operating leases	100,626		20,546		4,902		126,074		—		126,074
Total assets	114,114		24,245		5,431		143,790		—		143,790