Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

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		Total
Third Quarter 2023
Total revenue	$	2,366	$	346	$	116	$	2,828	$	—	$	2,828
Income before income taxes	257		78		21		356		2		358
Depreciation on vehicles subject to operating leases	568		8		—		576		—		576
Interest expense	1,354		185		65		1,604		49		1,653
Provision for credit losses	71		4		(1)		74		—		74

Third Quarter 2024
Total revenue	$	2,877	$	375	$	111	$	3,363	$	—	$	3,363
Income before income taxes	461		149		21		631		(87)		544
Depreciation on vehicles subject to operating leases	591		9		—		600		—		600
Interest expense	1,551		216		63		1,830		48		1,878
Provision for credit losses	83		6		10		99		—		99

First Nine Months 2023
Total revenue	$	6,841	$	974	$	324	$	8,139	$	—	$	8,139
Income before income taxes	801		269		70		1,140		(98)		1,042
Depreciation on vehicles subject to operating leases	1,676		14		—		1,690		—		1,690
Interest expense	3,807		477		173		4,457		118		4,575
Provision for credit losses	170		6		15		191		—		191
Net finance receivables and net investment in operating leases	101,885		19,330		5,112		126,327		—		126,327
Total assets	114,585		23,301		5,665		143,551		—		143,551

First Nine Months 2024
Total revenue	$	8,278	$	1,127	$	347	$	9,752	$	—	$	9,752
Income before income taxes	1,022		309		51		1,382		(169)		1,213
Depreciation on vehicles subject to operating leases	1,800		23		—		1,823		—		1,823
Interest expense	4,530		653		198		5,381		242		5,623
Provision for credit losses	223		18		41		282		—		282
Net finance receivables and net investment in operating leases	116,916		20,845		4,446		142,207		—		142,207
Total assets	127,289		24,732		5,035		157,056		—		157,056