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Transfers of Receivables (Tables)
3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Schedule of Assets and Liabilities Related to Securitization Transactions [Table Text Block]
Most of our securitization transactions utilize VIEs. The following tables show the assets and debt related to our securitization transactions that were included in our consolidated financial statements (in billions):
December 31, 2024
Cash and Cash EquivalentsFinance Receivables and Net Investment in Operating Leases (a)Related Debt
(c)
Before Allowance
for Credit Losses
Allowance for
Credit Losses
After Allowance
for Credit Losses
VIE (b)
Retail financing$1.7 $37.0 $(0.3)$36.7 $31.6 
Wholesale financing0.3 24.0 — 24.0 10.8 
Finance receivables2.0 61.0 (0.3)60.7 42.4 
Net investment in operating leases0.5 13.3 — 13.3 8.5 
Total VIE$2.5 $74.3 $(0.3)$74.0 $50.9 
Non-VIE
Retail financing$0.5 $10.6 $(0.1)$10.5 $9.3 
Wholesale financing— 0.4 — 0.4 0.2 
Finance receivables0.5 11.0 (0.1)10.9 9.5 
Net investment in operating leases— — — — — 
Total Non-VIE$0.5 $11.0 $(0.1)$10.9 $9.5 
Total securitization transactions
Retail financing$2.2 $47.6 $(0.4)$47.2 $40.9 
Wholesale financing 0.3 24.4 — 24.4 11.0 
Finance receivables2.5 72.0 (0.4)71.6 51.9 
Net investment in operating leases0.5 13.3 — 13.3 8.5 
Total securitization transactions$3.0 $85.3 $(0.4)$84.9 $60.4 
__________
(a)Unearned interest supplements and residual support are excluded from securitization transactions.
(b)Includes assets to be used to settle the liabilities of the consolidated VIEs.
(c)Includes unamortized discount and debt issuance costs.
NOTE 6. TRANSFERS OF RECEIVABLES AND VARIABLE INTEREST ENTITIES (Continued)

March 31, 2025
Cash and Cash EquivalentsFinance Receivables and Net Investment in Operating Leases (a)Related Debt
(c)
Before Allowance
for Credit Losses
Allowance for
Credit Losses
After Allowance
for Credit Losses
VIE (b)
Retail financing$1.6 $34.5 $(0.3)$34.2 $29.2 
Wholesale financing0.2 22.2 — 22.2 6.6 
Finance receivables1.8 56.7 (0.3)56.4 35.8 
Net investment in operating leases0.6 13.2 — 13.2 8.6 
Total VIE$2.4 $69.9 $(0.3)$69.6 $44.4 
Non-VIE
Retail financing$0.5 $9.4 $(0.1)$9.3 $8.2 
Wholesale financing— 0.3 — 0.3 0.2 
Finance receivables0.5 9.7 (0.1)9.6 8.4 
Net investment in operating leases— — — — — 
Total Non-VIE$0.5 $9.7 $(0.1)$9.6 $8.4 
Total securitization transactions
Retail financing$2.1 $43.9 $(0.4)$43.5 $37.4 
Wholesale financing0.2 22.5 — 22.5 6.8 
Finance receivables2.3 66.4 (0.4)66.0 44.2 
Net investment in operating leases0.6 13.2 — 13.2 8.6 
Total securitization transactions$2.9 $79.6 $(0.4)$79.2 $52.8 
__________
(a)Unearned interest supplements and residual support are excluded from securitization transactions.
(b)Includes assets to be used to settle the liabilities of the consolidated VIEs.
(c)Includes unamortized discount and debt issuance costs.