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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net Income $ 424 $ 234
Financing Receivable, Credit Loss, Expense (Reversal) 140 88
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation Depletion and Amortizations 770 761
Amortization Of Upfront Interest Supplements (643) (540)
Net change in deferred income taxes 146 34
Net change in other assets (150) (93)
Net change in other liabilities 82 456
All other operating activities 35 18
Net Cash Provided by (Used in) Operating Activities 804 958
Cash flows from investing activities    
Purchases of finance receivables (8,280) (11,146)
Principal collections of finance receivables 9,734 9,393
Purchases of operating lease vehicles (2,799) (2,456)
Proceeds From Liquidations of Operating Lease Vehicles 1,470 1,974
Net change in wholesale receivables and other 2,548 (1,135)
Purchases of marketable securities (157) (51)
Proceeds from sales and maturities of marketable securities 93 123
Settlements of derivatives (181) (207)
All other investing activities (27) (16)
Net Cash Provided by (Used in) Investing Activities 2,401 (3,521)
Cash flows from financing activities    
Proceeds from issuances of long-term debt 11,979 16,488
Principal payments on long-term debt (16,185) (14,179)
Change in short-term debt, net (651) (1,416)
Cash distributions to parent (200) 0
All other financing activities (40) (50)
Net Cash Provided by (Used in) Financing Activities (5,097) 843
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 76 (125)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at January 1 9,360 10,795
Net increase/(decrease) in cash, cash equivalents, and restricted cash (1,816) (1,845)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at March 31 $ 7,544 $ 8,950