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Consolidated Income Statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Financing revenue        
Retail financing $ 1,539 $ 1,364 $ 3,049 $ 2,655
Dealer financing 661 750 1,330 1,446
Other 45 43 83 83
Revenue from Contract with Customer, Excluding Assessed Tax 3,421 3,187 6,769 6,231
Depreciation on vehicles subject to operating leases (603) (613) (1,208) (1,223)
Interest expense (1,759) (1,897) (3,549) (3,745)
Net financing margin 1,059 677 2,012 1,263
Other revenue        
Premiums Earned, Net 42 42 90 78
Fee based revenue and other 23 54 47 80
Total financing margin and other revenue 1,124 773 2,149 1,421
Operating expenses 443 343 796 686
Financing Receivable, Credit Loss, Expense (Reversal) 114 95 254 183
Insurance expenses 47 97 64 127
Total expenses 604 535 1,114 996
Other Income / Loss 125 105 190 244
Income before income taxes 645 343 1,225 669
Provision for income taxes 102 88 258 180
Net income   255 967 489
Operating Lease, Lease Income 1,176 1,030 $ 2,307 $ 2,047
Retained Earnings [Member]        
Other revenue        
Net income $ 543 $ 255