Segment Reporting and Geographic Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting and Geographic Information

Segment Reporting and Geographic Information

Segments

We offer substantially similar products and services throughout many different regions, subject to local regulations and market conditions. We evaluate our business in two operating segments: the North America Segment (consisting of operations in the U.S. and Canada) and the International Segment (consisting of operations in all other countries). Our chief operating decision maker evaluates the operating results and performance of our business based on these operating segments. The management of each segment is responsible for executing our strategies.

For segment reporting purposes only, interest expense related to the senior notes has been allocated based on targeted leverage for each segment. Interest expense in excess of the targeted overall leverage is reflected in the "Corporate" column below. In addition, the interest income on intercompany loans provided to the international operations is presented in the "Corporate" column as revenue.

All inter-segment balances and transactions have been eliminated. Key operating data for our operating segments were as follows (in millions):

	Year Ended December 31, 2014
	North America		International		Corporate			Eliminations			Total
Total revenue	$	2,909	$	1,945	$	56		$	(56	)	$	4,854
Operating expenses, including leased vehicle expenses	1,385		624		—			—			2,009
Provision for loan losses	472		132		—			—			604
Interest expense	459		954		69			(56		)	1,426
Income before income taxes	$	593	$	235	$	(13	)	$	—		$	815

	Year Ended December 31, 2013
	North America		International		Corporate		Eliminations			Total
Total revenue	$	2,376	$	968	$	43	$	(43	)	$	3,344
Operating expenses, including leased vehicle expenses	893		330		—		—			1,223
Provision for loan losses	393		82		—		—			475
Interest expense	360		362		42		(43		)	721
Acquisition and integration expenses	—		42		—		—			42
Income before income taxes	$	730	$	152	$	1	$	—		$	883

	December 31, 2014						December 31, 2013
	North America		International		Total		North America		International		Total
Finance receivables, net	$	15,943	$	17,057	$	33,000	$	12,878	$	16,404	$	29,282
Total assets	$	27,687	$	20,037	$	47,724	$	19,094	$	18,896	$	37,990

Geographic Information

Operating data related to our operations in the U.S., Canada, Brazil, Mexico, Germany, the U.K. and all other foreign countries is as follows (in millions):

	At and for the Year Ended December 31, 2014		At and for the Year Ended December 31, 2013
Total revenue:
U.S.	$	2,552	$	2,185
Canada	357		204
Brazil (a)	964		234
Mexico	209		158
Germany	225		172
U.K.	229		150
All other	318		241
Total revenue	$	4,854	$	3,344
Financial receivables, net:
U.S.	$	15,536	$	12,633
Canada	407		247
Brazil	4,575		4,355
Mexico	1,752		1,647
Germany	3,572		3,992
U.K.	3,999		3,168
All other	3,159		3,240
Total finance receivables, net	$	33,000	$	29,282
Long-lived assets(b):
U.S.	$	5,477	$	2,472
Canada	1,635		965
Brazil	4		4
Mexico	4		3
Germany	38		12
U.K.	57		50
All other	17		9
Total long-lived assets	$	7,232	$	3,515

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(a) The increase is primarily due to the timing of the acquisition of the operations in Brazil, which was completed on October 1, 2013.

(b) Includes $7.1 billion and $3.4 billion of vehicles on operating leases at December 2014 and 2013.