Segment Reporting

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

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 financial data for our operating segments were as follows (in millions):

	Three Months Ended September 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,302	$	405	$	2		$	(2	)	$	1,707
Operating expenses, including leased vehicle expenses	811		138		—			—			949
Provision for loan losses	106		38		—			—			144
Interest expense	214		175		25			(2		)	412
Equity income	—		29		—			—			29
Income before income taxes	$	171	$	83	$	(23	)	$	—		$	231

	Three Months Ended September 30, 2014
	North America		International		Corporate		Eliminations			Total
Total revenue	$	759	$	502	$	14	$	(14	)	$	1,261
Operating expenses, including leased vehicle expenses	366		159		—		—			525
Provision for loan losses	119		41		—		—			160
Interest expense	124		244		14		(14		)	368
Income before income taxes	$	150	$	58	$	—	$	—		$	208

	Nine Months Ended September 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	3,293	$	1,283	$	13		$	(13	)	$	4,576
Operating expenses, including leased vehicle expenses	1,946		422		—			—			2,368
Provision for loan losses	335		105		—			—			440
Interest expense	572		564		60			(13		)	1,183
Equity income	—		85		—			—			85
Income before income taxes	$	440	$	277	$	(47	)	$	—		$	670

	Nine Months Ended September 30, 2014
	North America		International		Corporate			Eliminations			Total
Total revenue	$	2,086	$	1,463	$	45		$	(45	)	$	3,549
Operating expenses, including leased vehicle expenses	950		459		—			—			1,409
Provision for loan losses	312		96		—			—			408
Interest expense	320		706		56			(45		)	1,037
Income before income taxes	$	504	$	202	$	(11	)	$	—		$	695

	September 30, 2015						December 31, 2014
	North America		International		Total		North America		International		Total
Finance receivables, net	$	19,853	$	15,221	$	35,074	$	15,943	$	17,057	$	33,000
Leased vehicles, net	$	16,843	$	72	$	16,915	$	7,029	$	31	$	7,060
Total assets	$	41,065	$	18,481	$	59,546	$	27,687	$	20,037	$	47,724