Segment Reporting and Geographic Information

12 Months Ended

Dec. 31, 2015

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, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	4,777	$	1,677	$	13		$	(13	)	$	6,454
Operating expenses, including leased vehicle expenses	2,925		568		—			—			3,493
Provision for loan losses	466		158		—			—			624
Interest expense	833		722		74			(13		)	1,616
Equity income	—		116		—			—			116
Income (loss) before income taxes	$	553	$	345	$	(61	)	$	—		$	837

	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 (loss) 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, 2015						December 31, 2014
	North America		International		Total		North America		International		Total
Finance receivables, net	$	21,558	$	15,223	$	36,781	$	15,943	$	17,057	$	33,000
Leased vehicles, net	$	20,086	$	86	$	20,172	$	7,029	$	31	$	7,060
Total assets	$	47,419	$	18,485	$	65,904	$	27,586	$	20,022	$	47,608

Geographic Information

The following table summarizes information concerning principal geographic areas (in millions):

	At and For the Years Ended December 31,
	2015				2014				2013
	Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)
U.S.	$	4,324	$	18,501	$	2,552	$	5,477	$	2,185	$	2,472
Canada	453		1,731		357		1,635		204		965
Brazil	757		3		964		4		234		4
Other countries(b)	920		156		981		116		721		74
Total consolidated	$	6,454	$	20,391	$	4,854	$	7,232	$	3,344	$	3,515

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(a) Long-lived assets includes $20.2 billion, $7.1 billion and $3.4 billion of vehicles on operating leases at December 2015, 2014 and 2013.

(b) No individual country represents more than 10% of our total revenue or long-lived assets.