Segment Reporting

6 Months Ended

Jun. 30, 2016

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.

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

	Three Months Ended June 30, 2016
	North America		International		Corporate		Eliminations		Total
Total revenue	$	1,886	$	406	$	—	$	—	$	2,292
Operating expenses	215		128		—		—		343
Leased vehicle expenses	1,061		7		—		—		1,068
Provision for loan losses	125		26		—		—		151
Interest expense	337		164		—		—		501
Equity income	—		37		—		—		37
Income before income taxes	$	148	$	118	$	—	$	—	$	266

	Three Months Ended June 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,085	$	430	$	4		$	(4	)	$	1,515
Operating expenses	184		135		—			—			319
Leased vehicle expenses	464		3		—			—			467
Provision for loan losses	111		30		—			—			141
Interest expense	193		183		19			(4		)	391
Equity income	—		28		—			—			28
Income (loss) before income taxes	$	133	$	107	$	(15	)	$	—		$	225

	Six Months Ended June 30, 2016
	North America		International		Corporate			Eliminations		Total
Total revenue	$	3,574	$	793	$	(1	)	$	1	$	4,367
Operating expenses	416		261		—			—		677
Leased vehicle expenses	1,949		12		—			—		1,961
Provision for loan losses	302		45		—			—		347
Interest expense	642		321		—			1		964
Equity income	—		73		—			—		73
Income (loss) before income taxes	$	265	$	227	$	(1	)	$	—	$	491

	Six Months Ended June 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,991	$	878	$	11		$	(11	)	$	2,869
Operating expenses	345		280		—			—			625
Leased vehicle expenses	790		4		—			—			794
Provision for loan losses	229		67		—			—			296
Interest expense	358		389		35			(11		)	771
Equity income	—		56		—			—			56
Income (loss) before income taxes	$	269	$	194	$	(24	)	$	—		$	439

	June 30, 2016						December 31, 2015
	North America		International		Total		North America		International		Total
Finance receivables, net	$	23,546	$	15,884	$	39,430	$	21,558	$	15,223	$	36,781
Leased vehicles, net	$	28,278	$	164	$	28,442	$	20,086	$	86	$	20,172
Total assets	$	57,913	$	19,690	$	77,603	$	47,419	$	18,485	$	65,904