Segment Reporting and Geographic Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting and Geographic Information

Segment Reporting and Geographic Information

Our chief operating decision maker evaluates the operating results and performance of our business based on our North America and International segments. The management of each segment is responsible for executing our strategies. Key operating data for our operating segments were as follows:

	Year Ended December 31, 2021
	North America		International		Total
Total revenue	$	12,503	$	916	$	13,419
Operating expenses	1,328		320		1,648
Leased vehicle expenses	4,093		49		4,142
Provision for loan losses	164		84		248
Interest expense	2,309		237		2,546
Equity income	—		201		201
Income before income taxes	$	4,609	$	427	$	5,036

	Year Ended December 31, 2020
	North America		International		Total
Total revenue	$	12,851	$	980	$	13,831
Operating expenses	1,184		306		1,490
Leased vehicle expenses	5,834		48		5,882
Provision for loan losses	653		228		881
Interest expense	2,717		306		3,023
Equity income	—		147		147
Income before income taxes	$	2,463	$	239	$	2,702

	Year Ended December 31, 2019
	North America		International		Total
Total revenue	$	13,318	$	1,236	$	14,554
Operating expenses	1,172		392		1,564
Leased vehicle expenses	6,634		51		6,685
Provision for loan losses	569		157		726
Interest expense	3,171		470		3,641
Equity income	—		166		166
Income before income taxes	$	1,772	$	332	$	2,104

	December 31, 2021						December 31, 2020
	North America		International		Total		North America		International		Total
Finance receivables, net	$	58,883	$	4,096	$	62,979	$	53,332	$	5,058	$	58,390
Leased vehicles, net	$	37,741	$	188	$	37,929	$	39,656	$	163	$	39,819
Total assets	$	106,572	$	7,214	$	113,786	$	105,507	$	8,318	$	113,825

The following table summarizes information concerning principal geographic areas:

	At and For the Years Ended December 31,
	2021				2020				2019
	Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)
U.S.	$	11,718	$	34,452	$	12,178	$	36,773	$	12,672	$	39,509
Non-U.S.(b)	1,701		3,629		1,653		3,230		1,882		2,772
Total consolidated	$	13,419	$	38,081	$	13,831	$	40,003	$	14,554	$	42,281

_________________

(a)Long-lived assets include $37.9 billion, $39.8 billion, and $42.1 billion of vehicles on operating leases at December 31, 2021, 2020 and 2019.

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