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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Finance Receivables Portfolio
December 31, 2022December 31, 2021
Retail finance receivables
Retail finance receivables, net of fees(a)
$65,322 $58,093 
Less: allowance for loan losses(2,062)(1,839)
Total retail finance receivables, net63,260 56,254 
Commercial finance receivables
Commercial finance receivables, net of fees(b)
11,288 6,772 
Less: allowance for loan losses(34)(47)
Total commercial finance receivables, net11,254 6,725 
Total finance receivables, net$74,514 $62,979 
Fair value utilizing Level 2 inputs$11,254 $6,725 
Fair value utilizing Level 3 inputs$62,150 $57,613 
________________
(a)Net of unearned income, unamortized premiums and discounts, and deferred fees and costs.
(b)Net of dealer cash management balances of $1.9 billion and $1.0 billion at December 31, 2022 and 2021.
Schedule of Allowance for Credit Losses on Financing Receivables A summary of the activity in the allowance for retail loan losses is as follows:
Years Ended December 31,
202220212020
Allowance for retail loan losses beginning balance$1,839 $1,915 $866 
Impact of adopting ASU 2016-13 (Note 1)
— — 801 
Provision for loan losses668 267 880 
Charge-offs(1,138)(897)(1,149)
Recoveries685 571 537 
Foreign currency translation9 (17)(20)
Allowance for retail loan losses ending balance$2,062 $1,839 $1,915 
Schedule of Financing Receivable Credit Quality Indicators The following tables are consolidated summaries of the amortized cost of the retail finance receivables by FICO score or its equivalent, determined at origination, for each vintage of the portfolio at December 31, 2022 and 2021:
Year of OriginationDecember 31, 2022
 20222021202020192018PriorTotalPercent
Prime - FICO Score 680 and greater$22,677 $13,399 $7,991 $2,254 $1,019 $205 $47,543 72.8 %
Near-prime - FICO Score 620 to 6793,202 2,601 1,487 688 310 104 8,392 12.8 
Sub-prime - FICO Score less than 6203,211 2,746 1,604 1,051 496 280 9,388 14.4 
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %
Year of OriginationDecember 31, 2021
 20212020201920182017PriorTotalPercent
Prime - FICO Score 680 and greater$19,729 $12,408 $4,078 $2,298 $763 $143 $39,419 67.9 %
Near-prime - FICO Score 620 to 6793,856 2,388 1,229 648 274 84 8,479 14.6 
Sub-prime - FICO Score less than 6204,053 2,528 1,777 972 570 295 10,195 17.5 
Retail finance receivables, net of fees$27,638 $17,324 $7,084 $3,918 $1,607 $522 $58,093 100.0 %
Our commercial risk model and risk rating categories are as follows:
Dealer Risk RatingDescription
IPerforming accounts with strong to acceptable financial metrics with at least satisfactory capacity to meet financial commitments.
IIPerforming accounts experiencing potential weakness in financial metrics and repayment prospects resulting in increased monitoring.
IIINon-Performing accounts with inadequate paying capacity for current obligations and that have the distinct possibility of creating a loss if deficiencies are not corrected.
IVNon-Performing accounts with inadequate paying capacity for current obligations and inherent weaknesses that make collection or liquidation in full highly questionable or improbable.
The following tables summarize the credit risk profile by dealer risk rating of commercial finance receivables at December 31, 2022 and 2021:
Year of OriginationDecember 31, 2022
Dealer Risk Rating
Revolving20222021202020192018PriorTotalPercent
I
$9,624 $566 $361 $372 $102 $45 $24 $11,094 98.3 %
II
89 — 1 — — — — 91 0.8 
III
78 15 — — 10 — — 104 0.9 
IV
— — — — — — — — — 
Balance at end of period$9,791 $581 $363 $372 $112 $45 $25 $11,288 100.0 %
Year of OriginationDecember 31, 2021
Dealer Risk Rating
Revolving20212020201920182017PriorTotalPercent
I
$5,296 $433 $426 $131 $57 $50 $10 $6,403 94.6 %
II
213 5 16 12 1 10 — 257 3.8 
III
81 8 15 2 — 2 4 112 1.6 
IV
— — — — — — — — — 
Balance at end of period$5,590 $446 $457 $145 $58 $62 $14 $6,772 100.0 %
Schedule of Past Due Financing Receivables The following tables are consolidated summaries of the delinquency status of the outstanding amortized cost of retail finance receivables for each vintage of the portfolio at December 31, 2022 and 2021:
Year of OriginationDecember 31, 2022
20222021202020192018PriorTotalPercent
0 - 30 days$28,676 $18,128 $10,702 $3,743 $1,685 $493 $63,426 97.1 %
31 - 60 days310 452 275 184 103 69 1,393 2.1 
Greater than 60 days93 150 98 62 35 26 465 0.7 
Finance receivables more than 30 days delinquent403 603 373 246 138 95 1,857 2.8 
In repossession11 14 6 4 2 1 39 0.1 
Finance receivables more than 30 days delinquent or in repossession414 617 380 249 140 96 1,896 2.9 
Retail finance receivables, net of fees$29,090 $18,745 $11,081 $3,992 $1,824 $589 $65,322 100.0 %
Year of OriginationDecember 31, 2021
20212020201920182017PriorTotalPercent
0 - 30 days$27,270 $16,945 $6,772 $3,721 $1,478 $440 $56,626 97.5 %
31 - 60 days273 276 230 147 97 60 1,083 1.8 
Greater than 60 days83 93 76 46 30 21 349 0.6 
Finance receivables more than 30 days delinquent356 369 306 193 127 81 1,432 2.4 
In repossession12 10 6 4 2 1 35 0.1 
Finance receivables more than 30 days delinquent or in repossession368 379 312 197 129 82 1,467 2.5 
Retail finance receivables, net of fees$27,638 $17,324 $7,084 $3,918 $1,607 $522 $58,093 100.0 %
Schedule of Troubled Debt Restructurings on Financing Receivables Additional TDR activity is presented below:
Years Ended December 31,
202220212020
Number of loans classified as TDRs during the period58,523 46,158 57,524 
Outstanding amortized cost of loans classified as TDRs during the period$1,230 $920 $1,057