Segment Reporting and Geographic Information

12 Months Ended

Dec. 31, 2023

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, 2023
	North America		International		Total
Total revenue	$	12,879	$	1,345	$	14,224
Operating expenses	1,450		368		1,818
Leased vehicle expenses	3,972		76		4,047
Provision for loan losses	682		144		826
Interest expense	4,109		576		4,685
Equity income	—		138		138
Income before income taxes	$	2,666	$	320	$	2,985

	Year Ended December 31, 2022
	North America		International		Total
Total revenue	$	11,777	$	989	$	12,766
Operating expenses	1,330		332		1,662
Leased vehicle expenses	3,613		54		3,668
Provision for loan losses	537		116		654
Interest expense	2,526		355		2,881
Equity income	—		173		173
Income before income taxes	$	3,771	$	305	$	4,076

	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

	December 31, 2023						December 31, 2022
	North America		International		Total		North America		International		Total
Finance receivables, net	$	78,148	$	6,489	$	84,637	$	69,705	$	4,809	$	74,514
Leased vehicles, net	$	30,227	$	356	$	30,582	$	32,454	$	247	$	32,701
Total assets	$	122,128	$	9,883	$	132,011	$	114,612	$	7,934	$	122,545

The following table summarizes information concerning principal geographic areas:

	At and For the Years Ended December 31,
	2023				2022				2021
	Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)		Revenue		Long-Lived Assets(a)
U.S.	$	12,168	$	27,397	$	11,037	$	29,411	$	11,718	$	34,452
Non-U.S.(b)	2,056		3,309		1,729		3,431		1,701		3,629
Total consolidated	$	14,224	$	30,707	$	12,766	$	32,842	$	13,419	$	38,081

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(a)Long-lived assets include $30.6 billion, $32.7 billion, and $37.9 billion of vehicles on operating leases at December 31, 2023, 2022 and 2021.

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