XML 38 R27.htm IDEA: XBRL DOCUMENT v3.25.3
Finance Receivables (Tables)
 9 Months Ended
Sep. 30, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Finance Receivables, Net
September 30, 2025December 31, 2024
Retail finance receivables
Retail finance receivables(a)
$75,857 $76,066 
Less: allowance for loan losses(2,651)(2,400)
Total retail finance receivables, net73,206 73,667 
Commercial finance receivables
Commercial finance receivables(a)(b)
17,081 19,901 
Less: allowance for loan losses
(85)(58)
Total commercial finance receivables, net16,996 19,843 
Total finance receivables, net$90,202 $93,510 
Fair value utilizing Level 2 inputs$16,996 $19,843 
Fair value utilizing Level 3 inputs$74,957 $74,729 
________________
(a)    Net of unearned income, unamortized premiums and discounts, and deferred fees and costs.
(b)    Includes dealer financing of $16.6 billion and $18.9 billion, and other financing of $471 million and $999 million at September 30, 2025 and December 31, 2024. Commercial finance receivables are presented net of dealer cash management balances of $3.4 billion at both September 30, 2025 and December 31, 2024.
Schedule of Allowance for Credit Losses on Financing Receivables A summary of the activity in the allowance for retail loan losses is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Allowance for retail loan losses beginning balance$2,630 $2,261 $2,400 $2,308 
Provision for loan losses250 293 898 658 
Charge-offs(494)(439)(1,461)(1,255)
Recoveries257 217 778 652 
Foreign currency translation
8 (10)36 (39)
Allowance for retail loan losses ending balance$2,651 $2,323 $2,651 $2,323 
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 September 30, 2025 and December 31, 2024:
Year of OriginationSeptember 30, 2025
 20252024202320222021PriorTotalPercent
Prime - FICO Score 680 and greater$18,457 $16,962 $10,727 $6,263 $3,293 $1,376 $57,078 75.2 %
Near-prime - FICO Score 620 to 6792,927 2,712 1,619 1,044 681 300 9,282 12.2 
Sub-prime - FICO Score less than 6202,948 2,758 1,554 1,090 730 418 9,497 12.5 
Retail finance receivables$24,333 $22,431 $13,900 $8,397 $4,704 $2,093 $75,857 100.0 %
Year of OriginationDecember 31, 2024
 20242023202220212020PriorTotalPercent
Prime - FICO Score 680 and greater$24,155 $15,814 $9,749 $5,424 $2,559 $366 $58,067 76.3 %
Near-prime - FICO Score 620 to 6793,547 2,227 1,507 1,077 473 159 8,990 11.8 
Sub-prime - FICO Score less than 6203,399 2,059 1,546 1,141 543 322 9,008 11.8 
Retail finance receivables$31,101 $20,100 $12,802 $7,642 $3,575 $847 $76,066 100.0 %
Our dealer 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 dealer finance receivables portfolio by dealer risk rating at September 30, 2025 and December 31, 2024:
Year of OriginationSeptember 30, 2025
Dealer Risk RatingRevolving20252024202320222021PriorTotalPercent
I
$13,511 $272 $245 $140 $315 $176 $214 $14,873 89.5 %
II
973 12 27 28 9 35 2 1,087 6.5 
III
547 6 41 10 14 17 15 651 3.9 
IV
— — — — — — — — — 
Balance at end of period$15,032 $290 $313 $178 $339 $228 $231 $16,611 100.0 %
Year of OriginationDecember 31, 2024
Dealer Risk RatingRevolving20242023202220212020PriorTotalPercent
I
$16,429 $350 $211 $360 $237 $267 $32 $17,885 94.6 %
II
621 — 10 26 3 2 — 663 3.5 
III
305 10 4 — 22 — 12 354 1.9 
IV
1 — — — — — — 1 0.0 
Balance at end of period$17,356 $360 $225 $385 $263 $269 $44 $18,902 100.0 %
Schedule of Past Due Financing Receivables The following tables are consolidated summaries of the amortized cost of retail finance receivables by delinquency status for each vintage of the portfolio at September 30, 2025 and December 31, 2024, as well as summary totals for September 30, 2024. The tables also present gross charge-offs by vintage for the nine months ended September 30, 2025 and the year ended December 31, 2024:
Year of OriginationSeptember 30, 2025September 30, 2024
20252024202320222021PriorTotalPercentTotalPercent
0 - 30 days$24,021 $21,756 $13,324 $7,939 $4,378 $1,900 $73,318 96.7 %$71,977 96.8 %
31 - 60 days221 466 395 324 235 139 1,779 2.3 1,718 2.3 
Greater than 60 days79 184 160 122 85 52 682 0.9 616 0.8 
Finance receivables more than 30 days delinquent300 649 555 446 319 191 2,461 3.2 2,333 3.1 
In repossession11 26 20 12 6 2 78 0.1 73 0.1 
Finance receivables more than 30 days delinquent or in repossession312 676 575 458 325 194 2,540 3.3 2,407 3.2 
Retail finance receivables$24,333 $22,431 $13,900 $8,397 $4,704 $2,093 $75,857 100.0 %$74,384 100.0 %
Gross charge-offs$75 $447 $412 $277 $158 $92 $1,461 
Year of OriginationDecember 31, 2024
20242023202220212020PriorTotalPercent
0 - 30 days$30,581 $19,411 $12,207 $7,178 $3,350 $710 $73,438 96.5 %
31 - 60 days374 481 425 340 166 99 1,885 2.5 
Greater than 60 days128 188 155 115 55 36 677 0.9 
Finance receivables more than 30 days delinquent502 669 580 455 221 135 2,562 3.4 
In repossession17 19 14 10 3 2 66 0.1 
Finance receivables more than 30 days delinquent or in repossession519 689 595 464 225 136 2,628 3.5 
Retail finance receivables$31,101 $20,100 $12,802 $7,642 $3,575 $847 $76,066 100.0 %
Gross charge-offs$171 $556 $495 $305 $126 $102 $1,754