Segment Reporting

6 Months Ended

Jun. 30, 2015

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.

All inter-segment balances and transactions have been eliminated. Key financial data for our operating segments were as follows (in millions):

	Three Months Ended June 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,085	$	430	$	4		$	(4	)	$	1,515
Operating expenses, including leased vehicle expenses	648		138		—			—			786
Provision for loan losses	111		30		—			—			141
Interest expense	193		183		19			(4		)	391
Equity income	—		28		—			—			28
Income before income taxes	$	133	$	107	$	(15	)	$	—		$	225

	Three Months Ended June 30, 2014
	North America		International		Corporate			Eliminations			Total
Total revenue	$	691	$	500	$	15		$	(15	)	$	1,191
Operating expenses, including leased vehicle expenses	310		149		—			—			459
Provision for loan losses	90		23		—			—			113
Interest expense	104		248		17			(15		)	354
Income before income taxes	$	187	$	80	$	(2	)	$	—		$	265

	Six Months Ended June 30, 2015
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,991	$	878	$	11		$	(11	)	$	2,869
Operating expenses, including leased vehicle expenses	1,135		284		—			—			1,419
Provision for loan losses	229		67		—			—			296
Interest expense	358		389		35			(11		)	771
Equity income	—		56		—			—			56
Income before income taxes	$	269	$	194	$	(24	)	$	—		$	439

	Six Months Ended June 30, 2014
	North America		International		Corporate			Eliminations			Total
Total revenue	$	1,327	$	961	$	31		$	(31	)	$	2,288
Operating expenses, including leased vehicle expenses	584		300		—			—			884
Provision for loan losses	193		55		—			—			248
Interest expense	196		462		42			(31		)	669
Income before income taxes	$	354	$	144	$	(11	)	$	—		$	487

	June 30, 2015						December 31, 2014
	North America		International		Total		North America		International		Total
Finance receivables, net	$	18,356	$	16,029	$	34,385	$	15,943	$	17,057	$	33,000
Leased vehicles, net	$	12,846	$	58	$	12,904	$	7,029	$	31	$	7,060
Total assets	$	35,941	$	19,389	$	55,330	$	27,687	$	20,037	$	47,724