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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Financing revenues:                      
Operating lease $ 2,102 $ 2,068 $ 2,016 $ 1,981 $ 1,958 $ 1,946 $ 1,925 $ 1,891 $ 8,167 $ 7,720 $ 7,141
Retail 512 498 490 474 467 468 459 456 1,974 1,850 1,859
Dealer 152 140 141 143 130 123 112 111 576 476 403
Total financing revenues 2,766 2,706 2,647 2,598 2,555 2,537 2,496 2,458 10,717 10,046 9,403
Depreciation on operating leases 1,863 1,778 1,719 1,681 1,859 1,722 1,683 1,589 7,041 6,853 5,914
Interest expense 523 428 452 448 449 701 297 307 1,851 1,754 1,137
Net financing revenues 380 500 476 469 247 114 516 562 1,825 1,439 2,352
Insurance earned premiums and contract revenues 225 220 221 216 210 202 199 193 882 804 719
Gain on sale of commercial finance business                 0 0 197
Investment and other income, net 51 63 55 47 37 52 42 39 216 170 158
Realized gains, net on investments in marketable securities (4) 3 1 41 (14) 157 70 13 41 226 6
Net financing revenues and other revenues 652 786 753 773 480 525 827 807 2,964 2,639 3,432
Expenses:                      
Provision for credit losses 81 108 127 85 186 183 161 52 401 582 441
Operating and administrative 384 323 337 313 356 325 317 279 1,357 1,277 1,161
Insurance losses and loss adjustment expenses 109 100 102 114 99 92 91 89 425 371 318
Total expenses 574 531 566 512 641 600 569 420 2,183 2,230 1,920
Income before income taxes 78 255 187 261 (161) (75) 258 387 781 409 1,512
(Benefit) provision for income taxes 26 (2,821) 70 96 (70) (29) 95 146 (2,629) 142 580
Net income $ 52 $ 3,076 $ 117 $ 165 $ (91) $ (46) $ 163 $ 241 $ 3,410 $ 267 $ 932