XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Financing revenues:                      
Operating lease $ 2,189 $ 2,212 $ 2,167 $ 2,126 $ 2,102 $ 2,068 $ 2,016 $ 1,981 $ 8,694 $ 8,167 $ 7,720
Retail 575 578 547 535 512 498 490 474 2,235 1,974 1,850
Dealer 182 178 176 175 152 140 141 143 711 576 476
Total financing revenues 2,946 2,968 2,890 2,836 2,766 2,706 2,647 2,598 11,640 10,717 10,046
Depreciation on operating leases 1,764 1,717 1,662 1,766 1,863 1,778 1,719 1,681 6,909 7,041 6,853
Interest expense 664 699 702 682 523 428 452 448 2,747 1,851 1,754
Net financing revenues 518 552 526 388 380 500 476 469 1,984 1,825 1,439
Insurance earned premiums and contract revenues 228 226 226 224 225 220 221 216 904 882 804
Investment and other income, net 128 68 56 40 47 66 56 88 292 257 396
Net financing revenues and other revenues 874 846 808 652 652 786 753 773 3,180 2,964 2,639
Expenses:                      
Provision for credit losses 106 110 67 89 81 108 127 85 372 401 582
Operating and administrative 366 347 348 324 384 323 337 313 1,385 1,357 1,277
Insurance losses and loss adjustment expenses 103 106 112 125 109 100 102 114 446 425 371
Total expenses 575 563 527 538 574 531 566 512 2,203 2,183 2,230
Income before income taxes 299 283 281 114 78 255 187 261 977 781 409
Provision (benefit) for income taxes 4 69 87 22 26 (2,821) 70 96 182 (2,629) 142
Net income $ 295 $ 214 $ 194 $ 92 $ 52 $ 3,076 $ 117 $ 165 $ 795 $ 3,410 $ 267