Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We divide our business segments based on geographic regions: North America (“North America Segment”) and International (“International Segment”). The North America Segment includes our operations in the United States and Canada. The International Segment includes our operations in all other countries in which we do business directly and indirectly.

Key operating data for our business segments for the periods ended or at June 30 were as follows (in millions):

					Unallocated/Eliminations
	North America Segment		International Segment		Unallocated Risk Management			Adjustment to Receivables (a)		Total Unallocated/Eliminations			Total
Second Quarter 2015
Total revenue (b)	$	1,951	$	400	$	(13	)	$	—	$	(13	)	$	2,338
Income before income taxes	406		113		(13		)	—		(13		)	506
Other disclosures
Depreciation on vehicles subject to operating leases	849		9		—			—		—			858
Interest expense	448		151		—			—		—			599
Provision for credit losses	60		12		—			—		—			72
Second Quarter 2014
Total revenue (b)	$	1,818	$	419	$	(3	)	$	—	$	(3	)	$	2,234
Income before income taxes	317		120		(3		)	—		(3		)	434
Other disclosures
Depreciation on vehicles subject to operating leases	732		10		—			—		—			742
Interest expense	511		162		—			—		—			673
Provision for credit losses	17		10		—			—		—			27

First Half 2015
Total revenue (b)	$	3,848	$	810	$	(38	)	$	—		$	(38	)	$	4,620
Income before income taxes	785		242		(38		)	—			(38		)	989
Other disclosures
Depreciation on vehicles subject to operating leases	1,660		14		—			—			—			1,674
Interest expense	930		307		—			—			—			1,237
Provision for credit losses	115		24		—			—			—			139
Net finance receivables and net investment in operating leases	94,831		22,726		—			(4,631		)	(4,631		)	112,926
Total assets	100,475		27,124		—			—			—			127,599
First Half 2014
Total revenue (b)	$	3,587	$	820	$	(14	)	$	—		$	(14	)	$	4,393
Income before income taxes	695		252		(14		)	—			(14		)	933
Other disclosures
Depreciation on vehicles subject to operating leases	1,427		20		—			—			—			1,447
Interest expense	1,023		316		—			—			—			1,339
Provision for credit losses	46		12		—			—			—			58
Net finance receivables and net investment in operating leases	87,583		22,992		—			(3,982		)	(3,982		)	106,593
Total assets	93,367		27,074		—			—			—			120,441

__________

(a) Includes unearned interest supplements and residual support, allowances for credit losses, and other (primarily accumulated supplemental depreciation).

(b) Represents Total financing revenue, Insurance premiums earned, and Other income, net.