XML 13 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Finance charge income $ 812 $ 698 $ 1,564 $ 1,389
Leased vehicle income 2,107 1,383 4,038 2,562
Other income 71 57 136 118
Total revenue 2,990 2,138 5,738 4,069
Costs and expenses        
Salaries and benefits 198 175 397 341
Other operating expenses 135 121 266 228
Total operating expenses 333 296 663 569
Leased vehicle expenses 1,549 1,062 2,978 1,951
Provision for loan losses 158 144 369 334
Interest expense 635 460 1,231 882
Total costs and expenses 2,675 1,962 5,241 3,736
Equity income (Note 6) 41 37 88 73
Income from continuing operations before income taxes 356 213 585 406
Income tax provision (Note 11) 86 70 136 125
Income from continuing operations 270 143 449 281
(Loss) income from discontinued operations, net of tax (Note 2) (208) 46 (185) 72
Net income 62 189 264 353
Other comprehensive income (loss), net of tax        
Unrealized loss on cash flow hedges, net of income tax benefit of $5, $2, $7 and $2 (7) (4) (11) (4)
Defined benefit plans, net of income tax (1) 1 (1) 0
Foreign currency translation adjustment, net of income tax expense of $5, $0, $9 and $0 104 (83) 198 70
Other comprehensive income (loss), net of tax 96 (86) 186 66
Comprehensive income $ 158 $ 103 $ 450 $ 419