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Condensed Consolidated Statements Of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Finance charge income $ 999 $ 1,043 $ 2,971 $ 3,038
Leased vehicle income 2,354 2,515 7,203 7,536
Other income 68 101 231 344
Total revenue 3,421 3,659 10,405 10,918
Costs and expenses        
Operating expenses 394 384 1,097 1,131
Leased vehicle expenses 1,126 1,574 4,602 5,025
Provision for loan losses (Note 3) 31 150 824 504
Interest expense 709 879 2,332 2,778
Total costs and expenses 2,260 2,987 8,855 9,438
Equity income (Note 6) 46 39 113 126
Income before income taxes 1,207 711 1,663 1,606
Income tax provision (Note 12) 314 195 430 416
Net income 893 516 1,233 1,190
Less: cumulative dividends on preferred stock 24 23 69 68
Net income attributable to common shareholder $ 869 $ 493 $ 1,164 $ 1,122