XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Finance charge income $ 1,062 $ 1,036 $ 2,072 $ 2,052
Leased vehicle income 1,989 2,304 4,056 4,625
Other income 95 86 175 156
Total revenue 3,146 3,426 6,302 6,833
Costs and expenses        
Operating expenses 393 378 766 789
Leased vehicle expenses 856 825 1,711 2,069
Provision for loan losses (Note 3) 198 59 320 33
Interest expense 642 633 1,219 1,283
Total costs and expenses 2,089 1,895 4,016 4,174
Equity income (Note 5) 50 50 104 104
Income before income taxes 1,106 1,581 2,390 2,763
Income tax provision (Note 11) 277 401 599 705
Net income (loss) 829 1,180 1,791 2,058
Less: cumulative dividends on preferred stock 30 29 59 59
Net income (loss) attributable to common shareholder $ 799 $ 1,151 $ 1,731 $ 1,999