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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ 536 $ 584
Depreciation and amortization 1,342 1,316
Accretion and amortization of loan and leasing fees (363) (315)
Undistributed earnings of nonconsolidated affiliates, net (32) (41)
Provision for loan losses 204 131
Deferred income taxes 8 (233)
Gain on termination of leased vehicles (202) (206)
Other operating activities 51 (67)
Changes in assets and liabilities:    
Other assets (218) 141
Other liabilities 130 38
Related party payables 144 375
Net cash provided by (used in) operating activities 1,601 1,724
Cash flows from investing activities    
Purchases and funding of finance receivables (8,392) (9,105)
Principal collections and recoveries on finance receivables 7,650 6,774
Net change in floorplan and other short-duration receivables (529) 734
Purchases of leased vehicles (3,436) (3,154)
Proceeds from termination of leased vehicles 3,085 3,264
Other investing activities (4) (6)
Net cash provided by (used in) investing activities (1,626) (1,493)
Cash flows from financing activities    
Net change in debt (original maturities of three months or less) (223) (143)
Borrowings and issuances of secured debt 7,577 6,960
Payments on secured debt (8,604) (7,920)
Borrowings and issuances of unsecured debt 6,720 4,526
Payments on unsecured debt (4,484) (2,670)
Debt issuance costs (44) (31)
Dividends paid (509) (509)
Net cash provided by (used in) financing activities 432 213
Net increase (decrease) in cash, cash equivalents and restricted cash 407 443
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (9) 29
Cash, cash equivalents and restricted cash at beginning of period 8,249 6,676
Cash, cash equivalents and restricted cash at end of period 8,646 7,148
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 5,028  
Restricted cash included in other assets 3,618  
Total $ 8,646 $ 7,148