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SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
We report segment information consistent with the way our chief operating decision maker (“CODM”), our President and Chief Executive Officer, evaluates the operating results and performance of the Company. We conduct our financing operations directly and indirectly through our subsidiaries and affiliates. We offer substantially similar products and services throughout many different regions, subject to local legal restrictions and market conditions. Our reportable segments are: the United States and Canada, Europe, and All Other. Our All Other reportable segment includes our operations in China, Mexico, and our joint venture in South Africa, as well as wind down activities in Brazil, Argentina, and India.

We report segment earnings on an income before income taxes basis after excluding market valuation adjustments to derivatives and exchange-rate fluctuations on foreign currency-denominated transactions, which are reflected in Unallocated Other. These adjustments are excluded when assessing our segment performance because they are carried out at the corporate level. Our CODM reviews segment earnings on an income before income taxes basis to evaluate performance and allocate resources, predominately in the budgeting, planning, and forecasting processes.
NOTE 13. SEGMENT AND GEOGRAPHIC INFORMATION (Continued)

Key operating data for our business segments for the years ended or at December 31 was as follows (in millions):
United States and CanadaEuropeAll OtherTotal
Segments		Unallocated OtherTotal
2023
Total revenue $9,362 $1,316 $441 $11,119 $— $11,119 
Total revenue less:
Depreciation on vehicles subject to operating leases
2,284 25 — 2,309 — 2,309 
Interest expense5,199 684 242 6,125 186 6,311 
Provision for credit losses237 10 31 278 — 278 
Other segment items (a)528 291 93 912 (13)899 
Income before income taxes1,114 306 75 1,495 (173)1,322 
Other segment disclosures:
Net finance receivables and net investment in operating leases107,695 20,249 5,211 133,155 — 133,155 
Total assets 118,611 24,601 5,993 149,205 — 149,205 
2024
Total revenue $11,290 $1,508 $455 $13,253 $— $13,253 
Total revenue less:
Depreciation on vehicles subject to operating leases
2,447 35 — 2,482 — 2,482 
Interest expense6,062 875 258 7,195 388 7,583 
Provision for credit losses333 34 50 417 — 417 
Other segment items (a)988 207 87 1,282 (165)1,117 
Income before income taxes 1,460 357 60 1,877 (223)1,654 
Other segment disclosures:
Net finance receivables and net investment in operating leases118,969 20,469 4,201 143,639 — 143,639 
Total assets129,599 23,993 4,700 158,292 — 158,292 
2025
Total revenue $12,172 $1,558 $376 $14,106 $— $14,106 
Total revenue less:
Depreciation on vehicles subject to operating leases
2,476 46 — 2,522 — 2,522 
Interest expense5,903 788 202 6,893 240 7,133 
Provision for credit losses432 50 46 528 — 528 
Other segment items (a)1,198 515 71 1,784 (418)1,366 
Income before income taxes 2,163 159 (b)57 2,379 178 2,557 
Other segment disclosures:
Net finance receivables and net investment in operating leases120,326 22,357 3,615 146,298 — 146,298 
Total assets132,601 25,634 4,218 162,453 — 162,453 
__________
(a)Other items consists of Operating expenses, Insurance expenses, and Other income/(loss), net.
(b)Includes charges of $208 million for the year ended December 31, 2025 related to an industrywide review of historical U.K. dealer commissions.
NOTE 13. SEGMENT AND GEOGRAPHIC INFORMATION (Continued)

Geographic Information

Key data, split geographically into the United States (which is our country of domicile), Canada, and All Other, for the years ended or at December 31 were as follows (in millions):
202320242025
Total revenue
United States$8,012 $9,714 $10,379 
Canada1,350 1,577 1,793 
All Other1,757 1,962 1,934 
Total revenue$11,119 $13,253 $14,106 
Net property and net investment in operating leases
United States$15,642 $16,560 $19,707 
Canada4,621 5,048 6,387 
All Other338 364 746 
Net property and net investment in operating leases$20,601 $21,972 $26,840