SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

Key operating data for our business segments for the years ended or at December 31 was as follows (in millions):


	United States and Canada		Europe			All Other		Total Segments		Unallocated Other		Total
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 expense	5,199		684			242		6,125		186		6,311
Provision for credit losses	237		10			31		278		—		278
Other segment items (a)	528		291			93		912		(13)		899
Income before income taxes	1,114		306			75		1,495		(173)		1,322
Other segment disclosures:
Net finance receivables and net investment in operating leases	107,695		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 expense	6,062		875			258		7,195		388		7,583
Provision for credit losses	333		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 leases	118,969		20,469			4,201		143,639		—		143,639
Total assets	129,599		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 expense	5,903		788			202		6,893		240		7,133
Provision for credit losses	432		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 leases	120,326		22,357			3,615		146,298		—		146,298
Total assets	132,601		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.

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):


	2023		2024		2025
Total revenue
United States	$	8,012	$	9,714	$	10,379
Canada	1,350		1,577		1,793
All Other	1,757		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
Canada	4,621		5,048		6,387
All Other	338		364		746
Net property and net investment in operating leases	$	20,601	$	21,972	$	26,840