v3.26.1
Segment and Geographic Information (Tables)
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Financial Information by Segment
Financial information for the three months ended June 30, 2026 and 2025 is summarized in the following tables:
 
United
States		Canada
Total
(U.S. dollars in millions)
Three months ended June 30, 2026
Revenues:
Retail$707 $81 $788 
Dealer60 5 65 
Operating leases1,666 201 1,867 
Total revenues2,433 287 2,720 
Leased vehicle expenses1,095 140 1,235 
Interest expense621 54 675 
Realized (gains)/losses on derivatives and foreign
  currency denominated debt		83 6 89 
Net revenues634 87 721 
Other income, net29 6 35 
Total net revenues663 93 756 
Expenses:
General and administrative expenses131 14 145 
Provision for credit losses76 10 86 
Early termination loss on operating leases49 — 49 
Income before income taxes and
valuation adjustments		$407 $69 $476 
Reconciliation to consolidated income before income taxes:
Gain/(loss) on derivative instruments(43)
Gain/(loss) on foreign currency revaluation of debt42 
Realized (gains)/losses included in segment profit89 
Consolidated income before income taxes $564 
Income tax expense$129 $19 $148 
June 30, 2026
Finance receivables, net$49,434 $5,454 $54,888 
Investment in operating leases, net29,339 3,408 32,747 
Total assets82,342 9,234 91,576 
United
States		CanadaTotal
(U.S. dollars in millions)
Three months ended June 30, 2025
Revenues:
Retail$684 $78 $762 
Dealer64 5 69 
Operating leases1,562 205 1,767 
Total revenues2,310 288 2,598 
Leased vehicle expenses1,033 147 1,180 
Interest expense622 54 676 
Realized (gains)/losses on derivatives and foreign
   currency denominated debt		65 6 71 
Net revenues590 81 671 
Other income, net38 5 43 
Total net revenues628 86 714 
Expenses:
General and administrative expenses122 14 136 
Provision for credit losses98 5 103 
Early termination loss on operating leases46 1 47 
Income before income taxes and
valuation adjustments		$362 $66 $428 
Reconciliation to consolidated income before income taxes:
Gain/(loss) on derivative instruments744 
Gain/(loss) on foreign currency revaluation of debt(731)
Realized (gains)/losses included in segment profit71 
Consolidated income before income taxes$512 
Income tax expense$116 $21 $137 
June 30, 2025
Finance receivables, net$48,707 $5,567 $54,274 
Investment in operating leases, net28,256 3,536 31,792 
Total assets81,648 9,445 91,093