CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Financing revenue | ||||
| Operating leases | $ 1,388 | $ 1,245 | $ 4,108 | $ 3,552 |
| Retail financing | 1,572 | 1,571 | 4,718 | 4,620 |
| Dealer financing | 557 | 642 | 1,635 | 1,972 |
| Other financing | 40 | 43 | 125 | 126 |
| Total financing revenue | 3,557 | 3,501 | 10,586 | 10,270 |
| Depreciation on vehicles subject to operating leases | (738) | (626) | (2,123) | (1,834) |
| Interest expense | (1,741) | (1,802) | (5,153) | (5,351) |
| Net financing margin | 1,078 | 1,073 | 3,310 | 3,085 |
| Other revenue | ||||
| Insurance premiums earned | 37 | 40 | 119 | 130 |
| Fee based revenue and other | 36 | 30 | 88 | 77 |
| Total financing margin and other revenue | 1,151 | 1,143 | 3,517 | 3,292 |
| Expenses | ||||
| Operating expenses | 372 | 463 | 1,101 | 1,259 |
| Provision for credit losses (Note 4) | 173 | 135 | 495 | 389 |
| Insurance expenses | 10 | 22 | 51 | 86 |
| Total expenses | 555 | 620 | 1,647 | 1,734 |
| Other income/(loss), net (Note 10) | 207 | 108 | 473 | 298 |
| Income before income taxes | 803 | 631 | 2,343 | 1,856 |
| Provision for/(Benefit from) income taxes | 115 | 65 | (95) | 323 |
| Net income | $ 688 | $ 566 | $ 2,438 | $ 1,533 |
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- Definition Expenses No definition available.
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- Definition Amount of fee based revenue. Includes fees and insurance commissions for selling products or services. No definition available.
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- Definition Financing revenue [Abstract] No definition available.
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs but excludes general and administrative costs. No definition available.
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- Definition The aggregate net financing margin and other revenue earned during the reporting period No definition available.
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- Definition Aggregate financing revenue earned (excludes other revenue) less the cost of borrowed funds and depreciation expense No definition available.
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- Definition Other revenue [Abstract] No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest and fee income related to commercial loans including industrial and agricultural, real estate (commercial and residential, construction and development), trade financing, and lease financing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest and fee income generated from consumer loans. Consumer loans are loans to individuals for household, family, and other personal expenditures. Such loans include residential mortgages, home equity lines-of-credit, automobiles and marine transport loans, credit card transactions, and others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest and fee income from loans classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of depreciation expense for lessor's underlying asset for which right to use has been conveyed to lessee under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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