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v3.25.1

Asset-Backed Financing (Tables) | 3 Months Ended
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Mar. 31, 2025
Transfers and Servicing [Abstract] |
Schedule of Assets and Liabilities Related to the On-Balance Sheet Financing | The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):
| March 31, 2025
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,124,680 |  |  | $ | (120,775) |  |  | $ | 120,794 |  |  | $ | 4,856 |  |  | $ | 2,129,555 |  |  | $ | 1,658,745 |
Asset-backed U.S. commercial paper conduit facility | 598,290 |  |  | (33,952) |  |  | 38,507 |  |  | 2,296 |  |  | 605,141 |  |  | 531,260 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 78,457 |  |  | (3,682) |  |  | 6,791 |  |  | 134 |  |  | 81,700 |  |  | 68,275 |
| $ | 2,801,427 |  |  | $ | (158,409) |  |  | $ | 166,092 |  |  | $ | 7,286 |  |  | $ | 2,816,396 |  |  | $ | 2,258,280 |
| December 31, 2024
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,470,147 |  |  | $ | (140,632) |  |  | $ | 118,310 |  |  | $ | 5,260 |  |  | $ | 2,453,085 |  |  | $ | 1,950,138 |
Asset-backed U.S. commercial paper conduit facility | 490,766 |  |  | (27,890) |  |  | 28,201 |  |  | 2,104 |  |  | 493,181 |  |  | 431,846 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 90,122 |  |  | (4,215) |  |  | 4,735 |  |  | 234 |  |  | 90,876 |  |  | 77,381 |
| $ | 3,051,035 |  |  | $ | (172,737) |  |  | $ | 151,246 |  |  | $ | 7,598 |  |  | $ | 3,037,142 |  |  | $ | 2,459,365 |
| March 31, 2024
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,087,904 |  |  | $ | (112,611) |  |  | $ | 102,940 |  |  | $ | 6,396 |  |  | $ | 2,084,629 |  |  | $ | 1,644,626 |
Asset-backed U.S. commercial paper conduit facility | 539,559 |  |  | (29,097) |  |  | 33,878 |  |  | 1,874 |  |  | 546,214 |  |  | 502,521 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 102,111 |  |  | (4,567) |  |  | 5,931 |  |  | 328 |  |  | 103,803 |  |  | 88,333 |
| $ | 2,729,574 |  |  | $ | (146,275) |  |  | $ | 142,749 |  |  | $ | 8,598 |  |  | $ | 2,734,646 |  |  | $ | 2,235,480 |

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- Definition Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b)(1) -SubTopic 30 -Topic 860 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A + Details
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- References No definition available. + Details
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