Financial information for the three and six months ended or at September 30, 2018 and 2017 is summarized in the following tables: Valuation United adjustments and Consolidated States Canada reclassifications Total (U.S. dollars in millions) Three months ended September 30, 2018 Revenues: Direct financing leases $  $ 1 $  $ 1 Retail 348 52  400 Dealer 50 5  55 Operating leases 1,485 311  1,796 Total revenues 1,883 369  2,252 Depreciation on operating leases 1,112 249  1,361 Interest expense 250 43  293 Realized (gains)/losses on derivatives and foreign currency denominated debt 2 (4 ) 2  Net revenues 519 81 (2 ) 598 Gain on disposition of lease vehicles 39 8  47 Other income 14 3  17 Total net revenues 572 92 (2 ) 662 Expenses: General and administrative expenses 106 13  119 Provision for credit losses 60 2  62 Early termination loss on operating leases 38 1  39 (Gain)/Loss on derivative instruments   47 47 (Gain)/Loss on foreign currency revaluation of debt   (27 ) (27 ) Income before income taxes $ 368 $ 76 $ (22 ) $ 422 Six months ended September 30, 2018 Revenues: Direct financing leases $  $ 3 $  $ 3 Retail 672 102  774 Dealer 100 10  110 Operating leases 2,953 612  3,565 Total revenues 3,725 727  4,452 Depreciation on operating leases 2,245 491  2,736 Interest expense 484 83  567 Realized (gains)/losses on derivatives and foreign currency denominated debt  (7 ) 7  Net revenues 996 160 (7 ) 1,149 Gain on disposition of lease vehicles 77 17  94 Other income 27 5  32 Total net revenues 1,100 182 (7 ) 1,275 Expenses: General and administrative expenses 202 27  229 Provision for credit losses 102 4  106 Early termination loss on operating leases 54 2  56 (Gain)/Loss on derivative instruments   310 310 (Gain)/Loss on foreign currency revaluation of debt   (274 ) (274 ) Income before income taxes $ 742 $ 149 $ (43 ) $ 848 September 30, 2018 Finance receivables, net $ 34,546 $ 4,587 $  $ 39,133 Investment in operating leases, net 27,127 5,191  32,318 Total assets 64,250 10,003  74,253 Valuation United adjustments and Consolidated States Canada reclassifications Total (U.S. dollars in millions) Three months ended September 30, 2017 Revenues: Direct financing leases $  $ 3 $  $ 3 Retail 291 48  339 Dealer 38 4  42 Operating leases 1,456 271  1,727 Total revenues 1,785 326  2,111 Depreciation on operating leases 1,140 223  1,363 Interest expense 188 30  218 Realized (gains)/losses on derivatives and foreign currency denominated debt (4 ) 1 3  Net revenues 461 72 (3 ) 530 Gain on disposition of lease vehicles 27 7  34 Other income 12 1  13 Total net revenues 500 80 (3 ) 577 Expenses: General and administrative expenses 97 14  111 Provision for credit losses 83   83 Early termination loss on operating leases 41 1  42 Loss on lease residual values     (Gain)/Loss on derivative instruments   (145 ) (145 ) (Gain)/Loss on foreign currency revaluation of debt   122 122 Income before income taxes $ 279 $ 65 $ 20 $ 364 Six months ended September 30, 2017 Revenues: Direct financing leases $  $ 8 $  $ 8 Retail 567 90  657 Dealer 76 8  84 Operating leases 2,898 505  3,403 Total revenues 3,541 611  4,152 Depreciation on operating leases 2,292 417  2,709 Interest expense 367 55  422 Realized (gains)/losses on derivatives and foreign currency denominated debt (10 ) 4 6  Net revenues 892 135 (6 ) 1,021 Gain on disposition of lease vehicles 48 15  63 Other income 24 3  27 Total net revenues 964 153 (6 ) 1,111 Expenses: General and administrative expenses 191 28  219 Provision for credit losses 120 2  122 Early termination loss on operating leases 57 2  59 Loss on lease residual values  1  1 (Gain)/Loss on derivative instruments   (374 ) (374 ) (Gain)/Loss on foreign currency revaluation of debt   331 331 Income before income taxes $ 596 $ 120 $ 37 $ 753 September 30, 2017 Finance receivables, net $ 31,786 $ 4,821 $  $ 36,607 Investment in operating leases, net 27,589 4,723  32,312 Total assets 61,833 9,756  71,589