Installment Receivables (Tables)

3 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Summary of Installment Receivables

The following table summarizes the installment receivables:

	June 30, 2017			March 31, 2017
	(in millions)
Installment receivables, gross	$	2,302		$	2,270
Deferred interest	(199		)	(207		)
Installment receivables, net of deferred interest	2,103			2,063
Allowance for credit losses	(311		)	(299		)
Installment receivables, net	$	1,792		$	1,764
Classified on the consolidated balance sheets as:
Accounts and notes receivable, net	$	1,303		$	1,195
Other assets	489			569
Installment receivables, net	$	1,792		$	1,764

Balance and Aging of Financing Receivables by Credit Category

The balance and aging of installment receivables on a gross basis by credit category were as follows:

	June 30, 2017						March 31, 2017
	Prime		Subprime		Total		Prime		Subprime		Total
	(in millions)						(in millions)
Unbilled	$	1,536	$	600	$	2,136	$	1,501	$	619	$	2,120
Billed - current	83		38		121		74		36		110
Billed - past due	22		23		45		20		20		40
Installment receivables, gross	$	1,641	$	661	$	2,302	$	1,595	$	675	$	2,270

Schedule of Activity in the Deferred Interest Allowance for Credit Losses

Activity in the deferred interest and allowance for credit losses for the installment receivables was as follows:

	Three Months Ended			Twelve Months Ended
	June 30, 2017			March 31, 2017
	(in millions)
Deferred interest and allowance for credit losses, beginning of period	$	506		$	—
Bad debt expense	67			61
Write-offs, net of recoveries	(55		)	(28		)
Change in deferred interest on short-term and long-term installment receivables	(8		)	8
Recognition of deferred interest and allowance for credit losses	—			465
Deferred interest and allowance for credit losses, end of period	$	510		$	506