Segment Information (Disclosure)

9 Months Ended

Dec. 31, 2011

Segmentreportingdisclosureofentitysreportablesegmentsabstract [Abstract]

Segment Reporting Disclosure Text Block

Note 16 – Segment Information
Financial information for our reportable operating segments for the periods ended or at December 31, 2011
is summarized as follows (dollars in millions):
		Finance		Insurance		Intercompany
Fiscal 2012:		operations		operations		eliminations		Total
Three Months Ended December 31, 2011
Total financing revenues		$	1,831	$	-	$	4	$	1,835
Insurance earned premiums and contract revenues			-		154		(4)		150
Investment and other income			12		50		-		62
Total gross revenues			1,843		204		-		2,047
Less:
	Depreciation on operating leases		844		-		-		844
	Interest expense		163		-		-		163
	Provision for credit losses		56		-		-		56
	Operating and administrative expenses		170		38		-		208
	Insurance losses and loss adjustment expenses		-		78		-		78
	Provision for income taxes		232		34		-		266
Net income		$	378	$	54	$	-	$	432
Nine Months Ended December 31, 2011
Total financing revenues		$	5,614	$	-	$	11	$	5,625
Insurance earned premiums and contract revenues			-		464		(11)		453
Investment and other income			34		62		(3)		93
Total gross revenues			5,648		526		(3)		6,171
Less:
	Depreciation on operating leases		2,498		-		-		2,498
	Interest expense		772		-		(3)		769
	Provision for credit losses		(136)		-		-		(136)
	Operating and administrative expenses		503		114		-		617
	Insurance losses and loss adjustment expenses		-		247		-		247
	Provision for income taxes		768		60		-		828
Net income		$	1,243	$	105	$	-	$	1,348
Total assets at December 31, 2011		$	88,688	$	3,201	$	(375)	$	91,514

Note 16 – Segment Information (Continued)
Financial information for our reportable operating segments for the periods ended or at December 31,
2010 is summarized as follows (dollars in millions):
		Finance		Insurance		Intercompany
Fiscal 2011:		operations		operations		eliminations		Total
Three Months Ended December 31, 2010
Total financing revenues		$	2,017	$	-	$	6	$	2,023
Insurance earned premiums and contract revenues			-		147		(6)		141
Investment and other income			10		109		(1)		118
Total gross revenues			2,027		256		(1)		2,282
Less:
	Depreciation on operating leases		872		-		-		872
	Interest expense		235		-		(1)		234
	Provision for credit losses		(176)		-		-		(176)
	Operating and administrative expenses		238		40		-		278
	Insurance losses and loss adjustment expenses		-		61		-		61
	Provision for income taxes		333		54		-		387
Net income		$	525	$	101	$	-	$	626
Nine Months Ended December 31, 2010
Total financing revenues		$	6,062	$	-	$	17	$	6,079
Insurance earned premiums and contract revenues			-		413		(17)		396
Investment and other income			34		178		(5)		207
Total gross revenues			6,096		591		(5)		6,682
Less:
	Depreciation on operating leases		2,507		-		-		2,507
	Interest expense		1,323		-		(5)		1,318
	Provision for credit losses		(479)		-		-		(479)
	Operating and administrative expenses		669		116		-		785
	Insurance losses and loss adjustment expenses		-		177		-		177
	Provision for income taxes		802		107		-		909
Net income		$	1,274	$	191	$	-	$	1,465
Total assets at December 31, 2010		$	85,121	$	3,051	$	(466)	$	87,706