Investments in Operating Leases, Net

12 Months Ended

Mar. 31, 2012

Investments in Operating Leases, Net [Abstract]

Note 5 – Investments in Operating Leases, Net

Investments in operating leases, net consisted of the following:

(Dollars in millions)	March 31, 2012		March 31, 2011
Vehicles	$	24,017	$	24,790
Equipment and other		894		842
		24,911		25,632
Deferred origination (fees) and costs, net		(133)		(167)
Deferred income		(594)		(764)
Accumulated depreciation		(5,346)		(5,535)
Allowance for credit losses		(95)		(125)
Investments in operating leases, net	$	18,743	$	19,041


Future minimum lease rentals on operating leases are as follows (dollars in millions):

	Future minimum
Years ending March 31,	rentals on operating leases
2013	$	3,479
2014		2,138
2015		837
2016		149
2017		25
Thereafter		0
Total	$	6,628

A portion of our operating lease contracts has historically terminated prior to maturity; future minimum rentals as shown above should not be considered as necessarily indicative of total future cash collections.

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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