Allowance for Credit Losses (Tables)

3 Months Ended

Jun. 30, 2012

Allowance for Credit Losses [Abstract]

Allowance for Credit Losses on Finance Receivables and Investments in Operating Leases

Note 6 – Allowance for Credit Losses
The following table provides information related to our allowance for credit losses on finance
receivables and investments in operating leases:
	Three Months Ended
	June 30,
(Dollars in millions)		2012		2011
Allowance for credit losses at beginning of period	$	619	$	879
Provision for credit losses		16		(203)
Charge-offs, net of recoveries		(29)		(9)
Allowance for credit losses at end of period	$	606	$	667

Allowance for Credit Losses and Recorded Investment in Finance Receivables by Portfolio Segment

For the Three Months Ended June 30, 2012
(Dollars in millions)	Retail Loan		Commercial		Dealer Products		Total
Allowance for Credit Losses for Finance Receivables:
Beginning balance, April 1, 2012	$	395	$	10	$	119	$	524
Charge-offs		(44)		(1)		-		(45)
Recoveries		18		-		-		18
Provisions		(13)		(3)		34		18
Ending balance, June 30, 2012	$	356	$	6	$	153	$	515
Ending balance: Individually evaluated for impairment	$	-	$	-	$	75	$	75
Ending balance: Collectively evaluated for impairment	$	356	$	6	$	78	$	440
Gross Finance Receivables:
Ending balance, June 30, 2012	$	46,024	$	360	$	14,091	$	60,475
Ending balance: Individually evaluated for impairment	$	-	$	-	$	258	$	258
Ending balance: Collectively evaluated for impairment	$	46,024	$	360	$	13,833	$	60,217

Note 6 - Allowance for Credit Losses (Continued)
For the Three Months Ended June 30, 2011
(Dollars in millions)	Retail Loan		Commercial		Dealer Products		Total
Allowance for Credit Losses for Finance Receivables:
Beginning balance, April 1, 2011	$	595	$	18	$	141	$	754
Charge-offs		(53)		-		-		(53)
Recoveries		44		1		-		45
Provisions		(206)		(6)		(6)		(218)
Ending balance, June 30, 2011	$	380	$	13	$	135	$	528
Ending balance: Individually evaluated for impairment	$	-	$	-	$	64	$	64
Ending balance: Collectively evaluated for impairment	$	380	$	13	$	71	$	464
Gross Finance Receivables:
Ending balance, June 30, 2011	$	45,830	$	407	$	10,097	$	56,334
Ending balance: Individually evaluated for impairment	$	-	$	-	$	191	$	191
Ending balance: Collectively evaluated for impairment	$	45,830	$	407	$	9,906	$	56,143

Past Due Finance Receivables and Investments in Operating Leases

Past Due Finance Receivables and Investments in Operating Leases
(Dollars in millions)		June 30, 2012			March 31, 2012
Aggregate balances 60 or more days past due
	Finance receivables		$	147		$	111
	Operating leases			35			31
Total			$	182		$	142

Past Due Finance Receivables by Class

(Dollars in millions)	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days Past Due		Total Past Due		Current		Total Finance Receivables		Carrying Amount 90 Days Past Due and Accruing
As of June 30, 2012
Retail loan	$	479	$	110	$	34	$	623	$	45,401	$	46,024	$	34
Commercial		10		2		1		13		347		360		1
Wholesale		-		-		-		-		8,028		8,028		-
Real estate		-		-		-		-		4,405		4,405		-
Working capital		-		-		-		-		1,658		1,658		-
Total	$	489	$	112	$	35	$	636	$	59,839	$	60,475	$	35
(Dollars in millions)	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days Past Due		Total Past Due		Current		Total Finance Receivables		Carrying Amount 90 Days Past due and Accruing
As of March 31, 2012
Retail loan	$	433	$	80	$	28	$	541	$	44,842	$	45,383	$	28
Commercial		8		2		1		11		352		363		1
Wholesale		-		-		-		-		7,008		7,008		-
Real estate		-		-		-		-		4,361		4,361		-
Working capital		1		-		-		1		1,495		1,496		-
Total	$	442	$	82	$	29	$	553	$	58,058	$	58,611	$	29