Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Mar. 31, 2013

Selected Quarterly Financial Data (Unaudited) [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 17 – Selected Quarterly Financial Data (Unaudited)
		First		Second		Third		Fourth
(Dollars in millions)		Quarter		Quarter		Quarter		Quarter
Fiscal 2013:
Total financing revenue	$	1,797	$	1,811	$	1,815	$	1,821
Depreciation on operating leases		855		880		901		932
Interest expense		58		283		284		315
Net financing revenue		884		648		630		574
Other income		185		183		203		173
Provision for credit losses		16		3		88		14
Expenses		297		302		306		299
Income before income tax expense		756		526		439		434
Provision for income taxes		279		200		156		189
Net income	$	477	$	326	$	283	$	245
Fiscal 2012:
Total financing revenue	$	1,920	$	1,870	$	1,835	$	1,804
Depreciation on operating leases		825		829		844		841
Interest expense		457		149		163		531
Net financing revenue		638		892		828		432
Other income		190		144		212		171
Provision for credit losses		(203)		11		56		38
Expenses		283		295		286		318
Income before income tax expense		748		730		698		247
Provision for income taxes		283		279		266		109
Net income	$	465	$	451	$	432	$	138