Related Party Transactions

3 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Note 14 – Related Party Transactions

As of June 30, 2013, there were no material changes to our related party agreements or relationships as described in our fiscal 2013 Form 10-K, except as described below. The following tables summarize amounts included in our Consolidated Statement of Income and Consolidated Balance Sheet under various related party agreements or relationships:

		Three Months Ended
		June 30,
(Dollars in millions)			2013		2012
Net financing revenues:
	Manufacturers’ subvention support and other revenues	$	232	$	226
	Credit support fees incurred	$	(20)	$	(8)
	Foreign exchange loss on loans payable to affiliates	$	-	$	(39)
	Interest expense on loans payable to affiliates	$	-	$	(3)
Insurance earned premiums and contract revenues:
	Affiliate insurance premiums and contract revenues	$	33	$	49
Investments and other income, net:
	Interest earned on notes receivable from affiliates	$	1	$	1
Expenses:
	Shared services charges and other expenses	$	14	$	16
	Employee benefits expense	$	9	$	7

(Dollars in millions)		June 30, 2013		March 31, 2013
Assets:
Investments in marketable securities
	Investments in affiliates commercial paper	$	24	$	2
Finance receivables, net
	Accounts receivable from affiliates	$	71	$	22
	Direct finance receivables from affiliates	$	6	$	6
	Notes receivable under home loan programs	$	17	$	18
	Deferred retail subvention income from affiliates	$	(725)	$	(699)
Investments in operating leases, net
	Leases to affiliates	$	7	$	7
	Deferred lease subvention income from affiliates	$	(647)	$	(604)
Other assets
	Notes receivable from affiliates	$	1,250	$	931
	Other receivables from affiliates	$	1	$	1
	Subvention support receivable from affiliates	$	129	$	88
Liabilities:
Other liabilities
	Unearned affiliate insurance premiums and contract revenues	$	241	$	235
	Accounts payable to affiliates	$	153	$	192
	Notes payable to affiliate	$	48	$	48
Shareholder’s Equity:
	Dividends paid	$	-	$	1,487
	Stock-based compensation	$	2	$	2

Accounts receivable from affiliates

Accounts receivable from affiliates at June 30, 2013 included transactions with entities that were consolidated with another affiliate under the accounting guidance for variable interest entities.