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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Financing revenues:        
Operating lease $ 1,817 $ 2,128 $ 3,717 $ 4,248
Retail 900 821 1,745 1,612
Dealer 107 83 193 171
Total financing revenues 2,824 3,032 5,655 6,031
Depreciation on operating leases 1,305 1,499 2,714 2,940
Interest expense 705 423 1,268 709
Net financing revenues 814 1,110 1,673 2,382
Voluntary protection contract revenues and insurance earned premiums 263 254 522 503
Investment and other (loss) income, net (138) 7 (444) 163
Net financing revenues and other revenues 939 1,371 1,751 3,048
Expenses:        
Provision for credit losses 213 68 291 65
Operating and administrative 444 385 850 769
Voluntary protection contract expenses and insurance losses 114 99 221 207
Total expenses 771 552 1,362 1,041
Income before income taxes 168 819 389 2,007
Provision for income taxes 49 197 100 464
Net income $ 119 $ 622 $ 289 $ 1,543