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Related Party Transactions
 6 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

As of September 30, 2022, there were no material changes to our related party agreements or relationships as described in our fiscal 2022 Form 10-K. The tables below show the financial statement line items and amounts included in our Consolidated Statements of Income and in our Consolidated Balance Sheets under various related party agreements or relationships:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net financing revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Manufacturer's subvention and other revenues

 

$

316

 

 

$

457

 

 

$

655

 

 

$

936

 

Depreciation on operating leases

 

$

34

 

 

$

(25

)

 

$

56

 

 

$

(53

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Credit support fees, interest and other expenses

 

$

24

 

 

$

27

 

 

$

47

 

 

$

51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voluntary protection contract revenues
  and insurance earned premiums:

 

 

 

 

 

 

 

 

 

 

 

 

Voluntary protection contract revenues
  and insurance earned premiums

 

$

39

 

 

$

43

 

 

$

79

 

 

$

85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and other income, net:

 

 

 

 

 

 

 

 

 

 

 

 

Interest and other income

 

$

3

 

 

$

2

 

 

$

(3

)

 

$

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Operating and administrative

 

$

16

 

 

$

22

 

 

$

37

 

 

$

43

 

 

Note 11 – Related Party Transactions (Continued)

 

 

 

September 30,

 

 

March 31,

 

 

 

2022

 

 

2022

 

Assets:

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

Commercial paper

 

$

-

 

 

$

100

 

 

 

 

 

 

 

 

Finance receivables, net

 

 

 

 

 

 

Accounts receivable

 

$

27

 

 

$

90

 

Deferred retail subvention income

 

$

(858

)

 

$

(875

)

 

 

 

 

 

 

 

Investments in operating leases, net

 

 

 

 

 

 

Investments in operating leases, net

 

$

(252

)

 

$

(212

)

Deferred lease subvention income

 

$

(624

)

 

$

(923

)

 

 

 

 

 

 

 

Other assets

 

 

 

 

 

 

Notes receivable

 

$

948

 

 

$

789

 

Other receivables, net

 

$

82

 

 

$

80

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Other liabilities

 

 

 

 

 

 

Unearned voluntary protection contract revenues
  and insurance earned premiums

 

$

377

 

 

$

374

 

Other payables, net

 

$

528

 

 

$

394

 

Notes payable

 

$

61

 

 

$

8

 

TMCC receives subvention payments from TMNA which results in a gross monthly subvention receivable. As of September 30, 2022 and March 31, 2022, the subvention receivable from TMNA was $98 million and $66 million, respectively. We have a master netting agreement with TMNA which allows us to net settle payments for shared services and subvention transactions. Under this agreement, as of September 30, 2022 and March 31, 2022, respectively, we had a net amount payable to TMNA which is recorded in Other payables, net in Other liabilities.