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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Financing revenues:        
Operating lease $ 1,571 $ 1,817 $ 3,186 $ 3,717
Retail 1,209 900 2,313 1,745
Dealer 206 107 391 193
Total financing revenues 2,986 2,824 5,890 5,655
Depreciation on operating leases 925 1,305 2,082 2,714
Interest expense 1,272 705 2,171 1,268
Net financing revenues 789 814 1,637 1,673
Voluntary protection contract revenues and insurance earned premiums 278 263 549 522
Investment and other (loss) income, net (18) (138) 144 (444)
Net financing revenues and other revenues 1,049 939 2,330 1,751
Expenses:        
Provision for credit losses 221 213 386 291
Operating and administrative 449 444 897 850
Voluntary protection contract expenses and insurance losses 145 114 291 221
Total expenses 815 771 1,574 1,362
Income (loss) before income taxes 234 168 756 389
(Benefit) provision for income taxes (13) 49 41 100
Net income $ 247 $ 119 $ 715 $ 289