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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Financing revenues:        
Operating lease $ 1,548 $ 1,743 $ 4,734 $ 5,460
Retail 1,297 974 3,610 2,719
Dealer 253 139 644 332
Total financing revenues 3,098 2,856 8,988 8,511
Depreciation on operating leases 1,063 1,262 3,145 3,976
Interest expense 1,230 765 3,401 2,033
Net financing revenues 805 829 2,442 2,502
Voluntary protection contract revenues and insurance earned premiums 282 263 831 785
Investment and other income (loss), net 495 240 639 (204)
Net financing revenues and other revenues 1,582 1,332 3,912 3,083
Expenses:        
Provision for credit losses 206 278 592 569
Operating and administrative 517 463 1,414 1,313
Voluntary protection contract expenses and insurance losses 143 115 434 336
Total expenses 866 856 2,440 2,218
Income (loss) before income taxes 716 476 1,472 865
Provision for income taxes 113 112 154 212
Net income $ 603 $ 364 $ 1,318 $ 653