Finance Receivables, Net (Tables)

12 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	March 31,			March 31,
	2024			2023
Retail receivables 1	$	87,150		$	79,515
Dealer financing		16,181			12,123
		103,331			91,638
Deferred origination costs		1,399			1,315
Deferred income		(1,424	)		(1,184	)
Allowance for credit losses
Retail receivables		(1,549	)		(1,430	)
Dealer financing		(88	)		(59	)
Total allowance for credit losses		(1,637	)		(1,489	)
Finance receivables, net	$	101,669		$	90,280

1.Includes gross securitized retail receivables of $31.5 billion and $29.0 billion as of March 31, 2024 and 2023, respectively.

Schedule of Amortized Cost Basis of Retail Loan Portfolio and Dealer Products Portfolio by Credit Quality Indicator

The following tables present the amortized cost basis of our retail loan portfolio by origination fiscal year by credit quality indicator based on number of days past due:

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2024
	2024		2023		2022		2021		2020		2019 and Prior		Total
Aging of finance receivables:
Current	$	35,407	$	22,473	$	15,041	$	8,539	$	2,654	$	748	$	84,862
30-59 days past due		301		488		426		242		92		53		1,602
60-89 days past due		77		143		119		68		27		17		451
90 days or greater past due		38		69		53		29		10		11		210
Total	$	35,823	$	23,173	$	15,639	$	8,878	$	2,783	$	829	$	87,125
Gross Charge-Offs	$	38	$	297	$	258	$	111	$	38	$	34	$	776

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2023
	2023		2022		2021		2020		2019		2018 and Prior		Total
Aging of finance receivables:
Current	$	32,377	$	22,585	$	14,278	$	5,555	$	2,178	$	846	$	77,819
30-59 days past due		306		439		285		125		71		44		1,270
60-89 days past due		90		135		82		35		21		15		378
90 days or greater past due		47		63		33		16		9		11		179
Total	$	32,820	$	23,222	$	14,678	$	5,731	$	2,279	$	916	$	79,646

The following tables present the amortized cost basis of our dealer products portfolio by credit quality indicator based on internal risk assessments by origination fiscal year:

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2024
	2024		2023		2022		2021		2020		2019 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	6,287	$	6,287
Credit Watch		-		-		-		-		-		-		238		238
At Risk		-		-		-		-		-		-		112		112
Default		-		-		-		-		-		-		36		36
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	6,673	$	6,673
Real estate
Performing	$	1,224	$	883	$	815	$	860	$	128	$	784	$	3	$	4,697
Credit Watch		58		37		44		6		-		-		-		145
At Risk		8		1		10		-		-		2		-		21
Default		4		2		-		25		-		-		-		31
Real estate total	$	1,294	$	923	$	869	$	891	$	128	$	786	$	3	$	4,894
Working Capital
Performing	$	769	$	414	$	235	$	122	$	105	$	159	$	2,715	$	4,519
Credit Watch		20		41		13		-		-		-		2		76
At Risk		-		3		-		-		2		-		1		6
Default		-		-		-		13		-		-		-		13
Working capital total	$	789	$	458	$	248	$	135	$	107	$	159	$	2,718	$	4,614
Total	$	2,083	$	1,381	$	1,117	$	1,026	$	235	$	945	$	9,394	$	16,181

For the twelve months ended March 31, 2024, there were no gross charge-offs in our dealer product portfolio.

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2023
	2023		2022		2021		2020		2019		2018 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	3,859	$	3,859
Credit Watch		-		-		-		-		-		-		54		54
At Risk		-		-		-		-		-		-		51		51
Default		-		-		-		-		-		-		-		-
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	3,964	$	3,964
Real estate
Performing	$	1,378	$	1,024	$	1,057	$	133	$	300	$	850	$	209	$	4,951
Credit Watch		5		-		2		-		-		-		-		7
At Risk		8		7		-		-		-		2		-		17
Default		-		-		-		-		-		-		-		-
Real estate total	$	1,391	$	1,031	$	1,059	$	133	$	300	$	852	$	209	$	4,975
Working Capital
Performing	$	789	$	317	$	182	$	131	$	124	$	88	$	1,552	$	3,183
Credit Watch		-		-		-		-		-		-		-		-
At Risk		-		1		-		-		-		-		-		1
Default		-		-		-		-		-		-		-		-
Working capital total	$	789	$	318	$	182	$	131	$	124	$	88	$	1,552	$	3,184
Total	$	2,180	$	1,349	$	1,241	$	264	$	424	$	940	$	5,725	$	12,123

Aging of Amortized Cost Basis of Finance Receivables by Class

The following tables present the aging of the amortized cost basis of our finance receivables by class:

	March 31, 2024
	30 - 59 Days past due		60 - 89 Days past due		90 Days or greater past due		Total Past due		Current		Total Finance receivables		90 Days or greater  past due and accruing
Retail loan	$	1,602	$	451	$	210	$	2,263	$	84,862	$	87,125	$	142
Wholesale		-		-		-		-		6,673		6,673		-
Real estate		-		-		-		-		4,894		4,894		-
Working capital		-		-		-		-		4,614		4,614		-
Total	$	1,602	$	451	$	210	$	2,263	$	101,043	$	103,306	$	142

Note 3 – Finance Receivables, Net (Continued)

	March 31, 2023
	30 - 59 Days  past due		60 - 89 Days past due		90 Days or greater past due		Total Past due		Current		Total Finance receivables		90 Days or  greater  past due and  accruing
Retail loan	$	1,270	$	378	$	179	$	1,827	$	77,819	$	79,646	$	111
Wholesale		-		-		-		-		3,964		3,964		-
Real estate		-		-		-		-		4,975		4,975		-
Working capital		-		-		-		-		3,184		3,184		-
Total	$	1,270	$	378	$	179	$	1,827	$	89,942	$	91,769	$	111