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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Financing revenues:        
Operating lease $ 1,539 $ 1,571 $ 3,060 $ 3,186
Retail 1,487 1,209 2,907 2,313
Dealer 271 206 539 391
Total financing revenues 3,297 2,986 6,506 5,890
Depreciation on operating leases 1,015 918 2,049 2,073
Interest expense 1,584 1,272 3,027 2,171
Net financing revenues 698 796 1,430 1,646
Voluntary protection contract revenues and insurance earned premiums 300 278 595 549
Investment and other income, (loss), net 388 (18) 611 144
Net financing revenues and other revenues 1,386 1,056 2,636 2,339
Expenses:        
Provision for credit losses 206 221 395 386
Operating and administrative 453 449 893 897
Voluntary protection contract expenses and insurance losses 161 145 320 291
Total expenses 820 815 1,608 1,574
Income before income taxes 566 241 1,028 765
Provision for income taxes 137 63 242 195
Net income $ 429 $ 178 $ 786 $ 570