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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Financing revenues:        
Operating lease $ 1,589 $ 1,548 $ 4,649 $ 4,734
Retail 1,511 1,297 4,418 3,610
Dealer 268 253 807 644
Total financing revenues 3,368 3,098 9,874 8,988
Depreciation on operating leases 1,012 1,044 3,061 3,117
Interest expense 1,414 1,230 4,441 3,401
Net financing revenues 942 824 2,372 2,470
Voluntary protection contract revenues and insurance earned premiums 303 282 898 831
Investment and other income, net 111 495 722 639
Net financing revenues and other revenues 1,356 1,601 3,992 3,940
Expenses:        
Provision for credit losses 181 206 576 592
Operating and administrative 451 517 1,344 1,414
Voluntary protection contract expenses and insurance losses 159 143 479 434
Total expenses 791 866 2,399 2,440
Income (loss) before income taxes 565 735 1,593 1,500
Provision for income taxes 136 174 378 369
Net income $ 429 $ 561 $ 1,215 $ 1,131