Finance Receivables, Net (Tables)

12 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	March 31,			March 31,
	2025			2024
Retail receivables 1	$	87,418		$	87,150
Dealer financing		16,521			16,181
		103,939			103,331
Deferred origination costs		1,227			1,399
Deferred income		(1,773	)		(1,424	)
Allowance for credit losses
Retail receivables		(1,544	)		(1,549	)
Dealer financing		(100	)		(88	)
Total allowance for credit losses		(1,644	)		(1,637	)
Finance receivables, net	$	101,749		$	101,669

1.Includes gross securitized retail receivables of $34.4 billion and $31.5 billion as of March 31, 2025 and 2024, 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, 2025
	2025		2024		2023		2022		2021		2020 and Prior		Total
Aging of finance receivables:
Current	$	32,049	$	24,235	$	14,395	$	9,095	$	4,094	$	941	$	84,809
30-59 days past due		198		377		384		295		147		57		1,458
60-89 days past due		57		110		112		80		41		18		418
90 days or greater past due		24		48		50		35		18		12		187
Total	$	32,328	$	24,770	$	14,941	$	9,505	$	4,300	$	1,028	$	86,872
Gross Charge-Offs	$	31	$	254	$	304	$	188	$	72	$	38	$	887

	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

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, 2025
	2025		2024		2023		2022		2021		2020 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	6,042	$	6,042
Credit Watch		-		-		-		-		-		-		408		408
At Risk		-		-		-		-		-		-		40		40
Default		-		-		-		-		-		-		8		8
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	6,498	$	6,498
Real estate
Performing	$	1,755	$	691	$	485	$	568	$	773	$	596	$	92	$	4,960
Credit Watch		55		89		8		22		2		32		-		208
At Risk		-		10		-		2		-		-		-		12
Default		4		-		-		-		-		-		-		4
Real estate total	$	1,814	$	790	$	493	$	592	$	775	$	628	$	92	$	5,184
Working Capital
Performing	$	775	$	420	$	204	$	152	$	105	$	181	$	2,789	$	4,626
Credit Watch		50		49		14		3		-		1		92		209
At Risk		-		-		-		-		-		-		4		4
Default		-		-		-		-		-		-		-		-
Working capital total	$	825	$	469	$	218	$	155	$	105	$	182	$	2,885	$	4,839
Total	$	2,639	$	1,259	$	711	$	747	$	880	$	810	$	9,475	$	16,521

For the twelve months ended March 31, 2025, there were no gross charge-offs in our dealer product portfolio.

	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.

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, 2025
	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	$	1,458	$	418	$	187	$	2,063	$	84,809	$	86,872	$	110
Wholesale		-		-		-		-		6,498		6,498		-
Real estate		-		-		-		-		5,184		5,184		-
Working capital		-		-		-		-		4,839		4,839		-
Total	$	1,458	$	418	$	187	$	2,063	$	101,330	$	103,393	$	110

Note 3 – Finance Receivables, Net (Continued)

	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