Derivatives, Hedging Activities and Interest Expense (Tables)

12 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Activity Impact on Consolidated Balance Sheet

The following tables show the financial statement line item and amount of our derivative assets and liabilities that are reported on our Consolidated Balance Sheets:

	March 31, 2025					March 31, 2024
			Fair					Fair
	Notional		value			Notional		value
Other assets:
Interest rate swaps	$	41,880	$	363		$	71,830	$	1,149
Foreign currency swaps		3,497		132			1,759		89
Total	$	45,377	$	495		$	73,589	$	1,238
Counterparty netting				(207	)				(346	)
Collateral held				(242	)				(851	)
Carrying value of derivative contracts – Other assets			$	46				$	41
Other liabilities:
Interest rate swaps	$	64,440	$	31		$	38,920	$	52
Foreign currency swaps		7,026		717			7,433		918
Total	$	71,466	$	748		$	46,353	$	970
Counterparty netting				(207	)				(346	)
Collateral posted				(514	)				(601	)
Carrying value of derivative contracts – Other liabilities			$	27				$	23

Components of Interest Expense

The following table summarizes the components of interest expense, including the location and amount of gains and losses on derivative instruments and related hedged items, as reported in our Consolidated Statements of Income:

	Years Ended March 31,
	2025			2024			2023
Interest expense on debt	$	5,667		$	4,936		$	2,919
Interest expense (income) on derivatives		34			(661	)		(569	)
Interest expense on debt and derivatives		5,701			4,275			2,350
Gains on debt denominated in  foreign currencies		(96	)		(80	)		(614	)
(Gains) losses on foreign currency swaps		(108	)		(90	)		805
Losses on U.S. dollar interest rate swaps		328			600			513
Total interest expense	$	5,825		$	4,705		$	3,054