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Income Taxes - Deferred Tax Liabilities and Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Mar. 31, 2024
Liabilities:    
Lease transactions $ 3,181 $ 3,493
Voluntary protection dealer commissions 485 439
State taxes, net of federal tax benefit 237 271
Other 101 73
Deferred tax liabilities 4,004 4,276
Assets:    
Provision for credit and residual value losses 503 517
Deferred costs and fees 235 210
Mark-to-market of investments in marketable securities and derivatives 171 186
Lease obligations 38 19
Accrued expenses 26 40
Net operating loss and tax credit carryforwards 15 14
Other 43 19
Deferred tax assets 1,031 1,005
Valuation allowance 0 (1)
Net deferred tax assets 1,031 1,004
Net deferred income tax liability [1] $ 2,973 $ 3,272
[1] Balance includes deferred tax assets of $15 million and $18 million at March 31, 2025 and 2024, respectively, attributable to unrealized losses included in accumulated other comprehensive loss. The change in this balance is not included in the total deferred tax expense.