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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:      
Net income $ 1,712 $ 1,460 $ 979
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,221 4,301 5,205
Recognition of deferred income and fees (1,604) (1,507) (1,797)
Provision for credit losses 768 839 713
Amortization of deferred costs 1,044 1,030 1,029
Foreign currency and other adjustments to the carrying value of financial instruments, net 41 180 206
Net (gains) losses from investments in marketable securities (90) (145) 375
Net change in:      
Derivative assets (5) 10 10
Other assets and accrued interest 42 91 (1,040)
Deferred income taxes (302) (453) 2,173
Derivative liabilities 4 6 (8)
Other liabilities 472 1,003 (505)
Net cash provided by operating activities 6,303 6,815 7,340
Cash flows from investing activities:      
Purchase of investments in marketable securities (681) (727) (2,467)
Proceeds from sales of investments in marketable securities 593 1,282 1,902
Proceeds from maturities of investments in marketable securities 122 113 59
Acquisition of finance receivables (52,117) (54,549) (49,105)
Collection of finance receivables 51,241 44,692 41,309
Net change in certain wholesale receivables 267 (2,442) (930)
Acquisition of investments in operating leases (17,870) (13,755) (9,617)
Proceeds from disposals of investments in operating leases 11,730 11,888 11,001
Long term loans to affiliates (1,536) (1,145) (760)
Payments on long term loans from affiliates 545 669 340
Net change in financing support provided to affiliates 67 (5) (36)
Other, net (52) (74) (83)
Net cash used in investing activities (7,691) (14,053) (8,387)
Cash flows from financing activities:      
Proceeds from issuance of debt 47,799 43,413 38,797
Payments on debt (42,573) (33,498) (35,374)
Net change in commercial paper and other short-term financing 53 635 (1,088)
Net change in financing support provided by affiliates 7 0 0
Dividend paid (1,460) (979) (2,535)
Net cash provided by (used in) financing activities 3,826 9,571 (200)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 2,438 2,333 (1,247)
Cash and cash equivalents and restricted cash and cash equivalents at the beginning of the period 10,821 8,488 9,735
Cash and cash equivalents and restricted cash and cash equivalents at the end of the period 13,259 10,821 8,488
Supplemental disclosures:      
Interest paid, net 5,073 4,010 2,375
Income taxes paid (received), net $ 540 $ 57 $ (462)