Income Taxes	3 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 – Income Taxes Our effective tax rate was 38 percent for the three months ended June 30, 2016 and 34 percent for the three months ended June 30, 2015. Our provision for income taxes for the first quarter of fiscal 2017 was $146 million compared to $70 million for the same period in fiscal 2016. The increase in the provision for the first quarter of fiscal 2017 is consistent with the increase in our income before tax compared to the first quarter of fiscal 2016. Additionally, the tax rate for the first quarter of fiscal 2016 reflects a favorable impact from state tax law changes. Tax-related Contingencies As of June 30, 2016, we remain under IRS examination for fiscal 2016. The IRS examination for fiscal 2015 was concluded in the second quarter of fiscal 2017. We periodically review our uncertain tax positions. Our assessment is based on many factors including the ongoing IRS audits. For the quarter ended June 30, 2016, our assessment did not result in a material change in unrecognized tax benefits. Our deferred tax assets were $1.5 billion and $1.9 billion at June 30, 2016 and March 31, 2016, and were primarily due to the deferred deduction of allowance for credit losses and federal tax loss carryforwards that expire in fiscal 2035. The total deferred tax liability at June 30, 2016, net of these deferred tax assets, was $8.2 billion compared to $8.0 billion at March 31, 2016. Realization with respect to the federal tax loss carryforwards is dependent on sufficient income prior to expiration of the loss carryforwards. Although realization is not assured, management believes it is more likely than not that the deferred tax assets will be realized. The amount of the deferred tax assets considered realizable could be reduced if management’s estimates change.

Income Taxes

3 Months Ended

Jun. 30, 2016

Note 13 – Income Taxes

Our effective tax rate was 38 percent for the three months ended June 30, 2016 and 34 percent for the three months ended June 30, 2015. Our provision for income taxes for the first quarter of fiscal 2017 was $146 million compared to $70 million for the same period in fiscal 2016. The increase in the provision for the first quarter of fiscal 2017 is consistent with the increase in our income before tax compared to the first quarter of fiscal 2016. Additionally, the tax rate for the first quarter of fiscal 2016 reflects a favorable impact from state tax law changes.

Tax-related Contingencies

As of June 30, 2016, we remain under IRS examination for fiscal 2016. The IRS examination for fiscal 2015 was concluded in the second quarter of fiscal 2017.

We periodically review our uncertain tax positions. Our assessment is based on many factors including the ongoing IRS audits. For the quarter ended June 30, 2016, our assessment did not result in a material change in unrecognized tax benefits.

Our deferred tax assets were $1.5 billion and $1.9 billion at June 30, 2016 and March 31, 2016, and were primarily due to the deferred deduction of allowance for credit losses and federal tax loss carryforwards that expire in fiscal 2035. The total deferred tax liability at June 30, 2016, net of these deferred tax assets, was $8.2 billion compared to $8.0 billion at March 31, 2016. Realization with respect to the federal tax loss carryforwards is dependent on sufficient income prior to expiration of the loss carryforwards. Although realization is not assured, management believes it is more likely than not that the deferred tax assets will be realized. The amount of the deferred tax assets considered realizable could be reduced if management’s estimates change.