Finance Receivables, Net (Tables)

9 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	December 31,			March 31,
	2017			2017
Retail receivables	$	40,608		$	38,338
Securitized retail receivables		12,284			13,071
Dealer financing		17,092			17,899
		69,984			69,308
Deferred origination (fees) and costs, net		640			644
Deferred income		(1,225	)		(1,023	)
Allowance for credit losses
Retail and securitized retail receivables		(357	)		(344	)
Dealer financing		(134	)		(123	)
Total allowance for credit losses		(491	)		(467	)
Finance receivables, net	$	68,908		$	68,462

Finance Receivable Credit Quality Indicators

The tables below present each credit quality indicator by class of finance receivables:

	Retail Loan
	December 31,		March 31,
	2017		2017
Aging of finance receivables:
Current	$	51,710	$	50,631
30-59 days past due		860		586
60-89 days past due		228		129
90 days or greater past due		94		63
Total	$	52,892	$	51,409

	Wholesale				Real Estate				Working Capital
	December 31,		March 31,		December 31,		March 31,		December 31,		March 31,
	2017		2017		2017		2017		2017		2017
Credit quality indicators:
Performing	$	8,804	$	9,592	$	3,962	$	4,010	$	2,120	$	2,082
Credit Watch		1,184		1,269		637		613		149		143
At Risk		72		12		30		45		31		5
Default		54		78		43		45		6		5
Total	$	10,114	$	10,951	$	4,672	$	4,713	$	2,306	$	2,235

Summary of Impaired Loans by Class of Finance Receivable

The following table summarizes the information related to our impaired loans by class of finance receivables: 

	Impaired								Individually Evaluated
	Finance Receivables				Unpaid Principal Balance				Allowance
	December 31,		March 31,		December 31,		March 31,		December 31,		March 31,
	2017		2017		2017		2017		2017		2017
Impaired account balances individually evaluated for impairment with an allowance:
Wholesale	$	111	$	93	$	111	$	93	$	16	$	12
Real estate		80		94		80		94		3		12
Working capital		37		31		37		31		33		9
Total	$	228	$	218	$	228	$	218	$	52	$	33
Impaired account balances individually evaluated for impairment without an allowance:
Wholesale	$	74	$	134	$	74	$	134
Real estate		134		105		134		105
Working capital		22		-		22		-
Total	$	230	$	239	$	230	$	239
Impaired account balances aggregated and evaluated for impairment:
Retail loan	$	222	$	220	$	220	$	217
Total impaired account balances:
Retail loan	$	222	$	220	$	220	$	217
Wholesale		185		227		185		227
Real estate		214		199		214		199
Working capital		59		31		59		31
Total	$	680	$	677	$	678	$	674

The following table summarizes the average impaired loans by class of finance receivables as of the balance sheet date and the interest income recognized on these loans:

	Average Impaired FinanceReceivables								Interest Income Recognized
	Three Months Ended December 31,				Nine Months Ended December 31,				Three Months Ended December 31,				Nine Months Ended December 31,
	2017		2016		2017		2016		2017		2016		2017		2016
Impaired account balances individually evaluated for impairment with an allowance:
Wholesale	$	93	$	78	$	101	$	73	$	1	$	-	$	2	$	1
Real estate		84		89		89		97		-		1		2		2
Working capital		41		33		39		34		-		-		1		1
Total	$	218	$	200	$	229	$	204	$	1	$	1	$	5	$	4
Impaired account balances individually evaluated for impairment without an allowance:
Wholesale	$	86	$	125	$	110	$	158	$	1	$	1	$	3	$	3
Real estate		116		112		108		107		2		1		4		4
Working capital		11		-		6		1		1		-		1		-
Total	$	213	$	237	$	224	$	266	$	4	$	2	$	8	$	7
Impaired account balances aggregated and evaluated for impairment:
Retail loan	$	221	$	221	$	222	$	223	$	3	$	4	$	11	$	12
Total impaired account balances:
Retail loan	$	221	$	221	$	222	$	223	$	3	$	4	$	11	$	12
Wholesale		179		203		211		231		2		1		5		4
Real estate		200		201		197		204		2		2		6		6
Working capital		52		33		45		35		1		-		2		1
Total	$	652	$	658	$	675	$	693	$	8	$	7	$	24	$	23