Derivatives, Hedging Activities and Interest Expense (Tables)

12 Months Ended

Mar. 31, 2019

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 in our Consolidated Balance Sheets:

	March 31, 2019
	Non-hedge
	accountingderivatives
			Fair
	Notional		value
Other assets:
Interest rate swaps	$	49,254	$	472
Foreign currency swaps		2,771		72
Total	$	52,025	$	544
Counterparty netting				(441	)
Collateral held				(42	)
Carrying value of derivative contracts – Other assets			$	61
Other liabilities:
Interest rate swaps	$	57,593	$	622
Foreign currency swaps		9,796		785
Total	$	67,389	$	1,407
Counterparty netting				(441	)
Collateral posted				(940	)
Carrying value of derivative contracts – Other liabilities			$	26

Note 6 – Derivatives, Hedging Activities and Interest Expense (Continued)

	March 31, 2018
	Hedge accounting				Non-hedge
	derivatives				accountingderivatives				Total
			Fair				Fair				Fair
	Notional		value		Notional		value		Notional		value
Other assets:
Interest rate swaps	$	-	$	-	$	71,464	$	872	$	71,464	$	872
Interest rate floors		-		-		847		1		847		1
Foreign currency swaps		119		8		7,248		477		7,367		485
Total	$	119	$	8	$	79,559	$	1,350	$	79,678	$	1,358
Counterparty netting												(560	)
Collateral held												(737	)
Carrying value of derivative    contracts – Other assets											$	61
Other liabilities:
Interest rate swaps	$	-	$	-	$	41,513	$	628	$	41,513	$	628
Foreign currency swaps		-		-		5,863		200		5,863		200
Total	$	-	$	-	$	47,376	$	828	$	47,376	$	828
Counterparty netting												(560	)
Collateral posted												(262	)
Carrying value of derivative    contracts – Other liabilities											$	6

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,
	2019			2018			2017
Interest expense on debt	$	2,559		$	1,970		$	1,570
Interest income on derivatives		(53	)		(67	)		(18	)
Interest expense on debt and derivatives		2,506			1,903			1,552
(Gains) losses on non-hedge accounting debt denominated in foreign currencies		(1,078	)		1,344			(652	)
Losses (gains) on non-hedge accounting foreign currency swaps		1,015			(1,306	)		880
Losses (gains) on U.S. dollar non-hedge accounting interest rate swaps		304			(90	)		(26	)
Total interest expense	$	2,747		$	1,851		$	1,754