Derivatives, Hedging Activities and Interest Expense (Tables)

12 Months Ended

Mar. 31, 2020

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, 2020					March 31, 2019
			Fair					Fair
	Notional		value			Notional		value
Other assets:
Interest rate swaps	$	30,362	$	1,410		$	49,254	$	472
Foreign currency swaps		488		27			2,771		72
Total	$	30,850	$	1,437		$	52,025	$	544
Counterparty netting				(966	)				(441	)
Collateral held				(420	)				(42	)
Carrying value of derivative contracts – Other assets			$	51				$	61
Other liabilities:
Interest rate swaps	$	69,079	$	1,826		$	57,593	$	622
Foreign currency swaps		13,181		1,290			9,796		785
Total	$	82,260	$	3,116		$	67,389	$	1,407
Counterparty netting				(966	)				(441	)
Collateral posted				(2,105	)				(940	)
Carrying value of derivative contracts – Other liabilities			$	45				$	26

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,
	2020			2019			2018
Interest expense on debt	$	2,488		$	2,559		$	1,970
Interest expense (income) on derivatives		180			(53	)		(67	)
Interest expense on debt and derivatives		2,668			2,506			1,903
(Gains) losses on debt denominated in foreign currencies		(703	)		(1,078	)		1,344
Losses (gains) on foreign currency swaps		650			1,015			(1,306	)
Losses (gains) on U.S. dollar interest rate swaps		219			304			(90	)
Total interest expense	$	2,834		$	2,747		$	1,851