XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Financing revenues:        
Operating lease $ 2,122 $ 2,212 $ 6,365 $ 6,593
Retail 749 661 2,144 1,888
Dealer 103 171 312 544
Total financing revenues 2,974 3,044 8,821 9,025
Depreciation on operating leases 1,450 1,712 4,484 4,920
Interest expense 491 755 1,534 2,065
Net financing revenues 1,033 577 2,803 2,040
Insurance earned premiums and contract revenues 241 231 714 692
Investment and other income, net 179 57 445 272
Net financing revenues and other revenues 1,453 865 3,962 3,004
Expenses:        
Provision for credit losses 118 128 366 264
Operating and administrative 354 406 1,088 1,101
Insurance losses and loss adjustment expenses 98 116 265 344
Total expenses 570 650 1,719 1,709
Income before income taxes 883 215 2,243 1,295
Provision for income taxes 215 34 546 296
Net income $ 668 $ 181 $ 1,697 $ 999