Allowance for Credit Losses (Tables)

12 Months Ended

Mar. 31, 2021

Loans And Leases Receivable Disclosure [Abstract]

Allowance for Credit Losses and Finance Receivables by Portfolio Segment

The following tables provide information related to our allowance for credit losses for finance receivables and certain off-balance sheet lending commitments by portfolio segment:

	Year ended March 31, 2021
	Retail loan			Dealer products			Total
Beginning balance, April 1, 2020	$	486		$	241		$	727
Adoption of ASU 2016-13 1		281			11			292
Charge-offs		(287	)		-			(287	)
Recoveries		48			9			57
Provision for credit losses		547			(121	)		426
Ending balance, March 31, 2021 2	$	1,075		$	140		$	1,215

^{1 Cumulative pre-tax adjustments recorded to retained earnings as of April 1, 2020.  See Note 1 – Basis of Presentation and Significant Accounting Policies for additional information.}

^{2 Ending balance includes $37 million of allowance for credit losses related to off-balance sheet commitments in the dealer products portfolio which is included in Other liabilities in the Consolidated Balance Sheet.}

	Year ended March 31, 2020 1
Allowance for Credit Losses for Finance Receivables:	Retail loan			Dealer products			Total
Beginning balance, April 1, 2019	$	304		$	195		$	499
Charge-offs		(358	)		(12	)		(370	)
Recoveries		50			-			50
Provision for credit losses		490			58			548
Ending balance, March 31, 2020	$	486		$	241		$	727

^{1 The comparative period’s information continues to be reported under the relevant accounting presentation in effect for that period.}

Finance receivables for the dealer products portfolio segment as of March 31, 2020 includes $1,047 million in finance receivables that are guaranteed by TMNA, and $140 million in finance receivables that are guaranteed by third-party private Toyota distributors.  These finance receivables are related to certain Toyota and Lexus dealers and other third parties to whom we provided financing at the request of TMNA and third-party private Toyota distributors.