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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Financing revenues:        
Operating lease $ 2,081 $ 2,122 $ 6,329 $ 6,365
Retail 830 749 2,442 2,144
Dealer 80 103 251 312
Total financing revenues 2,991 2,974 9,022 8,821
Depreciation on operating leases 1,460 1,450 4,400 4,484
Interest expense 346 491 1,055 1,534
Net financing revenues 1,185 1,033 3,567 2,803
Voluntary protection contract revenues and insurance earned premiums 255 241 758 714
Investment and other income, net 76 179 239 445
Net financing revenues and other revenues 1,516 1,453 4,564 3,962
Expenses:        
Provision for credit losses 45 118 110 366
Operating and administrative 394 354 1,163 1,088
Voluntary protection contract expenses and insurance losses 96 98 303 265
Total expenses 535 570 1,576 1,719
Income before income taxes 981 883 2,988 2,243
Provision for income taxes 233 215 697 546
Net income $ 748 $ 668 $ 2,291 $ 1,697