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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Revenues:        
Direct financing leases $ 16 $ 34 $ 59 $ 109
Retail 297 322 899 985
Dealer 30 29 90 88
Operating leases 1,398 1,233 4,059 3,575
Total revenues 1,741 1,618 5,107 4,757
Depreciation on operating leases 1,119 986 3,236 2,832
Interest expense 148 142 431 438
Net revenues 474 490 1,440 1,487
Gain on disposition of lease vehicles 4   34 38
Other income 26 26 74 74
Total net revenues 504 516 1,548 1,599
Expenses:        
General and administrative expenses 98 99 301 298
Provision for credit losses 43 34 109 85
Early termination loss on operating leases 1 11 30 29
Loss on lease residual values 4 2 7 4
Loss on derivative instruments 65 61 62 193
Gain on foreign currency revaluation of debt (71) (71) (36) (250)
Total expenses 140 136 473 359
Income before income taxes 364 380 1,075 1,240
Income tax expense 141 172 385 474
Net income 223 208 690 766
Less: Net income attributable to noncontrolling interest 15 14 44 49
Net income attributable to American Honda Finance Corporation $ 208 $ 194 $ 646 $ 717