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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenues:        
Retail $ 553 $ 363 $ 1,487 $ 1,081
Dealer 60 33 162 74
Operating leases 1,504 1,588 4,571 5,043
Total revenues 2,117 1,984 6,220 6,198
Leased vehicle expenses 1,066 1,178 3,286 3,740
Interest expense 466 234 1,185 614
Net revenues 585 572 1,749 1,844
Other income, net 30 27 85 65
Total net revenues 615 599 1,834 1,909
Expenses:        
General and administrative expenses 121 112 377 355
Provision for credit losses 74 49 222 101
Early termination loss on operating leases 30 20 70 33
(Gain)/Loss on derivative instruments (308) (404) (132) 722
(Gain)/Loss on foreign currency revaluation of debt 235 401 77 (476)
Total expenses 152 178 614 735
Income before income taxes 463 421 1,220 1,174
Income tax expense 124 111 345 310
Net income 339 310 875 864
Less: Net income attributable to noncontrolling interest 7 19 50 73
Net income attributable to American Honda Finance Corporation $ 332 $ 291 $ 825 $ 791