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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Financing revenues:        
Operating lease $ 1,160 $ 1,236 $ 3,542 $ 3,652
Retail 582 690 1,818 2,140
Dealer 93 97 265 287
Total financing revenues 1,835 2,023 5,625 6,079
Depreciation on operating leases 844 872 2,498 2,507
Interest expense 163 234 769 1,318
Net financing revenues 828 917 2,358 2,254
Insurance earned premiums and contract revenues 150 141 453 396
Investment and other income, net 62 118 93 207
Net financing revenues and other revenues 1,040 1,176 2,904 2,857
Expenses:        
Provision for credit losses 56 (176) (136) (479)
Operating and administrative 208 278 617 785
Insurance losses and loss adjustment expenses 78 61 247 177
Total expenses 342 163 728 483
Income before income taxes 698 1,013 2,176 2,374
Provision for income taxes 266 387 828 909
Net income $ 432 $ 626 $ 1,348 $ 1,465