Related Party Transactions (Disclosure)

9 Months Ended

Dec. 31, 2011

Related Party Transaction Due From To Related Party Abstract

Related Party Transactions Disclosure Text Block

Note 15 – Related Party Transactions

As of December 31, 2011, there were no material changes to our related party agreements or relationships as described in our fiscal 2011 Form 10-K, except as described below. The tables below summarize amounts included in our Consolidated Statement of Income and Consolidated Balance Sheet under various related party agreements or relationships:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
(Dollars in millions)			2011		20101		2011		20101
Net financing revenues:
	Manufacturers’ subvention support and other revenues	$	233	$	242	$	719	$	715
	Credit support fees incurred	$	(9)	$	(9)	$	(25)	$	(26)
	Foreign exchange loss on loans payable to affiliates	$	(3)	$	(35)	$	(97)	$	(162)
	Interest expense on loans payable to affiliates	$	(14)	$	(12)	$	(37)	$	(36)
Insurance earned premiums and contract revenues:
	Affiliate insurance premiums and contract revenues	$	54	$	47	$	163	$	111
Investments and other income, net:
	Interest earned on notes receivable from affiliates	$	-	$	1	$	1	$	3
Expenses:
	Shared services charges and other expenses	$	16	$	95	$	50	$	239
	Employee benefits expense	$	-	$	5	$	20	$	20
1Prior period amounts have been reclassified to conform to current period presentation.

Note 15 – Related Party Transactions (Continued)
(Dollars in millions)			December 31, 2011		March 31, 2011
Assets:
Investments in marketable securities
	Investments in marketable securities		$	1	$	-
Finance receivables, net
	Accounts receivable from affiliates		$	20	$	18
	Direct finance receivables from affiliates		$	4	$	5
	Notes receivable under home loan programs		$	19	$	21
	Deferred retail subvention income from affiliates		$	(628)	$	(732)
Investments in operating leases, net
	Leases to affiliates		$	4	$	5
	Deferred lease subvention income from affiliates		$	(629)	$	(761)
Other assets
	Notes receivable from affiliates		$	973	$	653
	Other receivables from affiliates		$	183	$	157
	Subvention support receivable from affiliates		$	77	$	109
Liabilities:
Debt
	Loans payable to affiliates		$	4,294	$	4,197
Other liabilities
	Unearned affiliate insurance premiums and
		contract revenues	$	295	$	364
	Accounts payable to affiliates		$	172	$	242
	Notes payable to affiliate		$	61	$	61
Shareholder’s Equity:
Dividends paid			$	741	$	266
Stock based compensation			$	2	$	1

TMCC-BTB Loan Agreement

During October 2011, TMCC entered into an uncommitted loan finance agreement with Banco Toyota do Brasil (“BTB”) under which TMCC may make loans to BTB in amounts not to exceed $300 million.The terms are determined at the time each loan is made based on business factors and market conditions. Notes receivablefrom BTB at December 31, 2011was $125 million.

TMCC-TFA Loan Agreement

During September 2011, TMCC entered into an uncommitted loan finance agreement with Toyota Finance Australia Limited (“TFA”) under which TMCC may make loans to TFA in amounts not to exceed $1 billion, and TFA may make loans to TMCC in amounts not to exceed $1 billion. The terms are determined at the time each loan is made based on business factors and market conditions. Notes receivablefrom TFA at December 31, 2011 was $250 million.