Liquidity Facilities and Letters of Credit	12 Months Ended
Mar. 31, 2012
Liquidy Facilities and Letters of Credit [Abstract]
Liquidity Facilities and Letters of Credit	Note 11 – Liquidity Facilities and Letters of Credit For additional liquidity purposes, we maintain syndicated credit facilities with certain banks. 364 Day Credit Agreement, Three Year Credit Agreement and Five Year Credit Agreement In March 2011, TMCC, its subsidiary Toyota Credit de Puerto Rico Corp. (“TCPR”), and other Toyota affiliates entered into a $5.0 billion 364 day syndicated bank credit facility pursuant to a 364 Day Credit Agreement, a $5.0 billion three year syndicated bank credit facility pursuant to a Three Year Credit Agreement expiring in fiscal 2014, and a $3.0 billion five year syndicated bank credit facility pursuant to a Five Year Credit Agreement expiring in fiscal 2016. In February 2012, the 364 Day Credit Agreement was renewed for an additional 364 days. Additionally, in March 2012, $4.3 billion of the original $5.0 billion under the Three Year Credit Agreement was extended for one additional year through fiscal 2015, and $2.6 billion of the original $3.0 billion under the Five Year Credit Agreement was extended for one additional year through fiscal 2017. The ability to make draws is subject to covenants and conditions customary in transactions of this nature, including negative pledge provisions, cross-default provisions and limitations on consolidations, mergers and sales of assets. These agreements may be used for general corporate purposes and none were drawn upon as of March 31, 2012 and March 31, 2011. Committed Revolving Asset-backed Commercial Paper Facility In January 2012, we renewed a 364 day revolving securitization facility with certain bank-sponsored asset-backed commercial paper conduits and other financial institutions (“funding agents”). Under the terms of this facility, the funding agents are contractually committed, at our option, to purchase eligible retail finance receivables from us and make advances up to a facility limit of $3.0 billion. Prior to the renewal, the facility limit was $4.0 billion. This revolving facility allows us to obtain term funding up to the renewal date. Any portion of the facility that is not renewed is repaid as the underlying assets amortize. As of March 31, 2012, approximately $2.4 billion of this facility was utilized, including $378 million utilized during fiscal 2012. We may obtain additional funding as we pay down the outstanding debt in conjunction with the amortization of transferred receivables, subject to having a sufficient amount of eligible receivables. Our utilization and renewal strategies are driven by economic considerations as well as our funding and liquidity needs. Other Credit Agreements TMCC has entered into additional bank credit facilities. As of March 31, 2012, TMCC has committed bank credit facilities of $1.5 billion that mature in fiscal 2013 and $650 million that mature in fiscal 2014. An uncommitted bank credit facility in the amount of $500 million matures in fiscal 2013. These agreements contain covenants and conditions customary in transactions of this nature, including negative pledge provisions, cross-default provisions and limitations on consolidations, mergers and sales of assets. These credit facilities were not drawn upon as of March 31, 2012 and March 31, 2011. We are in compliance with the covenants and conditions of the credit agreements described above.

Liquidity Facilities and Letters of Credit

12 Months Ended

Mar. 31, 2012

Liquidy Facilities and Letters of Credit [Abstract]

Liquidity Facilities and Letters of Credit

Note 11 – Liquidity Facilities and Letters of Credit

For additional liquidity purposes, we maintain syndicated credit facilities with certain banks.

364 Day Credit Agreement, Three Year Credit Agreement and Five Year Credit Agreement

In March 2011, TMCC, its subsidiary Toyota Credit de Puerto Rico Corp. (“TCPR”), and other Toyota affiliates entered into a $5.0 billion 364 day syndicated bank credit facility pursuant to a 364 Day Credit Agreement, a $5.0 billion three year syndicated bank credit facility pursuant to a Three Year Credit Agreement expiring in fiscal 2014, and a $3.0 billion five year syndicated bank credit facility pursuant to a Five Year Credit Agreement expiring in fiscal 2016. In February 2012, the 364 Day Credit Agreement was renewed for an additional 364 days. Additionally, in March 2012, $4.3 billion of the original $5.0 billion under the Three Year Credit Agreement was extended for one additional year through fiscal 2015, and $2.6 billion of the original $3.0 billion under the Five Year Credit Agreement was extended for one additional year through fiscal 2017.

The ability to make draws is subject to covenants and conditions customary in transactions of this nature, including negative pledge provisions, cross-default provisions and limitations on consolidations, mergers and sales of assets. These agreements may be used for general corporate purposes and none were drawn upon as of March 31, 2012 and March 31, 2011.

Committed Revolving Asset-backed Commercial Paper Facility

In January 2012, we renewed a 364 day revolving securitization facility with certain bank-sponsored asset-backed commercial paper conduits and other financial institutions (“funding agents”). Under the terms of this facility, the funding agents are contractually committed, at our option, to purchase eligible retail finance receivables from us and make advances up to a facility limit of $3.0 billion. Prior to the renewal, the facility limit was $4.0 billion. This revolving facility allows us to obtain term funding up to the renewal date. Any portion of the facility that is not renewed is repaid as the underlying assets amortize. As of March 31, 2012, approximately $2.4 billion of this facility was utilized, including $378 million utilized during fiscal 2012. We may obtain additional funding as we pay down the outstanding debt in conjunction with the amortization of transferred receivables, subject to having a sufficient amount of eligible receivables. Our utilization and renewal strategies are driven by economic considerations as well as our funding and liquidity needs.

Other Credit Agreements

TMCC has entered into additional bank credit facilities. As of March 31, 2012, TMCC has committed bank credit facilities of $1.5 billion that mature in fiscal 2013 and $650 million that mature in fiscal 2014. An uncommitted bank credit facility in the amount of $500 million matures in fiscal 2013. These agreements contain covenants and conditions customary in transactions of this nature, including negative pledge provisions, cross-default provisions and limitations on consolidations, mergers and sales of assets. These credit facilities were not drawn upon as of March 31, 2012 and March 31, 2011.

We are in compliance with the covenants and conditions of the credit agreements described above.