Segment Information

3 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Segment Information

Note 15 – Segment Information
Financial information for our reportable operating segments for the three and six months ended
September 30, 2012 is summarized as follows (dollars in millions):
		Finance		Insurance		Intercompany
Fiscal 2013:		operations		operations		eliminations		Total
Three Months Ended September 30, 2012
Total financing revenues		$	1,805	$	-	$	6	$	1,811
Insurance earned premiums and contract revenues			-		151		(6)		145
Investment and other income, net			11		27		-		38
Total gross revenues			1,816		178		-		1,994
Less:
	Depreciation on operating leases		880		-		-		880
	Interest expense		283		-		-		283
	Provision for credit losses		3		-		-		3
	Operating and administrative expenses		187		42		-		229
	Insurance losses and loss adjustment expenses		-		73		-		73
	Provision for income taxes		177		23		-		200
Net income		$	286	$	40	$	-	$	326
Six Months Ended September 30, 2012
Total financing revenues		$	3,596	$	-	$	12	$	3,608
Insurance earned premiums and contract revenues			-		307		(12)		295
Investment and other income, net			21		52		-		73
Total gross revenues			3,617		359		-		3,976
Less:
	Depreciation on operating leases		1,735		-		-		1,735
	Interest expense		341		-		-		341
	Provision for credit losses		19		-		-		19
	Operating and administrative expenses		360		85		-		445
	Insurance losses and loss adjustment expenses		-		154		-		154
	Provision for income taxes		434		45		-		479
Net income		$	728	$	75	$	-	$	803
Total assets at September 30, 2012		$	90,230	$	3,453	$	(555)	$	93,128

Note 15 – Segment Information (Continued)
Financial information for our reportable operating segments for the three and six months ended
September 30, 2011 is summarized as follows (dollars in millions):
		Finance		Insurance		Intercompany
Fiscal 2012:		operations		operations		eliminations		Total
Three Months Ended September 30, 2011
Total financing revenues		$	1,867	$	-	$	3	$	1,870
Insurance earned premiums and contract revenues			-		156		(3)		153
Investment and other income			10		(18)		(1)		(9)
Total gross revenues			1,877		138		(1)		2,014
Less:
	Depreciation on operating leases		829		-		-		829
	Interest expense		150		-		(1)		149
	Provision for credit losses		11		-		-		11
	Operating and administrative expenses		175		37		-		212
	Insurance losses and loss adjustment expenses		-		83		-		83
	Provision for income taxes		274		5		-		279
Net income		$	438	$	13	$	-	$	451
Six Months Ended September 30, 2011
Total financing revenues		$	3,783	$	-	$	7	$	3,790
Insurance earned premiums and contract revenues			-		310		(7)		303
Investment and other income			22		12		(3)		31
Total gross revenues			3,805		322		(3)		4,124
Less:
	Depreciation on operating leases		1,654		-		-		1,654
	Interest expense		609		-		(3)		606
	Provision for credit losses		(192)		-		-		(192)
	Operating and administrative expenses		333		76		-		409
	Insurance losses and loss adjustment expenses		-		169		-		169
	Provision for income taxes		536		26		-		562
Net income		$	865	$	51	$	-	$	916
Total assets at September 30, 2011		$	85,998	$	3,165	$	(491)	$	88,672