XML 25 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
3 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events

Note 16 – Subsequent Event

 

In October 2014, TMCC authorized the sale of certain assets relating to its commercial finance business to a newly-formed subsidiary of Toyota Industries Corporation (TICO), which forms part of the group of companies known as the Toyota Group. We are currently evaluating the timing and other details of the transaction.  

The assets represent approximately $920 million of finance receivables, net and $871 million of investments in operating leases, net as of September 30, 2014. The impact resulting from this authorization of sale is not expected to be material to our financial statements.