The following table provides information related to our allowance for credit losses on finance receivables and investments in operating leases:

	Three Months Ended
	June 30,
(Dollars in millions)	2014		2013
Allowance for credit losses at beginning of period	$	454	$	527
Provision for credit losses		38		11
Charge-offs, net of recoveries		(45)		(37)
Allowance for credit losses at end of period	$	447	$	501

Charge-offs are shown net of recoveries of $22 million and $24 million for the three months ended June 30, 2014 and 2013, respectively.

The following tables provide information related to our allowance for credit losses and finance receivables by portfolio segment for the three months ended June 30, 2014 and 2013:


(Dollars in millions)	Retail Loan		Commercial		Dealer Products		Total

Allowance for Credit Losses for Finance Receivables:

Beginning balance, April 1, 2014	$	296	$	2	$	88	$	386
Charge-offs		(52)		-		-		(52)
Recoveries		16		-		-		16
Provisions		31		-		-		31
Ending balance, June 30, 2014	$	291	$	2	$	88	$	381

Ending balance: Individually evaluated for impairment	$	-	$	-	$	31	$	31
Ending balance: Collectively evaluated for impairment	$	291	$	2	$	57	$	350

Gross Finance Receivables:

Ending balance, June 30, 2014	$	49,758	$	455	$	15,670	$	65,883
Ending balance: Individually evaluated for impairment	$	-	$	-	$	219	$	219
Ending balance: Collectively evaluated for impairment	$	49,758	$	455	$	15,451	$	65,664

The ending balance of gross finance receivables collectively evaluated for impairment includes approximately $312 million and $1 million of finance receivables within the retail loan and commercial portfolio segments, respectively, that are specifically identified as impaired. These amounts are aggregated with their respective portfolio segments when determining the allowance for credit losses as of June 30, 2014, as they are deemed to be insignificant for individual evaluation and we have determined that the allowance for credit losses would not be materially different if the amounts had been individually evaluated for impairment. The ending balance of gross finance receivables for the dealer products portfolio segment collectively evaluated for impairment as of June 30, 2014 includes $862 million in receivables which are guaranteed by Toyota Motor Sales, U.S.A., Inc. (“TMS”) and $148 million in receivables which are guaranteed by private Toyota distributors. These receivables are related to certain Toyota and Lexus dealers and other third parties to which we provided financing at the request of TMS or such private distributors.

(Dollars in millions)	Retail Loan		Commercial		Dealer Products		Total

Allowance for Credit Losses for Finance Receivables:

Beginning balance, April 1, 2013	$	333	$	5	$	107	$	445
Charge-offs		(49)		(1)		-		(50)
Recoveries		19		-		-		19
Provisions		6		(1)		5		10
Ending balance, June 30, 2013	$	309	$	3	$	112	$	424

Ending balance: Individually evaluated for impairment	$	-	$	-	$	35	$	35
Ending balance: Collectively evaluated for impairment	$	309	$	3	$	77	$	389

Gross Finance Receivables:

Ending balance, June 30, 2013	$	48,347	$	379	$	15,793	$	64,519
Ending balance: Individually evaluated for impairment	$	-	$	-	$	240	$	240
Ending balance: Collectively evaluated for impairment	$	48,347	$	379	$	15,553	$	64,279

The ending balance of gross finance receivables collectively evaluated for impairment includes approximately $389 million and $1 million of finance receivables within the retail loan and commercial portfolio segments, respectively, that are specifically identified as impaired. These amounts are aggregated with their respective portfolio segments when determining the allowance for credit losses as of June 30, 2013, as they are deemed to be insignificant for individual evaluation and we have determined that the allowance for credit losses would not be materially different if the amounts had been individually evaluated for impairment. The ending balance of gross finance receivables for the dealer products portfolio segment collectively evaluated for impairment as of June 30, 2013 includes $824 million in receivables which are guaranteed by TMS and $156 million in receivables which are guaranteed by private Toyota distributors. These receivables are related to certain Toyota and Lexus dealers and other third parties to which we provided financing at the request of TMS or such private distributors.

Substantially all retail, direct finance lease, and operating lease receivables do not involve recourse to the dealer in the event of customer default. Finance and operating lease receivables 60 or more days past due include accounts in bankruptcy and exclude accounts for which vehicles have been repossessed.

The following tables summarize the aging of finance receivables by class as of June 30, 2014 and March 31, 2014:

(Dollars in millions)	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Finance Receivables		90 Days or Greater Past Due and Accruing

As of June 30, 2014

Retail loan	$	522	$	121	$	37	$	680	$	49,078	$	49,758	$	37
Commercial		8		1		-		9		446		455		-
Wholesale		-		-		-		-		9,149		9,149		-
Real estate		4		-		1		5		4,644		4,649		-
Working capital		-		-		-		-		1,872		1,872		-
Total	$	534	$	122	$	38	$	694	$	65,189	$	65,883	$	37

(Dollars in millions)	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Total Finance Receivables		90 Days or Greater Past Due and Accruing

As of March 31, 2014

Retail loan	$	459	$	90	$	33	$	582	$	48,828	$	49,410	$	33
Commercial		6		1		-		7		432		439		-
Wholesale		-		-		-		-		9,436		9,436		-
Real estate		4		1		-		5		4,653		4,658		-
Working capital		-		-		-		-		1,831		1,831		-
Total	$	469	$	92	$	33	$	594	$	65,180	$	65,774	$	33