Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables summarize our financial assets and financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy except for certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are excluded from the leveling information provided in the tables below. Fair value amounts presented below are intended to permit reconciliation of the fair value hierarchy to the amounts presented in our Consolidated Balance Sheets.

	December 31, 2022
								Counterparty
								netting &			Fair
	Level 1		Level 2			Level 3		collateral			value
Investments in marketable securities:
Available-for-sale debt securities:
U.S. government and agency obligations	$	633	$	4		$	-	$	-		$	637
Foreign government and agency obligations		-		11			-		-			11
Municipal debt securities		-		8			-		-			8
Corporate debt securities		-		389			-		-			389
Mortgage-backed securities:
U.S. government agency		-		50			-		-			50
Non-agency residential		-		5			3		-			8
Non-agency commercial		-		55			22		-			77
Asset-backed securities		-		53			10		-			63
Available-for-sale debt securities total		633		575			35		-			1,243
Equity investments:
Fixed income mutual funds:
Fixed income mutual funds measured at    net asset value												1,021
Total return bond funds		1,441		-			-		-			1,441
Equity mutual funds		813		-			-		-			813
Equity investments total		2,254		-			-		-			3,275
Investments in marketable securities total		2,887		575			35		-			4,518
Derivative assets:
Interest rate swaps		-		2,093			-		-			2,093
Foreign currency swaps		-		13			-		-			13
Counterparty netting and collateral		-		-			-		(2,052	)		(2,052	)
Derivative assets total		-		2,106			-		(2,052	)		54
Assets at fair value		2,887		2,681			35		(2,052	)		4,572
Derivative liabilities:
Interest rate swaps		-		(779	)		-		-			(779	)
Foreign currency swaps		-		(1,317	)		-		-			(1,317	)
Counterparty netting and collateral		-		-			-		2,095			2,095
Liabilities at fair value		-		(2,096	)		-		2,095			(1	)
Net assets at fair value	$	2,887	$	585		$	35	$	43		$	4,571

	March 31, 2022
								Counterparty
								netting &			Fair
	Level 1		Level 2			Level 3		collateral			value
Investments in marketable securities:
Available-for-sale debt securities:
U.S. government and agency obligations	$	504	$	5		$	-	$	-		$	509
Foreign government and agency obligations		-		23			-		-			23
Municipal debt securities		-		10			-		-			10
Corporate debt securities		-		568			-		-			568
Mortgage-backed securities:
U.S. government agency		-		20			-		-			20
Non-agency residential		-		7			3		-			10
Non-agency commercial		-		78			8		-			86
Asset-backed securities		-		75			3		-			78
Available-for-sale debt securities total		504		786			14		-			1,304
Equity investments:
Fixed income mutual funds:
Fixed income mutual funds measured at    net asset value												1,137
Total return bond funds		1,576		-			-		-			1,576
Equity mutual funds		936		-			-		-			936
Equity investments total		2,512		-			-		-			3,649
Investments in marketable securities total		3,016		786			14		-			4,953
Derivative assets:
Interest rate swaps		-		1,425			-		-			1,425
Foreign currency swaps		-		55			-		-			55
Counterparty netting and collateral		-		-			-		(1,419	)		(1,419	)
Derivative assets total		-		1,480			-		(1,419	)		61
Assets at fair value		3,016		2,266			14		(1,419	)		5,014
Derivative liabilities:
Interest rate swaps		-		(822	)		-		-			(822	)
Foreign currency swaps		-		(717	)		-		-			(717	)
Counterparty netting and collateral		-		-			-		1,514			1,514
Liabilities at fair value		-		(1,539	)		-		1,514			(25	)
Net assets at fair value	$	3,016	$	727		$	14	$	95		$	4,989

Financial Assets and Liabilities Not Carried at Fair Value on Recurring Basis on Consolidated Balance Sheets

The following tables provide information about assets and liabilities not carried at fair value on a recurring basis on our Consolidated Balance Sheets:

	December 31, 2022
	Carrying								Total Fair
	value		Level 1		Level 2		Level 3		value
Financial assets
Finance receivables
Retail loan	$	77,786	$	-	$	-	$	76,370	$	76,370
Wholesale		3,900		-		-		3,881		3,881
Real estate		4,889		-		-		4,827		4,827
Working capital		2,940		-		-		2,854		2,854
Financial liabilities
Unsecured notes and loans payable	$	78,589	$	-	$	75,405	$	-	$	75,405
Secured notes and loans payable		31,510		-		-		30,766		30,766

	March 31, 2022
	Carrying								Total Fair
	value		Level 1		Level 2		Level 3		value
Financial assets
Finance receivables
Retail loan	$	72,369	$	-	$	-	$	73,385	$	73,385
Wholesale		2,940		-		-		2,931		2,931
Real estate		4,985		-		-		4,961		4,961
Working capital		2,256		-		-		2,171		2,171
Financial liabilities
Unsecured notes and loans payable	$	82,288	$	-	$	80,980	$	-	$	80,980
Secured notes and loans payable	$	26,864	$	-	$	-	$	26,500	$	26,500