Finance Receivables, Net (Tables)

12 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	March 31,			March 31,
	2023			2022
Retail receivables 1	$	79,515		$	73,152
Dealer financing		12,123			10,298
		91,638			83,450
Deferred origination costs		1,315			1,330
Deferred income		(1,184	)		(1,102	)
Allowance for credit losses
Retail receivables		(1,430	)		(1,195	)
Dealer financing		(59	)		(51	)
Total allowance for credit losses		(1,489	)		(1,246	)
Finance receivables, net	$	90,280		$	82,432

1.Includes securitized retail receivables of $29.0 billion and $21.2 billion as of March 31, 2023 and 2022, respectively.

Schedule of Amortized Cost Basis of Retail Loan Portfolio and Dealer Products Portfolio by Credit Quality Indicator

The following tables present the amortized cost basis of our retail loan portfolio by origination fiscal year by credit quality indicator based on number of days past due:

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2023
	2023		2022		2021		2020		2019		2018 and Prior		Total
Aging of finance receivables:
Current	$	32,377	$	22,585	$	14,278	$	5,555	$	2,178	$	846	$	77,819
30-59 days past due		306		439		285		125		71		44		1,270
60-89 days past due		90		135		82		35		21		15		378
90 days or greater past due		47		63		33		16		9		11		179
Total	$	32,820	$	23,222	$	14,678	$	5,731	$	2,279	$	916	$	79,646

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2022
	2022		2021		2020		2019		2018		2017 and Prior		Total
Aging of finance receivables:
Current	$	32,382	$	21,917	$	9,624	$	4,774	$	2,674	$	718	$	72,089
30-59 days past due		275		304		153		101		63		36		932
60-89 days past due		68		82		40		25		16		11		242
90 days or greater past due		33		39		17		13		8		7		117
Total	$	32,758	$	22,342	$	9,834	$	4,913	$	2,761	$	772	$	73,380

The following tables present the amortized cost basis of our dealer products portfolio by credit quality indicator based on internal risk assessments by origination fiscal year:

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2023
	2023		2022		2021		2020		2019		2018 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	3,859	$	3,859
Credit Watch		-		-		-		-		-		-		54		54
At Risk		-		-		-		-		-		-		51		51
Default		-		-		-		-		-		-		-		-
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	3,964	$	3,964
Real estate
Performing	$	1,378	$	1,024	$	1,057	$	133	$	300	$	850	$	209	$	4,951
Credit Watch		5		-		2		-		-		-		-		7
At Risk		8		7		-		-		-		2		-		17
Default		-		-		-		-		-		-		-		-
Real estate total	$	1,391	$	1,031	$	1,059	$	133	$	300	$	852	$	209	$	4,975
Working Capital
Performing	$	789	$	317	$	182	$	131	$	124	$	88	$	1,552	$	3,183
Credit Watch		-		-		-		-		-		-		-		-
At Risk		-		1		-		-		-		-		-		1
Default		-		-		-		-		-		-		-		-
Working capital total	$	789	$	318	$	182	$	131	$	124	$	88	$	1,552	$	3,184
Total	$	2,180	$	1,349	$	1,241	$	264	$	424	$	940	$	5,725	$	12,123

Aging of Amortized Cost Basis of Finance Receivables by Class

The following tables presents the aging of the amortized cost basis of our finance receivables by class:

	March 31, 2023
	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
Retail loan	$	1,270	$	378	$	179	$	1,827	$	77,819	$	79,646	$	111
Wholesale		-		-		-		-		3,964		3,964		-
Real estate		-		-		-		-		4,975		4,975		-
Working capital		-		-		-		-		3,184		3,184		-
Total	$	1,270	$	378	$	179	$	1,827	$	89,942	$	91,769	$	111

	March 31, 2022
	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
Retail loan	$	932	$	242	$	117	$	1,291	$	72,089	$	73,380	$	65
Wholesale		-		-		-		-		2,943		2,943		-
Real estate		-		-		-		-		5,019		5,019		-
Working capital		-		-		-		-		2,336		2,336		-
Total	$	932	$	242	$	117	$	1,291	$	82,387	$	83,678	$	65