Finance Receivables, Net (Tables)

3 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	June 30,			March 31,
	2023			2023
Retail receivables 1	$	81,617		$	79,515
Dealer financing		12,969			12,123
		94,586			91,638
Deferred origination costs		1,340			1,315
Deferred income		(1,219	)		(1,184	)
Allowance for credit losses
Retail receivables		(1,483	)		(1,430	)
Dealer financing		(62	)		(59	)
Total allowance for credit losses		(1,545	)		(1,489	)
Finance receivables, net	$	93,162		$	90,280

1 Includes gross securitized retail receivables of $28.0 billion and $29.0 billion as of June 30, 2023 and March 31, 2023, 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 June 30, 2023
	2024		2023			2022			2021			2020			2019 and Prior			Total
Aging of finance receivables:
Current	$	9,968	$	29,719		$	20,464		$	12,666		$	4,737		$	2,225		$	79,779
30-59 days past due		17		393			442			283			113			94			1,342
60-89 days past due		-		126			146			92			36			33			433
90 days or greater past due		-		59			60			33			14			18			184
Total	$	9,985	$	30,297		$	21,112		$	13,074		$	4,900		$	2,370		$	81,738
Gross Charge-Offs	$	-	$	(38	)	$	(54	)	$	(24	)	$	(9	)	$	(9	)	$	(134	)

	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

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 June 30, 2023
	2024		2023		2022		2021		2020		2019 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	4,407	$	4,407
Credit Watch		-		-		-		-		-		-		85		85
At Risk		-		-		-		-		-		-		93		93
Default		-		-		-		-		-		-		1		1
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	4,586	$	4,586
Real estate
Performing	$	150	$	1,260	$	951	$	1,008	$	132	$	1,036	$	185	$	4,722
Credit Watch		9		78		-		8		-		-		-		95
At Risk		-		7		7		24		-		2		-		40
Default		-		-		-		-		-		-		-		-
Real estate total	$	159	$	1,345	$	958	$	1,040	$	132	$	1,038	$	185	$	4,857
Working Capital
Performing	$	79	$	721	$	286	$	160	$	116	$	204	$	1,886	$	3,452
Credit Watch		16		41		-		-		-		-		2		59
At Risk		-		1		1		13		-		-		-		15
Default		-		-		-		-		-		-		-		-
Working capital total	$	95	$	763	$	287	$	173	$	116	$	204	$	1,888	$	3,526
Total	$	254	$	2,108	$	1,245	$	1,213	$	248	$	1,242	$	6,659	$	12,969

For the three months ended June 30, 2023, there were no gross charge-offs in our dealer product portfolio.

	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 present the aging of the amortized cost basis of our finance receivables by class:

	June 30, 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	$	1,342	$	433	$	184	$	1,959	$	79,779	$	81,738	$	119
Wholesale		-		-		-		-		4,586		4,586		-
Real estate		-		-		-		-		4,857		4,857		-
Working capital		-		-		-		-		3,526		3,526		-
Total	$	1,342	$	433	$	184	$	1,959	$	92,748	$	94,707	$	119

	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