Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2023

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 on our Consolidated Balance Sheets.

	June 30, 2023
								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	$	709	$	5		$	-	$	-		$	714
Foreign government and agency obligations		-		13			-		-			13
Municipal debt securities		-		8			-		-			8
Corporate debt securities		-		421			-		-			421
Mortgage-backed securities:
U.S. government agency		-		91			-		-			91
Non-agency residential		-		5			3		-			8
Non-agency commercial		-		49			8		-			57
Asset-backed securities		-		80			41		-			121
Available-for-sale debt securities total		709		672			52		-			1,433
Equity investments:
Fixed income mutual funds:
Fixed income mutual funds measured at    net asset value												1,076
Total return bond funds		1,625		-			-		-			1,625
Equity mutual funds		925		-			-		-			925
Equity investments total		2,550		-			-		-			3,626
Investments in marketable securities total		3,259		672			52		-			5,059
Derivative assets:
Interest rate swaps		-		1,977			-		-			1,977
Foreign currency swaps		-		64			-		-			64
Counterparty netting and collateral		-		-			-		(1,989	)		(1,989	)
Derivative assets total		-		2,041			-		(1,989	)		52
Assets at fair value		3,259		2,713			52		(1,989	)		5,111
Derivative liabilities:
Interest rate swaps		-		(547	)		-		-			(547	)
Foreign currency swaps		-		(1,035	)		-		-			(1,035	)
Counterparty netting and collateral		-		-			-		1,581			1,581
Liabilities at fair value		-		(1,582	)		-		1,581			(1	)
Net assets at fair value	$	3,259	$	1,131		$	52	$	(408	)	$	5,110

	March 31, 2023
								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	$	740	$	4		$	-	$	-		$	744
Foreign government and agency obligations		-		12			-		-			12
Municipal debt securities		-		8			-		-			8
Corporate debt securities		-		430			-		-			430
Mortgage-backed securities:
U.S. government agency		-		73			-		-			73
Non-agency residential		-		6			3		-			9
Non-agency commercial		-		53			5		-			58
Asset-backed securities		-		80			40		-			120
Available-for-sale debt securities total		740		666			48		-			1,454
Equity investments:
Fixed income mutual funds:
Fixed income mutual funds measured at    net asset value												1,081
Total return bond funds		1,631		-			-		-			1,631
Equity mutual funds		871		-			-		-			871
Equity investments total		2,502		-			-		-			3,583
Investments in marketable securities total		3,242		666			48		-			5,037
Derivative assets:
Interest rate swaps		-		1,888			-		-			1,888
Foreign currency swaps		-		49			-		-			49
Counterparty netting and collateral		-		-			-		(1,886	)		(1,886	)
Derivative assets total		-		1,937			-		(1,886	)		51
Assets at fair value		3,242		2,603			48		(1,886	)		5,088
Derivative liabilities:
Interest rate swaps		-		(468	)		-		-			(468	)
Foreign currency swaps		-		(1,002	)		-		-			(1,002	)
Counterparty netting and collateral		-		-			-		1,453			1,453
Liabilities at fair value		-		(1,470	)		-		1,453			(17	)
Net assets at fair value	$	3,242	$	1,133		$	48	$	(433	)	$	5,071

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:

	June 30, 2023
	Carrying								Total Fair
	value		Level 1		Level 2		Level 3		value
Financial assets
Finance receivables
Retail loan	$	80,498	$	-	$	-	$	79,250	$	79,250
Wholesale		4,598		-		-		4,600		4,600
Real estate		4,862		-		-		4,812		4,812
Working capital		3,456		-		-		3,361		3,361
Financial liabilities
Unsecured notes and loans payable	$	80,912	$	-	$	77,933	$	-	$	77,933
Secured notes and loans payable		31,464		-		-		30,869		30,869

	March 31, 2023
	Carrying								Total Fair
	value		Level 1		Level 2		Level 3		value
Financial assets
Finance receivables
Retail loan	$	78,445	$	-	$	-	$	77,649	$	77,649
Wholesale		3,972		-		-		3,968		3,968
Real estate		4,981		-		-		4,990		4,990
Working capital		3,113		-		-		3,058		3,058
Financial liabilities
Unsecured notes and loans payable	$	78,949	$	-	$	76,401	$	-	$	76,401
Secured notes and loans payable		32,736		-		-		32,173		32,173