Allowance for Credit Losses (Tables)

9 Months Ended

Dec. 31, 2023

Loans and Leases Receivable Disclosure [Abstract]

Allowance for Credit Losses and Finance Receivables by Portfolio Segment

The following tables provide information related to our allowance for credit losses for finance receivables and certain off-balance sheet lending commitments by portfolio segment:

	Three months ended December 31, 2023
	Retail loan			Dealer products		Total
Beginning balance, October 1, 2023	$	1,529		$	99	$	1,628
Charge-offs		(211	)		-		(211	)
Recoveries		27			-		27
Provision for credit losses		188			18		206
Ending balance, December 31, 2023 ¹	$	1,533		$	117	$	1,650
	Nine months ended December 31, 2023
	Retail loan			Dealer products		Total
Beginning balance, April 1, 2023	$	1,430		$	83	$	1,513
Charge-offs		(536	)		-		(536	)
Recoveries		81			-		81
Provision for credit losses		558			34		592
Ending balance, December 31, 2023 ¹	$	1,533		$	117	$	1,650

1 Ending balance includes $45 million of allowance for credit losses recorded in Other liabilities on the Consolidated Balance Sheet which is related to off-balance sheet lending commitments in the dealer products portfolio.

	Three months ended December 31, 2022
	Retail loan			Dealer products		Total
Beginning balance, October 1, 2022	$	1,321		$	74	$	1,395
Charge-offs		(173	)		-		(173	)
Recoveries		13			-		13
Provision for credit losses		265			13		278
Ending balance, December 31, 2022 ¹	$	1,426		$	87	$	1,513
	Nine months ended December 31, 2022
	Retail loan			Dealer products		Total
Beginning balance, April 1, 2022	$	1,195		$	77	$	1,272
Charge-offs		(370	)		-		(370	)
Recoveries		42			-		42
Provision for credit losses		559			10		569
Ending balance, December 31, 2022 ¹	$	1,426		$	87	$	1,513

1 Ending balance includes $29 million of allowance for credit losses recorded in Other liabilities on the Consolidated Balance Sheet which is related to off-balance sheet lending commitments in the dealer products portfolio.