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Investments in Operating Leases, Net (Tables)
12 Months Ended
Mar. 31, 2015
Leases Operating [Abstract]  
Investments in Operating Leases, Net

Investments in operating leases, net consisted of the following:

 

(Dollars in millions)

 

March 31, 2015

 

 

March 31, 2014

 

Investments in operating leases

 

$

37,555

 

 

$

31,023

 

Securitized investments in operating leases

 

 

1,571

 

 

 

248

 

 

 

 

39,126

 

 

 

31,271

 

Deferred origination (fees) and costs, net

 

 

(169

)

 

 

(146

)

Deferred income

 

 

(968

)

 

 

(826

)

Accumulated depreciation

 

 

(6,785

)

 

 

(5,462

)

Allowance for credit losses

 

 

(76

)

 

 

(68

)

Investments in operating leases, net

 

$

31,128

 

 

$

24,769

 

 

Future Minimum Rentals on Operating Leases

Future minimum rentals on operating leases are as follows (dollars in millions):

 

Years ending March 31,

 

Future minimum

rentals on operating leases

 

2016

 

$

5,065

 

2017

 

 

3,214

 

2018

 

 

1,274

 

2019

 

 

229

 

2020

 

 

29

 

Thereafter

 

 

1

 

Total

 

$

9,812