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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(Dollars in millions)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

Fiscal 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total financing revenues

 

$

1,960

 

 

$

2,057

 

 

$

2,112

 

 

$

2,181

 

Depreciation on operating leases

 

 

1,100

 

 

 

1,196

 

 

 

1,248

 

 

 

1,313

 

Interest expense

 

 

130

 

 

 

215

 

 

 

161

 

 

 

230

 

Net financing revenues

 

 

730

 

 

 

646

 

 

 

703

 

 

 

638

 

Other income

 

 

188

 

 

 

220

 

 

 

221

 

 

 

203

 

Provision for credit losses

 

 

38

 

 

 

79

 

 

 

103

 

 

 

88

 

Expenses

 

 

303

 

 

 

320

 

 

 

329

 

 

 

363

 

Income before income tax expense

 

 

577

 

 

 

467

 

 

 

492

 

 

 

390

 

Provision for income taxes

 

 

213

 

 

 

176

 

 

 

185

 

 

 

155

 

Net income

 

$

364

 

 

$

291

 

 

$

307

 

 

$

235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total financing revenues

 

$

1,795

 

 

$

1,845

 

 

$

1,876

 

 

$

1,881

 

Depreciation on operating leases

 

 

951

 

 

 

966

 

 

 

1,033

 

 

 

1,062

 

Interest expense

 

 

536

 

 

 

314

 

 

 

386

 

 

 

104

 

Net financing revenues

 

 

308

 

 

 

565

 

 

 

457

 

 

 

715

 

Other income

 

 

145

 

 

 

157

 

 

 

209

 

 

 

191

 

Provision for credit losses

 

 

11

 

 

 

28

 

 

 

63

 

 

 

68

 

Expenses

 

 

298

 

 

 

301

 

 

 

297

 

 

 

327

 

Income before income tax expense

 

 

144

 

 

 

393

 

 

 

306

 

 

 

511

 

Provision for income taxes

 

 

53

 

 

 

149

 

 

 

113

 

 

 

182

 

Net income

 

$

91

 

 

$

244

 

 

$

193

 

 

$

329