Segment Information

6 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

Note 15 – Segment Information

Financial information for our reportable operating segments is summarized as follows (dollars in millions):

	Three Months Ended September 30, 2015
	Finance		Insurance			Intercompany
	operations		operations			eliminations			Total
Total financing revenues	$	2,353	$	-		$	-		$	2,353
Insurance earned premiums and contract revenues		-		178			-			178
Investment and other income, net		22		(8	)		-			14
Total gross revenues		2,375		170			-			2,545
Less:
Depreciation on operating leases		1,446		-			-			1,446
Interest expense		203		-			-			203
Provision for credit losses		105		-			-			105
Operating and administrative expenses		225		62			-			287
Insurance losses and loss adjustment expenses		-		78			-			78
Provision for income taxes		150		11			-			161
Net income	$	246	$	19		$	-		$	265
	Six Months Ended September 30, 2015
	Finance		Insurance			Intercompany
	operations		operations			eliminations			Total
Total financing revenues	$	4,608	$	-		$	-		$	4,608
Insurance earned premiums and contract revenues		-		352			-			352
Investment and other income, net		43		9			-			52
Total gross revenues		4,651		361			-			5,012
Less:
Depreciation on operating leases		2,806		-			-			2,806
Interest expense		711		-			-			711
Provision for credit losses		150		-			-			150
Operating and administrative expenses		434		123			-			557
Insurance losses and loss adjustment expenses		-		157			-			157
Provision for income taxes		201		30			-			231
Net income	$	349	$	51		$	-		$	400
Total assets at September 30, 2015	$	112,166	$	4,046		$	(1,021	)	$	115,191

Note 15 – Segment Information (Continued)

	Three Months Ended September 30, 2014
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	2,057	$	-	$	-		$	2,057
Insurance earned premiums and contract revenues		-		160		-			160
Investment and other income, net		27		33		-			60
Total gross revenues		2,084		193		-			2,277
Less:
Depreciation on operating leases		1,196		-		-			1,196
Interest expense		215		-		-			215
Provision for credit losses		79		-		-			79
Operating and administrative expenses		200		53		-			253
Insurance losses and loss adjustment expenses		-		67		-			67
Provision for income taxes		149		27		-			176
Net income	$	245	$	46	$	-		$	291
	Six Months Ended September 30, 2014
	Finance		Insurance		Intercompany
	operations		operations		eliminations			Total
Total financing revenues	$	4,017	$	-	$	-		$	4,017
Insurance earned premiums and contract revenues		-		313		-			313
Investment and other income, net		47		48		-			95
Total gross revenues		4,064		361		-			4,425
Less:
Depreciation on operating leases		2,296		-		-			2,296
Interest expense		345		-		-			345
Provision for credit losses		117		-		-			117
Operating and administrative expenses		380		106		-			486
Insurance losses and loss adjustment expenses		-		137		-			137
Provision for income taxes		345		44		-			389
Net income	$	581	$	74	$	-		$	655
Total assets at September 30, 2014	$	103,307	$	3,602	$	(894	)	$	106,015