Subsequent Events

6 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Note 16 – Subsequent Events

On October 1, 2015, we completed the sale of our commercial finance business to TICF for cash proceeds of $2.3 billion, which is subject to post-closing purchase price adjustments.  The transaction resulted in a gain of approximately $197 million, which will be reflected in our results of operations in the third quarter of fiscal 2016.  As part of this transaction, we entered into an Expense Reimbursement Agreement with TICF relating to certain expenses incurred by TMCC and a Transition Services Agreement relating to certain post-close services to be provided by TMCC to TICF.  See Note 8 – Other Assets and Other Liabilities of the Notes to Consolidated Financial Statements for additional information.