Income Taxes	9 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 – Income Taxes Our effective tax rate was 39 percent and 37 percent for the three and nine months ended December 31, 2016, respectively, compared to 38 percent and 37 percent for the same periods in fiscal 2016, respectively. Our provision for income taxes was $212 million for the first nine months of fiscal 2017, compared to $441 million for the same period in fiscal 2016. Our benefit for income taxes was $29 million for the third quarter of fiscal 2017 compared to a provision for income taxes of $210 million for the same period in fiscal 2016. The decrease in the provision for income taxes for the three and nine months ended December 31, 2016 is consistent with the decrease in our income before tax compared to the same periods in fiscal 2016. Tax-related Contingencies As of December 31, 2016, we remain under IRS examination for fiscal 2016 and 2017. The IRS examination for fiscal 2015 was concluded in the second quarter of fiscal 2017. We periodically review our uncertain tax positions. Our assessment is based on many factors including any ongoing IRS audits. For the quarter ended December 31, 2016, our assessment did not result in a material change in unrecognized tax benefits. Our deferred tax assets were $1.1 billion and $1.9 billion at December 31, 2016 and March 31, 2016, and were primarily due to the deferred deduction of allowance for credit and residual value losses and federal tax loss carryforwards that expire in fiscal 2035. The total deferred tax liability, net of these deferred tax assets, was $8.1 billion and $8.0 billion at December 31, 2016 and March 31, 2016, respectively. Realization with respect to the federal tax loss carryforwards is dependent on sufficient income prior to expiration of the loss carryforwards. Although realization is not assured, management believes it is more likely than not that the deferred tax assets will be realized. The amount of the deferred tax assets considered realizable could be reduced if management’s estimates change.

Income Taxes

9 Months Ended

Dec. 31, 2016

Note 13 – Income Taxes

Our effective tax rate was 39 percent and 37 percent for the three and nine months ended December 31, 2016, respectively, compared to 38 percent and 37 percent for the same periods in fiscal 2016, respectively. Our provision for income taxes was $212 million for the first nine months of fiscal 2017, compared to $441 million for the same period in fiscal 2016. Our benefit for income taxes was $29 million for the third quarter of fiscal 2017 compared to a provision for income taxes of $210 million for the same period in fiscal 2016. The decrease in the provision for income taxes for the three and nine months ended December 31, 2016 is consistent with the decrease in our income before tax compared to the same periods in fiscal 2016.

Tax-related Contingencies

As of December 31, 2016, we remain under IRS examination for fiscal 2016 and 2017. The IRS examination for fiscal 2015 was concluded in the second quarter of fiscal 2017.

We periodically review our uncertain tax positions. Our assessment is based on many factors including any ongoing IRS audits. For the quarter ended December 31, 2016, our assessment did not result in a material change in unrecognized tax benefits.

Our deferred tax assets were $1.1 billion and $1.9 billion at December 31, 2016 and March 31, 2016, and were primarily due to the deferred deduction of allowance for credit and residual value losses and federal tax loss carryforwards that expire in fiscal 2035. The total deferred tax liability, net of these deferred tax assets, was $8.1 billion and $8.0 billion at December 31, 2016 and March 31, 2016, respectively. Realization with respect to the federal tax loss carryforwards is dependent on sufficient income prior to expiration of the loss carryforwards. Although realization is not assured, management believes it is more likely than not that the deferred tax assets will be realized. The amount of the deferred tax assets considered realizable could be reduced if management’s estimates change.