Note 13 – Related Party Transactions

As of September 30, 2018, there were no material changes to our related party agreements or relationships as described in our fiscal 2018 Form 10-K. The tables below show the financial statement line items and amounts included in our Consolidated Statements of Income and in our Consolidated Balance Sheets under various related party agreements or relationships:

	Three Months Ended					Six Months Ended
	September 30,					September 30,
	2018			2017		2018			2017
Total financing revenues:
Manufacturers’ subvention and other revenues	$	472		$	382	$	944		$	750

Interest expense:
Credit support fees, interest and other expenses	$	24		$	24	$	49		$	48

Insurance earned premiums and contract revenues:
Insurance premiums and contract revenues	$	44		$	45	$	89		$	89

Investment and other income, net:
Interest and other income	$	2		$	3	$	4		$	7

Expenses:
Operating and administrative expenses	$	24		$	23	$	47		$	42
Insurance losses and loss adjustment expenses¹	$	(1	)	$	1	$	(3	)	$	(4	)

¹	Amount includes the transfer of insurance losses and loss adjustment expenses under a reinsurance contract.

Note 13 – Related Party Transactions (Continued)

	September 30,			March 31,
	2018			2018
Assets:
Cash and cash equivalents
Commercial paper	$	-		$	255

Investments in marketable securities
Commercial paper	$	-		$	52

Finance receivables, net
Accounts receivable	$	176		$	191
Deferred retail subvention income	$	(1,317	)	$	(1,279	)

Investments in operating leases, net
Investments in operating leases, net	$	6		$	6
Deferred lease subvention income	$	(2,005	)	$	(1,682	)

Other assets
Notes receivable	$	247		$	68
Other receivables, net	$	16		$	310

Liabilities:
Other liabilities
Unearned affiliate insurance premiums and contract revenues	$	340		$	328
Other payables, net	$	83		$	74
Notes payable	$	15		$	18

TMCC receives subvention payments from TMNA which results in a gross monthly subvention receivable. As of September 30, 2018 and March 31, 2018, the subvention receivable from TMNA was $197 million and $279 million, respectively. The subvention receivable is recorded in Other receivables, net in Other assets on our Consolidated Balance Sheets as of September 30, 2018 and March 31, 2018. We have a master netting agreement with TMNA which allows us to net settle payments for shared services and subvention transactions.