Derivatives, Hedging Activities and Interest Expense (Tables)

6 Months Ended

Sep. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Activity Impact on Consolidated Balance Sheet

The following tables show the financial statement line item and amount of our derivative assets and liabilities that are reported in our Consolidated Balance Sheets:

	September 30, 2019					March 31, 2019
			Fair					Fair
	Notional		value			Notional		value
Other assets:
Interest rate swaps	$	37,394	$	689		$	49,254	$	472
Foreign currency swaps		54		21			2,771		72
Total	$	37,448	$	710		$	52,025	$	544
Counterparty netting				(456	)				(441	)
Collateral held				(204	)				(42	)
Carrying value of derivative contracts – Other assets			$	50				$	61
Other liabilities:
Interest rate swaps	$	63,632	$	928		$	57,593	$	622
Foreign currency swaps		12,696		1,081			9,796		785
Total	$	76,328	$	2,009		$	67,389	$	1,407
Counterparty netting				(456	)				(441	)
Collateral posted				(1,515	)				(940	)
Carrying value of derivative contracts – Other liabilities			$	38				$	26

Components of Interest Expense

The following table summarizes the components of interest expense, including the location and amount of gains and losses on derivative instruments and related hedged items, as reported in our Consolidated Statements of Income:

	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Interest expense on debt	$	639		$	637		$	1,294		$	1,238
Interest expense (income) on derivatives		37			(22	)		49			(47	)
Interest expense on debt and derivatives		676			615			1,343			1,191
Gains on debt denominated in foreign currencies		(475	)		(161	)		(460	)		(807	)
Losses on foreign currency swaps		474			172			366			855
(Gains) losses on U.S. dollar interest rate swaps		(62	)		76			61			145
Total interest expense	$	613		$	702		$	1,310		$	1,384