Income Taxes - Deferred Tax Liabilities and Assets (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Liabilities:
Lease transactions	$ 5,180	$ 7,121
State taxes, net of federal tax benefit	629	847
Insurance dealer commissions	254	235
Mark-to-market of investments in marketable securities and derivatives	14	44
Other	83	53
Deferred tax liabilities	6,160	8,300
Assets:
Provision for credit and residual value losses	370	361
Deferred costs and fees	188	192
Net operating loss and tax credit carryforwards	100	2,297
Lease obligations	25	0
Other	32	22
Deferred tax assets	715	2,872
Valuation allowance	(13)	(24)
Net deferred tax assets	702	2,848
Net deferred income tax liability	$ 5,458	$ 5,452

Deferred tax assets lease obligation.

No definition available.

Name:	tmcc_DeferredTaxAssetsLeaseObligation
Namespace Prefix:	tmcc_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

The sum of the tax effects as of the balance sheet date of the amount of excesses of tax deductions over gross income in a year which cannot be used on the tax returns in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. And the The tax effect as of the balance sheet date of the amount of future tax deductions arising from all unused tax credit carryforwards which have been reduced by a valuation allowance.

+ References

No definition available.