Derivatives, Hedging Activities and Interest Expense (Tables)

3 Months Ended

Jun. 30, 2020

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:

	June 30, 2020					March 31, 2020
			Fair					Fair
	Notional		value			Notional		value
Other assets:
Interest rate swaps	$	32,041	$	1,557		$	30,362	$	1,410
Foreign currency swaps		4,120		81			488		27
Total	$	36,161	$	1,638		$	30,850	$	1,437
Counterparty netting				(969	)				(966	)
Collateral held				(600	)				(420	)
Carrying value of derivative contracts – Other assets			$	69				$	51
Other liabilities:
Interest rate swaps	$	60,804	$	1,822		$	69,079	$	1,826
Foreign currency swaps		9,549		704			13,181		1,290
Total	$	70,353	$	2,526		$	82,260	$	3,116
Counterparty netting				(969	)				(966	)
Collateral posted				(1,554	)				(2,105	)
Carrying value of derivative contracts – Other liabilities			$	3				$	45

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 June 30,
	2020			2019
Interest expense on debt	$	576		$	655
Interest expense on derivatives		109			12
Interest expense on debt and derivatives		685			667
Losses on debt denominated in foreign currencies		548			15
Gains on foreign currency swaps		(593	)		(108	)
(Gains) losses on U.S. dollar interest rate swaps		(92	)		123
Total interest expense	$	548		$	697