Finance Receivables, Net (Tables)

12 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Net Financing Receivables

Finance receivables, net consisted of the following:

	March 31,			March 31,
	2021			2020
Retail receivables 1	$	66,991		$	57,088
Dealer financing		13,642			17,873
		80,633			74,961
Deferred origination costs		1,145			890
Deferred income		(1,408	)		(1,128	)
Allowance for credit losses
Retail and securitized retail receivables		(1,075	)		(486	)
Dealer financing		(103	)		(241	)
Total allowance for credit losses		(1,178	)		(727	)
Finance receivables, net	$	79,192		$	73,996

^{1 Includes securitized retail receivables of $22.1 billion and $12.7 billion as of March 31, 2021 and 2020, respectively.}

Contractual Maturities on Retail Receivables and Dealer Financing

Contractual maturities on retail receivables and dealer financing are as follows:

	Contractual maturities
Years ending March 31,	Retail receivables		Dealer financing
2022	$	15,797	$	8,155
2023		15,321		1,727
2024		13,510		984
2025		10,960		588
2026		7,551		778
Thereafter		3,852		1,410
Total	$	66,991	$	13,642

Schedule of Amortized Cost Basis of Retail Loan Portfolio and Dealer Products Portfolio by Credit Quality Indicator

The following table presents the amortized cost basis of our retail loan portfolio by credit quality indicator based on number of days outstanding by origination year at March 31, 2021:

	Amortized Cost Basis by Origination Fiscal Year
	2021		2020		2019		2018		2017		2016 and Prior		Total
Aging of finance receivables:
Current	$	32,026	$	16,047	$	8,972	$	5,977	$	2,435	$	496	$	65,953
30-59 days past due		147		145		114		83		46		27		562
60-89 days past due		37		39		28		21		11		8		144
90 days or greater past due		18		18		13		9		5		6		69
Total	$	32,228	$	16,249	$	9,127	$	6,090	$	2,497	$	537	$	66,728

The following table presents the amortized cost basis of our dealer products portfolio by credit quality indicator based on internal risk assessments by origination year at March 31, 2021:

	Amortized Cost Basis by Origination Fiscal Year
	2021		2020		2019		2018		2017		2016 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	5,893	$	5,893
Credit Watch		-		-		-		-		-		-		218		218
At Risk		-		-		-		-		-		-		35		35
Default		-		-		-		-		-		-		11		11
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	6,157	$	6,157
Real estate
Performing	$	1,874	$	320	$	596	$	356	$	312	$	1,493	$	-	$	4,951
Credit Watch		8		49		3		20		9		99		-		188
At Risk		13		-		-		-		12		17		-		42
Default		-		-		-		13		9		-		-		22
Real estate total	$	1,895	$	369	$	599	$	389	$	342	$	1,609	$	-	$	5,203
Working Capital
Performing	$	503	$	334	$	200	$	41	$	106	$	176	$	878	$	2,238
Credit Watch		1		-		6		1		-		19		9		36
At Risk		1		-		-		-		7		-		-		8
Default		-		-		-		-		-		-		-		-
Working capital total	$	505	$	334	$	206	$	42	$	113	$	195	$	887	$	2,282
Total	$	2,400	$	703	$	805	$	431	$	455	$	1,804	$	7,044	$	13,642

Schedule of Retail Loan Portfolio and Dealer Products Portfolio by Credit Quality Indicator

The following table presents our retail loan portfolio by credit quality indicator at March 31, 2020:

	Retail loan
	March 31, 2020
Aging of finance receivables:
Current	$	56,064
30-59 days past due		717
60-89 days past due		203
90 days or greater past due		104
Total	$	57,088

The following table presents our dealer products portfolio by credit quality indicator at:

	March 31, 2020
	Wholesale		Real estate		Working capital		Total
Credit quality indicators:
Performing	$	8,750	$	3,974	$	3,132	$	15,856
Credit Watch		962		576		195		1,733
At Risk		92		55		92		239
Default		22		23		-		45
Total	$	9,826	$	4,628	$	3,419	$	17,873

Aging of Amortized Cost Basis of Finance Receivables by Class

The following table presents the aging of the amortized cost basis of our finance receivables by class:

	March 31, 2021
	30 - 59 Days past due		60 - 89 Days past due		90 Days or greater past due		Total Past due		Current		Total Finance receivables		90 Days or greater past due and accruing
Retail loan	$	562	$	144	$	69	$	775	$	65,953	$	66,728	$	39
Wholesale		-		-		-		-		6,157		6,157		-
Real estate		-		-		-		-		5,203		5,203		-
Working capital		-		-		-		-		2,282		2,282		-
Total	$	562	$	144	$	69	$	775	$	79,595	$	80,370	$	39

Finance receivables excludes accrued interest of $187 million as of March 31, 2021.

The following table presents the aging of finance receivables by class:

	March 31, 2020
	30 - 59 Days past due		60 - 89 Days past due		90 Days or greater past due		Total Past due		Current		Total Finance receivables		90 Days or greater past due and accruing
Retail loan	$	717	$	203	$	104	$	1,024	$	56,064	$	57,088	$	66
Wholesale		-		-		-		-		9,826		9,826		-
Real estate		-		-		1		1		4,627		4,628		-
Working capital		-		-		-		-		3,419		3,419		-
Total	$	717	$	203	$	105	$	1,025	$	73,936	$	74,961	$	66