Selected Quarterly Financial Data (Tables)

12 Months Ended

Mar. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data

	Unaudited
	First		Second		Third		Fourth
	quarter		quarter		quarter		quarter
Year ended March 31, 2021:
Financing revenues:
Operating lease	$	2,129	$	2,114	$	2,122	$	2,116
Retail		672		723		749		761
Dealer		111		98		103		101
Total financing revenues		2,912		2,935		2,974		2,978
Depreciation on operating leases		1,685		1,349		1,450		1,448
Interest expense		548		495		491		768
Net financing revenues		679		1,091		1,033		762
Voluntary protection contract revenues   and insurance earned premiums		235		238		241		242
Investment and other income, net		176		90		179		(35	)
Net financing revenues and other revenues		1,090		1,419		1,453		969
Expenses:
Provision for credit losses		183		65		118		60
Operating and administrative		345		389		354		399
Voluntary protection contract expenses   and insurance losses		75		92		98		104
Total expenses		603		546		570		563
Income before income taxes		487		873		883		406
Provision for income taxes		113		218		215		86
Net income	$	374	$	655	$	668	$	320

	Unaudited
	First		Second		Third		Fourth
	quarter		quarter		quarter		quarter
Year ended March 31, 2020:
Financing revenues:
Operating lease	$	2,184	$	2,197	$	2,212	$	2,182
Retail		589		638		661		670
Dealer		190		183		171		152
Total financing revenues		2,963		3,018		3,044		3,004
Depreciation on operating leases		1,625		1,583		1,712		1,900
Interest expense		697		613		755		769
Net financing revenues		641		822		577		335
Voluntary protection contract revenues   and insurance earned premiums		229		232		231		241
Investment and other income, net		118		97		57		50
Net financing revenues and other revenues		988		1,151		865		626
Expenses:
Provision for credit losses		75		61		128		326
Operating and administrative		337		358		406		460
Voluntary protection contract expenses   and insurance losses		113		115		116		111
Total expenses		525		534		650		897
Income (loss) before income taxes		463		617		215		(271	)
Provision (benefit) for income taxes		104		158		34		(185	)
Net income (loss)	$	359	$	459	$	181	$	(86	)