Income Taxes - Deferred Tax Liabilities and Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Mar. 31, 2020
Liabilities:
Lease transactions	$ 2,765	$ 5,180
State taxes, net of federal tax benefit	377	629
Voluntary protection dealer commissions	290	254
Mark-to-market of investments in marketable securities and derivatives	34	14
Other	82	83
Deferred tax liabilities	3,548	6,160
Assets:
Provision for credit and residual value losses	421	370
Deferred costs and fees	187	188
Net operating loss and tax credit carryforwards	29	100
Lease obligations	27	25
Other	33	32
Deferred tax assets	697	715
Valuation allowance	(9)	(13)
Net deferred tax assets	688	702
Net deferred income tax liability	$ 2,860	$ 5,458

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.