Derivatives, Hedging Activities and Interest Expense (Tables)

3 Months Ended

Jun. 30, 2021

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 on our Consolidated Balance Sheets:

	June 30, 2021					March 31, 2021
			Fair					Fair
	Notional		value			Notional		value
Other assets:
Interest rate swaps	$	48,706	$	1,041		$	44,125	$	1,026
Foreign currency swaps		7,417		348			7,274		330
Total	$	56,123	$	1,389		$	51,399	$	1,356
Counterparty netting				(726	)				(840	)
Collateral held				(609	)				(462	)
Carrying value of derivative contracts – Other assets			$	54				$	54
Other liabilities:
Interest rate swaps	$	50,656	$	880		$	55,062	$	1,142
Foreign currency swaps		5,283		282			4,321		243
Total	$	55,939	$	1,162		$	59,383	$	1,385
Counterparty netting				(726	)				(840	)
Collateral posted				(420	)				(544	)
Carrying value of derivative contracts – Other liabilities			$	16				$	1

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,
	2021			2020
Interest expense on debt	$	389		$	576
Interest expense on derivatives		66			109
Interest expense on debt and derivatives		455			685
Losses on debt denominated in foreign currencies		10			548
Losses (gains) on foreign currency swaps		25			(593	)
Gains on U.S. dollar interest rate swaps		(204	)		(92	)
Total interest expense	$	286		$	548