Finance Receivables, Net (Tables)

9 Months Ended

Dec. 31, 2021

Finance receivables, net consisted of the following:

	December 31,			March 31,
	2021			2021
Retail receivables ¹	$	71,727		$	66,991
Dealer financing		10,254			13,642
		81,981			80,633

Deferred origination costs		1,305			1,145
Deferred income		(1,176	)		(1,408	)
Allowance for credit losses
Retail receivables		(1,140	)		(1,075	)
Dealer financing		(45	)		(103	)
Total allowance for credit losses		(1,185	)		(1,178	)
Finance receivables, net	$	80,925		$	79,192

¹	^{Includes securitized retail receivables of $21.9 billion and $22.1 billion as of December 31, 2021 and March 31, 2021, respectively.}

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

The following tables present the amortized cost basis of our retail loan portfolio by origination fiscal year by credit quality indicator based on number of days past due:

	Amortized Cost Basis by Origination Fiscal Year at December 31, 2021
	2022		2021		2020		2019		2018		2017 and Prior		Total
Aging of finance receivables:
Current	$	25,098	$	24,373	$	10,913	$	5,626	$	3,390	$	1,057	$	70,457
30-59 days past due		215		341		177		119		81		52		985
60-89 days past due		54		97		49		36		22		16		274
90 days or greater past due		29		51		23		15		11		11		140
Total	$	25,396	$	24,862	$	11,162	$	5,796	$	3,504	$	1,136	$	71,856

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2021
	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 tables present the amortized cost basis of our dealer products portfolio by credit quality indicator based on internal risk assessments by origination fiscal year:

	Amortized Cost Basis by Origination Fiscal Year at December 31, 2021
	2022		2021		2020		2019		2018		2017 and Prior		Revolving loans		Total
Wholesale
Performing	$	-	$	-	$	-	$	-	$	-	$	-	$	2,852	$	2,852
Credit Watch		-		-		-		-		-		-		12		12
At Risk		-		-		-		-		-		-		2		2
Default		-		-		-		-		-		-		-		-
Wholesale total	$	-	$	-	$	-	$	-	$	-	$	-	$	2,866	$	2,866
Real estate
Performing	$	1,164	$	1,316	$	280	$	568	$	292	$	1,434	$	-	$	5,054
Credit Watch		-		2		-		-		-		12		-		14
At Risk		-		-		-		-		-		8		-		8
Default		-		-		-		-		-		-		-		-
Real estate total	$	1,164	$	1,318	$	280	$	568	$	292	$	1,454	$	-	$	5,076
Working Capital
Performing	$	519	$	368	$	216	$	162	$	40	$	183	$	823	$	2,311
Credit Watch		-		1		-		-		-		-		-		1
At Risk		-		-		-		-		-		-		-		-
Default		-		-		-		-		-		-		-		-
Working capital total	$	519	$	369	$	216	$	162	$	40	$	183	$	823	$	2,312
Total	$	1,683	$	1,687	$	496	$	730	$	332	$	1,637	$	3,689	$	10,254

	Amortized Cost Basis by Origination Fiscal Year at March 31, 2021
	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

Aging of Amortized Cost Basis of Finance Receivables by Class

The following tables summarize the aging of the amortized cost basis of our finance receivables by class:

	December 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	$	985	$	274	$	140	$	1,399	$	70,457	$	71,856	$	89
Wholesale		-		-		-		-		2,866		2,866		-
Real estate		-		-		-		-		5,076		5,076		-
Working capital		-		-		-		-		2,312		2,312		-
Total	$	985	$	274	$	140	$	1,399	$	80,711	$	82,110	$	89

	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