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Allowance for Credit Losses (Tables)
 9 Months Ended
Dec. 31, 2021
Loans And Leases Receivable Disclosure [Abstract]  
Allowance for Credit Losses and Finance Receivables by Portfolio Segment

The following tables provide information related to our allowance for credit losses for finance receivables and certain off-balance sheet lending commitments by portfolio segment:

 

 

 

Three months ended December 31, 2021

 

 

 

Retail loan

 

 

Dealer products

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, October 1, 2021

 

$

1,135

 

 

$

89

 

 

$

1,224

 

Charge-offs

 

 

(64

)

 

 

-

 

 

 

(64

)

Recoveries

 

 

14

 

 

 

-

 

 

 

14

 

Provision for credit losses

 

 

55

 

 

 

(10

)

 

 

45

 

Ending balance, December 31, 2021 1

 

$

1,140

 

 

$

79

 

 

$

1,219

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 31, 2021

 

 

 

Retail loan

 

 

Dealer products

 

 

Total

 

Beginning balance, April 1, 2021

 

$

1,075

 

 

$

140

 

 

$

1,215

 

Charge-offs

 

 

(152

)

 

 

-

 

 

 

(152

)

Recoveries

 

 

46

 

 

 

-

 

 

 

46

 

Provision for credit losses

 

 

171

 

 

 

(61

)

 

 

110

 

Ending balance, December 31, 2021 1

 

$

1,140

 

 

$

79

 

 

$

1,219

 

 

1

Ending balance includes $34 million of allowance for credit losses related to off-balance sheet commitments in the dealer products portfolio which is included in Other liabilities on the Consolidated Balance Sheet.

 

 

 

Three months ended December 31, 2020

 

 

 

Retail loan

 

 

Dealer products

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance, October 1, 2020

 

$

1,020

 

 

$

154

 

 

$

1,174

 

Charge-offs

 

 

(113

)

 

 

-

 

 

 

(113

)

Recoveries

 

 

12

 

 

 

8

 

 

 

20

 

Provision for credit losses

 

 

133

 

 

 

(15

)

 

 

118

 

Ending balance, December 31, 2020 2

 

$

1,052

 

 

$

147

 

 

$

1,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended December 31, 2020

 

 

 

Retail loan

 

 

Dealer products

 

 

Total

 

Beginning balance, April 1, 2020

 

$

486

 

 

$

241

 

 

$

727

 

Adoption of ASU 2016-13 1

 

 

281

 

 

 

11

 

 

 

292

 

Charge-offs

 

 

(228

)

 

 

-

 

 

 

(228

)

Recoveries

 

 

33

 

 

 

9

 

 

 

42

 

Provision for credit losses

 

 

480

 

 

 

(114

)

 

 

366

 

Ending balance, December 31, 2020 2

 

$

1,052

 

 

$

147

 

 

$

1,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Cumulative pre-tax adjustments recorded to retained earnings as of April 1, 2020.  See Note 1 – Basis of Presentation and Significant Accounting Policies in our fiscal 2021 Form 10-K.

2

Ending balance includes $37 million of allowance for credit losses related to off-balance sheet commitments in the dealer products portfolio which is included in Other liabilities on the Consolidated Balance Sheet.