Income Taxes - Deferred Tax Liabilities and Assets (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Liabilities:
Lease transactions	$ 1,504	$ 2,765
Voluntary protection dealer commissions	348	290
State taxes, net of federal tax benefit	275	377
Mark-to-market of investments in marketable securities and derivatives	24	34
Other	82	82
Deferred tax liabilities	2,233	3,548
Assets:
Provision for credit and residual value losses	394	421
Deferred costs and fees	179	187
Accrued expenses	45	21
Lease obligations	23	27
Net operating loss and tax credit carryforwards	14	29
Other	14	12
Deferred tax assets	669	697
Valuation allowance	0	(9)
Net deferred tax assets	669	688
Net deferred income tax liability	$ 1,564	$ 2,860

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.