Segment and Geographic Information (Tables)

12 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Financial Information for the Company's Reportable Segments

Financial information for the Company’s reportable segments for the fiscal years ended or at March 31 is summarized in the following tables:


			United States						Canada												Total

			(U.S. dollars in millions)
Year ended March 31, 2025
Revenues:
Retail			$	2,474					$	274											$	2,748
Dealer			268						23												291
Operating leases			5,634						816												6,450
Total revenues			8,376						1,113												9,489
Leased vehicle expenses			3,783						607												4,390
Interest expense			2,209						236												2,445
Realized (gains)/losses on derivatives and foreign currency denominated debt			141						(12)												129
Net revenues			2,243						282												2,525
Other income, net			141						18												159
Total net revenues			2,384						300												2,684
Expenses:
General and administrative expenses			542						55												597
Provision for credit losses			293						13												306
Early termination loss on operating leases			135						1												136


Income before income taxes and valuation adjustments			$	1,414					$	231											$	1,645
Reconciliation to consolidated income before income taxes:
Gain/(loss) on derivative instruments																					(172)
Gain/(loss) on foreign currency revaluation of debt																					(10)
Less: Realized (gains)/losses included in segment profit																					129
Consolidated income before income taxes																					$	1,592
Income tax expense			$	365					$	50											$	415

March 31, 2025
Finance receivables, net			$	47,493					$	5,023											$	52,516
Investment in operating leases, net			27,316						3,280												30,596
Total assets			80,254						8,715												88,969


			United States						Canada												Total

			(U.S. dollars in millions)
Year ended March 31, 2024
Revenues:
Retail			$	1,855					$	221											$	2,076
Dealer			206						24												230
Operating leases			5,192						907												6,099
Total revenues			7,253						1,152												8,405
Leased vehicle expenses			3,641						699												4,340
Interest expense			1,464						239												1,703
Realized (gains)/losses on derivatives and foreign currency denominated debt			(81)						(60)												(141)
Net revenues			2,229						274												2,503
Other income, net			110						18												128
Total net revenues			2,339						292												2,631
Expenses:
General and administrative expenses			503						54												557
Provision for credit losses			290						11												301
Early termination loss on operating leases			98						2												100


Income before income taxes and valuation adjustments			$	1,448					$	225											$	1,673
Reconciliation to consolidated income before income taxes:
Gain/(loss) on derivative instruments																					(19)
Gain/(loss) on foreign currency revaluation of debt																					25
Less: Realized (gains)/losses included in segment profit																					(141)
Consolidated income before income taxes																					$	1,538
Income tax expense			$	385					$	54											$	439

March 31, 2024
Finance receivables, net			$	42,419					$	4,829											$	47,248
Investment in operating leases, net			23,805						3,573												27,378
Total assets			69,722						8,747												78,469


			United States						Canada												Total

			(U.S. dollars in millions)
Year ended March 31, 2023
Revenues:
Retail			$	1,299					$	169											$	1,468
Dealer			104						12												116
Operating leases			5,535						1,065												6,600
Total revenues			6,938						1,246												8,184
Leased vehicle expenses			4,059						832												4,891
Interest expense			723						164												887
Realized (gains)/losses on derivatives and foreign currency denominated debt			(92)						(42)												(134)
Net revenues			2,248						292												2,540
Other income, net			77						15												92
Total net revenues			2,325						307												2,632
Expenses:
General and administrative expenses			430						55												485
Provision for credit losses			138						8												146
Early termination loss on operating leases			38						—												38


Income before income taxes and valuation adjustments			$	1,719					$	244											$	1,963
Reconciliation to consolidated income before income taxes:
Gain/(loss) on derivative instruments																					(697)
Gain/(loss) on foreign currency revaluation of debt																					410
Less: Realized (gains)/losses included in segment profit																					(134)
Consolidated income before income taxes																					$	1,542
Income tax expense			$	338					$	65											$	403

March 31, 2023
Finance receivables, net			$	33,518					$	4,067											$	37,585
Investment in operating leases, net			23,853						3,925												27,778
Total assets			60,556						8,335												68,891