v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Assets    
Cash and cash equivalents $ 1,843 $ 2,487
Finance receivables, net of allowance for credit losses of $450 and $436 54,888 54,343
Investment in operating leases, net 32,747 32,316
Income taxes receivable 156 101
Other assets 1,211 1,243
Derivative instruments 544 569
Total assets 91,576 91,206
Liabilities and Equity    
Debt 65,184 64,788
Income taxes payable 63 35
Deferred income taxes 5,922 5,774
Derivative instruments 604 661
Total liabilities 73,499 73,497
Commitments and contingencies (Note 8)
Shareholder’s equity:    
Common stock, $100 par value. Authorized 15,000,000 shares; issued and outstanding 13,660,000 shares as of June 30, 2026 and March 31, 2026 1,366 1,366
Retained earnings 15,760 15,369
Accumulated other comprehensive loss (195) (170)
Total shareholder’s equity 16,931 16,565
Noncontrolling interest in subsidiary 1,146 1,144
Total equity 18,077 17,709
Total liabilities and equity 91,576 91,206
Variable Interest Entity, Primary Beneficiary    
Assets    
Finance receivables, net of allowance for credit losses of $450 and $436 15,791 16,149
Other assets 679 695
Total assets 16,470 16,844
Liabilities and Equity    
Debt 14,908 15,344
Due to Parent and affiliated companies and Other liabilities 24 24
Total liabilities 14,932 15,368
Nonrelated Party and Affiliated Entity    
Liabilities and Equity    
Due to Parent and affiliated companies and Other liabilities 1,585 2,059
Affiliated Entity    
Assets    
Due from Parent and affiliated companies 187 147
Liabilities and Equity    
Due to Parent and affiliated companies and Other liabilities $ 141 $ 180