falsedesktopTMCC2020-12-31000156459021005182{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☐\tAccelerated filer\t☐\nNon-accelerated filer\t☒\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_1": "INDEX\t\nPART I\t3\nItem 1. Financial Statements\t3\nConsolidated Statements of Income\t3\nConsolidated Statements of Comprehensive Income\t3\nConsolidated Balance Sheets\t4\nConsolidated Statements of Shareholder's Equity\t5\nConsolidated Statements of Cash Flows\t6\nNotes to Consolidated Financial Statements\t7\nItem 2. Management's Discussion and Analysis of Financial Condition and Results of Operations\t44\nItem 3. Quantitative and Qualitative Disclosures About Market Risk\t76\nItem 4. Controls and Procedures\t76\nPART II\t77\nItem 1. Legal Proceedings\t77\nItem 1A. Risk Factors\t77\nItem 2. Unregistered Sales of Equity Securities and Use of Proceeds\t77\nItem 3. Defaults Upon Senior Securities\t77\nItem 4. Mine Safety Disclosures\t77\nItem 5. Other Information\t77\nItem 6. Exhibits\t78\nSignatures\t79\n", "q10k_tbl_2": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nFinancing revenues:\t\t\t\t\nOperating lease\t2122\t2212\t6365\t6593\nRetail\t749\t661\t2144\t1888\nDealer\t103\t171\t312\t544\nTotal financing revenues\t2974\t3044\t8821\t9025\nDepreciation on operating leases\t1450\t1712\t4484\t4920\nInterest expense\t491\t755\t1534\t2065\nNet financing revenues\t1033\t577\t2803\t2040\nInsurance earned premiums and contract revenues\t241\t231\t714\t692\nInvestment and other income net\t179\t57\t445\t272\nNet financing revenues and other revenues\t1453\t865\t3962\t3004\nExpenses:\t\t\t\t\nProvision for credit losses\t118\t128\t366\t264\nOperating and administrative\t354\t406\t1088\t1101\nInsurance losses and loss adjustment expenses\t98\t116\t265\t344\nTotal expenses\t570\t650\t1719\t1709\nIncome before income taxes\t883\t215\t2243\t1295\nProvision for income taxes\t215\t34\t546\t296\nNet income\t668\t181\t1697\t999\n", "q10k_tbl_3": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nNet income\t668\t181\t1697\t999\nOther comprehensive income net of tax\t\t\t\t\nNet unrealized gains (losses) on available-for-sale marketable securities [net of tax benefit (provision) of $0 $1 ($6) and ($4) respectively]\t2\t(2)\t26\t14\nReclassification adjustment for net gains on available-for-sale marketable securities included in investment and other income net [net of tax provision of $0 $1 $4 and $1 respectively]\t(2)\t(1)\t(15)\t(2)\nOther comprehensive income (loss)\t0\t(3)\t11\t12\nComprehensive income\t668\t178\t1708\t1011\n", "q10k_tbl_4": "\tDecember 31\tMarch 31\n\t2020\t2020\nASSETS\t\t\nCash and cash equivalents\t10622\t6790\nRestricted cash and cash equivalents\t1446\t1739\nInvestments in marketable securities\t4596\t3820\nFinance receivables net of allowance for credit losses of $1162 and $727\t78800\t73996\nInvestments in operating leases net\t36294\t36387\nOther assets\t2733\t2823\nTotal assets\t134491\t125555\nLIABILITIES AND SHAREHOLDER'S EQUITY\t\t\nDebt\t108972\t97740\nDeferred income taxes\t3589\t5458\nOther liabilities\t5937\t7854\nTotal liabilities\t118498\t111052\nCommitments and contingencies (Refer to Note 9)\t\t\nShareholder's equity:\t\t\nCapital stock no par value (100000 shares authorized; 91500 issued and outstanding) at December 31 2020 and March 31 2020\t915\t915\nAdditional paid-in capital\t2\t2\nAccumulated other comprehensive income\t26\t15\nRetained earnings\t15050\t13571\nTotal shareholder's equity\t15993\t14503\nTotal liabilities and shareholder's equity\t134491\t125555\n", "q10k_tbl_5": "\tDecember 31\tMarch 31\n\t2020\t2020\nASSETS\t\t\nFinance receivables net\t19334\t12375\nInvestments in operating leases net\t6268\t5586\nOther assets\t100\t131\nTotal assets\t25702\t18092\nLIABILITIES\t\t\nDebt\t21720\t14568\nOther liabilities\t16\t12\nTotal liabilities\t21736\t14580\n", "q10k_tbl_6": "\tThree months ended December 31 2019\t\t\t\t\n\t\t\tAccumulated\t\t\n\t\tAdditional\tother\t\t\n\tCapital\tpaid-in\tcomprehensive\tRetained\t\n\tstock\tcapital\tincome (loss)\tearnings\tTotal\nBalance at September 30 2019\t915\t2\t18\t13476\t14411\nNet income\t0\t0\t0\t181\t181\nOther comprehensive loss net of tax\t0\t0\t(3)\t0\t(3)\nBalance at December 31 2019\t915\t2\t15\t13657\t14589\n\tNine months ended December 31 2019\t\t\t\t\n\t\t\tAccumulated\t\t\n\t\tAdditional\tother\t\t\n\tCapital\tpaid-in\tcomprehensive\tRetained\t\n\tstock\tcapital\tincome\tearnings\tTotal\nBalance at March 31 2019\t915\t2\t3\t12658\t13578\nNet income\t0\t0\t0\t999\t999\nOther comprehensive income net of tax\t0\t0\t12\t0\t12\nBalance at December 31 2019\t915\t2\t15\t13657\t14589\n", "q10k_tbl_7": "\tThree months ended December 31 2020\t\t\t\t\n\t\t\tAccumulated\t\t\n\t\tAdditional\tother\t\t\n\tCapital\tpaid-in\tcomprehensive\tRetained\t\n\tstock\tcapital\tincome\tearnings\tTotal\nBalance at September 30 2020\t915\t2\t26\t14382\t15325\nNet income\t0\t0\t0\t668\t668\nOther comprehensive income net of tax\t0\t0\t0\t0\t0\nBalance at December 31 2020\t915\t2\t26\t15050\t15993\n\tNine months ended December 31 2020\t\t\t\t\n\t\t\tAccumulated\t\t\n\t\tAdditional\tother\t\t\n\tCapital\tpaid-in\tcomprehensive\tRetained\t\n\tstock\tcapital\tincome\tearnings\tTotal\nBalance at March 31 2020\t915\t2\t15\t13571\t14503\nCumulative-effect of adoption of ASU 2016-13\t0\t0\t0\t(218)\t(218)\nNet income\t0\t0\t0\t1697\t1697\nOther comprehensive income net of tax\t0\t0\t11\t0\t11\nBalance at December 31 2020\t915\t2\t26\t15050\t15993\n", "q10k_tbl_8": "\tNine months ended December 31\t\n\t2020\t2019\nCash flows from operating activities:\t\t\nNet income\t1697\t999\nAdjustments to reconcile net income to net cash provided by operating activities:\t\t\nDepreciation and amortization\t4572\t5003\nRecognition of deferred income\t(1864)\t(1861)\nProvision for credit losses\t366\t264\nAmortization of deferred costs\t572\t525\nForeign currency and other adjustments to the carrying value of debt net\t1806\t151\nNet gains from investments in marketable securities\t(222)\t(54)\nNet change in:\t\t\nDerivative assets\t(9)\t6\nOther assets and accrued interest\t140\t(245)\nDeferred income taxes\t(1797)\t201\nDerivative liabilities\t(21)\t(24)\nOther liabilities\t993\t92\nNet cash provided by operating activities\t6233\t5057\nCash flows from investing activities:\t\t\nPurchase of investments in marketable securities\t(1862)\t(1402)\nProceeds from sales of investments in marketable securities\t405\t232\nProceeds from maturities of investments in marketable securities\t916\t520\nAcquisition of finance receivables\t(29164)\t(22807)\nCollection of finance receivables\t20390\t19102\nNet change in wholesale and certain working capital receivables\t3261\t782\nAcquisition of investments in operating leases\t(11777)\t(12243)\nDisposals of investments in operating leases\t8570\t9060\nLong term loans to affiliates\t(200)\t(200)\nPayments on long term loans from affiliates\t406\t19\nOther net\t(48)\t(26)\nNet cash used in investing activities\t(9103)\t(6963)\nCash flows from financing activities:\t\t\nProceeds from issuance of debt\t38669\t17830\nPayments on debt\t(21909)\t(15778)\nNet change in commercial paper and other short-term financing\t(7334)\t2410\nPayment on loan from affiliate\t(3000)\t0\nNet change in financing support provided by affiliates\t(17)\t43\nDividend paid\t0\t(10)\nNet cash provided by financing activities\t6409\t4495\nNet increase in cash and cash equivalents and restricted cash and cash equivalents\t3539\t2589\nCash and cash equivalents and restricted cash and cash equivalents at the beginning of the period\t8529\t3183\nCash and cash equivalents and restricted cash and cash equivalents at the end of the period\t12068\t5772\nSupplemental disclosures:\t\t\nInterest paid net\t1909\t1971\nIncome taxes paid net\t1177\t105\n", "q10k_tbl_9": "\tDecember 31 2020\t\t\t\n\tAmortized\tUnrealized\tUnrealized\tFair\n\tcost\tgains\tlosses\tvalue\nAvailable-for-sale debt securities:\t\t\t\t\nU.S. government and agency obligations\t223\t9\t(2)\t230\nMunicipal debt securities\t8\t2\t0\t10\nCommercial paper\t200\t0\t0\t200\nCorporate debt securities\t159\t18\t0\t177\nMortgage-backed securities:\t\t\t\t\nU.S. government agency\t35\t2\t0\t37\nNon-agency residential\t1\t0\t0\t1\nNon-agency commercial\t47\t2\t(2)\t47\nAsset-backed securities\t51\t4\t0\t55\nTotal available-for-sale debt securities\t724\t37\t(4)\t757\nEquity investments\t\t\t\t3839\nTotal investments in marketable securities\t\t\t\t4596\n", "q10k_tbl_10": "\tMarch 31 2020\t\t\t\n\tAmortized\tUnrealized\tUnrealized\tFair\n\tcost\tgains\tlosses\tvalue\nAvailable-for-sale debt securities:\t\t\t\t\nU.S. government and agency obligations\t160\t16\t0\t176\nMunicipal debt securities\t9\t2\t0\t11\nCertificates of deposit\t250\t0\t(1)\t249\nCommercial paper\t604\t0\t(3)\t601\nCorporate debt securities\t188\t10\t(1)\t197\nMortgage-backed securities:\t\t\t\t\nU.S. government agency\t47\t2\t0\t49\nNon-agency residential\t1\t0\t0\t1\nNon-agency commercial\t47\t0\t(2)\t45\nAsset-backed securities\t75\t0\t(3)\t72\nTotal available-for-sale debt securities\t1381\t30\t(10)\t1401\nEquity investments\t\t\t\t2419\nTotal investments in marketable securities\t\t\t\t3820\n", "q10k_tbl_11": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nAvailable-for-sale debt securities:\t\t\t\t\nRealized gains\t2\t2\t19\t3\nEquity investments:\t\t\t\t\nUnrealized gains (losses) recognized\t49\t(38)\t188\t48\nRealized gains on sales\t3\t0\t15\t3\n", "q10k_tbl_12": "\tDecember 31 2020\t\n\tAmortized cost\tFair value\nAvailable-for-sale debt securities:\t\t\nDue within 1 year\t236\t237\nDue after 1 year through 5 years\t133\t142\nDue after 5 years through 10 years\t141\t151\nDue after 10 years\t80\t87\nMortgage-backed and asset-backed securities1\t134\t140\nTotal\t724\t757\n", "q10k_tbl_13": "\tDecember 31\tMarch 31\n\t2020\t2020\nRetail receivables 1\t65102\t57088\nDealer financing\t15212\t17873\n\t80314\t74961\nDeferred origination costs\t1083\t890\nDeferred income\t(1435)\t(1128)\nAllowance for credit losses\t\t\nRetail and securitized retail receivables\t(1052)\t(486)\nDealer financing\t(110)\t(241)\nTotal allowance for credit losses\t(1162)\t(727)\nFinance receivables net\t78800\t73996\n", "q10k_tbl_14": "\tAmortized Cost Basis by Origination Fiscal Year\t\t\t\t\t\t\n\t2021\t2020\t2019\t2018\t2017\t2016 and Prior\tTotal\nAging of finance receivables:\t\t\t\t\t\t\t\nCurrent\t24905\t17763\t10165\t6963\t3117\t744\t63657\n30-59 days past due\t137\t215\t177\t132\t78\t50\t789\n60-89 days past due\t32\t62\t52\t36\t22\t15\t219\n90 days or greater past due\t12\t26\t19\t13\t8\t7\t85\nTotal\t25086\t18066\t10413\t7144\t3225\t816\t64750\n", "q10k_tbl_15": "\tRetail loan\n\tMarch 31 2020\nAging of finance receivables:\t\nCurrent\t56064\n30-59 days past due\t717\n60-89 days past due\t203\n90 days or greater past due\t104\nTotal\t57088\n", "q10k_tbl_16": "\tAmortized Cost Basis by Origination Fiscal Year\t\t\t\t\t\t\t\n\t2021\t2020\t2019\t2018\t2017\t2016 and Prior\tRevolving loans\tTotal\nWholesale\t\t\t\t\t\t\t\t\nPerforming\t0\t0\t0\t0\t0\t0\t7133\t7133\nCredit Watch\t0\t0\t0\t0\t0\t0\t275\t275\nAt Risk\t0\t0\t0\t0\t0\t0\t34\t34\nDefault\t0\t0\t0\t0\t0\t0\t15\t15\nWholesale total\t0\t0\t0\t0\t0\t0\t7457\t7457\nReal estate\t\t\t\t\t\t\t\t\nPerforming\t1571\t355\t601\t386\t358\t1652\t0\t4923\nCredit Watch\t34\t49\t7\t20\t9\t107\t0\t226\nAt Risk\t14\t0\t0\t0\t5\t17\t0\t36\nDefault\t0\t0\t0\t13\t9\t0\t0\t22\nReal estate total\t1619\t404\t608\t419\t381\t1776\t0\t5207\nWorking Capital\t\t\t\t\t\t\t\t\nPerforming\t412\t346\t206\t47\t114\t197\t1154\t2476\nCredit Watch\t6\t24\t14\t0\t0\t19\t1\t64\nAt Risk\t0\t0\t0\t0\t8\t0\t0\t8\nDefault\t0\t0\t0\t0\t0\t0\t0\t0\nWorking capital total\t418\t370\t220\t47\t122\t216\t1155\t2548\nTotal\t2037\t774\t828\t466\t503\t1992\t8612\t15212\n", "q10k_tbl_17": "\tMarch 31 2020\t\t\n\tWholesale\tReal estate\tWorking capital\nCredit quality indicators:\t\t\t\nPerforming\t8750\t3974\t3132\nCredit Watch\t962\t576\t195\nAt Risk\t92\t55\t92\nDefault\t22\t23\t0\nTotal\t9826\t4628\t3419\n", "q10k_tbl_18": "\tDecember 31 2020\t\t\t\t\t\t\n\t30 - 59 Days past due\t60 - 89 Days past due\t90 Days or greater past due\tTotal Past due\tCurrent\tTotal Finance receivables\t90 Days or greater past due and accruing\nRetail loan\t789\t219\t85\t1093\t63657\t64750\t65\nWholesale\t0\t0\t0\t0\t7457\t7457\t0\nReal estate\t0\t0\t0\t0\t5207\t5207\t0\nWorking capital\t0\t0\t0\t0\t2548\t2548\t0\nTotal\t789\t219\t85\t1093\t78869\t79962\t65\n", "q10k_tbl_19": "\tMarch 31 2020\t\t\t\t\t\t\n\t30 - 59 Days past due\t60 - 89 Days past due\t90 Days or greater past due\tTotal Past due\tCurrent\tTotal Finance receivables\t90 Days or greater past due and accruing\nRetail loan\t717\t203\t104\t1024\t56064\t57088\t66\nWholesale\t0\t0\t0\t0\t9826\t9826\t0\nReal estate\t0\t0\t1\t1\t4627\t4628\t0\nWorking capital\t0\t0\t0\t0\t3419\t3419\t0\nTotal\t717\t203\t105\t1025\t73936\t74961\t66\n", "q10k_tbl_20": "\tDecember 31\tMarch 31\n\t2020\t2020\nInvestments in operating leases 1\t47858\t48638\nDeferred origination (fees) and costs net\t(135)\t(223)\nDeferred income\t(1787)\t(1962)\nAccumulated depreciation\t(9642)\t(9976)\nAllowance for credit losses\t0\t(90)\nInvestments in operating leases net\t36294\t36387\n", "q10k_tbl_21": "\tThree months ended December 31 2020\t\t\n\tRetail loan\tDealer products\tTotal\nBeginning balance October 1 2020\t1020\t154\t1174\nCharge-offs\t(113)\t0\t(113)\nRecoveries\t12\t8\t20\nProvision for credit losses\t133\t(15)\t118\nEnding balance December 31 2020 2\t1052\t147\t1199\n\tNine months ended December 31 2020\t\t\n\tRetail loan\tDealer products\tTotal\nBeginning balance April 1 2020\t486\t241\t727\nAdoption of ASU 2016-13 1\t281\t11\t292\nCharge-offs\t(228)\t0\t(228)\nRecoveries\t33\t9\t42\nProvision for credit losses\t480\t(114)\t366\nEnding balance December 31 2020 2\t1052\t147\t1199\n", "q10k_tbl_22": "\tThree months ended December 31 2019 1\t\t\nAllowance for Credit Losses for Finance Receivables:\tRetail Loan\tDealer Products\tTotal\nBeginning balance October 1 2019\t317\t188\t505\nCharge-offs\t(117)\t0\t(117)\nRecoveries\t12\t0\t12\nProvision for credit losses\t116\t7\t123\nEnding balance December 31 2019\t328\t195\t523\n\tNine months ended December 31 2019 1\t\t\nAllowance for Credit Losses for Finance Receivables:\tRetail loan\tDealer products\tTotal\nBeginning balance April 1 2019\t304\t195\t499\nCharge-offs\t(269)\t0\t(269)\nRecoveries\t39\t0\t39\nProvision for credit losses\t254\t0\t254\nEnding balance December 31 2019\t328\t195\t523\n", "q10k_tbl_23": "\tDecember 31 2020\t\tMarch 31 2020\t\n\t\tFair\t\tFair\n\tNotional\tvalue\tNotional\tvalue\nOther assets:\t\t\t\t\nInterest rate swaps\t38555\t1285\t30362\t1410\nForeign currency swaps\t10424\t745\t488\t27\nTotal\t48979\t2030\t30850\t1437\nCounterparty netting\t\t(794)\t\t(966)\nCollateral held\t\t(1176)\t\t(420)\nCarrying value of derivative contracts - Other assets\t\t60\t\t51\nOther liabilities:\t\t\t\t\nInterest rate swaps\t56256\t1361\t69079\t1826\nForeign currency swaps\t2312\t109\t13181\t1290\nTotal\t58568\t1470\t82260\t3116\nCounterparty netting\t\t(794)\t\t(966)\nCollateral posted\t\t(652)\t\t(2105)\nCarrying value of derivative contracts - Other liabilities\t\t24\t\t45\n", "q10k_tbl_24": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nInterest expense on debt\t460\t620\t1531\t1914\nInterest expense on derivatives\t103\t51\t334\t100\nInterest expense on debt and derivatives\t563\t671\t1865\t2014\nLosses (gains) on debt denominated in foreign currencies\t655\t452\t1703\t(8)\nGains on foreign currency swaps\t(658)\t(385)\t(1754)\t(19)\n(Gains) losses on U.S. dollar interest rate swaps\t(69)\t17\t(280)\t78\nTotal interest expense\t491\t755\t1534\t2065\n", "q10k_tbl_25": "\tDecember 31 2020\t\t\tMarch 31 2020\t\t\n\tFace value\tCarrying value\tWeighted average contractual interest rates\tFace value\tCarrying value\tWeighted average contractual interest rates\nUnsecured notes and loans payable\t87504\t87252\t1.42%\t83477\t83172\t2.07%\nSecured notes and loans payable\t21759\t21720\t1.59%\t14597\t14568\t2.13%\nTotal debt\t109263\t108972\t1.45%\t98074\t97740\t2.08%\n", "q10k_tbl_26": "\tDecember 31 2020\t\t\t\t\n\t\tVIE Assets\t\tVIE Liabilities\t\n\t\tNet\t\t\t\n\tRestricted cash\tsecuritized assets\tOther assets\tDebt\tOther liabilities\nRetail finance receivables\t1116\t19334\t44\t17367\t15\nInvestments in operating leases\t330\t6268\t56\t4353\t1\nTotal\t1446\t25602\t100\t21720\t16\n", "q10k_tbl_27": "\tMarch 31 2020\t\t\t\t\n\t\tVIE Assets\t\tVIE Liabilities\t\n\t\tNet\t\t\t\n\tRestricted cash\tsecuritized assets\tOther assets\tDebt\tOther liabilities\nRetail finance receivables\t694\t12375\t5\t10933\t10\nInvestments in operating leases\t302\t5586\t126\t3635\t2\nTotal\t996\t17961\t131\t14568\t12\n", "q10k_tbl_28": "\tDecember 31\tMarch 31\n\t2020\t2020\nCommitments:\t\t\nCredit facilities commitments with dealers\t2156\t1226\nCommitments under operating lease agreements\t147\t139\nTotal commitments\t2303\t1365\nGuarantees of affiliate pollution control and solid waste disposal bonds\t100\t100\nTotal commitments and guarantees\t2403\t1465\n", "q10k_tbl_29": "\tDecember 31\nYears ending March 31\t2020\n2021\t6\n2022\t26\n2023\t18\n2024\t16\n2025\t13\nThereafter\t68\nTotal\t147\nPresent value discount\t(17)\nTotal operating lease liability\t130\n", "q10k_tbl_30": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n\t2020\t2019\t2020\t2019\nNet financing revenues:\t\t\t\t\nManufacturer's subvention and other revenues\t503\t526\t1504\t1546\nDepreciation on operating leases\t(33)\t(16)\t(82)\t(39)\nInterest expense:\t\t\t\t\nCredit support fees interest and other expenses\t26\t24\t93\t72\nInsurance earned premiums and contract revenues:\t\t\t\t\nInsurance premiums and contract revenues\t43\t46\t130\t136\nInvestment and other income net:\t\t\t\t\nInterest and other income\t3\t7\t16\t19\nExpenses:\t\t\t\t\nOperating and administrative expenses\t20\t29\t63\t65\n", "q10k_tbl_31": "\tDecember 31\tMarch 31\n\t2020\t2020\nAssets:\t\t\nCash and cash equivalents\t\t\nCommercial paper\t30\t276\nInvestments in marketable securities\t\t\nCommercial paper\t200\t601\nFinance receivables net\t\t\nAccounts receivable\t156\t112\nDeferred retail subvention income\t(1196)\t(1065)\nInvestments in operating leases net\t\t\nInvestments in operating leases net\t(221)\t(100)\nDeferred lease subvention income\t(1603)\t(1941)\nOther assets\t\t\nNotes receivable\t969\t1175\nOther receivables net\t84\t97\nLiabilities:\t\t\nOther liabilities\t\t\nUnearned affiliate insurance premiums and contract revenues\t349\t344\nOther payables net\t168\t220\nNotes payable\t15\t3032\n", "q10k_tbl_32": "\tDecember 31 2020\t\t\t\t\n\t\t\t\tCounterparty\t\n\t\t\t\tnetting &\tFair\n\tLevel 1\tLevel 2\tLevel 3\tcollateral\tvalue\nInvestments in marketable securities:\t\t\t\t\t\nAvailable-for-sale debt securities:\t\t\t\t\t\nU.S. government and agency obligations\t228\t2\t0\t0\t230\nMunicipal debt securities\t0\t10\t0\t0\t10\nCommercial paper\t0\t200\t0\t0\t200\nCorporate debt securities\t0\t177\t0\t0\t177\nMortgage-backed securities:\t\t\t\t\t\nU.S. government agency\t0\t37\t0\t0\t37\nNon-agency residential\t0\t0\t1\t0\t1\nNon-agency commercial\t0\t0\t47\t0\t47\nAsset-backed securities\t0\t0\t55\t0\t55\nAvailable-for-sale debt securities total\t228\t426\t103\t0\t757\nEquity investments:\t\t\t\t\t\nFixed income mutual funds:\t\t\t\t\t\nFixed income mutual funds measured at net asset value\t\t\t\t\t794\nTotal return bond funds\t2306\t0\t0\t0\t2306\nEquity mutual funds\t739\t0\t0\t0\t739\nEquity investments total\t3045\t0\t0\t0\t3839\nInvestments in marketable securities total\t3273\t426\t103\t0\t4596\nDerivative assets:\t\t\t\t\t\nInterest rate swaps\t0\t1285\t0\t0\t1285\nForeign currency swaps\t0\t745\t0\t0\t745\nCounterparty netting and collateral\t0\t0\t0\t(1970)\t(1970)\nDerivative assets total\t0\t2030\t0\t(1970)\t60\nAssets at fair value\t3273\t2456\t103\t(1970)\t4656\nDerivative liabilities:\t\t\t\t\t\nInterest rate swaps\t0\t(1361)\t0\t0\t(1361)\nForeign currency swaps\t0\t(109)\t0\t0\t(109)\nCounterparty netting and collateral\t0\t0\t0\t1446\t1446\nLiabilities at fair value\t0\t(1470)\t0\t1446\t(24)\nNet assets at fair value\t3273\t986\t103\t(524)\t4632\n", "q10k_tbl_33": "\tMarch 31 2020\t\t\t\t\n\t\t\t\tCounterparty\t\n\t\t\t\tnetting &\tFair\n\tLevel 1\tLevel 2\tLevel 3\tcollateral\tvalue\nInvestments in marketable securities:\t\t\t\t\t\nAvailable-for-sale debt securities:\t\t\t\t\t\nU.S. government and agency obligations\t174\t2\t0\t0\t176\nMunicipal debt securities\t0\t11\t0\t0\t11\nCertificates of deposit\t0\t249\t0\t0\t249\nCommercial paper\t0\t601\t0\t0\t601\nCorporate debt securities\t0\t197\t0\t0\t197\nMortgage-backed securities:\t\t\t\t\t\nU.S. government agency\t0\t49\t0\t0\t49\nNon-agency residential\t0\t0\t1\t0\t1\nNon-agency commercial\t0\t0\t45\t0\t45\nAsset-backed securities\t0\t0\t72\t0\t72\nAvailable-for-sale debt securities total\t174\t1109\t118\t0\t1401\nEquity investments:\t\t\t\t\t\nFixed income mutual funds:\t\t\t\t\t\nFixed income mutual funds measured at net asset value\t\t\t\t\t746\nTotal return bond funds\t1673\t0\t0\t0\t1673\nEquity investments total\t1673\t0\t0\t0\t2419\nInvestments in marketable securities total\t1847\t1109\t118\t0\t3820\nDerivative assets:\t\t\t\t\t\nInterest rate swaps\t0\t1410\t0\t0\t1410\nForeign currency swaps\t0\t27\t0\t0\t27\nCounterparty netting and collateral\t0\t0\t0\t(1386)\t(1386)\nDerivative assets total\t0\t1437\t0\t(1386)\t51\nAssets at fair value\t1847\t2546\t118\t(1386)\t3871\nDerivative liabilities:\t\t\t\t\t\nInterest rate swaps\t0\t(1826)\t0\t0\t(1826)\nForeign currency swaps\t0\t(1290)\t0\t0\t(1290)\nCounterparty netting and collateral\t0\t0\t0\t3071\t3071\nLiabilities at fair value\t0\t(3116)\t0\t3071\t(45)\nNet assets at fair value\t1847\t(570)\t118\t1685\t3826\n", "q10k_tbl_34": "\tThree months ended December 31 2020\t\t\n\tAvailable-for-sale debt securities\t\t\n\t\t\tTotal\n\tMortgage-\tAsset-\tavailable-\n\tbacked\tbacked\tfor-sale debt\n\tsecurities\tsecurities\tsecurities\nFair value October 1 2020\t47\t58\t105\nTotal gains (losses)\t\t\t\nIncluded in other comprehensive income\t1\t0\t1\nPurchases issuances sales and settlements\t\t\t\nPurchases\t0\t0\t0\nIssuances\t0\t0\t0\nSales\t0\t0\t0\nSettlements\t0\t(3)\t(3)\nTransfers into Level 3\t0\t0\t0\nTransfers out of Level 3\t0\t0\t0\nFair value December 31 2020\t48\t55\t103\nThe amount of total unrealized gains (losses) included in other comprehensive income attributable to assets held at the reporting date\t1\t1\t2\n", "q10k_tbl_35": "\tThree months ended December 31 2019\t\t\n\tAvailable-for-sale debt securities\t\t\n\t\t\tTotal\n\tMortgage-\tAsset-\tavailable-\n\tbacked\tbacked\tfor-sale debt\n\tsecurities\tsecurities\tsecurities\nFair value October 1 2019\t46\t81\t127\nTotal gains (losses)\t\t\t\nIncluded in other comprehensive income\t(1)\t0\t(1)\nPurchases issuances sales and settlements\t\t\t\nPurchases\t6\t4\t10\nIssuances\t0\t0\t0\nSales\t0\t0\t0\nSettlements\t(1)\t(4)\t(5)\nTransfers into Level 3\t0\t0\t0\nTransfers out of Level 3\t0\t0\t0\nFair value December 31 2019\t50\t81\t131\n", "q10k_tbl_36": "\tNine months ended December 31 2020\t\t\n\tAvailable-for-sale debt securities\t\t\n\t\t\tTotal\n\tMortgage-\tAsset-\tavailable-\n\tbacked\tbacked\tfor-sale debt\n\tsecurities\tsecurities\tsecurities\nFair value April 1 2020\t46\t72\t118\nTotal gains (losses)\t\t\t\nIncluded in other comprehensive income\t2\t7\t9\nPurchases issuances sales and settlements\t\t\t\nPurchases\t0\t2\t2\nIssuances\t0\t0\t0\nSales\t0\t(10)\t(10)\nSettlements\t0\t(16)\t(16)\nTransfers into Level 3\t0\t0\t0\nTransfers out of Level 3\t0\t0\t0\nFair value December 31 2020\t48\t55\t103\nThe amount of total unrealized gains (losses) included in other comprehensive income attributable to assets held at the reporting date\t2\t7\t9\n", "q10k_tbl_37": "\tNine months ended December 31 2019\t\t\n\tAvailable-for-sale debt securities\t\t\n\t\t\tTotal\n\tMortgage-\tAsset-\tavailable-\n\tbacked\tbacked\tfor-sale debt\n\tsecurities\tsecurities\tsecurities\nFair value April 1 2019\t40\t53\t93\nTotal gains (losses)\t\t\t\nIncluded in other comprehensive income\t0\t1\t1\nPurchases issuances sales and settlements\t\t\t\nPurchases\t11\t38\t49\nIssuances\t0\t0\t0\nSales\t0\t0\t0\nSettlements\t(1)\t(11)\t(12)\nTransfers into Level 3\t0\t0\t0\nTransfers out of Level 3\t0\t0\t0\nFair value December 31 2019\t50\t81\t131\n", "q10k_tbl_38": "\tDecember 31 2020\t\t\t\t\n\tCarrying\t\t\t\tTotal Fair\n\tvalue\tLevel 1\tLevel 2\tLevel 3\tvalue\nFinancial assets\t\t\t\t\t\nFinance receivables\t\t\t\t\t\nRetail loan\t63859\t0\t0\t67499\t67499\nWholesale\t7420\t0\t0\t7444\t7444\nReal estate\t5131\t0\t0\t5218\t5218\nWorking capital\t2427\t0\t0\t2356\t2356\nFinancial liabilities\t\t\t\t\t\nUnsecured notes and loans payable\t87252\t0\t88752\t555\t89307\nSecured notes and loans payable\t21720\t0\t0\t22054\t22054\n", "q10k_tbl_39": "\tMarch 31 2020\t\t\t\t\n\tCarrying\t\t\t\tTotal Fair\n\tvalue\tLevel 1\tLevel 2\tLevel 3\tvalue\nFinancial assets\t\t\t\t\t\nFinance receivables net\t\t\t\t\t\nRetail loan\t56360\t0\t0\t57303\t57303\nWholesale\t9672\t0\t0\t9637\t9637\nReal estate\t4544\t0\t0\t4140\t4140\nWorking capital\t3308\t0\t0\t2811\t2811\nFinancial liabilities\t\t\t\t\t\nUnsecured notes and loans payable\t83172\t0\t82429\t560\t82989\nSecured notes and loans payable\t14568\t0\t0\t14608\t14608\n", "q10k_tbl_40": "\tThree months ended December 31 2020\t\t\t\n\tFinance\tInsurance\tIntercompany\t\n\toperations\toperations\teliminations\tTotal\nTotal financing revenues\t2974\t0\t0\t2974\nDepreciation on operating leases\t1450\t0\t0\t1450\nInterest expense\t491\t0\t0\t491\nNet financing revenues\t1033\t0\t0\t1033\nInsurance earned premiums and contract revenues\t0\t241\t0\t241\nInvestment and other income net\t21\t158\t0\t179\nNet financing and other revenues\t1054\t399\t0\t1453\nExpenses:\t\t\t\t\nProvision for credit losses\t118\t0\t0\t118\nOperating and administrative expenses\t268\t86\t0\t354\nInsurance losses and loss adjustment expenses\t0\t98\t0\t98\nTotal expenses\t386\t184\t0\t570\nIncome before income taxes\t668\t215\t0\t883\nProvision for income taxes\t163\t52\t0\t215\nNet income\t505\t163\t0\t668\n\tNine months ended December 31 2020\t\t\t\n\tFinance\tInsurance\tIntercompany\t\n\toperations\toperations\teliminations\tTotal\nTotal financing revenues\t8821\t0\t0\t8821\nDepreciation on operating leases\t4484\t0\t0\t4484\nInterest expense\t1534\t0\t0\t1534\nNet financing revenues\t2803\t0\t0\t2803\nInsurance earned premiums and contract revenues\t0\t714\t0\t714\nInvestment and other income net\t76\t369\t0\t445\nNet financing and other revenues\t2879\t1083\t0\t3962\nExpenses:\t\t\t\t\nProvision for credit losses\t366\t0\t0\t366\nOperating and administrative expenses\t818\t270\t0\t1088\nInsurance losses and loss adjustment expenses\t0\t265\t0\t265\nTotal expenses\t1184\t535\t0\t1719\nIncome before income taxes\t1695\t548\t0\t2243\nProvision for income taxes\t414\t132\t0\t546\nNet income\t1281\t416\t0\t1697\nTotal assets at December 31 2020\t128442\t6176\t(127)\t134491\n", "q10k_tbl_41": "\tThree months ended December 31 2019\t\t\t\n\tFinance\tInsurance\tIntercompany\t\n\toperations\toperations\teliminations\tTotal\nTotal financing revenues\t3044\t0\t0\t3044\nDepreciation on operating leases\t1712\t0\t0\t1712\nInterest expense\t759\t0\t(4)\t755\nNet financing revenues\t573\t0\t4\t577\nInsurance earned premiums and contract revenues\t0\t231\t0\t231\nInvestment and other income net\t42\t19\t(4)\t57\nNet financing and other revenues\t615\t250\t0\t865\nExpenses:\t\t\t\t\nProvision for credit losses\t128\t0\t0\t128\nOperating and administrative expenses\t318\t88\t0\t406\nInsurance losses and loss adjustment expenses\t0\t116\t0\t116\nTotal expenses\t446\t204\t0\t650\nIncome before income taxes\t169\t46\t0\t215\nProvision for income taxes\t23\t11\t0\t34\nNet income\t146\t35\t0\t181\n\tNine months ended December 31 2019\t\t\t\n\tFinance\tInsurance\tIntercompany\t\n\toperations\toperations\teliminations\tTotal\nTotal financing revenues\t9025\t0\t0\t9025\nDepreciation on operating leases\t4920\t0\t0\t4920\nInterest expense\t2081\t0\t(16)\t2065\nNet financing revenues\t2024\t0\t16\t2040\nInsurance earned premiums and contract revenues\t0\t692\t0\t692\nInvestment and other income net\t117\t171\t(16)\t272\nNet financing and other revenues\t2141\t863\t0\t3004\nExpenses:\t\t\t\t\nProvision for credit losses\t264\t0\t0\t264\nOperating and administrative expenses\t832\t269\t0\t1101\nInsurance losses and loss adjustment expenses\t0\t344\t0\t344\nTotal expenses\t1096\t613\t0\t1709\nIncome before income taxes\t1045\t250\t0\t1295\nProvision for income taxes\t235\t61\t0\t296\nNet income\t810\t189\t0\t999\nTotal assets at December 31 2019\t118228\t5491\t(1112)\t122607\n", "q10k_tbl_42": "December 31 2020\t\t\nRetail\t\tLease\nCurrent or paid-in-full\t90.9%\t94.4%\n30-59 Days past due\t4.6%\t2.6%\n60 or more days past due\t2.2%\t1.1%\nCharged-off\t2.3%\t1.9%\nTotal\t100.0%\t100.0%\n", "q10k_tbl_43": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\nNet income:\t\t\t\t\nFinance operations1\t505\t146\t1281\t810\nInsurance operations1\t163\t35\t416\t189\nTotal net income\t668\t181\t1697\t999\n", "q10k_tbl_44": "\tThree months ended\t\t\tNine months ended\t\t\n\tDecember 31\t\tPercentage\tDecember 31\t\tPercentage\n(Dollars in millions)\t2020\t2019\tChange\t2020\t2019\tChange\nFinancing revenues:\t\t\t\t\t\t\nOperating lease\t2122\t2212\t(4)%\t6365\t6593\t(3)%\nRetail\t749\t661\t13%\t2144\t1888\t14%\nDealer\t103\t171\t(40)%\t312\t544\t(43)%\nTotal financing revenues\t2974\t3044\t(2)%\t8821\t9025\t(2)%\nDepreciation on operating leases 1\t1450\t1712\t(15)%\t4484\t4920\t(9)%\nInterest expense\t491\t759\t(35)%\t1534\t2081\t(26)%\nNet financing revenues\t1033\t573\t80%\t2803\t2024\t38%\nInvestment and other income net\t21\t42\t(50)%\t76\t117\t(35)%\nNet financing and other revenues\t1054\t615\t71%\t2879\t2141\t34%\nExpenses:\t\t\t\t\t\t\nProvision for credit losses 1\t118\t128\t(8)%\t366\t264\t39%\nOperating and administrative expenses\t268\t318\t(16)%\t818\t832\t(2)%\nTotal expenses\t386\t446\t(13)%\t1184\t1096\t8%\nIncome before income taxes\t668\t169\t295%\t1695\t1045\t62%\nProvision for income taxes\t163\t23\t609%\t414\t235\t76%\nNet income from finance operations\t505\t146\t246%\t1281\t810\t58%\n", "q10k_tbl_45": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\nInterest expense on debt\t460\t620\t1531\t1914\nInterest expense on derivatives\t103\t51\t334\t100\nInterest expense on debt and derivatives\t563\t671\t1865\t2014\nLosses (gains) on debt denominated in foreign currencies\t655\t452\t1703\t(8)\nGains on foreign currency swaps\t(658)\t(385)\t(1754)\t(19)\n(Gains) losses on U.S. dollar interest rate swaps\t(69)\t17\t(280)\t78\nTotal interest expense\t491\t755\t1534\t2065\n", "q10k_tbl_46": "\tThree months ended\t\t\tNine months ended\t\t\n\tDecember 31\t\tPercentage\tDecember 31\t\tPercentage\n\t2020\t2019\tChange\t2020\t2019\tChange\nAgreements (units in thousands)\t\t\t\t\t\t\nIssued\t662\t651\t2%\t1872\t1999\t(6)%\nAverage in force\t9913\t9591\t3%\t9787\t9444\t4%\n(Dollars in millions)\t\t\t\t\t\t\nInsurance earned premiums and contract revenues\t241\t231\t4%\t714\t692\t3%\nInvestment and other income net\t158\t19\t732%\t369\t171\t116%\nRevenues from insurance operations\t399\t250\t60%\t1083\t863\t25%\nExpenses:\t\t\t\t\t\t\nInsurance losses and loss adjustment expenses\t98\t116\t(16)%\t265\t344\t(23)%\nOperating and administrative expenses\t86\t88\t(2)%\t270\t269\t-%\nTotal expenses\t184\t204\t(10)%\t535\t613\t(13)%\nIncome before income taxes\t215\t46\t367%\t548\t250\t119%\nProvision for income taxes\t52\t11\t373%\t132\t61\t116%\nNet income from insurance operations\t163\t35\t366%\t416\t189\t120%\n", "q10k_tbl_47": "\tThree months ended\t\t\tNine months ended\t\t\n\tDecember 31\t\tPercentage\tDecember 31\t\tPercentage\n(units in thousands):\t2020\t2019\tChange\t2020\t2019\tChange\nVehicle financing volume:1\t\t\t\t\t\t\nNew retail contracts\t198\t156\t27%\t570\t506\t13%\nUsed retail contracts\t114\t83\t37%\t354\t253\t40%\nLease contracts\t142\t113\t26%\t355\t375\t(5)%\nTotal\t454\t352\t29%\t1279\t1134\t13%\nTMNA subvened vehicle financing volume: 2\t\t\t\t\t\t\nNew retail contracts\t68\t52\t31%\t234\t169\t38%\nUsed retail contracts\t8\t12\t(33)%\t50\t34\t47%\nLease contracts\t107\t101\t6%\t257\t341\t(25)%\nTotal\t183\t165\t11%\t541\t544\t(1)%\nMarket share of TMNA sales:3\t59.1%\t57.7%\t\t61.5%\t62.8%\t\n", "q10k_tbl_48": "\tDecember 31\tMarch 31\tPercentage\n(Dollars in millions)\t2020\t2020\tChange\nNet Earning Assets\t\t\t\nFinance receivables net\t\t\t\nRetail finance receivables net 2\t63698\t56364\t13%\nDealer financing net 1 2\t15102\t17632\t(14)%\nTotal finance receivables net 2\t78800\t73996\t6%\nInvestments in operating leases net\t36294\t36387\t-%\nNet earning assets\t115094\t110383\t4%\nDealer Financing\t\t\t\n(Number of dealers serviced)\t\t\t\nToyota Lexus and Mazda dealers1\t992\t953\t4%\nDealers outside of the Toyota/Lexus/Mazda dealer network\t401\t371\t8%\nTotal number of dealers receiving wholesale financing\t1393\t1324\t5%\nDealer inventory outstanding (units in thousands)\t226\t294\t(23)%\n", "q10k_tbl_49": "\tThree months ended\t\t\tNine months ended\t\t\n\tDecember 31\t\tPercentage\tDecember 31\t\tPercentage\n\t2020\t2019\tChange\t2020\t2019\tChange\nDepreciation on operating leases (dollars in millions)\t1450\t1712\t(15)%\t4484\t4920\t(9)%\nAverage operating lease units outstanding (in thousands)\t1326\t1395\t(5)%\t1337\t1410\t(5)%\n", "q10k_tbl_50": "\tDecember 31\tMarch 31\tDecember 31\n\t2020\t2020\t2019\nAverage consumer portfolio origination FICO score\t744\t754\t755\nAverage retail loan origination term (months) 1\t68\t69\t67\n", "q10k_tbl_51": "\tDecember 31\tMarch 31\tDecember 31\n\t2020\t2020\t2019\nNet charge-offs as a percentage of average gross 1 5 6 earning assets\t\t\t\nFinance receivables\t0.32%\t0.44%\t0.42%\nDefault frequency as a percentage of outstanding contracts 1 6\t\t\t\nFinance receivables\t0.86%\t1.09%\t1.08%\nAverage loss severity per unit 2 6\t\t\t\nFinance receivables\t10138\t9555\t9466\nAggregate balances for accounts 60 or more days past due as a percentage of earning assets 3 4 5\t\t\t\nFinance receivables\t0.38%\t0.41%\t0.49%\nOperating leases\t0.30%\t0.34%\t0.32%\n", "q10k_tbl_52": "\tThree months ended\t\tNine months ended\t\n\tDecember 31\t\tDecember 31\t\n(Dollars in millions)\t2020\t2019\t2020\t2019\nAllowance for credit losses at beginning of period\t1174\t505\t727\t499\nAdoption of ASU 2016-13 1\t0\t\t292\t0\nCharge-offs\t(113)\t(117)\t(228)\t(269)\nRecoveries\t20\t12\t42\t39\nProvision for credit losses\t118\t123\t366\t254\nAllowance for credit losses at end of period 2\t1199\t523\t1199\t523\n", "q10k_tbl_53": "\tDecember 31 2020\t\t\tMarch 31 2020\t\t\n(Dollars in millions)\tFace value\tCarrying value\tWeighted average contractual interest rates\tFace value\tCarrying value\tWeighted average contractual interest rates\nUnsecured notes and loans payable\t\t\t\t\t\t\nCommercial paper\t19002\t18991\t0.36%\t27040\t26968\t1.85%\nU.S. medium term note (\"MTN\") program\t41559\t41415\t1.83%\t33658\t33527\t2.44%\nEuro medium term note (\"EMTN\") program\t18004\t17914\t1.63%\t17074\t16974\t1.69%\nOther debt\t8939\t8932\t1.33%\t5705\t5703\t2.06%\nTotal Unsecured notes and loans payable\t87504\t87252\t1.42%\t83477\t83172\t2.07%\nSecured notes and loans payable\t21759\t21720\t1.59%\t14597\t14568\t2.13%\nTotal debt\t109263\t108972\t1.45%\t98074\t97740\t2.08%\n", "q10k_tbl_54": "(Dollars in millions)\tCommercial paper1\tMTNs\tEMTNs\tOther\tTotal Unsecured notes and loans payable\nBalance at March 31 2020\t27040\t33658\t17074\t5705\t83477\nIssuances\t0\t17351\t1091\t5281\t23723\nMaturities and terminations\t(8038)\t(9450)\t(1966)\t(2110)\t(21564)\nNon-cash changes in foreign currency rates\t0\t0\t1805\t63\t1868\nBalance at December 31 2020\t19002\t41559\t18004\t8939\t87504\n", "q10k_tbl_55": "(Dollars in millions)\tSecured notes and loans payable\nBalance at March 31 2020\t14597\nIssuances\t15613\nMaturities and terminations\t(8451)\nBalance at December 31 2020\t21759\n", "q10k_tbl_56": "\tDecember 31\tMarch 31\n(Dollars in millions)\t2020\t2020\nGross derivatives assets net of credit valuation adjustment\t2030\t1437\nLess: Counterparty netting\t(794)\t(966)\nLess: Collateral held\t(1176)\t(420)\nDerivative assets net\t60\t51\nGross derivative liabilities net of credit valuation adjustment\t1470\t3116\nLess: Counterparty netting\t(794)\t(966)\nLess: Collateral posted\t(652)\t(2105)\nDerivative liabilities net\t24\t45\n", "q10k_tbl_57": "Exhibit Number\tDescription\tMethod of Filing\n3.1\tRestated Articles of Incorporation filed with the California Secretary of State on April 1 2010\t(1)\n3.2\tBylaws as amended through December 8 2000\t(2)\n10.1\t364 Day Credit Agreement dated as of November 6 2020 among Toyota Motor Credit Corporation Toyota Motor Finance (NETHERLANDS) B.V. Toyota Financial Services (UK) PLC Toyota Leasing GMBH Toyota Credit De Puerto Rico Corp. Toyota Credit Canada Inc. Toyota Kreditbank GMBH and Toyota Finance Australia Limited as Borrowers the lenders party thereto and BNP Paribas as Administrative Agent Swing Line Agent and Swing Line Lender BNP Paribas Securities Corp. BofA Securities Inc. Citibank N.A. JPMorgan Chase Bank N.A. and MUFG Bank LTD. as Joint Lead Arrangers and Joint Book Managers Citibank N.A. and MUFG Bank LTD. as Joint Lead Arrangers and Joint Book Managers Citibank N.A. Bank of America N.A. and JPMorgan as Syndication Agents and Swing Line Lenders and MUFG as a Syndication Agent.\t(3)\n31.1\tCertification of Chief Executive Officer\tFiled Herewith\n31.2\tCertification of Chief Financial Officer\tFiled Herewith\n32.1\tCertification pursuant to 18 U.S.C. Section 1350\tFurnished Herewith\n32.2\tCertification pursuant to 18 U.S.C. Section 1350\tFurnished Herewith\n101.INS\tInline XBRL instance document\tFiled Herewith\n101.CAL\tInline XBRL taxonomy extension calculation linkbase document\tFiled Herewith\n101.DEF\tInline XBRL taxonomy extension definition linkbase document\tFiled Herewith\n101.LAB\tInline XBRL taxonomy extension labels linkbase document\tFiled Herewith\n101.PRE\tInline XBRL taxonomy extension presentation linkbase document\tFiled Herewith\n101.SCH\tInline XBRL taxonomy extension schema document\tFiled Herewith\n104\tCover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)\tFiled Herewith\n"}{"bs": "q10k_tbl_4", "is": "q10k_tbl_2", "cf": "q10k_tbl_8"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2020
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________ to _______________
Commission File Number 1-9961
TOYOTA MOTOR CREDIT CORPORATION
(Exact name of registrant as specified in its charter)
California
95-3775816
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
6565 Headquarters Drive
Plano, Texas
75024
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (469) 486-9300
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Medium-Term Notes, Series B Stated Maturity Date January 11, 2028
TM/28
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☐
Non-accelerated filer
☒
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of January 31, 2021, the number of outstanding shares of capital stock, no par value per share, of the registrant was 91,500, all of which shares were held by Toyota Financial Services International Corporation.
Reduced Disclosure Format
The registrant meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q and is therefore filing this Form with the reduced disclosure format.