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Equity Investments (Tables) | 3 Months Ended
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Jun. 30, 2025
Investments, All Other Investments [Abstract] |
Schedule of Equity Investments | A summary of the components of equity investments is as follows:
|  | As of
(in millions) |  | June 30, 2025 |  | March 31, 2025
Equity method investments under fair value option |  | $ | 297 |  |  | $ | 300 |
Equity investment in publicly listed company |  | 102 |  |  | 98 |
Equity method investments under equity method |  | 17 |  |  | 16 |
Non-marketable equity securities |  | 154 |  |  | 151 |
Total equity investments |  | $ | 570 |  |  | $ | 565 |
Income (loss) from equity investments, net is as follows:
|  | Three Months Ended June 30,
(in millions) |  | 2025 |  | 2024
Equity investment in publicly listed company |  | $ | 4 |  |  | $ | 27 |
Equity method investments (1) |  | (1) |  |  | — |
Non-marketable equity securities (includes NAV) |  | 1 |  |  | (3) |
Total income (loss) from equity investments, net |  | $ | 4 |  |  | $ | 24 |
(1)Includes equity method investments where the Company elected the fair value option, including those under the net asset value (“NAV”) practical expedient, along with investments accounted for under the equity method.
Schedule of Unrealized Gain (Loss) on Investments | The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
|  | Three Months Ended June 30,
(in millions) |  | 2025 |  | 2024
Observable price adjustments on non-marketable equity securities (includes NAV) |  | $ | 1 |  |  | $ | (2) |
Impairment of non-marketable equity securities |  | — |  |  | (1) |
Total income (loss) from equity investments in non-marketable securities, net |  | $ | 1 |  |  | $ | (3) |
Schedule of Realized Gain (Loss) on Investments | The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
|  | Three Months Ended June 30,
(in millions) |  | 2025 |  | 2024
Observable price adjustments on non-marketable equity securities (includes NAV) |  | $ | 1 |  |  | $ | (2) |
Impairment of non-marketable equity securities |  | — |  |  | (1) |
Total income (loss) from equity investments in non-marketable securities, net |  | $ | 1 |  |  | $ | (3) |

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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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