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Leases
 12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
Lessee
Supplemental balance sheet information related to leases was as follows:
March 31,
(In millions, except lease term and discount rate)20252024
Operating leases
Operating lease right-of-use assets $1,782 $1,729 
Current portion of operating lease liabilities$258 $295 
Long-term operating lease liabilities1,478 1,466 
Total operating lease liabilities $1,736 $1,761 
Finance leases
Property, plant, and equipment, net$177 $165 
Current portion of long-term debt$32 $30 
Long-term debt163 163 
Total finance lease liabilities$195 $193 
Weighted-average remaining lease term (years)
Operating leases8.07.0
Finance leases6.37.0
Weighted-average discount rate
Operating leases4.11 %3.62 %
Finance leases3.27 %2.98 %
The components of lease cost were as follows:
Years Ended March 31,
(In millions)202520242023
Short-term lease cost$8 $14 $20 
Operating lease cost418 418 384 
Finance lease cost:
Amortization of right-of-use assets30 25 24 
Interest on lease liabilities7 5 6 
Total finance lease cost 37 30 30 
Variable lease cost (1)
139 131 128 
Sublease income(36)(35)(33)
Total lease cost (2)
$566 $558 $529 
(1)    These amounts include payments for maintenance, taxes, payments affected by the consumer price index, and other similar metrics and payments contingent on usage.
(2)    These amounts were primarily recorded in “Selling, distribution, general, and administrative expenses” in the Consolidated Statements of Operations.
Supplemental cash flow information related to leases was as follows:
Years Ended March 31,
(In millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(404)$(339)$(338)
Operating cash flows from finance leases— (1)(1)
Financing cash flows from finance leases(39)(47)(29)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$599 $391 $462 
Finance leases18 21 17 
Maturities of lease liabilities as of March 31, 2025 were as follows:
(In millions)Operating LeasesFinance LeasesTotal
Fiscal 2026$313 $37 $350 
Fiscal 2027304 38 342 
Fiscal 2028261 35 296 
Fiscal 2029226 32 258 
Fiscal 2030197 26 223 
Thereafter777 49 826 
Total lease payments (1)
2,078 217 2,295 
Less imputed interest(342)(22)(364)
Present value of lease liabilities$1,736 $195 $1,931 
(1)Total lease payments are not reduced by future minimum sublease income of $224 million, which is due under noncancellable subleases.
As of March 31, 2025, the Company entered into additional leases primarily for facilities that have not yet commenced with future lease payments of $260 million that are not reflected in the table above. These operating leases will commence in calendar year 2025 with noncancellable lease terms of three to 15 years.
Lessor
The Company leases certain owned equipment, classified as direct financing or sales-type leases, to physician practices. As of March 31, 2025 and 2024, the total lease receivable was $419 million and $365 million, respectively, with a weighted-average remaining lease term of approximately seven years. Interest income from these leases was not material for the years ended March 31, 2025, 2024, and 2023.
Leases Leases
Lessee
Supplemental balance sheet information related to leases was as follows:
March 31,
(In millions, except lease term and discount rate)20252024
Operating leases
Operating lease right-of-use assets $1,782 $1,729 
Current portion of operating lease liabilities$258 $295 
Long-term operating lease liabilities1,478 1,466 
Total operating lease liabilities $1,736 $1,761 
Finance leases
Property, plant, and equipment, net$177 $165 
Current portion of long-term debt$32 $30 
Long-term debt163 163 
Total finance lease liabilities$195 $193 
Weighted-average remaining lease term (years)
Operating leases8.07.0
Finance leases6.37.0
Weighted-average discount rate
Operating leases4.11 %3.62 %
Finance leases3.27 %2.98 %
The components of lease cost were as follows:
Years Ended March 31,
(In millions)202520242023
Short-term lease cost$8 $14 $20 
Operating lease cost418 418 384 
Finance lease cost:
Amortization of right-of-use assets30 25 24 
Interest on lease liabilities7 5 6 
Total finance lease cost 37 30 30 
Variable lease cost (1)
139 131 128 
Sublease income(36)(35)(33)
Total lease cost (2)
$566 $558 $529 
(1)    These amounts include payments for maintenance, taxes, payments affected by the consumer price index, and other similar metrics and payments contingent on usage.
(2)    These amounts were primarily recorded in “Selling, distribution, general, and administrative expenses” in the Consolidated Statements of Operations.
Supplemental cash flow information related to leases was as follows:
Years Ended March 31,
(In millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(404)$(339)$(338)
Operating cash flows from finance leases— (1)(1)
Financing cash flows from finance leases(39)(47)(29)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$599 $391 $462 
Finance leases18 21 17 
Maturities of lease liabilities as of March 31, 2025 were as follows:
(In millions)Operating LeasesFinance LeasesTotal
Fiscal 2026$313 $37 $350 
Fiscal 2027304 38 342 
Fiscal 2028261 35 296 
Fiscal 2029226 32 258 
Fiscal 2030197 26 223 
Thereafter777 49 826 
Total lease payments (1)
2,078 217 2,295 
Less imputed interest(342)(22)(364)
Present value of lease liabilities$1,736 $195 $1,931 
(1)Total lease payments are not reduced by future minimum sublease income of $224 million, which is due under noncancellable subleases.
As of March 31, 2025, the Company entered into additional leases primarily for facilities that have not yet commenced with future lease payments of $260 million that are not reflected in the table above. These operating leases will commence in calendar year 2025 with noncancellable lease terms of three to 15 years.
Lessor
The Company leases certain owned equipment, classified as direct financing or sales-type leases, to physician practices. As of March 31, 2025 and 2024, the total lease receivable was $419 million and $365 million, respectively, with a weighted-average remaining lease term of approximately seven years. Interest income from these leases was not material for the years ended March 31, 2025, 2024, and 2023.
Leases Leases
Lessee
Supplemental balance sheet information related to leases was as follows:
March 31,
(In millions, except lease term and discount rate)20252024
Operating leases
Operating lease right-of-use assets $1,782 $1,729 
Current portion of operating lease liabilities$258 $295 
Long-term operating lease liabilities1,478 1,466 
Total operating lease liabilities $1,736 $1,761 
Finance leases
Property, plant, and equipment, net$177 $165 
Current portion of long-term debt$32 $30 
Long-term debt163 163 
Total finance lease liabilities$195 $193 
Weighted-average remaining lease term (years)
Operating leases8.07.0
Finance leases6.37.0
Weighted-average discount rate
Operating leases4.11 %3.62 %
Finance leases3.27 %2.98 %
The components of lease cost were as follows:
Years Ended March 31,
(In millions)202520242023
Short-term lease cost$8 $14 $20 
Operating lease cost418 418 384 
Finance lease cost:
Amortization of right-of-use assets30 25 24 
Interest on lease liabilities7 5 6 
Total finance lease cost 37 30 30 
Variable lease cost (1)
139 131 128 
Sublease income(36)(35)(33)
Total lease cost (2)
$566 $558 $529 
(1)    These amounts include payments for maintenance, taxes, payments affected by the consumer price index, and other similar metrics and payments contingent on usage.
(2)    These amounts were primarily recorded in “Selling, distribution, general, and administrative expenses” in the Consolidated Statements of Operations.
Supplemental cash flow information related to leases was as follows:
Years Ended March 31,
(In millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$(404)$(339)$(338)
Operating cash flows from finance leases— (1)(1)
Financing cash flows from finance leases(39)(47)(29)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$599 $391 $462 
Finance leases18 21 17 
Maturities of lease liabilities as of March 31, 2025 were as follows:
(In millions)Operating LeasesFinance LeasesTotal
Fiscal 2026$313 $37 $350 
Fiscal 2027304 38 342 
Fiscal 2028261 35 296 
Fiscal 2029226 32 258 
Fiscal 2030197 26 223 
Thereafter777 49 826 
Total lease payments (1)
2,078 217 2,295 
Less imputed interest(342)(22)(364)
Present value of lease liabilities$1,736 $195 $1,931 
(1)Total lease payments are not reduced by future minimum sublease income of $224 million, which is due under noncancellable subleases.
As of March 31, 2025, the Company entered into additional leases primarily for facilities that have not yet commenced with future lease payments of $260 million that are not reflected in the table above. These operating leases will commence in calendar year 2025 with noncancellable lease terms of three to 15 years.
Lessor
The Company leases certain owned equipment, classified as direct financing or sales-type leases, to physician practices. As of March 31, 2025 and 2024, the total lease receivable was $419 million and $365 million, respectively, with a weighted-average remaining lease term of approximately seven years. Interest income from these leases was not material for the years ended March 31, 2025, 2024, and 2023.