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Stockholders' Deficit (Tables)

3 Months Ended

Jun. 30, 2026

Information regarding share repurchase activity for the three months ended June 30, 2026 and 2025 was as follows:


	Share Repurchases (1)
(In millions, except price per share)		Total Number of Shares Purchased (2)	Average Price Paid Per Share (3)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs
Balance at March 31, 2026					$	2,719
April 2026 Board Authorization (4)					5,000
Share Repurchase March 2026 ASR (5)		0.7	$	820.04	—
Share Repurchase May 2026 ASR (6)		2.5	$	754.68	(2,250)
Q1 Shares repurchased - Open market (7)		0.4	$	762.40	(294)


Balance at June 30, 2026					$	5,175

(1)This table does not include the value of equity awards surrendered to satisfy tax withholding obligations or forfeitures of equity awards.

(2)The number of shares purchased reflects rounding adjustments.

(3)The average price paid per share includes $25 million of excise taxes for the three months ended June 30, 2026.

(4)On April 29, 2026, the Board of Directors approved the Company to repurchase up to an additional $5.0 billion shares of common stock.

(5)In March 2026, the Company entered into an ASR program with a third-party financial institution to repurchase $2.3 billion of the Company’s common stock. The total number of shares repurchased under this ASR program was 2.7 million shares at an average price per share of $820.04. The Company received 2.0 million shares as the initial share settlement during the fourth quarter of fiscal 2026 and, in May 2026, the Company received an additional 0.7 million shares upon the completion of this ASR program.

(6)In May 2026, the Company entered into an ASR program with a third-party financial institution to repurchase $2.3 billion of the Company’s common stock. The average price paid per share and total number of shares purchased under this program are estimates based on the initial share purchase price and initial delivery of shares under an ASR agreement, and may differ from the average price paid per share and total number of shares purchased under the ASR program upon its final settlement in the second quarter of fiscal 2027.

(7)Of the total dollar value, $13 million was accrued within “Other accrued liabilities” in the Company’s Condensed Consolidated Balance Sheet as of June 30, 2026 for share repurchases that were executed in late June 2026 and settled in early July 2026.


	Share Repurchases (1)
(In millions, except price per share)		Total Number of Shares Purchased (2)	Average Price Paid Per Share (3)		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs
Balance at March 31, 2025					$	7,469
Q1 Shares repurchased - Open market (4)		0.8	$	709.84	(590)



Balance at June 30, 2025					$	6,879

(1)This table does not include the value of equity awards surrendered to satisfy tax withholding obligations or forfeitures of equity awards.

(2)The number of shares purchased reflects rounding adjustments.

(3)The average price paid per share includes $2 million of excise taxes for the three months ended June 30, 2025.

(4)Of the total dollar value, $9 million was accrued within “Other accrued liabilities” in the Company’s Condensed Consolidated Balance Sheet as of June 30, 2025 for share repurchases that were executed in late June 2025 and settled in early July 2025.

Schedule of Accumulated Other Comprehensive Loss

Information regarding changes in accumulated other comprehensive loss for the three months ended June 30, 2026 and 2025 was as follows:


	Foreign Currency Translation Adjustments
(In millions)	Foreign Currency Translation Adjustments, Net of Tax (1)		Unrealized Gains (Losses) on Net Investment Hedges, Net of Tax (2)		Unrealized Gains on Cash Flow and Other Hedges, Net of Tax (3)		Unrealized Gains and Other Components of Benefit Plans, Net of Tax		Total Accumulated Other Comprehensive Loss
Balance, March 31, 2026	$	(708)	$	(58)	$	5	$	16	$	(745)


Other comprehensive income (loss)	(69)		60		5		—		(4)



Balance, June 30, 2026	$	(777)	$	2	$	10	$	16	$	(749)

(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada into the Company’s reporting currency, U.S. dollars.

(2)Amounts recorded for the three months ended June 30, 2026 include gains of $81 million related to net investment hedges from cross-currency swaps, which are net of income tax expense of $(21) million.

(3)Amounts recorded for the three months ended June 30, 2026 include gains of $7 million related to hedges from cross-currency swaps, which are net of income tax expense of $(2) million.


	Foreign Currency Translation Adjustments
(In millions)	Foreign Currency Translation Adjustments, Net of Tax (1)		Unrealized Gains (Losses) on Net Investment Hedges, Net of Tax (2)		Unrealized Gains (Losses) on Cash Flow and Other Hedges, Net of Tax (3)		Unrealized Gains (Losses) and Other Components of Benefit Plans, Net of Tax		Total Accumulated Other Comprehensive Loss
Balance, March 31, 2025	$	(989)	$	47	$	(4)	$	14	$	(932)
Other comprehensive income (loss)	193		(172)		14		(1)		34





Balance, June 30, 2025	$	(796)	$	(125)	$	10	$	13	$	(898)

(1)Primarily results from the conversion of non-U.S. dollar financial statements of the Company’s operations in Canada and Norway into the Company’s reporting currency, U.S. dollars.

(2)Amounts recorded for the three months ended June 30, 2025 include losses of $(233) million related to net investment hedges from cross-currency swaps, which are net of income tax benefit of $61 million.

(3)Amounts recorded for the three months ended June 30, 2025 include gains of $5 million related to cash flow and other hedges from cross-currency swaps and gains of $14 million related to cash flow hedges from foreign currency forwards. These amounts are net of income tax expense of $(5) million.