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v3.24.1.1.u2

Financial Instruments (Tables) | 12 Months Ended
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Mar. 31, 2024
Financial Instruments [Abstract] |
Schedule of Short-Term Investments | Short-term investments consisted of the following as of March 31, 2024 and 2023 (in millions):
| As of March 31, 2024 |  | As of March 31, 2023
| Cost or Amortized Cost |  | Gross Unrealized |  | Fair Value |  | Cost or Amortized Cost |  | Gross Unrealized |  | Fair Value
| Gains |  | Losses |  | Gains |  | Losses |
Corporate bonds | $ | 130 |  |  | $ | — |  |  | $ | — |  |  | $ | 130 |  |  | $ | 114 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 113 |
U.S. Treasury securities | 95 |  |  | — |  |  | — |  |  | 95 |  |  | 80 |  |  | — |  |  | — |  |  | 80 |
U.S. agency securities | 9 |  |  | — |  |  | — |  |  | 9 |  |  | 25 |  |  | — |  |  | — |  |  | 25 |
Commercial paper | 66 |  |  | — |  |  | — |  |  | 66 |  |  | 63 |  |  | — |  |  | — |  |  | 63 |
Foreign government securities | 8 |  |  | — |  |  | — |  |  | 8 |  |  | 11 |  |  | — |  |  | — |  |  | 11 |
Asset-backed securities | 41 |  |  | — |  |  | — |  |  | 41 |  |  | 37 |  |  | — |  |  | — |  |  | 37 |
Certificates of deposit | 13 |  |  | — |  |  | — |  |  | 13 |  |  | 14 |  |  | — |  |  | — |  |  | 14 |
Short-term investments | $ | 362 |  |  | $ | — |  |  | $ | — |  |  | $ | 362 |  |  | $ | 344 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 343 |
Fair Value Of Short-Term Investments By Stated Maturity Date Schedule | The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of March 31, 2024 and 2023 (in millions):
| As of March 31, 2024 |  | As of March 31, 2023
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Short-term investments |  |  |  |  |  |  |
Due within 1 year | $ | 231 |  |  | $ | 231 |  |  | $ | 267 |  |  | $ | 266 |
Due 1 year through 5 years | 126 |  |  | 126 |  |  | 72 |  |  | 72 |
Due after 5 years | 5 |  |  | 5 |  |  | 5 |  |  | 5 |
Short-term investments | $ | 362 |  |  | $ | 362 |  |  | $ | 344 |  |  | $ | 343 |

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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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