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Financial Instruments (Tables)

12 Months Ended

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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FINANCIAL INSTRUMENTS [Abstract]

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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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

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