Financial Instruments (Tables)

6 Months Ended

Sep. 30, 2024

Short-term investments consisted of the following as of September 30, 2024 and March 31, 2024 (in millions):


	As of September 30, 2024								As of March 31, 2024
	Cost or Amortized Cost		Gross Unrealized				Fair Value		Cost or Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses						Gains		Losses
Corporate bonds	$	139	$	1	$	—	$	140	$	130	$	—	$	—	$	130
U.S. Treasury securities	84		—		—		84		95		—		—		95
U.S. agency securities	4		—		—		4		9		—		—		9
Commercial paper	71		—		—		71		66		—		—		66
Foreign government securities	5		—		—		5		8		—		—		8
Asset-backed securities	43		—		—		43		41		—		—		41
Certificates of deposit	19		—		—		19		13		—		—		13
Short-term investments	$	365	$	1	$	—	$	366	$	362	$	—	$	—	$	362

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 September 30, 2024 and March 31, 2024 (in millions):


	As of September 30, 2024				As of March 31, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Short-term investments
Due within 1 year	$	264	$	264	$	231	$	231
Due 1 year through 5 years	96		97		126		126
Due after 5 years	5		5		5		5
Short-term investments	$	365	$	366	$	362	$	362