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Leases (Tables) | 12 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Lease, Cost | The components of lease expenses for the fiscal years ended March 31, 2025, 2024, and 2023 are as follows (in millions):
| Year Ended March 31,
| 2025 |  | 2024 |  | 2023
Operating lease costs | $ | 121 |  |  | $ | 80 |  |  | $ | 138 |
Variable lease costs | 32 |  |  | 31 |  |  | 22 |
Total lease expense | $ | 153 |  |  | $ | 111 |  |  | $ | 160 |
During the fiscal years ended March 31, 2025, 2024, and 2023, we did not incur material costs associated with short-term leases with an initial term of 12 months or less. Supplemental cash and noncash information related to our operating leases for the fiscal years ended March 31, 2025, 2024, and 2023 are as follows (in millions):
| Year Ended March 31,
| 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liability | $ | 87 |  |  | $ | 74 |  |  | $ | 97 |
ROU assets obtained in exchange for new lease obligations | $ | 97 |  |  | $ | 37 |  |  | $ | 97 |
Weighted average remaining lease term and discount rate at March 31, 2025 and 2024 are as follows:
| At March 31, 2025 |  | At March 31, 2024
Lease term | 7.1 years |  | 7.1 years
Discount rate | 4.0 | % |  | 3.6 | %
AssetsandLiabilitiesLesseeTableTextBlock | Operating lease ROU assets and liabilities recorded on our Consolidated Balance Sheets as of March 31, 2025 and 2024 are as follows (in millions):
| As of March 31, |  | Balance Sheet Classification
| 2025 |  | 2024 |
Operating lease ROU assets | $ | 237 |  |  | $ | 243 |  |  | Other assets
Operating lease liabilities | $ | 67 |  |  | $ | 66 |  |  | Accounts payable, accrued, and other current liabilities
Noncurrent operating lease liabilities | 267 |  |  | 248 |  |  | Other liabilities
Total operating lease liabilities | $ | 334 |  |  | $ | 314 |  |  |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments under operating leases as of March 31, 2025 were as follows (in millions):
Fiscal Years Ending March 31, |  |
2026 |  | $ | 77 |
2027 |  | 67 |
2028 |  | 52 |
2029 |  | 35 |
2030 |  | 29 |
Thereafter |  | 123 |
Total future lease payments |  | 383 |
Less imputed interest |  | (49) |
Total operating lease liabilities |  | $ | 334 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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