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Restructuring Activities
 12 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Activities RESTRUCTURING ACTIVITIES
Fiscal 2024 Restructuring
In fiscal year 2024, we announced a restructuring plan (the “2024 Restructuring Plan”) focused on aligning our portfolio, investments, and resources in support of our strategic priorities and growth initiatives. This plan reflects actions driven by portfolio rationalization, including costs associated with licensor commitments, as well as reductions in real estate and headcount. The actions associated with this plan were substantially completed by March 31, 2025.
Since the inception of the 2024 Restructuring Plan through March 31, 2025, we have incurred net charges of $123 million. We do not expect to incur any additional restructuring charges under this plan.
Restructuring activities as of the fiscal year ended March 31, 2025 was as follows (in millions):
Licensor Commitments (a)
Workforce (a)
Office Space ReductionsTotal
Charges to operations$30 $29 $2 $61 
Charges settled in cash(17)(5)— (22)
Impairment and other charges(13)— (2)(15)
Liability as of March 31, 2024$— $24 $— $24 
Charges to operations5 — 57 62 
Charges settled in cash— (24)— (24)
Impairment and other charges(5)— (57)(62)
Liability as of March 31, 2025$— $— $— $— 
(a) Charges are recorded within Restructuring in the Consolidated Statement of Operations.
Of the $59 million in charges associated with office space reductions to date under the 2024 Restructuring Plan, $52 million is recorded within Restructuring during fiscal year 2025, as it is related to impairments of right-of-use assets and associated property, plant, and equipment for certain operating leases, and $7 million is recorded within General and administrative expenses in the Consolidated Statement of Operations.