XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.23.3

BALANCE SHEET ITEMS | 6 Months Ended
--- | ---
Sep. 29, 2023
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET ITEMS | BALANCE SHEET ITEMS Inventories The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows:
| As of September 29, 2023 |  | As of March 31, 2023
| (In millions)
Raw materials | $ | 5,658 |  |  | $ | 6,140 |
Work-in-progress | 707 |  |  | 709 |
Finished goods | 801 |  |  | 681 |
| $ | 7,166 |  |  | $ | 7,530 |
Goodwill and Other Intangible Assets During the six-month period ended September 29, 2023, there was no material activity in the Company's goodwill account for each of its reportable segments, other than foreign currency translation adjustments of $6 million, which primarily impacted the FRS segment. The components of acquired intangible assets are as follows:
| As of September 29, 2023 |  | As of March 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (In millions)
Intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer-related intangibles | $ | 345 |  |  | $ | (199) |  |  | $ | 146 |  |  | $ | 373 |  |  | $ | (204) |  |  | $ | 169 |
Licenses and other intangibles | 293 |  |  | (164) |  |  | 129 |  |  | 299 |  |  | (152) |  |  | 147 |
Total | $ | 638 |  |  | $ | (363) |  |  | $ | 275 |  |  | $ | 672 |  |  | $ | (356) |  |  | $ | 316 |
The gross carrying amounts of intangible assets are removed when fully amortized. The estimated future annual amortization expense for intangible assets is as follows:
Fiscal Year Ending March 31, |  | Amount
|  | (In millions)
2024 (1) |  | $ | 33 |
2025 |  | 62 |
2026 |  | 42 |
2027 |  | 35 |
2028 |  | 27 |
Thereafter |  | 76 |
Total amortization expense |  | $ | 275 |
____________________________________________________________ (1)Represents estimated amortization for the remaining fiscal six-month period ending March 31, 2024. Customer Working Capital Advances Customer working capital advances were $2.0 billion and $2.3 billion, as of September 29, 2023 and March 31, 2023, respectively. The customer working capital advances are not interest-bearing, do not generally have fixed repayment dates and are generally reduced as the underlying working capital is consumed in production or the customer working capital advance agreement is terminated. Other Current Liabilities Other current liabilities include customer-related accruals of $242 million and $313 million as of September 29, 2023 and March 31, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration