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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables) | 9 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of financial assets and liabilities measured at fair value on a recurring basis | The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and March 31, 2023:
| Fair Value Measurements as of December 31, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In millions)
Assets: |  |  |  |  |  |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | $ | — |  |  | $ | 1,102 |  |  | $ | — |  |  | $ | 1,102 |
Foreign currency contracts (Note 8) | — |  |  | 71 |  |  | — |  |  | 71 |
Deferred compensation plan assets: |  |  |  |  |  |  | 0
Mutual funds, money market accounts and equity securities | — |  |  | 43 |  |  | — |  |  | 43 |
Liabilities: |  |  |  |  |  |  |
Foreign currency contracts (Note 8) | $ | — |  |  | $ | (37) |  |  | $ | — |  |  | $ | (37) |
| Fair Value Measurements as of March 31, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (In millions)
Assets: |  |  |  |  |  |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | $ | — |  |  | $ | 2,324 |  |  | $ | — |  |  | $ | 2,324 |
Foreign currency contracts (Note 8) | — |  |  | 72 |  |  | — |  |  | 72 |
Deferred compensation plan assets: |  |  |  |  |  |  | 0
Mutual funds, money market accounts and equity securities | — |  |  | 37 |  |  | — |  |  | 37 |
Liabilities: |  |  |  |  |  |  | 0
Foreign currency contracts (Note 8) | $ | — |  |  | $ | (129) |  |  | $ | — |  |  | $ | (129) |
Schedule of debt not carried at fair value | The following table presents the Company’s major debts not carried at fair value:
| As of December 31, 2023 |  | As of March 31, 2023 |  |
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |  | Fair Value Hierarchy
| (In millions) |  |
JPY Term Loan due April 2024 | $ | — |  |  | $ | — |  |  | $ | 253 |  |  | $ | 253 |  |  | Level 2
4.750% Notes due June 2025 | 592 |  |  | 585 |  |  | 599 |  |  | 590 |  |  | Level 1
3.750% Notes due February 2026 | 683 |  |  | 662 |  |  | 686 |  |  | 657 |  |  | Level 1
6.000% Notes due January 2028 | 397 |  |  | 411 |  |  | 396 |  |  | 399 |  |  | Level 1
4.875% Notes due June 2029 | 657 |  |  | 646 |  |  | 658 |  |  | 631 |  |  | Level 1
4.875% Notes due May 2030 | 682 |  |  | 671 |  |  | 685 |  |  | 661 |  |  | Level 1
Delayed Draw Term Loan due November 2023 | — |  |  | — |  |  | 150 |  |  | 150 |  |  | Level 2
Nextracker Term Loan due February 2028 | 150 |  |  | 148 |  |  | 150 |  |  | 150 |  |  | Level 2
3.600% HUF Bonds due December 2031 | 290 |  |  | 212 |  |  | 284 |  |  | 196 |  |  | Level 2

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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