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FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedges, Assets [Abstract] |
Schedule of aggregate notional amount of the company's outstanding foreign currency forward and swap contracts | As of December 31, 2023, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $9.8 billion as summarized below:
|  | Notional Contract Value in USD
Currency |  | Buy |  | Sell
Cash Flow Hedges |  |  |  |
HUF |  | $ | 452 |  |  | $ | — |
MXN |  | 555 |  |  | — |
Other |  | 544 |  |  | 9 |
|  | 1,551 |  |  | 9 |
Other Foreign Currency Contracts |  |  |  |
BRL |  | — |  |  | 401 |
CNY |  | 311 |  |  | 25 |
EUR |  | 2,321 |  |  | 2,365 |
MXN |  | 574 |  |  | 469 |
MYR |  | 288 |  |  | 148 |
Other |  | 778 |  |  | 544 |
|  | 4,272 |  |  | 3,952 |
Total Notional Contract Value in USD |  | $ | 5,823 |  |  | $ | 3,961 |
Schedule of fair value of the derivative instruments utilized for foreign currency risk management purposes | The following table presents the fair value of the Company’s derivative instruments utilized for foreign currency risk management purposes:
| Fair Values of Derivative Instruments
| Asset Derivatives |  | Liability Derivatives
|  |  | Fair Value |  |  |  | Fair Value
| Balance Sheet Location |  | December 31, 2023 |  | March 31, 2023 |  | Balance Sheet Location |  | December 31, 2023 |  | March 31, 2023
| (In millions)
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 49 |  |  | $ | 46 |  |  | Other current liabilities |  | $ | 7 |  |  | $ | 22 |
Foreign currency contracts | Other assets |  | $ | — |  |  | $ | — |  |  | Other liabilities |  | $ | 11 |  |  | $ | 88 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Foreign currency contracts | Other current assets |  | $ | 22 |  |  | $ | 26 |  |  | Other current liabilities |  | $ | 19 |  |  | $ | 19 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
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