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RESTRUCTURING CHARGES | 9 Months Ended
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Dec. 31, 2023
Restructuring Charges [Abstract] |
RESTRUCTURING CHARGES | RESTRUCTURING CHARGES In October 2023, the Company’s management committed to targeted restructuring activities to improve operational efficiencies by reducing excess workforce capacity. During the three and nine-month periods ended December 31, 2023, the Company recognized approximately $74 million and $100 million of restructuring charges, respectively, most of which related to employee severance. The following table summarizes the provisions, respective payments, and remaining accrued balance as of December 31, 2023 for charges incurred during the nine-month period ended December 31, 2023:
| Severance |  | Long-Lived Asset Impairment |  | Other Exit Costs |  | Total
| (In millions)
Balance as of March 31, 2023 | $ | 44 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 50 |
Provision for charges incurred during the nine-month period ended December 31, 2023 | 93 |  |  | 5 |  |  | 2 |  |  | 100 |
Cash payments during the nine-month period ended December 31, 2023 | (84) |  |  | — |  |  | — |  |  | (84) |
Non-cash reductions during the nine-month period ended December 31, 2023 | — |  |  | (5) |  |  | — |  |  | (5) |
Other adjustments | (1) |  |  | — |  |  | (1) |  |  | (2) |
Balance as of December 31, 2023 | 52 |  |  | — |  |  | 7 |  |  | 59 |
Less: Current portion (classified as other current liabilities) | 51 |  |  | — |  |  | 7 |  |  | 58 |
Accrued restructuring costs, net of current portion (classified as other liabilities) | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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