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FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
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
CurrencyBuySell
 
Cash Flow Hedges 
HUF$452 $— 
MXN555 — 
Other544 
 1,551 
Other Foreign Currency Contracts
BRL— 401 
CNY311 25 
EUR2,321 2,365 
MXN574 469 
MYR288 148 
Other778 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 DerivativesLiability 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 contractsOther current assets$49 $46 Other current liabilities$$22 
Foreign currency contractsOther assets$— $— Other liabilities$11 $88 
Derivatives not designated as hedging instruments      
Foreign currency contractsOther current assets$22 $26 Other current liabilities$19 $19