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REVENUE
 3 Months Ended
Jun. 28, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE 
Contract Balances
A contract asset is recognized when the Company has recognized revenue, but not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheets and transferred to receivables when rights to payment become unconditional and invoiced.
A contract liability is recognized when the Company receives payments in advance of the satisfaction of performance. Contract liabilities, identified as deferred revenue, were $395 million and $490 million as of June 28, 2024 and March 31, 2024, respectively, of which $355 million and $449 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on timing of transfer, point in time or over time, for the three-month periods ended June 28, 2024 and June 30, 2023, respectively.
Three-Month Periods Ended
June 28, 2024June 30, 2023
Timing of Transfer(In millions)
FAS
Point in time$2,873 $3,436 
Over time492 165 
Total 3,365 3,601 
FRS
Point in time2,633 3,132 
Over time316 159 
Total 2,949 3,291 
Flex
Point in time5,506 6,568 
Over time808 324 
Total $6,314 $6,892