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BALANCE SHEET ITEMS
 3 Months Ended
Jun. 28, 2024
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET ITEMS BALANCE SHEET ITEMS 
Inventories 
The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows: 
As of June 28, 2024As of March 31, 2024
 (In millions)
Raw materials$4,858 $5,045 
Work-in-progress516 623 
Finished goods465 537 
 $5,839 $6,205 
Goodwill and Other Intangible Assets
During the three-month period ended June 28, 2024, the activity in the Company's goodwill account included approximately $4 million of foreign currency translation, offset by an approximately $8 million goodwill addition from an acquisition in the first quarter of fiscal year 2025. For more information, see note 17 "Business Acquisition".
The components of acquired intangible assets are as follows:
 As of June 28, 2024As of March 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets:      
Customer-related intangibles$317 $(194)$123 $316 $(186)$130 
Licenses and other intangibles296 (189)107 298 (183)115 
Total$613 $(383)$230 $614 $(369)$245 
The gross carrying amounts of intangible assets are removed when fully amortized.
The estimated future annual amortization expense for intangible assets is as follows:
Fiscal Year Ending March 31,Amount
 (In millions)
2025 (1)$47 
202643 
202736 
202827 
202925 
Thereafter52 
Total amortization expense$230 
____________________________________________________________
(1)Represents estimated amortization for the remaining fiscal nine-month period ending March 31, 2025. 
Customer Working Capital Advances
Customer working capital advances were $1.9 billion and $2.2 billion, as of June 28, 2024 and March 31, 2024, respectively. The customer working capital advances are not interest-bearing, do not generally have fixed repayment dates and are generally reduced as the underlying working capital is consumed in production or the customer working capital advance agreement is terminated.
Other Non-Current Assets
Other non-current assets include deferred tax assets of $652 million and $644 million as of June 28, 2024 and March 31, 2024, respectively.
Other Current Liabilities
Other current liabilities include customer-related accruals of $242 million and $277 million as of June 28, 2024 and March 31, 2024, respectively.