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BALANCE SHEET ITEMS
 6 Months Ended
Sep. 27, 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 September 27, 2024As of March 31, 2024
 (In millions)
Raw materials$4,569 $5,045 
Work-in-progress460 623 
Finished goods437 537 
 $5,466 $6,205 
Goodwill and Other Intangible Assets
During the six-month period ended September 27, 2024, the activity in the Company's goodwill account included approximately $3 million of foreign currency translation and an approximately $8 million goodwill addition from an acquisition in the first quarter of fiscal year 2025.
The components of acquired intangible assets are as follows:
 As of September 27, 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$292 $(172)$120 $316 $(186)$130 
Licenses and other intangibles309 (206)103 298 (183)115 
Total$601 $(378)$223 $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)$32 
202645 
202737 
202828 
202925 
Thereafter56 
Total amortization expense$223 
____________________________________________________________
(1)Represents estimated amortization for the remaining fiscal six-month period ending March 31, 2025. 
Customer Working Capital Advances
Customer working capital advances were $1.8 billion and $2.2 billion as of September 27, 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 $657 million and $644 million as of September 27, 2024 and March 31, 2024, respectively.
Other Current Liabilities
Other current liabilities include customer-related accruals of $245 million and $277 million as of September 27, 2024 and March 31, 2024, respectively.