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SUMMARY OF ACCOUNTING POLICIES (Tables)
 12 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of the activity in the Company's allowance for doubtful accounts
The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2025, 2024 and 2023:
Balance at
Beginning
of Year		Charges (Recoveries) to Costs and Expenses(1)Deductions/
Write-Offs (2)		Balance at
End of
Year
(In millions)
Allowance for doubtful accounts:
Year ended March 31, 2023$52 $4 $(50)$6 
Year ended March 31, 20246 9 (3)12 
Year ended March 31, 202512 (1)(4)7 

(1)Charges and recoveries incurred during fiscal years 2025, 2024 and 2023 are primarily for costs and expenses or bad debt recoveries related to various distressed customers.
(2)Deductions and write-offs during fiscal year 2023 is primarily as a result of a settlement reached with a certain former customer.
Schedule of cash and cash equivalents
Cash and cash equivalents consisted of the following:
As of March 31,
20252024
(In millions)
Cash and bank balances$754 $1,715 
Money market funds and time deposits1,535 759 
$2,289 $2,474 
Schedule of components of inventories The components of inventories, net of applicable lower of cost or net realizable value write-downs, were as follows:
As of March 31,
20252024
(In millions)
Raw materials$4,092 $5,045 
Work-in-progress485 623 
Finished goods494 537 
$5,071 $6,205 
Schedule of property and equipment, net Property and equipment is comprised of the following:
Depreciable
Life
(In Years)		As of March 31,
20252024
(In millions)
Machinery and equipment
2 - 10
$3,978 $3,960 
Buildings301,342 1,212 
Leasehold improvementsShorter of lease term or useful life of the improvement669 651 
Furniture, fixtures, computer equipment and software, and other
3 - 7
564 549 
Land—126 123 
Construction-in-progress—271 214 
6,950 6,709 
Accumulated depreciation and amortization(4,620)(4,440)
Property and equipment, net$2,330 $2,269 
Schedule of goodwill
The following table summarizes the activity in the Company's goodwill during fiscal years 2025 and 2024:
FASFRSTotal
(In millions)
Balance at March 31, 2023$371 $768 $1,139 
Divestitures (1)— (1)(1)
Foreign currency translation adjustments— (3)(3)
Balance at March 31, 2024371 764 1,135 
Acquisitions (2)39 170 209 
Foreign currency translation adjustments— (3)(3)
Balance at March 31, 2025$410 $931 $1,341 
(1)A reduction of approximately $1 million as a result of the divestiture of a non-strategic immaterial business within the FRS segment in fiscal year 2024.
(2)Represents goodwill of $170 million from the Crown acquisition, $31 million from the JetCool acquisition and $8 million from an acquisition completed in the first quarter of fiscal year 2025. Refer to Note 19 for further details.
Schedule of components of acquired intangible assets
The components of acquired intangible assets are as follows:
As of March 31, 2025As of March 31, 2024
Weighted-Average Remaining Useful life
(in Years)		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
(In millions)
Intangible assets:
Customer-related intangibles8.3$383 $(186)$197 $316 $(186)$130 
Licenses and other intangibles6.7365 (219)146 298 (183)115 
Total$748 $(405)$343 $614 $(369)$245 
Schedule of estimated future annual amortization expense for intangible assets The estimated future annual amortization expense for acquired intangible assets is as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2026$67 
202757 
202843 
202940 
203035 
Thereafter101 
Total amortization expense$343 
Schedule of supplier finance program The roll-forward of the Company's outstanding obligations confirmed as valid under its supplier finance programs for the
fiscal years ended March 31, 2025 and March 31, 2024 are as follows:
Fiscal Year Ended
March 31, 2025March 31, 2024
(In millions)
Confirmed obligations outstanding at the beginning of the year$123 $157 
Invoices confirmed during the year574 604 
Confirmed invoices paid during the year(569)(643)
Foreign currency exchange impact(9)5 
Confirmed obligations outstanding at the end of the year$119 $123