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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedges, Assets [Abstract]  
Schedule of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts
As of March 31, 2025, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $7.9 billion as summarized below:
Notional Contract
Value in USD
CurrencyBuySell
(In millions)
Cash Flow Hedges
HUF$400 $— 
MXN391 — 
Other577 
1,368 
Other Foreign Currency Contracts
CNY881 513 
EUR783 787 
HKD— 441 
MXN452 325 
MYR379 238 
Other807 921 
3,302 3,225 
Total Notional Contract Value in USD$4,670 $3,232 
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 at March 31, 2025 and 2024:
Fair Values of Derivative Instruments
Asset DerivativesLiability Derivatives
Fair ValueFair Value
Balance Sheet
Location
March 31,
2025
March 31,
2024
Balance Sheet
Location
March 31,
2025
March 31,
2024
(In millions)
Derivatives designated as hedging instruments
Foreign currency contractsOther current assets$13 $45 Other current liabilities$(18)$(9)
Foreign currency contractsOther non-current assets— — Other non-current liabilities(46)(33)
Derivatives not designated as hedging instruments
Foreign currency contractsOther current assets$21 $14 Other current liabilities$(15)$(10)