XML 64 R48.htm IDEA: XBRL DOCUMENT v3.25.1
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and 2024:
Fair Value Measurements as of March 31, 2025
Level 1Level 2Level 3Total
(In millions)
Assets:    
Money market funds and time deposits (Note 2)$— $1,535 $— $1,535 
Foreign currency contracts (Note 10)— 34 — 34 
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities— 43 — 43 
Liabilities:
Foreign currency contracts (Note 10)$— $(79)$— $(79)
Contingent consideration in connection with acquisitions— — (5)(5)
Fair Value Measurements as of March 31, 2024
Level 1Level 2Level 3Total
(In millions)
Assets:
Money market funds and time deposits (Note 2)$— $759 $— $759 
Foreign currency contracts (Note 10)— 59 — 59 
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities— 41 — 41 
Liabilities:
Foreign currency contracts (Note 10)$— $(52)$— $(52)
Schedule of liabilities not carried at fair value
The following table presents the Company's major debts not carried at fair value as of March 31, 2025 and 2024:
As of March 31, 2025As of March 31, 2024
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Fair Value
Hierarchy
(In millions)(In millions)
4.750% Notes due June 2025
531 531 584 578 Level 1
3.750% Notes due February 2026
678 672 682 662 Level 1
6.000% Notes due January 2028
398 409 397 404 Level 1
4.875% Notes due June 2029
655 651 657 643 Level 1
4.875% Notes due May 2030
676 669 681 662 Level 1
5.250% Notes due January 2032
499 497 — — Level 1
3.600% HUF Bonds due December 2031
269 215 274 219 Level 2