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RESTRUCTURING CHARGES | 9 Months Ended
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Dec. 31, 2024
Restructuring Charges [Abstract] |
RESTRUCTURING CHARGES | RESTRUCTURING CHARGES During the three and nine-month periods ended December 31, 2024, the Company recognized approximately $12 million and $55 million of restructuring charges, respectively, most of which related to employee severance. The following table summarizes the provisions, respective payments, and remaining accrued balance as of December 31, 2024 for charges incurred during the nine-month period ended December 31, 2024:
| Severance |  | Long-Lived Asset Impairment |  | Other Exit Costs |  | Total
| (In millions)
Balance as of March 31, 2024 | $ | 77 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 80 |
Provision for net charges incurred during the nine-month period ended December 31, 2024 | 54 |  |  | 1 |  |  | — |  |  | 55 |
Cash payments during the nine-month period ended December 31, 2024 | (50) |  |  | — |  |  | — |  |  | (50) |
Non-cash reductions during the nine-month period ended December 31, 2024 (1) | (28) |  |  | (1) |  |  | (3) |  |  | (32) |
Balance as of December 31, 2024 | 53 |  |  | — |  |  | — |  |  | 53 |
Less: Current portion (classified as other current liabilities) | 53 |  |  | — |  |  | — |  |  | 53 |
Accrued restructuring costs, net of current portion (classified as other liabilities) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
(1) The non-cash adjustments predominantly relate to the transfer of liabilities to held for sale. Refer to Note 13 for further details.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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