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BALANCE SHEET ITEMS (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract] |
Schedule of Components of Inventories | The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows:
| As of December 31, 2024 |  | As of March 31, 2024
| (In millions)
Raw materials | $ | 4,332 |  |  | $ | 5,045 |
Work-in-progress | 465 |  |  | 623 |
Finished goods | 473 |  |  | 537 |
| $ | 5,270 |  |  | $ | 6,205 |
Schedule of Goodwill | The following table summarizes the activity in the Company's goodwill during the nine-month period ended December 31, 2024:
| FAS |  | FRS |  | Total
| (In millions)
Balance at March 31, 2024 | $ | 371 |  |  | $ | 764 |  |  | $ | 1,135 |
Acquisitions (1) | 38 |  |  | 170 |  |  | 208 |
Foreign currency translation adjustments | (1) |  |  | (10) |  |  | (11) |
Balance at December 31, 2024 | $ | 408 |  |  | $ | 924 |  |  | $ | 1,332 |
(1) Represents goodwill of $170 million from the Crown acquisition, $30 million from the JetCool acquisition and $8 million from an acquisition completed in the first quarter of fiscal year 2025.
Schedule of Components of Acquired Intangible Assets | The components of acquired intangible assets are as follows:
| As of December 31, 2024 |  | As 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 | $ | 405 |  |  | $ | (173) |  |  | $ | 232 |  |  | $ | 316 |  |  | $ | (186) |  |  | $ | 130 |
Licenses and other intangibles | 313 |  |  | (202) |  |  | 111 |  |  | 298 |  |  | (183) |  |  | 115 |
Total | $ | 718 |  |  | $ | (375) |  |  | $ | 343 |  |  | $ | 614 |  |  | $ | (369) |  |  | $ | 245 |
Schedule of Estimated Future Annual Amortization Expense For Intangible Assets | The estimated future annual amortization expense for intangible assets is as follows:
Fiscal Year Ending March 31, |  | Amount
|  | (In millions)
2025 (1) |  | $ | 24 |
2026 |  | 72 |
2027 |  | 61 |
2028 |  | 45 |
2029 |  | 42 |
Thereafter |  | 99 |
Total amortization expense |  | $ | 343 |
____________________________________________________________ (1)Represents estimated amortization for the remaining fiscal three-month period ending March 31, 2025.

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