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REVENUE
 9 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE 
Contract Balances
A contract asset is recognized when the Company has recognized revenue, but not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheets and transferred to receivables when rights to payment become unconditional and invoiced.
A contract liability is recognized when the Company receives payments in advance of the satisfaction of performance. Contract liabilities, identified as deferred revenue, were $355 million and $490 million as of December 31, 2024 and March 31, 2024, respectively, of which $314 million and $449 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on timing of transfer, point in time or over time, for the three and nine-month periods ended December 31, 2024 and December 31, 2023, respectively.
Three-Month Periods EndedNine-Month Periods Ended
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Timing of Transfer(In millions)
FAS
Point in time$2,849 $3,151 $8,646 $9,867 
Over time750 314 1,924 817 
Total 3,599 3,465 10,570 10,684 
FRS
Point in time1,960 2,793 6,830 9,070 
Over time997 163 2,015 492 
Total 2,957 2,956 8,845 9,562 
Flex
Point in time4,809 5,944 15,476 18,937 
Over time1,747 477 3,939 1,309 
Total $6,556 $6,421 $19,415 $20,246