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FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of Aggregate Notional Amount of the Company's Outstanding Foreign Currency Forward and Swap Contracts

As of December 31, 2024, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.1 billion as summarized below: 

						Notional Contract Value in USD
Currency						Buy						Sell
						(In millions)
Cash Flow Hedges												p
HUF						$	403					$	—
MXN						377						—
Other						573						5
						1,353						5
Other Foreign Currency Contracts
CNY						1,080						875
EUR						775						646
BRL						—						316
MXN						431						350
MYR						309						159
Other						922						882
						3,517						3,228
Total Notional Contract Value in USD						$	4,870					$	3,233

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:

			Fair Values of Derivative Instruments
			Asset Derivatives																		Liability Derivatives
									Fair Value																		Fair Value
			Balance Sheet Location						December 31, 2024						March 31, 2024						Balance Sheet Location						December 31, 2024						March 31, 2024
			(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts			Other current assets						$	9					$	45					Other current liabilities						$	(45)					$	(9)
Foreign currency contracts			Other non-current assets						$	—					$	—					Other liabilities						$	(53)					$	(33)
Derivatives not designated as hedging instruments
Foreign currency contracts			Other current assets						$	25					$	14					Other current liabilities						$	(14)					$	(10)

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A

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