XML 51 R38.htm IDEA: XBRL DOCUMENT v3.24.4

FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

9 Months Ended

Dec. 31, 2024

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 December 31, 2024 and March 31, 2024: 

			Fair Value Measurements as of December 31, 2024
			Level 1						Level 2						Level 3						Total
			(In millions)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)			$	—					$	1,329					$	—					$	1,329
Foreign currency contracts (Note 9)			—						34						—						34
Deferred compensation plan assets:																					0
Mutual funds, money market accounts and equity securities			—						43						—						43
Liabilities:
Foreign currency contracts (Note 9)			$	—					$	(112)					$	—					$	(112)
Contingent consideration in connection with business acquisitions			—						—						(5)						(5)
			Fair Value Measurements as of March 31, 2024
			Level 1						Level 2						Level 3						Total
			(In millions)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)			$	—					$	759					$	—					$	759
Foreign currency contracts (Note 9)			—						59						—						59
Deferred compensation plan assets:																					0
Mutual funds, money market accounts and equity securities			—						41						—						41
Liabilities:																					0
Foreign currency contracts (Note 9)			$	—					$	(52)					$	—					$	(52)

Schedule of Debt Not Carried at Fair Value

The following table presents the Company’s major debts not carried at fair value: 

			As of December 31, 2024												As of March 31, 2024
			Carrying Amount						Fair Value						Carrying Amount						Fair Value						Fair Value Hierarchy
			(In millions)
4.750% Notes due June 2025			$	532					$	532					$	584					$	578					Level 1
3.750% Notes due February 2026			679						670						682						662						Level 1
6.000% Notes due January 2028			398						406						397						404						Level 1
4.875% Notes due June 2029			656						644						657						643						Level 1
4.875% Notes due May 2030			677						662						681						662						Level 1
5.250% Notes due January 2032			499						494						—						—						Level 1
3.600% HUF Bonds due December 2031			254						203						274						219						Level 2

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration