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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 616 $ 850
Depreciation, amortization and other impairment charges 401 390
Changes in working capital and other, net 55 (593)
Net cash provided by operating activities 1,072 647
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (326) (449)
Proceeds from the disposition of property and equipment 11 21
Acquisition of businesses, net of cash acquired (347) 0
Other investing activities, net 21 14
Net cash used in investing activities (641) (414)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from bank borrowings and long-term debt 499 2
Payments of bank borrowings, long-term debt and other financing liabilities (58) (398)
Payments for repurchases of ordinary shares (958) (781)
Proceeds from issuances of Nextracker shares 0 552
Payment for purchase of Nextracker LLC units from TPG 0 (57)
Other, net (7) (86)
Net cash used in financing activities (524) (768)
Effect of exchange rates on cash and cash equivalents (48) 5
Net change in cash and cash equivalents and restricted cash equivalents (141) (530)
Cash, cash equivalents, and restricted cash equivalents, beginning of period 2,474 3,294
Cash, cash equivalents, and restricted cash equivalents, end of period 2,333 2,764
Reconciliation of cash, cash equivalents, and restricted cash equivalents    
Cash and cash equivalents 2,313 2,764
Restricted cash equivalents included in other current assets [1] 20 0
Total cash, cash equivalents, and restricted cash equivalents 2,333 2,764
Non-cash investing activities:    
Unpaid purchases of property and equipment 120 89
Right-of-use assets obtained in exchange for operating lease liabilities $ 80 $ 98
[1] $20 million of restricted cash is held for sale pending disposition of a European site. Refer to Note 13 for further details.