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REVENUE
 6 Months Ended
Sep. 26, 2025
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 $429 million and $377 million as of September 26, 2025 and March 31, 2025, respectively, of which $392 million and $347 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Warrant
During the quarter ended September 26, 2025, the Company issued a warrant (“the Warrant”) to a customer for the purchase of up to an aggregate of approximately 3.9 million ordinary shares of the Company ("Warrant Shares"). The Warrant Shares vest based on qualifying payments (as defined in the Warrant) for the purchase of all products and services over the term of the Warrant and are recognized as a deduction to revenue as qualifying revenues are recognized. Refer to “Note 4 – Share-Based Compensation and Warrants” for further information.
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on timing of transfer, point in time or over time:
Three-Month Periods EndedSix-Month Periods Ended
September 26, 2025September 27, 2024September 26, 2025September 27, 2024
Timing of Transfer(In millions)
FAS
Point in time$2,874 $2,924 $5,769 $5,797 
Over time892 682 1,688 1,174 
Total 3,766 3,606 7,457 6,971 
FRS
Point in time1,970 2,237 3,829 4,870 
Over time1,068 702 2,093 1,018 
Total 3,038 2,939 5,922 5,888 
Flex
Point in time4,844 5,161 9,598 10,667 
Over time1,960 1,384 3,781 2,192 
Total $6,804 $6,545 $13,379 $12,859