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REVENUE
9 Months Ended
Dec. 31, 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 $456 million and $377 million as of December 31, 2025 and March 31, 2025, respectively, of which $418 million and $347 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Warrant
During the second quarter of fiscal year 2026, the Company issued a warrant (“the Warrant”) to a customer for the purchase of up to an aggregate of 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 EndedNine-Month Periods Ended
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Timing of Transfer(In millions)
FAS
Point in time$2,702 $2,849 $8,471 $8,646 
Over time1,116 750 2,804 1,924 
Total 3,818 3,599 11,275 10,570 
FRS
Point in time2,027 1,960 5,856 6,830 
Over time1,213 997 3,306 2,015 
Total 3,240 2,957 9,162 8,845 
Flex
Point in time4,729 4,809 14,327 15,476 
Over time2,329 1,747 6,110 3,939 
Total $7,058 $6,556 $20,437 $19,415