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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Class A Common Stock
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2024     167,402,268        
Beginning of period at Mar. 31, 2024 $ 1,047   $ 2 $ (2,278) $ 909 $ 2,404 $ 10
Treasury stock (in shares) at Mar. 31, 2024       (37,759,145)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     348,772        
Issuance of common stock 16       16    
Stock options exercised (in shares)     89,964        
Stock options exercised 4       4    
Repurchase of common stock (in shares)   (2,100,000)   (2,179,971) [1]      
Repurchase of common stock (324) [1] $ (308)   $ (324) [1]      
Net income 555         555  
Other comprehensive loss, net of tax (10)           (10)
Dividends paid (133)         (133)  
Stock-based compensation expense 46       46    
End of period (in shares) at Sep. 30, 2024     167,841,004        
End of period at Sep. 30, 2024 1,201   $ 2 $ (2,602) 975 2,826 0
Treasury stock (in shares) at Sep. 30, 2024       (39,939,116)      
Beginning of period (in shares) at Jun. 30, 2024     167,705,104        
Beginning of period at Jun. 30, 2024 1,084   $ 2 $ (2,368) 940 2,502 8
Treasury stock (in shares) at Jun. 30, 2024       (38,354,730)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     112,184        
Issuance of common stock 7       7    
Stock options exercised (in shares)     23,716        
Stock options exercised 2       2    
Repurchase of common stock (in shares)   (1,600,000)   (1,584,386) [2]      
Repurchase of common stock (234) [2] $ (230)   $ (234) [2]      
Net income 390         390  
Other comprehensive loss, net of tax (8)           (8)
Dividends paid (66)         (66)  
Stock-based compensation expense 26       26    
End of period (in shares) at Sep. 30, 2024     167,841,004        
End of period at Sep. 30, 2024 $ 1,201   $ 2 $ (2,602) 975 2,826 0
Treasury stock (in shares) at Sep. 30, 2024       (39,939,116)      
Beginning of period (in shares) at Mar. 31, 2025 124,879,004   168,522,544        
Beginning of period at Mar. 31, 2025 $ 1,003   $ 2 $ (3,082) 1,042 3,070 (29)
Treasury stock (in shares) at Mar. 31, 2025 (43,643,540)     (43,643,540)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     458,931        
Issuance of common stock $ 18       18    
Stock options exercised (in shares)     129,653        
Stock options exercised 9       9    
Repurchase of common stock (in shares)   (3,300,000)   (3,442,274) [3]      
Repurchase of common stock (377) [3] $ (361)   $ (377) [3]      
Net income 446         446  
Other comprehensive loss, net of tax (1)           (1)
Dividends paid (138)         (138)  
Stock-based compensation expense $ 36       36    
End of period (in shares) at Sep. 30, 2025 122,025,314   169,111,128        
End of period at Sep. 30, 2025 $ 996   $ 2 $ (3,459) 1,105 3,378 (30)
Treasury stock (in shares) at Sep. 30, 2025 (47,085,814)     (47,085,814)      
Beginning of period (in shares) at Jun. 30, 2025     168,850,097        
Beginning of period at Jun. 30, 2025 $ 1,065   $ 2 $ (3,249) 1,071 3,271 (30)
Treasury stock (in shares) at Jun. 30, 2025       (45,141,112)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     145,657        
Issuance of common stock 9       9    
Stock options exercised (in shares)     115,374        
Stock options exercised 8       8    
Repurchase of common stock (in shares)   (1,900,000)   (1,944,702) [4]      
Repurchase of common stock (210) [4] $ (207)   $ (210) [4]      
Net income 175         175  
Other comprehensive loss, net of tax 0            
Dividends paid (68)         (68)  
Stock-based compensation expense $ 17       17    
End of period (in shares) at Sep. 30, 2025 122,025,314   169,111,128        
End of period at Sep. 30, 2025 $ 996   $ 2 $ (3,459) $ 1,105 $ 3,378 $ (30)
Treasury stock (in shares) at Sep. 30, 2025 (47,085,814)     (47,085,814)      
[1] During the six months ended September 30, 2024, the Company purchased 2.1 million shares of the Company’s Class A Common Stock for $308 million. Additionally, the Company repurchased shares for $16 million during the six months ended September 30, 2024 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the three months ended September 30, 2024, the Company purchased 1.6 million shares of the Company’s Class A Common Stock for $230 million. Additionally, the Company repurchased shares for $4 million during the three months ended September 30, 2024 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[3] During the six months ended September 30, 2025, the Company purchased 3.3 million shares of the Company’s Class A Common Stock for $361 million. Additionally, the Company repurchased shares for $16 million during the six months ended September 30, 2025 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[4] During the three months ended September 30, 2025, the Company purchased 1.9 million shares of the Company’s Class A Common Stock for $207 million. Additionally, the Company repurchased shares for $3 million during the three months ended September 30, 2025 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.