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Derivative Instruments (Tables) | 3 Months Ended
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Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivatives Not Designated For Hedge Accounting | The following table presents the pretax amounts impacting income related to designated and non-designated foreign currency forward contracts:
|  |  |  |  |  | For the Three Months Ended
(in millions) |  | Statement of Operations Line Item |  |  |  |  |  | June 30, 2022 |  | June 30, 2021
Foreign currency forward contracts |  | Other income (expense), net |  |  |  |  |  | $ | 38 |  |  | $ | (35) |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following tables present the fair values of derivative instruments included in the balance sheets:
|  | Derivative Assets |  |
|  |  |  | As of |  |  |  |
(in millions) |  | Balance Sheet Line Item |  | June 30, 2022 |  | March 31, 2022 |  |  |  |  |  |
Derivatives designated for hedge accounting: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Other current assets |  | $ | 20 |  |  | $ | 18 |  |  |  |  |  |  |
Derivatives not designated for hedge accounting: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Other current assets |  | $ | 25 |  |  | $ | 9 |  |  |  |  |  |  |
|  |  |  | Derivative Liabilities
|  |  |  |  |  |  |  | As of
(in millions) |  |  |  |  |  |  |  | Balance Sheet Line Item |  | June 30, 2022 |  | March 31, 2022
Derivatives designated for hedge accounting: |  |  |  |
Foreign currency forward contracts |  |  |  |  |  |  |  | Accrued expenses and other current liabilities |  | $ | 5 |  |  | $ | — |
Derivatives not designated for hedge accounting: |  |  |  |
Foreign currency forward contracts |  |  |  |  |  |  |  | Accrued expenses and other current liabilities |  | $ | 16 |  |  | $ | 15 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959 + Details
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