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Leases (Tables)
 12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Components of Lease Expense and Supplemental Cash Flow Information Related to Leases
The components of operating lease expense were as follows:
For the Fiscal Year Ended
(in millions)March 31, 2025March 31, 2024March 31, 2023
Operating lease cost$309 $353 $404 
Short-term lease cost 26 28 35 
Variable lease cost52 61 73 
Sublease income(17)(19)(18)
    Total operating costs$370 $423 $494 

Cash payments made for variable lease costs and short-term leases are not included in the measurement of operating lease liabilities, and as such, are excluded from the supplemental cash flow information stated below.

For the Fiscal Year Ended
(in millions)March 31, 2025March 31, 2024March 31, 2023
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows$309 $353 $404 
ROU assets obtained in exchange for operating lease liabilities(1)
$241 $175 $227 
    

(1) There were $703 million, $880 million, and $1,142 million in modifications and terminations in fiscal 2025, 2024, and 2023, respectively. See Note 17 – "Cash Flows” for further information on non-cash activities affecting cash flows.
The components of finance lease expense were as follows:

For the Fiscal Year Ended
(in millions)March 31, 2025March 31, 2024March 31, 2023
Finance lease cost:
     Amortization of right-of-use assets$81 $137 $218 
     Interest on lease liabilities14 15 17 
Total finance lease cost$95 $152 $235 

The following table provides supplemental cash flow information related to the Company’s finance leases:

For the Fiscal Year Ended
(in millions)March 31, 2025March 31, 2024March 31, 2023
Interest paid for finance lease liabilities – Operating cash flows$14 $15 $17 
Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows200 240 315 
Total cash paid in the measurement of finance lease obligations$214 $255 $332 
Capital expenditures through finance lease obligations(1)
$24 $105 $102 
    

(1) See Note 17 – ”Cash Flows” for further information on non-cash activities affecting cash flows.
Supplemental Balance Sheet Information Related to Leases
The following table presents operating lease balances:

As of
(in millions)Balance Sheet Line ItemMarch 31, 2025March 31, 2024
ROU operating lease assetsOperating right-of-use assets, net$635 $731 
Operating lease liabilitiesCurrent operating lease liabilities$227 $282 
Operating lease liabilities Non-current operating lease liabilities444 497 
Total operating lease liabilities $671 $779 
The following table presents finance lease balances:

As of
(in millions)Balance Sheet Line ItemMarch 31, 2025March 31, 2024
ROU finance lease assetsProperty and Equipment, net $145 $264 
Finance lease Short-term debt and current maturities of long-term debt $123 $178 
Finance leaseLong-term debt, net of current maturities 155 242 
Total finance lease liabilities(1)
$278 $420 
    

(1) See Note 10 – “Debt” for further information on finance lease liabilities.
Maturities of Lease Liabilities
The following maturity analysis presents expected undiscounted cash payments for operating leases as of March 31, 2025:

Fiscal Year
(in millions)
20262027202820292030
Thereafter
Total
Operating lease payments
$251 $176 $146 $95 $34 $32 $734 
Less: imputed interest
(63)
Total operating lease liabilities
$671 
Maturities of Lease Liabilities
The following maturity analysis presents expected undiscounted cash payments for finance leases as of March 31, 2025:

Fiscal Year
(in millions)
20262027202820292030
Thereafter
Total
Finance lease payments
$135 $92 $51 $19 $1 $3 $301 
Less: imputed interest
(23)
Total finance lease liabilities
$278