XML 61 R40.htm IDEA: XBRL DOCUMENT v3.25.1
Derivative Instruments (Tables)
 12 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Currency Forward Contracts
The following table presents the foreign currency (gain) loss to Other expense (income), net:

Fiscal Years Ended
(in millions)March 31, 2025March 31, 2024March 31, 2023
Foreign currency remeasurement (1)
$3 $18 $12 
Undesignated foreign currency forward contracts (2)
(7)(25)(27)
Total - Foreign currency gain
$(4)$(7)$(15)
        

(1) Movements from exchange rates on the Company’s foreign currency-denominated assets and liabilities.
(2) Movements from hedges used to manage the Company’s foreign currency remeasurement exposure, and the associated costs of the hedging program.
Schedule of Derivative Instruments The following tables present the fair values of derivative instruments included in the balance sheets:
As of
(in millions)Balance Sheet Line ItemMarch 31, 2025March 31, 2024
Derivatives designated for hedge accounting:
Foreign currency forward contractsOther current assets$1 $6 
Accrued expenses and other current liabilities$7 $3 
Derivatives not designated for hedge accounting:
Foreign currency forward contractsOther current assets$12 $16 
Accrued expenses and other current liabilities$32 $12