Cash Flows (Tables)

12 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Payments for Interest on Indebtedness and for Income Taxes

Cash payments for interest on indebtedness and income taxes and other select non-cash activities are as follows:


	Fiscal Years Ended
(in millions)	March 31, 2025		March 31, 2024		March 31, 2023
Cash paid for:
Interest	$	258	$	286	$	188
Taxes on income, net of refunds(1)	$	393	$	434	$	408

Non-cash activities:
Operating:
ROU assets obtained in exchange for lease, net(2)	$	241	$	175	$	227
Prepaid assets acquired under long-term financing	$	—	$	46	$	106
Investing:
Capital expenditures in accounts payable and accrued expenses	$	1	$	67	$	5
Capital expenditures through finance lease obligations	$	24	$	105	$	102
Assets acquired under long-term financing	$	—	$	34	$	25


Financing:

Shares repurchased but not settled in cash(3)	$	—	$	10	$	20

(1) Income tax refunds were $50 million, $38 million, and $43 million for fiscal 2025, 2024, and 2023, respectively.

(2)There were $703 million, $880 million, and $1,142 million in modifications and terminations in fiscal 2025, 2024, and 2023, respectively.

(3)On August 16, 2022, the U.S. government enacted the IRA into law. The IRA imposes a 1% excise tax on share repurchases completed after December 31, 2022. In our cash flow statement, we reflect the excise tax as a financing activity relating to the repurchase of common stock.