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Receivables
3 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Receivables Receivables
Allowance for Doubtful Accounts

The following table presents the change in balance for the allowance for doubtful accounts:

Three Months Ended
(in millions)June 30, 2025June 30, 2024
Beginning balance$32 $35 
Provisions for losses on accounts receivable— 
Other adjustments to allowance and write-offs(2)(2)
Ending balance$30 $40 

Receivables Facility

The Company has an accounts receivable sales facility (as amended, restated, supplemented or otherwise modified, the “Receivables Facility”) with certain unaffiliated financial institutions (the “Purchasers”) for the sale of commercial accounts receivable in the United States up to a maximum amount of $400 million. The Receivables Facility was amended on July 25, 2025, extending the termination date to July 24, 2026.
As of June 30, 2025, the total availability under the Receivables Facility was $380 million and the amount sold to the Purchasers was $373 million, which was derecognized from the Company’s balance sheet. As of June 30, 2025, the Company recorded a $7 million asset within accounts receivable because the amount of cash proceeds received by the Company under the Receivables Facility was less than the total availability.

The fair value of the sold receivables approximated book value due to the short-term nature, and as a result, no gain or loss on sale of receivables was recorded.