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Leases (Tables)
 3 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense and Supplemental Cash Flow Information Related to Leases
The components of operating lease expense were as follows:

Three Months Ended
(in millions)June 30, 2025June 30, 2024
Operating lease cost$76 $80 
Short-term lease cost 5 6 
Variable lease cost 15 13 
Sublease income(3)(5)
Total operating costs$93 $94 

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 below.

Three Months Ended
(in millions)June 30, 2025June 30, 2024
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows$76 $80 
ROU assets obtained in exchange for operating lease liabilities(1)
$142 $35 
    

(1) Net of $214 million and $237 million in lease modifications and terminations for the three months ended June 30, 2025 and June 30, 2024, respectively. See Note 15 – “Cash Flows” for further information on non-cash activities affecting cash flows.
The components of finance lease expense were as follows:

Three Months Ended
(in millions)June 30, 2025June 30, 2024
Amortization of right-of-use assets$15 $25 
Interest on lease liabilities3 4 
Total finance lease cost$18 $29 

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

Three Months Ended
(in millions)June 30, 2025June 30, 2024
Interest paid for finance lease liabilities – Operating cash flows$3 $4 
Cash paid for amounts included in the measurement of finance lease obligations – financing cash flows38 55 
Total cash paid in the measurement of finance lease obligations$41 $59 
Capital expenditures through finance lease obligations(1)
$1 $7 
    

(1) See Note 15 – ”Cash Flows” for further information on non-cash activities affecting cash flows.
Schedule of Supplemental Balance Sheet Information Related to Leases
The following table presents operating lease balances:

As of
(in millions)Balance Sheet Line ItemJune 30, 2025March 31, 2025
ROU operating lease assetsOperating right-of-use assets, net$735 $635 
Operating lease liabilitiesCurrent operating lease liabilities$252 $227 
Operating lease liabilities Non-current operating lease liabilities518 444 
Total operating lease liabilities $770 $671 
The following table presents finance lease balances:

As of
(in millions)Balance Sheet Line ItemJune 30, 2025March 31, 2025
ROU finance lease assetsProperty and Equipment, net $119 $145 
Finance lease Short-term debt and current maturities of long-term debt $117 $123 
Finance leaseLong-term debt, net of current maturities 137 155 
Total finance lease liabilities(1)
$254 $278 
    

(1) See Note 8 – “Debt” for further information on finance lease liabilities.
Schedule of Maturities of Lease Liabilities
The following maturity analysis presents expected undiscounted cash payments for operating leases as of June 30, 2025:

Fiscal Year
(in millions)
Remainder of 2026
2027202820292030
Thereafter
Total
Operating lease payments
$221 $221 $190 $128 $37 $34 $831 
Less: imputed interest
(61)
Total operating lease liabilities
$770 
Schedule of Maturities of Lease Liabilities
The following maturity analysis presents expected undiscounted cash payments for finance leases as of June 30, 2025:

Fiscal Year
(in millions)
Remainder of 2026
2027202820292030
Thereafter
Total
Finance lease payments
$101 $97 $53 $20 $2 $3 $276 
Less: imputed interest
(22)
Total finance lease liabilities
$254