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Cash Flows (Tables)

3 Months Ended

Jun. 30, 2025

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Payments for Interest on Indebtedness and for Taxes

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


	Three Months Ended
(in millions)	June 30, 2025		June 30, 2024
Cash paid for:
Interest	$	40	$	57
Taxes on income, net of refunds (1)	$	87	$	52

Non-cash activities:


Operating:
ROU assets obtained in exchange for lease, net (2)	$	142	$	35

Investing:
Capital expenditures in accounts payable and accrued expenses	$	4	$	3
Capital expenditures through finance lease obligations	$	1	$	7

Financing:
Shares repurchased but not settled in cash (3)	$	2	$	—

(1) Income tax refunds were $4 million and $16 million for the three months ended June 30, 2025 and June 30, 2024, respectively.

(2) 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.

(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.