Leases, Codification Topic 842 (Tables)

12 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease, Cost

The components of lease expense are as follows (in millions):

	Year Ended March 31, 2020
Operating lease costs	$	70
Variable lease costs	37
Short-term lease costs	14
Total lease expense	$	121

Supplemental cash and noncash information related to our operating leases are as follows (in millions):

	Year Ended March 31, 2020
Cash paid for amounts included in the measurement of lease liability	$	69
ROU assets obtained in exchange for new lease obligations	$	52

Weighted average remaining lease term and discount rate are as follows:

	At March 31, 2020
Lease term	4.5 years
Discount rate	3.2	%

AssetsandLiabilitiesLesseeTableTextBlock

Operating lease ROU assets and liabilities recorded on our Consolidated Balance Sheets as of April 1, 2019 and March 31, 2020 are as follows (in millions):

	Balance at April 1, 2019		Balance as of March 31, 2020		Balance Sheet Classification
Operating lease ROU assets	$	215	$	193	Other assets
Operating lease liabilities	$	50	$	69	Accrued and other current liabilities
Noncurrent operating lease liabilities	197		155		Other liabilities
Total operating lease liabilities	$	247	$	224

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments under operating leases as of March 31, 2020 were as follows (in millions):

Fiscal Years Ending March 31,
2021	$	74
2022	58
2023	33
2024	28
2025	21
Thereafter	28
Total future lease payments	242
Less imputed interest	(18)
Total operating lease liabilities	$	224

Future minimum lease payments as of March 31, 2019, prior to our adoption of the New Lease Standard, were as follows (in millions):

Fiscal Years Ending March 31,
2020	$	52
2021	54
2022	44
2023	36
2024	28
Thereafter	50
Total future lease payments	$	264