Interest And Other Income (Expense), Net

12 Months Ended

Mar. 31, 2021

Interest and Other Income [Abstract]

Interest And Other Income (Expense), Net

(16) INTEREST AND OTHER INCOME (EXPENSE), NET

Interest and other income (expense), net, for the fiscal years ended March 31, 2021, 2020 and 2019 consisted of (in millions):

	Year Ended March 31,
	2021		2020		2019
Interest expense	(45)		(44)		(45)
Interest income	24		100		88
Net gain (loss) on foreign currency transactions	9		11		(9)
Net gain (loss) on foreign currency forward contracts	(19)		(4)		50
Other income (expense), net	2		—		(1)
Interest and other income (expense), net	$	(29)	$	63	$	83