Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2022

Short-term investments consisted of the following as of March 31, 2022 and 2021 (in millions):


	As of March 31, 2022								As of March 31, 2021
	Cost or Amortized Cost		Gross Unrealized				Fair Value		Cost or Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses						Gains		Losses
Corporate bonds	$	117	$	—	$	(1)	$	116	$	372	$	—	$	—	$	372
U.S. Treasury securities	103		—		(1)		102		374		1		—		375
U.S. agency securities	—		—		—		—		3		—		—		3
Commercial paper	39		—		—		39		136		—		—		136
Foreign government securities	17		—		—		17		67		—		—		67
Asset-backed securities	38		—		—		38		112		—		—		112
Certificates of deposit	18		—		—		18		41		—		—		41
Short-term investments	$	332	$	—	$	(2)	$	330	$	1,105	$	1	$	—	$	1,106

Fair Value Of Short-Term Investments By Stated Maturity Date Schedule

The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of March 31, 2022 and 2021 (in millions):


	As of March 31, 2022				As of March 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Short-term investments
Due within 1 year	$	250	$	249	$	895	$	896
Due 1 year through 5 years	77		76		203		203
Due after 5 years	5		5		7		7
Short-term investments	$	332	$	330	$	1,105	$	1,106