Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30, 2024 and 2023 are as follows (in millions):

	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2024	$	—	$	10	$	(82)	$	(72)
Other comprehensive income (loss) before reclassifications	—		21		(4)		17
Amounts reclassified from accumulated other comprehensive income (loss)	—		(5)		—		(5)
Total other comprehensive income (loss), net of tax	—		16		(4)		12
Balances as of June 30, 2024	$	—	$	26	$	(86)	$	(60)

	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2023	$	(1)	$	13	$	(79)	$	(67)
Other comprehensive income (loss) before reclassifications	—		10		7		17
Amounts reclassified from accumulated other comprehensive income (loss)	—		(25)		—		(25)
Total other comprehensive income (loss), net of tax	—		(15)		7		(8)
Balances as of June 30, 2023	$	(1)	$	(2)	$	(72)	$	(75)

The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2024 and 2023 were as follows (in millions):

	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
Statement of Operations Classification	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023
(Gains) losses on foreign currency forward contracts designated as cash flow hedges
Net revenue	$	(7)	$	(30)
Research and development	2		5
Total net (gain) loss reclassified, net of tax	$	(5)	$	(25)