BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 2020

Balance Sheet Related Disclosures [Abstract]

Schedule of components of inventories

The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows: 

	As of December 31, 2020		As of March 31, 2020
	(In millions)
Raw materials	$	2,625	$	2,836
Work-in-progress	472		373
Finished goods	602		576
	$	3,699	$	3,785

Schedule of goodwill

The following table summarizes the goodwill allocation as of April 1, 2020 and the activity during the nine-month period ended December 31, 2020: 

	FAS						FRS
	Communications, Enterprise and Cloud		Lifestyle		Consumer Devices		Automotive		Health Solutions		Industrial		Total
	(In millions)
Balance at April 1, 2020	$	188	$	131	$	51	$	174	$	192	$	329	$	1,065
Foreign currency translation adjustments	1		—		—		39		4		—		44
Balance at December 31, 2020	$	189	$	131	$	51	$	213	$	196	$	329	$	1,109

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of December 31, 2020						As of March 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)
Intangible assets:
Customer-related intangibles	$	280	$	(149)	$	131	$	275	$	(128)	$	147
Licenses and other intangibles	258		(156)		102		245		(130)		115
Total	$	538	$	(305)	$	233	$	520	$	(258)	$	262

Schedule of estimated future annual amortization expense for intangible assets

The estimated future annual amortization expense for intangible assets is as follows:

Fiscal Year Ending March 31,	Amount
	(In millions)
2021 (1)	$	16
2022	55
2023	47
2024	45
2025	40
Thereafter	30
Total amortization expense	$	233

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(1)Represents estimated amortization for the remaining fiscal three-month period ending March 31, 2021.