BANK BORROWINGS AND LONG-TERM DEBT (Tables)

9 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of bank borrowings and long-term debt

Bank borrowings and long-term debt as of December 31, 2020 are as follows:

	As of December 31, 2020		As of March 31, 2020
	(In millions)
Term Loan, including current portion, due in installments through June 2022	$	—	$	433
5.000% Notes due February 2023	500		500
Term Loan due April 2024 - three-month Yen LIBOR plus 0.500%	324		310
4.750% Notes due June 2025	598		597
3.750% Notes due February 2026	695		—
4.875% Notes due June 2029	661		662
4.875% Notes due May 2030	696		—
India Facilities	136		138
Other	225		211
Debt issuance costs	(23)		(13)
	3,812		2,838
Current portion, net of debt issuance costs	(72)		(149)
Non-current portion	$	3,740	$	2,689

Schedule of the Company's repayments of long-term debt

Scheduled repayments of the Company's bank borrowings and long-term debt as of December 31, 2020 are as follows:

Fiscal Year Ending March 31,	Amount
	(In millions)
2021 (1)	$	56
2022	222
2023	531
2024	53
2025	324
Thereafter	2,649
Total	$	3,835

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