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INTEREST, NET
 12 Months Ended
Mar. 31, 2021
Other Income and Expenses [Abstract]  
INTEREST, NET INTEREST, NET
Interest, net for the fiscal years ended March 31, 2021, 2020 and 2019 are primarily composed of the following:
Fiscal Year Ended March 31
202120202019
(In millions)
Interest expenses on debt obligations (1)$150 $146 $146 
ABS and AR sales programs related expenses$11 $43 $46 
Interest income$(14)$(19)$(19)

(1)    Interest expense on debt obligations for fiscal year 2020 includes debt extinguishment costs of $7.2 million, related to the full repayments of the Notes due February 2020 and the Term Loan due November 2021. Debt extinguishment costs incurred during fiscal years 2021 and 2019 were immaterial.