BALANCE SHEET ITEMS (Tables)

3 Months Ended

Jul. 02, 2021

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 July 2, 2021		As of March 31, 2021
	(In millions)
Raw materials	$	3,344	$	2,831
Work-in-progress	454		459
Finished goods	646		605
	$	4,444	$	3,895

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of July 2, 2021						As of March 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)
Intangible assets:
Customer-related intangibles	$	278	$	(163)	$	115	$	276	$	(154)	$	122
Licenses and other intangibles	250		(166)		84		250		(159)		91
Total	$	528	$	(329)	$	199	$	526	$	(313)	$	213

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)
2022 (1)	$	39
2023	46
2024	45
2025	40
2026	18
Thereafter	11
Total amortization expense	$	199

____________________________________________________________

(1)Represents estimated amortization for the remaining fiscal nine-month period ending March 31, 2022.