BALANCE SHEET ITEMS (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2021		As of March 31, 2021
	(In millions)
Raw materials	$	4,742	$	2,831
Work-in-progress	546		459
Finished goods	670		605
	$	5,958	$	3,895

Schedule of goodwill

The following table summarizes the goodwill allocation as of April 1, 2021 and the activity during the nine-month period ended December 31, 2021:

		FAS						FRS
		Communications, Enterprise  and Cloud		Lifestyle		Consumer Devices		Automotive		Health Solutions		Industrial		Total
	(In millions)
Balance at March 31, 2021		$	189	$	131	$	51	$	196	$	194	$	329	$	1,090
Additions		—		—		—		—		—		271		271
Foreign currency translation adjustments		—		—				(14)		—		(1)		(15)
Balance at December 31, 2021		$	189	$	131	$	51	$	182	$	194	$	599	$	1,346

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of December 31, 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	$	388	$	(148)	$	240	$	276	$	(154)	$	122
Licenses and other intangibles	318		(130)		188		250		(159)		91
Total	$	706	$	(278)	$	428	$	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)	$	22
2023	88
2024	72
2025	64
2026	43
Thereafter	139
Total amortization expense	$	428

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