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INTEREST AND OTHER, NET (Tables)
 9 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
Interest and other, net
Interest and other, net for the three and nine-month periods ended December 31, 2021 and December 31, 2020 are primarily composed of the following:
 Three-Month Periods EndedNine-Month Periods Ended
 December 31, 2021December 31, 2020December 31, 2021December 31, 2020
 (In millions)
Interest expenses on debt obligations$38 $40 $113 $111 
Interest income(3)(4)(11)(10)
Equity in earnings on investments(30)(49)(52)(64)
Brazil tax credit (1)(1)— (150)— 
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(1)During the nine-month period ended December 31, 2021, the Company recognized a $150 million gain related to a certain tax credit upon approval of a "Credit Habilitation" request by the relevant Brazil tax authorities. Refer to note 13 to the condensed consolidated financial statements for further information.