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INTEREST, NET

12 Months Ended

Mar. 31, 2022

Other Income and Expenses [Abstract]

Interest, net for the fiscal years ended March 31, 2022, 2021 and 2020 are primarily comprised of the following:


	Fiscal Year Ended March 31
	2022		2021		2020
	(In millions)
Interest expenses on debt obligations (1)	$	153	$	150	$	146
Interest income	(14)		(14)		(19)
ABS and AR sales programs related expenses	5		11		43

(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 2022 and 2021 were immaterial.