FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedges, Assets [Abstract]

Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts

As of March 31, 2022, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $11.6 billion as summarized below:

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In millions)
Cash Flow Hedges
CNY	3,177	—	$	499	$	—
HUF	140,860	—	435		—
JPY	33,525	—	300		—
MXN	7,075	—	354
MYR	483	86	114		20
Other	N/A	N/A	261		114
			1,963		134
Other Foreign Currency Contracts
BRL	17	900	3		190
CAD	113	66	90		53
CNY	6,283	2,224	982		348
EUR	2,477	2,320	2,758		2,575
GBP	136	148	178		194
HUF	66,804	56,541	201		170
ILS	386	23	121		7
INR	12,744	534	167		7
MXN	8,187	6,128	409		307
MYR	1,002	351	238		83
PLN	243	199	58		47
SEK	515	579	53		62
SGD	97	50	71		37
Other	N/A	N/A	69		49
			5,398		4,129
Total Notional Contract Value in USD			$	7,361	$	4,263

Schedule of fair value of the derivative instruments utilized for foreign currency risk management purposes

The following table presents the fair value of the Company's derivative instruments utilized for foreign currency risk management purposes at March 31, 2022 and 2021:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	March 31, 2022		March 31, 2021		Balance Sheet Location	March 31, 2022		March 31, 2021
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	22	$	23	Other current liabilities	$	35	$	16
Foreign currency contracts	Other assets	—		5		Other liabilities	61		—
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	21	$	31	Other current liabilities	$	26	$	32