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INTEREST, NET (Tables)
12 Months Ended
Mar. 31, 2022
Other Income and Expenses [Abstract]  
Interest, net
Interest, net for the fiscal years ended March 31, 2022, 2021 and 2020 are primarily comprised of the following:
Fiscal Year Ended March 31
202220212020
(In millions)
Interest expenses on debt obligations (1)$153 $150 $146 
Interest income(14)(14)(19)
ABS and AR sales programs related expenses11 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.