BALANCE SHEET ITEMS (Tables)

3 Months Ended

Jul. 01, 2022

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 July 1, 2022		As of March 31, 2022
	(In millions)
Raw materials	$	5,863	$	5,290
Work-in-progress	658		602
Finished goods	722		688
	$	7,243	$	6,580

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of July 1, 2022						As of March 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)
Intangible assets:
Customer-related intangibles	$	370	$	(164)	$	206	$	385	$	(157)	$	228
Licenses and other intangibles	304		(138)		166		319		(136)		183
Total	$	674	$	(302)	$	372	$	704	$	(293)	$	411

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)
2023 (1)	$	62
2024	69
2025	62
2026	42
2027	35
Thereafter	102
Total amortization expense	$	372

____________________________________________________________

(1)Represents estimated amortization for the remaining fiscal nine-month period ending March 31, 2023.