FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of aggregate notional amount of the company's outstanding foreign currency forward and swap contracts

As of September 30, 2022, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $12.8 billion as summarized below: 

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In millions)
Cash Flow Hedges
CNY	2,414	—	$	333	$	—
HUF	135,400	—	394		—
JPY	33,525	—	300		—
MXN	6,949	—	342		—
MYR	450	146	98		32
Other	N/A	N/A	223		76
			1,690		108
Other Foreign Currency Contracts
BRL	77	903	14		168
CAD	138	80	101		58
CNY	10,181	5,876	1,455		855
EUR	2,985	2,790	2,919		2,710
GBP	187	221	203		239
HUF	89,596	81,561	208		189
ILS	430	119	122		34
INR	17,141	—	208		—
MXN	8,927	6,707	439		330
MYR	1,302	339	283		74
SGD	102	55	71		38
Other	N/A	N/A	160		153
			6,183		4,848
Total Notional Contract Value in USD			$	7,873	$	4,956

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:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	September 30, 2022		March 31, 2022		Balance Sheet Location	September 30, 2022		March 31, 2022
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	15	$	22	Other current liabilities	$	72	$	35
Foreign currency contracts	Other assets	$	—	$	—	Other liabilities	$	152	$	61
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	96	$	21	Other current liabilities	$	171	$	26