ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

The changes in accumulated other comprehensive loss by component, net of tax, during fiscal years ended March 31, 2023, 2022 and 2021 are as follows:


	Unrealized loss on derivative instruments and other		Foreign currency translation adjustments		Total
	(In millions)
Beginning balance on March 31, 2020	$	(82)	$	(133)	$	(215)
Other comprehensive gain before reclassifications	48		56		104
Net gains reclassified from accumulated other comprehensive loss	(8)		—		(8)
Net current-period other comprehensive gain	40		56		96
Ending balance on March 31, 2021	$	(42)	$	(77)	$	(119)
Other comprehensive loss before reclassifications	(49)		(44)		(93)
Net losses reclassified from accumulated other comprehensive loss	25		5		30
Net current-period other comprehensive loss	(24)		(39)		(63)
Ending balance on March 31, 2022	$	(66)	$	(116)	$	(182)
Other comprehensive loss before reclassifications	(25)		(67)		(92)
Net losses reclassified from accumulated other comprehensive loss	77		3		80
Net current-period other comprehensive gain (loss)	52		(64)		(12)
Ending balance on March 31, 2023	$	(14)	$	(180)	$	(194)

Substantially all unrealized gains and losses relating to derivative instruments and other, reclassified from accumulated other comprehensive loss for the fiscal year 2023 were reclassified out of accumulated other comprehensive loss to other charges (income), net and cost of sales in the consolidated statement of operations, which primarily relate to the Company's foreign currency contracts accounted for as cash flow hedges. Net (gains) losses reclassified from accumulated other

comprehensive loss were $80 million and $30 million loss during fiscal year 2023 and 2022, respectively, and were immaterial during fiscal year 2021.The tax impact to other comprehensive loss was immaterial for all periods presented.