SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Summary of the activity in the Company's allowance for doubtful accounts

The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2023, 2022 and 2021:

	Balance at Beginning of Year		Charges (Recoveries) to Costs and Expenses(1)		Deductions/ Write-Offs (2)		Balance at End of Year
	(In millions)
Allowance for doubtful accounts:
Year ended March 31, 2021	$	96	$	5	$	(40)	$	61
Year ended March 31, 2022	61		(3)		(2)		56
Year ended March 31, 2023	56		3		(51)		8

(1)Charges and recoveries incurred during fiscal years 2023, 2022 and 2021 are primarily for costs and expenses or bad debt recoveries related to various distressed customers.

(2)Deductions and write-offs during fiscal year 2023 is primarily as a result of a settlement reached with a certain former customer.

Schedule of cash and cash equivalents

Cash and cash equivalents consisted of the following:

	As of March 31,
	2023		2022
	(In millions)
Cash and bank balances	$	970	$	679
Money market funds and time deposits	2,324		2,285
	$	3,294	$	2,964

Schedule of components of inventories

The components of inventories, net of applicable lower of cost or net realizable value write-downs, were as follows:

	As of March 31,
	2023		2022
	(In millions)
Raw materials	$	6,140	$	5,290
Work-in-progress	709		602
Finished goods	681		688
	$	7,530	$	6,580

Schedule of property and equipment, net

Property and equipment is comprised of the following:

	Depreciable Life (In Years)	As of March 31,
		2023		2022
		(In millions)
Machinery and equipment	2 - 10	$	3,737	$	3,540
Buildings	30	1,162		1,123
Leasehold improvements	Shorter of lease term or useful life of the improvement	590		564
Furniture, fixtures, computer equipment and software, and other	3 - 7	553		503
Land	—	124		113
Construction-in-progress	—	400		261
		6,566		6,104
Accumulated depreciation and amortization		(4,217)		(3,979)
Property and equipment, net		$	2,349	$	2,125

Schedule of goodwill

The following table summarizes the activity in the Company's goodwill during fiscal years 2023 and 2022:

	FAS		FRS		Nextracker		Total
	(In millions)
Balance at March 31, 2021	$	371	$	719	$	—	$	1,090
Reporting unit reallocation	—		(204)		204		—
Acquisitions	—		272		—		272
Foreign currency translation adjustments	—		(20)		—		(20)
Balance at March 31, 2022	371		767		204		1,342
Acquisitions (1)	—		(2)		—		(2)
Foreign currency translation adjustments	—		3		—		3
Balance at March 31, 2023	$	371	$	768	$	204	$	1,343

(1)Represents purchase price adjustment for the acquisition of Anord Mardix in the fiscal year of 2023.

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of March 31, 2023							As of March 31, 2022
	Weighted-Average Remaining Useful life (in Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In millions)
Intangible assets:
Customer-related intangibles	6.5	$	373	$	(204)	$	169	$	385	$	(157)	$	228
Licenses and other intangibles	6.1	299		(152)		147		319		(136)		183
Total		$	672	$	(356)	$	316	$	704	$	(293)	$	411

Schedule of estimated future annual amortization expense for intangible assets

The estimated future annual amortization expense for acquired intangible assets is as follows:

Fiscal Year Ending March 31,	Amount
	(In millions)
2024	$	70
2025	63
2026	43
2027	36
2028	27
Thereafter	77
Total amortization expense	$	316