FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Mar. 31, 2023

Derivative Instruments and Hedges, Assets [Abstract]

Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts

As of March 31, 2023, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $11.1 billion as summarized below:

	Notional Contract Value in USD
Currency	Buy		Sell
	(In millions)
Cash Flow Hedges
HUF	$	418	$	—
JPY	300		—
MXN	448
Other	641		69
	1,807		69
Other Foreign Currency Contracts
CNY	677		89
EUR	2,273		2,466
GBP	289		323
MXN	595		452
MYR	437		243
Other	779		609
	5,050		4,182
Total Notional Contract Value in USD	$	6,857	$	4,251

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 at March 31, 2023 and 2022:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	March 31, 2023		March 31, 2022		Balance Sheet Location	March 31, 2023		March 31, 2022
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	46	$	22	Other current liabilities	$	22	$	35
Foreign currency contracts	Other assets	—		—		Other liabilities	88		61
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	26	$	21	Other current liabilities	$	19	$	26