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OTHER CHARGES (INCOME), NET (Tables)

12 Months Ended

Mar. 31, 2023

Other Income and Expenses [Abstract]

Other charges (income), net for the fiscal years ended March 31, 2023, 2022 and 2021 are primarily comprised of the following:


	Fiscal Year Ended March 31
	2023		2022		2021
	(In millions)

Gain on foreign exchange transactions	$	(7)	$	(32)	$	(21)
Investment impairments (1)	—		3		37
Brazil tax credit (2)	—		(150)		—

(1)During fiscal years 2022 and 2021, and in connection with the Company’s ongoing assessment of recoverability of its investment portfolio, the Company concluded that the carrying amounts of certain non-core investments were other than temporarily impaired and recognized $3 million and $37 million of total impairment charges, respectively (See note 2 for additional information).

(2)The Company recognized a $150 million gain related to a certain tax credit upon approval of a "Credit Habilitation" request by the relevant Brazil tax authorities for fiscal year 2022.