FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of Aggregate Notional Amount of the Company's Outstanding Foreign Currency Forward and Swap Contracts

As of June 30, 2023, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $11.3 billion as summarized below: 

	Notional Contract  Value in USD
Currency	Buy		Sell
Cash Flow Hedges
HUF	$	446	$	—
MXN	566		—
Other	649		37
	1,661		37
Other Foreign Currency Contracts
CNY	541		66
EUR	2,515		2,750
GBP	229		308
HUF	179		144
MXN	636		508
MYR	327		170
Other	655		575
	5,082		4,521
Total Notional Contract Value in USD	$	6,743	$	4,558

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	June 30, 2023		March 31, 2023		Balance Sheet Location	June 30, 2023		March 31, 2023
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	60	$	46	Other current liabilities	$	15	$	22
Foreign currency contracts	Other assets	$	—	$	—	Other liabilities	$	17	$	88
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	39	$	26	Other current liabilities	$	47	$	19