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BALANCE SHEET ITEMS
 3 Months Ended
Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET ITEMS BALANCE SHEET ITEMS 
Inventories 
The components of inventories, net of applicable lower of cost and net realizable value write-downs, were as follows: 
As of June 30, 2023As of March 31, 2023
 (In millions)
Raw materials$5,990 $6,140 
Work-in-progress756 709 
Finished goods780 681 
 $7,526 $7,530 
Goodwill and Other Intangible Assets
During the three-month period ended June 30, 2023, there was no material activity in the Company's goodwill account for each of its reportable segments.
The components of acquired intangible assets are as follows:
 As of June 30, 2023As of March 31, 2023
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
 (In millions)
Intangible assets:      
Customer-related intangibles$351 $(193)$158 $373 $(204)$169 
Licenses and other intangibles302 (161)141 299 (152)147 
Total$653 $(354)$299 $672 $(356)$316 
The gross carrying amounts of intangible assets are removed when fully amortized.
The estimated future annual amortization expense for intangible assets is as follows:
Fiscal Year Ending March 31,Amount
 (In millions)
2024 (1)$51 
202564 
202643 
202736 
202827 
Thereafter78 
Total amortization expense$299 
____________________________________________________________
(1)Represents estimated amortization for the remaining fiscal nine-month period ending March 31, 2024. 
Customer Working Capital Advances
Customer working capital advances were $2.2 billion and $2.3 billion, as of June 30, 2023 and March 31, 2023, respectively. The customer working capital advances are not interest-bearing, do not generally have fixed repayment dates and are generally reduced as the underlying working capital is consumed in production or the customer working capital advance agreement is terminated.
Other Current Liabilities
Other current liabilities include customer-related accruals of $272 million and $313 million as of June 30, 2023 and March 31, 2023, respectively.