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REVENUE
 6 Months Ended
Sep. 29, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE 
Contract Balances
A contract asset is recognized when the Company has recognized revenue, but not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheets and transferred to receivables when rights to payment become unconditional and invoiced.
A contract liability is recognized when the Company receives payments in advance of the satisfaction of performance. Contract liabilities, identified as deferred revenue, were $904 million and $885 million as of September 29, 2023 and March 31, 2023, respectively, of which $796 million and $795 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on timing of transfer, point in time or over time, for the three and six-month periods ended September 29, 2023 and September 30, 2022, respectively.
Three-Month Periods EndedSix-Month Periods Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Timing of Transfer(In millions)
FAS
Point in time$3,280 $3,787 $6,716 $7,566 
Over time338 217 503 429 
Total 3,618 4,004 7,219 7,995 
FRS
Point in time3,144 3,110 6,276 5,900 
Over time170 189 329 368 
Total 3,314 3,299 6,605 6,268 
Nextracker
Point in time21 10 27 33 
Over time552 463 1,026 835 
Total573 473 1,053 868 
Intersegment eliminations
Point in time(34)(10)(70)(18)
Over time— — — — 
Total(34)(10)(70)(18)
Flex
Point in time6,411 6,897 12,949 13,481 
Over time1,060 869 1,858 1,632 
Total $7,471 $7,766 $14,807 $15,113