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BALANCE SHEET ITEMS
 6 Months Ended
Sep. 29, 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 September 29, 2023As of March 31, 2023
 (In millions)
Raw materials$5,658 $6,140 
Work-in-progress707 709 
Finished goods801 681 
 $7,166 $7,530 
Goodwill and Other Intangible Assets
During the six-month period ended September 29, 2023, there was no material activity in the Company's goodwill account for each of its reportable segments, other than foreign currency translation adjustments of $6 million, which primarily impacted the FRS segment.
The components of acquired intangible assets are as follows:
 As of September 29, 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$345 $(199)$146 $373 $(204)$169 
Licenses and other intangibles293 (164)129 299 (152)147 
Total$638 $(363)$275 $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)$33 
202562 
202642 
202735 
202827 
Thereafter76 
Total amortization expense$275 
____________________________________________________________
(1)Represents estimated amortization for the remaining fiscal six-month period ending March 31, 2024. 
Customer Working Capital Advances
Customer working capital advances were $2.0 billion and $2.3 billion, as of September 29, 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 $242 million and $313 million as of September 29, 2023 and March 31, 2023, respectively.