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SUMMARY OF ACCOUNTING POLICIES (Tables)
 12 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
Summary of the activity in the Company's allowance for doubtful accounts
The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2024, 2023 and 2022:
Balance at
Beginning
of Year		Charges (Recoveries) to Costs and Expenses(1)Deductions/
Write-Offs (2)		Balance at
End of
Year
(In millions)
Allowance for doubtful accounts:
Year ended March 31, 2022$57 $(3)$(2)$52 
Year ended March 31, 202352 4 (50)6 
Year ended March 31, 20246 9 (3)12 

(1)Charges and recoveries incurred during fiscal years 2024, 2023 and 2022 are primarily for costs and expenses or bad debt recoveries related to various distressed customers.
(2)Deductions and write-offs during fiscal year 2023 is primarily as a result of a settlement reached with a certain former customer.
Schedule of cash and cash equivalents
Cash and cash equivalents consisted of the following:
As of March 31,
20242023
(In millions)
Cash and bank balances$1,715 $840 
Money market funds and time deposits759 2,324 
$2,474 $3,164 
Schedule of components of inventories The components of inventories, net of applicable lower of cost or net realizable value write-downs, were as follows:
As of March 31,
20242023
(In millions)
Raw materials$5,045 $6,111 
Work-in-progress623 705 
Finished goods537 572 
$6,205 $7,388 
Schedule of property and equipment, net Property and equipment is comprised of the following:
Depreciable
Life
(In Years)		As of March 31,
20242023
(In millions)
Machinery and equipment
2 - 10
$3,960 $3,728 
Buildings301,212 1,162 
Leasehold improvementsShorter of lease term or useful life of the improvement651 586 
Furniture, fixtures, computer equipment and software, and other
3 - 7
549 543 
Land—123 124 
Construction-in-progress—214 399 
6,709 6,542 
Accumulated depreciation and amortization(4,440)(4,200)
Property and equipment, net$2,269 $2,342 
Schedule of goodwill
The following table summarizes the activity in the Company's goodwill during fiscal years 2024 and 2023:
FASFRSTotal
(In millions)
Balance at March 31, 2022$371 $767 $1,138 
Acquisitions (1)— (2)(2)
Foreign currency translation adjustments— 3 3 
Balance at March 31, 2023371 768 1,139 
Divestitures (2)— (1)(1)
Foreign currency translation adjustments— (3)(3)
Balance at March 31, 2024$371 $764 $1,135 
(1)Represents purchase price adjustment for the acquisition of Anord Mardix in fiscal year 2023.
(2)A reduction of approximately $1 million as a result of the divestiture of a non-strategic immaterial business within the FRS segment in fiscal year 2024.
Schedule of components of acquired intangible assets
The components of acquired intangible assets are as follows:
As of March 31, 2024As of March 31, 2023
Weighted-Average Remaining Useful life
(in Years)		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
(In millions)
Intangible assets:
Customer-related intangibles6.2$316 $(186)$130 $373 $(204)$169 
Licenses and other intangibles5.5298 (183)115 297 (151)146 
Total$614 $(369)$245 $670 $(355)$315 
Schedule of estimated future annual amortization expense for intangible assets The estimated future annual amortization expense for acquired intangible assets is as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2025$63 
202643 
202735 
202827 
202924 
Thereafter53 
Total amortization expense$245 
Schedule of Supplier Finance Program The roll-forward of the Company's outstanding obligations confirmed as valid under its supplier finance programs for the fiscal year ended March 31, 2024 is as follows.
Fiscal Year Ended
March 31, 2024
(In millions)
Confirmed obligations outstanding at the beginning of the year$157 
Invoices confirmed during the year604 
Confirmed invoices paid during the year(643)
Foreign currency exchange impact5 
Confirmed obligations outstanding at the end of the year$123