FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts

As of March 31, 2024, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $8.6 billion as summarized below:

	Notional Contract Value in USD
Currency	Buy		Sell
	(In millions)
Cash Flow Hedges
HUF	$	443	$	—
MXN	609		—
Other	550		20
	1,602		20
Other Foreign Currency Contracts
BRL	—		361
CNY	321		84
EUR	1,883		1,815
MXN	532		448
MYR	264		120
Other	707		458
	3,707		3,286
Total Notional Contract Value in USD	$	5,309	$	3,306

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 at March 31, 2024 and 2023:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	March 31, 2024		March 31, 2023		Balance Sheet Location	March 31, 2024		March 31, 2023
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	45	$	46	Other current liabilities	$	(9)	$	22
Foreign currency contracts	Other non-current assets	—		—		Other non-current liabilities	(33)		88
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	14	$	26	Other current liabilities	$	(10)	$	19