Held for Sale (Tables)

9 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

The total assets and liabilities of the German wholesale joint venture that have met the classification of held for sale as of December 31, 2019, are as follows:

(In millions)	December 31, 2019
Assets
Current Assets
Receivables, net	$	473
Inventories, net	540
Long-term assets	85
Remeasurement of assets of business held for sale to fair value less cost to sell (1)	(285		)
Total Assets held for sale	$	813
Liabilities
Current Liabilities
Drafts and accounts payable	$	247
Other accrued liabilities	37
Long-term liabilities	169
Total Liabilities held for sale	$	453

(1)

Includes the effect of approximately $3 million of cumulative foreign currency translation adjustment.