Other Income, Net (Tables)

12 Months Ended

Mar. 31, 2021

Other Nonoperating Income (Expense) [Abstract]

Schedule of other income, net

Other income, net consists of the following:

	Years Ended March 31,
(In millions)	2021		2020		2019
Interest income	$	12	$	49	$	39
Equity in earnings, net (1)	48		36		43
Net gains on investments in equity securities (2)	133		17		23
Actuarial losses from pension plans (3)	—		(127)		—
Gain from sale of equity method investment (4)	—		—		56
Other, net	30		37		21
Total	$	223	$	12	$	182

(1)Primarily recorded within the Company’s International segment.

(2)Represents net realized and unrealized gains on the Company’s investments in equity securities of certain U.S. growth stage companies in the healthcare industry. These gains primarily relate to mark-to-market adjustments for investments which are measured at fair value based on changes in the observable price of the securities and realized gains on disposal of certain of these investments and were included within Corporate expenses, net. Refer to Financial Note 17, “Fair Value Measurements,” and to Financial Note 22, “Segments of Business.”

(3)Includes $116 million from the termination of the U.S. defined benefit pension plan and $11 million related to a settlement from the executive benefit retirement plan for a retired executive. Refer to Financial Note 15, “Pension Benefits.”

(4)Represents a gain from the sale of an equity investment to a third party included in RxTS during 2019.