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Hedging Activities (Tables)
9 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of information regarding the fair value of derivatives on a gross basis
Information regarding the fair value of derivatives on a gross basis is as follows:
Balance Sheet
Caption
December 31, 2021March 31, 2021
Fair Value of
Derivative
U.S. Dollar NotionalFair Value of
Derivative
U.S. Dollar Notional
(In millions)AssetLiabilityAssetLiability
Derivatives designated for hedge accounting
Cross-currency swaps (current)Prepaid expenses and other/Other accrued liabilities$$28 $570 $$47 $826 
Cross-currency swaps (non-current)Other non-current assets/liabilities66 56 2,205 72 92 2,663 
Forward starting interest rate swaps (current)Other accrued liabilities— — — — 704 
Forward starting interest rate swaps (non-current)Other non-current assets/liabilities500 — — — 
Total$69 $86 $76 $146 
Derivatives not designated for hedge accounting
Foreign exchange contracts (current)Prepaid expenses and other$— $— $— $— $— $29 
Foreign exchange contracts (current)Other accrued liabilities— — — 10 
Total$— $— $— $