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Hedging Activities (Tables)
 3 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Foreign Currency Gains and (Losses) from Non-Derivative Instruments
Foreign currency gains (losses) from non-derivative instruments included in other comprehensive income in the Condensed Consolidated Statements of Comprehensive Income were as follows:
Three Months Ended June 30,
(In millions)20222021
Non-derivatives designated as net investment hedges: (1)
Euro-denominated notes$64 $(22)
(1)There was no ineffectiveness in these hedges for the three months ended June 30, 2022 and 2021.
Schedule of Notional Amounts of Outstanding Derivative Positions
At June 30, 2022 and March 31, 2022, the notional amounts of the Company’s outstanding derivatives were as follows:
June 30, 2022March 31, 2022
(In millions)CurrencyMaturity DateNotional
Derivatives designated as net investment hedges: (1)
Cross-currency swaps (2)
CADNov-24$500 $500 
Derivatives designated as fair value hedges: (1)
Cross-currency swaps (3)
GBPFeb-23£450 £450 
Floating interest rate swaps (4)
USDAug-27$180 $— 
Derivatives designated as cash flow hedges: (1)
Cross-currency swaps (2)
CADJul-22 to Jan-24$1,678 $1,678 
Fixed interest rate swaps (5)
USDMar-23$500 $500 
(1)There was no ineffectiveness in these hedges for the three months ended June 30, 2022 and 2021.
(2)The Company agreed with third parties to exchange fixed interest payments in one currency for fixed interest payments in another currency at specified intervals and to exchange principal in one currency for principal in another currency, calculated by reference to agreed-upon notional amounts.
(3)The Company agreed with third parties to exchange fixed interest payments in British pound sterling for floating interest payments in U.S. dollars based on three-month LIBOR plus a spread.
(4)The Company entered into fixed-to-floating interest rate swaps to hedge the changes in fair value caused by fluctuations in the benchmark interest rates.
(5)The Company entered into agreements with financial institutions to lock into the fixed benchmark interest rates for future bond issuance.
Schedule of Fair Value of Derivatives
Information regarding the fair value of derivatives on a gross basis were as follows:
Balance Sheet
Caption		June 30, 2022March 31, 2022
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$4 $30 $1,537 $30 $39 $1,537 
Cross-currency swaps (non-current)Other non-current liabilities— 15 679 — 36 679 
Fixed interest rate swaps (current)Prepaid expenses and other57 — 500 31 — 500 
Floating interest rate swaps (non-current)Other non-current assets2 — 180 — — — 
Total$63 $45 $61 $75 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Gains and (losses) of derivatives included in other comprehensive income (loss) in the Condensed Consolidated Statements of Comprehensive Income were as follows:
Three Months Ended June 30,
(In millions)20222021
Derivatives designated as net investment hedges:
Cross-currency swaps$12 $(5)
Derivatives designated as cash flow hedges:
Cross-currency swaps$(2)$(2)
Fixed interest rate swaps27 2 
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
Gains and (losses) of derivatives included in other comprehensive income (loss) in the Condensed Consolidated Statements of Comprehensive Income were as follows:
Three Months Ended June 30,
(In millions)20222021
Derivatives designated as net investment hedges:
Cross-currency swaps$12 $(5)
Derivatives designated as cash flow hedges:
Cross-currency swaps$(2)$(2)
Fixed interest rate swaps27 2