v3.22.4
Derivative Instruments (Tables)
 9 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Not Designated For Hedge Accounting
The following table presents the pretax amounts impacting income related to foreign currency forward contracts designated and non-designated for hedge accounting:

For the Three Months EndedFor the Nine Months Ended
(in millions)Statement of Operations Line ItemDecember 31, 2022December 31, 2021December 31, 2022December 31, 2021
Foreign currency forward contractsOther (income) expense, net$52 $(9)$(27)$39 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following tables present the fair values of derivative instruments included in the balance sheets:
As of
(in millions)Balance Sheet Line ItemDecember 31, 2022March 31, 2022
Derivatives designated for hedge accounting:
Foreign currency forward contractsOther current assets$10 $18 
Accrued expenses and other current liabilities$18 $— 
Derivatives not designated for hedge accounting:
Foreign currency forward contractsOther current assets$7 $9 
Accrued expenses and other current liabilities$51 $15