Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment, net consists of the following.


	March 31,
in millions	2025		2024
Land and property rights	$	224	$	221
Buildings	2,268		2,013
Machinery and equipment(1)	6,697		6,284
Gross property, plant and equipment (excluding construction in progress)	9,189		8,518
Accumulated depreciation and amortization	(4,726)		(4,412)
Property, plant and equipment, net (excluding construction in progress)	4,463		4,106
Construction in progress	2,388		1,635
Property, plant and equipment, net(2)	$	6,851	$	5,741

_________________________

(1)In addition to equipment under finance leases, machinery and equipment also includes furniture, fixtures, and equipment.

(2)Included in property, plant and equipment, net are $16 million and $25 million of finance leases as of March 31, 2025 and 2024, respectively. This balance of finance leases represents gross finance leases of $42 million, net of accumulated amortization of $26 million, and $46 million, net of accumulated amortization of $21 million, as of March 31, 2025 and 2024, respectively. Of the $42 million and $46 million of gross finance leases as of March 31, 2025 and 2024, $40 million and $45 million were included in machinery and equipment, respectively.

Schedule of depreciation expense

Depreciation expense related to property, plant and equipment, net is shown in the table below.


in millions	Fiscal 2025		Fiscal 2024		Fiscal 2023
Depreciation expense related to property, plant and equipment, net included in depreciation and amortization	$	492	$	481	$	466