v3.25.1
Investment in and Advances to Non-Consolidated Affiliates and Related Party Transactions (Tables)
12 Months Ended
Mar. 31, 2025
Investment In and Advances To Non-Consolidated Affiliates and Related Party Transactions [Abstract]  
Period-end account balances with non-consolidated affiliates, shown as related party balances
The following table summarizes the assets, liabilities, and equity of our equity method non-consolidated affiliates in the aggregate as of March 31, 2025 and 2024.
 March 31,
in millions20252024
ASSETS
Current assets$570 $561 
Non-current assets815 825 
Total assets$1,385 $1,386 
LIABILITIES
Current liabilities$276 $292 
Non-current liabilities277 258 
Total liabilities$553 $550 
EQUITY
Total equity$832 $836 
Total liabilities and equity$1,385 $1,386 
The following table describes related party balances in the accompanying consolidated balance sheets. We had no other material related party balances with non-consolidated affiliates.
 March 31,
in millions20252024
Accounts receivable, net — related parties
$136 $161 
Other long–term assets — related parties
Accounts payable — related parties
275 280 
Summary of condensed results of operations of equity method affiliates
The following table summarizes the results of operations of our equity method non-consolidated affiliates in the aggregate for fiscal 2025, fiscal 2024, and fiscal 2023 as well as the nature and amounts of significant transactions that we had with our non-consolidated affiliates. The amounts in the table below are disclosed at 100% of the operating results of these affiliates.
in millions
Fiscal 2025
Fiscal 2024
Fiscal 2023
Net sales$1,568 $1,519 $1,721 
Costs and expenses related to net sales1,531 1,492 1,652 
Income tax provision
21 
Net income
$28 $23 $48 
Purchase of tolling services from Alunorf$298 $297 $332