v3.25.4
Investment In and Advances to Non-Consolidated Affiliates and Related Party Transactions (Tables)
9 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
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 and the nature and amounts of significant transactions we have with our non-consolidated affiliates. The amounts in the table below are disclosed at 100% of the operating results of these affiliates.
 
Three Months Ended
December 31,
Nine Months Ended
December 31,
in millions2025202420252024
Net sales$426 $371 $1,299 $1,171 
Costs and expenses related to net sales436 365 1,293 1,145 
Income tax (benefit) provision
(3)(1)
Net (loss) income
$(7)$$$20 
Purchases of tolling services from Alunorf$74 $72 $234 $224 
Period-end account balances with non-consolidated affiliates, shown as related party balances
The following table describes related party balances in the accompanying condensed consolidated balance sheets. We had no other material related party balances with non-consolidated affiliates.
in millionsDecember 31,
2025
March 31,
2025
Accounts receivable, net — related parties
$176 $136 
Other long-term assets — related parties
Accounts payable — related parties
325 275