v3.25.4
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Dec. 31, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 825 $ 1,036
Accounts receivable, net    
Inventories 3,703 3,054
Prepaid expenses and other current assets 302 234
Fair value of derivative instruments 109 176
Assets held for sale 19 6
Total current assets 7,151 6,715
Property, plant and equipment, net 8,118 6,851
Goodwill 1,080 1,074
Intangible assets, net 458 509
Investment in and advances to non-consolidated affiliates 981 912
Deferred income tax assets 166 188
Other long-term assets    
Total assets 18,246 16,515
Current liabilities:    
Current portion of long-term debt 52 32
Short-term borrowings 592 348
Accounts payable    
Fair value of derivative instruments 378 106
Liabilities held for sale 13 0
Accrued expenses and other current liabilities 704 666
Total current liabilities 5,612 5,114
Long-term debt, net of current portion 6,317 5,773
Deferred income tax liabilities 189 295
Accrued postretirement benefits 523 534
Other long-term liabilities 298 284
Total liabilities 12,939 12,000
Commitments and contingencies
Shareholder's equity:    
Common stock, no par value; Unlimited number of shares authorized; 605,000,000 and 600,000,000 shares issued and outstanding as of December 31, 2025, and March 31, 2025, respectively 0 0
Additional paid-in capital 1,823 1,108
Retained earnings 3,854 3,755
Accumulated other comprehensive loss (385) (358)
Total equity of our common shareholder 5,292 4,505
Noncontrolling interests 15 10
Total equity 5,307 4,515
Total liabilities and equity 18,246 16,515
Third Party    
Accounts receivable, net    
Parties 2,017 2,073
Other long-term assets    
Parties 287 263
Accounts payable    
Parties 3,548 3,687
Related Party    
Accounts receivable, net    
Parties 176 136
Other long-term assets    
Parties 5 3
Accounts payable    
Parties $ 325 $ 275