Accumulated Other Comprehensive Income (Loss) (Tables)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the fiscal years ended March 31, 2026, 2025, and 2024 are as follows (in millions):


	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2023	$	(1)	$	13	$	(79)	$	(67)
Other comprehensive income (loss) before reclassifications	1		45		(3)		43
Amounts reclassified from accumulated other comprehensive income (loss)	—		(48)		—		(48)
Total other comprehensive income (loss), net of tax	1		(3)		(3)		(5)
Balances as of March 31, 2024	$	—	$	10	$	(82)	$	(72)
Other comprehensive income (loss) before reclassifications	—		8		(16)		(8)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(7)		—		(7)
Total other comprehensive income (loss), net of tax	—		1		(16)		(15)
Balances as of March 31, 2025	$	—	$	11	$	(98)	$	(87)
Other comprehensive income (loss) before reclassifications	—		(59)		8		(51)
Amounts reclassified from accumulated other comprehensive income (loss)	—		36		—		36
Total other comprehensive income (loss), net of tax	—		(23)		8		(15)
Balances as of March 31, 2026	$	—	$	(12)	$	(90)	$	(102)

The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the fiscal years ended March 31, 2026, 2025, and 2024 were as follows (in millions):


Statement of Operations Classification	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
	Year Ended March 31,
	2026		2025		2024





(Gains) losses on foreign currency forward contracts designated as cash flow hedges
Net revenue	$	42	$	(18)	$	(56)
Research and development	(6)		11		8
Total net (gain) loss reclassified, net of tax	$	36	$	(7)	$	(48)