v3.26.1
Accounts Receivable
 12 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Accounts Receivable
3. ACCOUNTS RECEIVABLE
Accounts receivable, net consists of the following.
 March 31,
in millions20262025
Trade accounts receivable$2,330 $1,964 
Other accounts receivable215 116 
Accounts receivable — third parties2,545 2,080 
Allowance for credit losses — third parties(7)(7)
Accounts receivable, net — third parties$2,538 $2,073 
Accounts receivable, net — related parties$197 $136 
Allowance for Credit Losses
As of March 31, 2026 and 2025, our allowance for credit losses represented approximately 0.3% of gross accounts receivable — third parties.
Activity in the allowance for credit losses is as follows.
in millionsBalance at Beginning of PeriodAdditions Charged to ExpenseAccounts Recovered/(Written-Off)Foreign Exchange and OtherBalance at End of Period
Fiscal 2026
$7 $— $(1)$1 $7 
Fiscal 2025
7 — — — 7 
Fiscal 2024
5 2 — — 7 
Factoring of Trade Receivables
We factor trade receivables based on local cash needs and in an attempt to balance the timing of cash flows of trade payables and receivables. Factored invoices are not included in our consolidated balance sheets when we do not retain a financial or legal interest. If a financial or legal interest is retained, we classify these factorings as secured borrowings.
The following tables summarize amounts relating to our factoring activities.
in millions
Fiscal 2026
Fiscal 2025
Fiscal 2024
Factoring expense(1)
$73 $85 $96 
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(1)Factoring expense is included within selling, general and administrative expenses in our accompanying statements of operations.