Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment, net consists of the following.


	March 31,
in millions	2026		2025
Land and property rights	$	238	$	224
Buildings	2,293		2,268
Machinery and equipment(1)	7,074		6,697
Gross property, plant and equipment (excluding construction in progress)	9,605		9,189
Accumulated depreciation and amortization	(5,140)		(4,726)
Property, plant and equipment, net (excluding construction in progress)	4,465		4,463
Construction in progress	4,346		2,388
Property, plant and equipment, net(2)	$	8,811	$	6,851

_________________________

(1)In addition to equipment under finance leases, machinery and equipment also includes furniture, fixtures, and equipment.

(2)Included in property, plant and equipment, net are $35 million and $16 million of finance leases as of March 31, 2026 and 2025, respectively. This balance of finance leases represents gross finance leases of $66 million, net of accumulated amortization of $31 million, and $42 million, net of accumulated amortization of $26 million, as of March 31, 2026 and 2025, respectively. Of the $66 million and $42 million of gross finance leases as of March 31, 2026 and 2025, $64 million and $40 million were included in machinery and equipment, respectively.

Schedule of depreciation expense

Depreciation expense related to property, plant and equipment, net is shown in the table below.


in millions	Fiscal 2026		Fiscal 2025		Fiscal 2024
Depreciation expense related to property, plant and equipment, net included in depreciation and amortization	$	534	$	492	$	481