ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Mar. 31, 2026

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

The changes in accumulated other comprehensive loss by component, net of tax, during fiscal years ended March 31, 2026, 2025 and 2024 are as follows:


	Unrealized gain (loss) on derivative instruments and other		Foreign currency translation adjustments		Total
	(In millions)
Ending balance on March 31, 2023	$	(14)	$	(180)	$	(194)
Other comprehensive gain (loss) before reclassifications	95		(19)		76
Net (gain) loss reclassified from accumulated other comprehensive loss	(77)		—		(77)
Net current-period other comprehensive gain (loss)	18		(19)		(1)
Ending balance on March 31, 2024	$	4	$	(199)	$	(195)
Other comprehensive gain (loss) before reclassifications	(77)		(6)		(83)
Net (gain) loss reclassified from accumulated other comprehensive loss	54		—		54
Net current-period other comprehensive gain (loss)	(23)		(6)		(29)
Ending balance on March 31, 2025	$	(19)	$	(205)	$	(224)
Other comprehensive gain (loss) before reclassifications	97		53		150
Net (gain) loss reclassified from accumulated other comprehensive loss	(93)		—		(93)
Net current-period other comprehensive gain (loss)	4		53		57
Ending balance on March 31, 2026	$	(15)	$	(152)	$	(167)

Substantially all unrealized gains and losses relating to derivative instruments and other, reclassified from accumulated other comprehensive loss for the fiscal year 2026 were reclassified out of accumulated other comprehensive loss to other charges (income), net and cost of sales in the consolidated statement of operations, which primarily relate to the Company's foreign currency contracts accounted for as cash flow hedges.

The tax impact to other comprehensive loss was immaterial for all periods presented.