FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

12 Months Ended

Mar. 31, 2026

The following table presents the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 and 2025:


	Fair Value Measurements as of March 31, 2026
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Money market funds and time deposits (Note 2)	$	—	$	1,644	$	—	$	1,644
Foreign currency contracts (Note 10)	—		55		—		55
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities	35		13		—		48
Liabilities:
Foreign currency contracts (Note 10)	$	—	$	(73)	$	—	$	(73)
Contingent consideration in connection with acquisitions	—		—		(2)		(2)


	Fair Value Measurements as of March 31, 2025
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Money market funds and time deposits (Note 2)	$	—	$	1,535	$	—	$	1,535
Foreign currency contracts (Note 10)	—		34		—		34
Deferred compensation plan assets:
Mutual funds, money market accounts and equity securities	—		43		—		43
Liabilities:
Foreign currency contracts (Note 10)	$	—	$	(79)	$	—	$	(79)
Contingent consideration in connection with acquisitions	—		—		(5)		(5)

The following table presents the Company's major debts not carried at fair value as of March 31, 2026 and 2025:


	As of March 31, 2026				As of March 31, 2025
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In millions)				(In millions)

4.750% Notes due June 2025	$	—	$	—	$	531	$	531	Level 1
3.750% Notes due February 2026	—		—		678		672		Level 1
6.000% Notes due January 2028	398		406		398		409		Level 1
4.875% Notes due June 2029	654		655		655		651		Level 1
4.875% Notes due May 2030	671		669		676		669		Level 1
5.250% Notes due January 2032	651		651		499		497		Level 1
5.375% Notes due November 2035	598		585		—		—		Level 1
Delayed Draw Term Loan due December 2027	500		500		—		—		Level 1
3.600% HUF Bonds due December 2031	296		237		269		215		Level 2