v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net income $ 880 $ 838 $ 1,245
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 457 439 431
Amortization and other impairment charges    106 100 106
Other non-cash income 80 3 (16)
Non-cash lease expense 148 142 139
Stock-based compensation 142 125 152
Deferred income taxes 1 23 (480)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (979) (601) 380
Contract assets (435) (365) (41)
Inventories (742) 1,176 1,105
Other current and noncurrent assets (1,169) (216) (297)
Accounts payable 2,858 630 (986)
Other current and noncurrent liabilities 338 (789) (412)
Net cash provided by operating activities 1,685 1,505 1,326
Cash flows from investing activities:      
Purchases of property and equipment (633) (438) (530)
Proceeds from the disposition of property and equipment           8 15 25
Acquisitions of businesses, net of cash acquired (40) (405) 0
Proceeds from divestiture of businesses, net of cash held in divested businesses (4) (21) 12
Other investing activities, net (3) 11 1
Net cash used in investing activities (672) (838) (492)
Cash flows from financing activities:      
Proceeds from bank borrowings and long-term debt 1,251 499 2
Repayments of bank borrowings and long-term debt (1,217) (58) (409)
Payments for repurchases of ordinary shares (944) (1,257) (1,298)
Proceeds from issuances of Nextracker shares 0 0 552
Payment for purchase of Nextracker LLC units from TPG 0 0 (57)
Capital reduction from Nextracker spin-off 0 0 (368)
Other financing activities, net (14) (5) (78)
Net cash (used in) provided by financing activities (924) (821) (1,656)
Effect of exchange rates on cash 11 (31) 2
Net (decrease) increase in cash and cash equivalents 100 (185) (820)
Cash and cash equivalents, beginning of year 2,289 2,474 3,294
Cash and cash equivalents, end of year $ 2,389 $ 2,289 $ 2,474