v3.26.1
Leases (Tables)
 12 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease Expense Components
Lease expense components are as follows:
Fiscal Year Ended March 31,
(in millions)202620252024
Operating lease cost$59 $39 $34 
Finance lease cost:
Amortization of right-of-use assets$27 $13 $5 
Interest on lease liabilities3 1 — 
Total finance lease cost$30 $14 $5 
Schedule of Cash Flow, Supplemental Disclosures
Supplemental disclosures of cash flow information related to leases are as follows:
Fiscal Year Ended March 31,
(in millions)202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases$(44)$(37)$(35)
Operating cash flows used for finance leases$3 $1 $— 
Financing cash flows used for finance leases$(26)$(23)$(10)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$98 $146 $28 
Finance leases$56 $33 $21 
Cash paid for income taxes (net of refunds received) by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the fiscal year ended March 31, 2026 is as follows:
Fiscal Year Ended March 31,
(in millions)2026
United Kingdom$— 
Foreign
China81 
Taiwan51 
South Korea30 
United States17 
Singapore18 
India12 
Other14 
Total cash paid for income taxes$223 
Schedule Of Balance Sheet Supplemental Disclosures
Supplemental balance sheet information related to leases are as follows:
As of
(in millions, except lease term and discount rate)March 31, 2026March 31, 2025
Operating leases
Operating lease right-of-use assets$379 $320 
Operating lease liabilities$39 $30 
Non-current portion of operating lease liabilities$393 $316 
Total operating lease liabilities$432 $346 
Finance leases
Finance lease right-of-use assets, net$69 $40 
Other current liabilities$25 $10 
Other non-current liabilities$34 $15 
Total finance lease liabilities$59 $25 
Weighted Average Remaining Lease Term (in years)
Operating leases12.0513.76
Finance leases2.843.39
Weighted Average Discount Rate
Operating leases4.32 %4.23 %
Finance leases5.07 %5.43 %
Schedule of Operating Lease Liability Maturity
Maturity of lease liabilities as of March 31, 2026 is as follows (in millions):
Fiscal YearOperating LeasesFinance Leases
2027$50 $26 
202856 21 
202957 15 
203052 — 
203148 — 
Thereafter286 — 
Total lease payments549 62 
Less imputed interest(117)(3)
Total$432 $59 
Less: current portion of lease liabilities(39)(25)
Non-current portion of lease liabilities$393 $34 
Schedule of Operating Lease Liability Maturity
Maturity of lease liabilities as of March 31, 2026 is as follows (in millions):
Fiscal YearOperating LeasesFinance Leases
2027$50 $26 
202856 21 
202957 15 
203052 — 
203148 — 
Thereafter286 — 
Total lease payments549 62 
Less imputed interest(117)(3)
Total$432 $59 
Less: current portion of lease liabilities(39)(25)
Non-current portion of lease liabilities$393 $34