PROPERTY AND EQUIPMENT |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PROPERTY AND EQUIPMENT | NOTE 8. PROPERTY AND EQUIPMENT The following table presents the balances of property and equipment by type:
The unpaid property and equipment balance included in accounts payable and accrued expenses was $118 million and $45 million at March 31, 2026 and 2025, respectively. Depreciation of property and equipment was $733 million, $618 million, and $801 million for the years ended March 31, 2026, 2025 and 2024, respectively. The balance of information technology equipment includes $80 million of fiscal year 2026 purchases that were settled using previously issued vendor credits. Additionally, as part of the site-rationalization program, the Company recognized $8 million, and $21 million of accelerated depreciation related to ceasing to use certain owned fixed assets for the years ended March 31, 2025 and 2024, respectively. Refer to Note 18 – Workforce Rebalancing and Site-Rationalization Charges for additional details. |
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