v3.26.1
LEASES (Tables)
12 Months Ended
Mar. 31, 2026
LEASES  
Schedule of components of lease expense

Year Ended March 31,

(Dollars in millions)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Finance lease costs

 

$

94

$

95

$

112

Operating lease costs

 

338

331

388

Short-term lease costs

 

3

1

4

Variable lease costs

 

152

154

135

Sublease income

 

(17)

(6)

(11)

Total lease costs

 

$

569

$

576

$

629

Schedule of supplemental information relating to the cash flows arising from lease transactions

Year Ended March 31,

(Dollars in millions)

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

Cash paid for amounts included in the measurement of lease liabilities:

 

  ​

 

  ​

 

  ​

Operating cash outflows for finance leases

$

12

$

17

$

14

Financing cash outflows for finance leases

100

117

116

Operating cash outflows for operating leases

368

404

387

Right-of-use assets obtained in exchange for new finance lease liabilities

74

70

212

Right-of-use assets obtained in exchange for new operating lease liabilities

140

204

291

Schedule of weighted-average lease terms and discount rates

At March 31,

  ​ ​ ​

2026

2025

Finance leases

Weighted-average remaining lease term

 

3.8

years

4.1

years

Weighted-average discount rate

 

5.6

%

5.74

%

Operating leases

 

Weighted-average remaining lease term

 

4.5

years

4.4

years

Weighted-average discount rate

 

4.9

%

5.07

%

Schedule of maturities of the finance leases liabilities

Year Ending March 31,

Imputed

(Dollars in millions)

  ​ ​ ​

2027

  ​ ​ ​

2028

  ​ ​ ​

2029

  ​ ​ ​

2030

  ​ ​ ​

2031

  ​ ​ ​

Thereafter

  ​ ​ ​

Interest*

  ​ ​ ​

Total

Finance leases

 

$

103

$

73

$

36

$

9

$

3

$

$

30

$

194

Operating leases

 

$

324

$

235

$

187

$

117

$

60

$

109

$

166

$

867

*      Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

Schedule of maturities of the operating leases liabilities

Year Ending March 31,

Imputed

(Dollars in millions)

  ​ ​ ​

2027

  ​ ​ ​

2028

  ​ ​ ​

2029

  ​ ​ ​

2030

  ​ ​ ​

2031

  ​ ​ ​

Thereafter

  ​ ​ ​

Interest*

  ​ ​ ​

Total

Finance leases

 

$

103

$

73

$

36

$

9

$

3

$

$

30

$

194

Operating leases

 

$

324

$

235

$

187

$

117

$

60

$

109

$

166

$

867

*      Imputed interest represents the difference between undiscounted cash flows and discounted cash flows.

Schedule of finance leases recognized in the Consolidated Balance Sheet

At March 31,

(Dollars in millions)

  ​ ​ ​

2026

  ​ ​ ​

2025

Right-of-use assets – Property and equipment, net

$

265

$

297

Lease liabilities:

 

 

Current – Current portion of long-term debt and short-term debt

86

100

Noncurrent – Long-term debt

108

150

Schedule of maturities of the Company's minimum lease payments receivable from sales-type leases

Sales-Type Lease

Operating Lease

(Dollars in millions)

  ​ ​ ​

Payments Receivable

  ​ ​ ​

Minimum Future Rentals*

Year ending March 31:

2027

$

29

$

26

2028

33

27

2029

35

27

2030

33

26

2031

38

23

Thereafter

10

38

Total undiscounted cash flows (minimum lease payments)

$

177

$

167

Less: unearned income

$

22

Present value of lease payments (leases receivable)

$

156

*Excludes $18 million in minimum future rentals on non-customer operating subleases as of March 31, 2026.
Schedule of minimum future rentals on non-cancelable operating leases

Sales-Type Lease

Operating Lease

(Dollars in millions)

  ​ ​ ​

Payments Receivable

  ​ ​ ​

Minimum Future Rentals*

Year ending March 31:

2027

$

29

$

26

2028

33

27

2029

35

27

2030

33

26

2031

38

23

Thereafter

10

38

Total undiscounted cash flows (minimum lease payments)

$

177

$

167

Less: unearned income

$

22

Present value of lease payments (leases receivable)

$

156

*Excludes $18 million in minimum future rentals on non-customer operating subleases as of March 31, 2026.