v3.26.1
TAXES - Tax Effects of Temporary Differences of Deferred Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Deferred tax assets    
Retirement benefits $ 103 $ 106
Leases 253 253
Stock-based and other compensation 45 75
U.S. tax loss/credit carryforwards 676 520
Deferred income 58 38
Foreign tax loss/credit carryforwards 29 75
Allowance for credit losses 4 9
Goodwill and intangible assets 49 61
Workforce rebalancing charges 2 8
Limitation on deductibility of interest 106 88
Accruals 109 99
Other 24 52
Gross deferred tax assets 1,458 1,384
Less: valuation allowance (782) (749)
Net deferred tax assets 676 634
Deferred tax liabilities    
Fixed assets and depreciation 125 97
Leases and right-of-use assets 255 242
Undistributed foreign earnings 7 5
Deferred transition costs 127 121
Prepaids 3 2
Other 3 15
Gross deferred tax liabilities 520 482
Domestic net operating loss deferred tax assets 676 520
Foreign net operating loss deferred tax assets 29 $ 75
Increase (decrease) to valuation allowance $ 33