As of June 30, 2026 and March 31, 2026, our assets and liabilities that were measured and recorded at fair value on a recurring basis were as follows (in millions):


			Fair Value Measurements at Reporting Date Using
	As of June 30, 2026		Quoted Prices in Active Markets for Identical Financial Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Balance Sheet Classification
			(Level 1)		(Level 2)		(Level 3)
Assets
Bank and time deposits	$	32	$	32	$	—	$	—	Cash equivalents
Money market funds	351		351		—		—		Cash equivalents
Available-for-sale securities:
Corporate bonds	60		—		60		—		Short-term investments and cash equivalents
U.S. Treasury securities	32		32		—		—		Short-term investments
U.S. agency securities	2		—		2		—		Short-term investments

Foreign government securities	3		—		3		—		Short-term investments
Asset-backed securities	21		—		21		—		Short-term investments

Foreign currency derivatives	50		—		50		—		Other current assets and other assets
Deferred compensation plan assets (a)	50		50		—		—		Other assets
Total assets at fair value	$	601	$	465	$	136	$	—
Liabilities
Foreign currency derivatives	$	25	$	—	$	25	$	—	Accounts payable, accrued, and other current liabilities and other liabilities
Deferred compensation plan liabilities (a)	50		50		—		—		Other liabilities
Total liabilities at fair value	$	75	$	50	$	25	$	—


			Fair Value Measurements at Reporting Date Using
	As of March 31, 2026		Quoted Prices in Active Markets for Identical Financial Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Balance Sheet Classification
			(Level 1)		(Level 2)		(Level 3)
Assets
Bank and time deposits	$	33	$	33	$	—	$	—	Cash equivalents
Money market funds	502		502		—		—		Cash equivalents
Available-for-sale securities:
Corporate bonds	52		—		52		—		Short-term investments
U.S. Treasury securities	33		33		—		—		Short-term investments
U.S. agency securities	2		—		2		—		Short-term investments

Foreign government securities	5		—		5		—		Short-term investments
Asset-backed securities	24		—		24		—		Short-term investments

Foreign currency derivatives	35		—		35		—		Other current assets and other assets
Deferred compensation plan assets (a)	46		46		—		—		Other assets
Total assets at fair value	$	732	$	614	$	118	$	—
Liabilities
Foreign currency derivatives	$	25	$	—	$	25	$	—	Accounts payable, accrued, and other current liabilities and other liabilities
Deferred compensation plan liabilities (a)	46		46		—		—		Other liabilities
Total liabilities at fair value	$	71	$	46	$	25	$	—