Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Jun. 30, 2026

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30, 2026 and 2025 are as follows (in millions):


	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2026	$	—	$	(12)	$	(90)	$	(102)
Other comprehensive income (loss) before reclassifications	—		9		(5)		4
Amounts reclassified from accumulated other comprehensive income (loss)	—		16		—		16
Total other comprehensive income (loss), net of tax	—		25		(5)		20
Balances as of June 30, 2026	$	—	$	13	$	(95)	$	(82)


	Unrealized Net Gains (Losses) on Available-for-Sale Securities		Unrealized Net Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments		Total
Balances as of March 31, 2025	$	—	$	11	$	(98)	$	(87)
Other comprehensive income (loss) before reclassifications	—		(90)		18		(72)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(3)		—		(3)
Total other comprehensive income (loss), net of tax	—		(93)		18		(75)
Balances as of June 30, 2025	$	—	$	(82)	$	(80)	$	(162)

Reclassification out of Accumulated Other Comprehensive Income (Loss)

The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2026 and 2025 were as follows (in millions):


	Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
	Three Months Ended June 30,
Statement of Operations Classification	2026		2025




(Gains) losses on foreign currency forward contracts designated as cash flow hedges
Net revenue	$	17	$	(3)
Research and development	(1)		—






Total net (gain) loss reclassified, net of tax	$	16	$	(3)