Accounts Receivable

12 Months Ended

Mar. 31, 2015

Receivables [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

“Accounts receivable, net” consists of the following (in millions).

	March 31,
	2015			2014
Trade accounts receivable	$	1,158		$	1,303
Other accounts receivable	134			83
Accounts receivable — third parties	1,292			1,386
Allowance for doubtful accounts — third parties	(3		)	(4		)
Accounts receivable, net — third parties	$	1,289		$	1,382
Accounts receivable, net — related parties	$	53		$	54

Allowance for Doubtful Accounts

As of March 31, 2015 and 2014, our allowance for doubtful accounts represented approximately 0.2% and 0.3%, respectively, of gross accounts receivable.

Activity in the allowance for doubtful accounts is as follows (in millions).

	Balance at Beginning of Period		Additions Charged to Expense		Accounts Recovered/ (Written- Off)			Foreign Exchange and Other			Balance at End of  Period
Year Ended March 31, 2015	$	4	$	—	$	—		$	(1	)	$	3
Year Ended March 31, 2014	$	3	$	2	$	(1	)	$	—		$	4
Year Ended March 31, 2013	$	5	$	2	$	(4	)	$	—		$	3

Factoring of Trade Receivables

We factor and forfait trade receivables (collectively, we refer to these as "factoring" programs) based on local cash needs including the need to fund our strategic investments, as well as attempting to balance the timing of cash flows of trade payables and receivables and fund other business needs. Factored invoices are not included in our consolidated balance sheets when we do not retain a financial or legal interest. If a financial or legal interest is retained, we classify these factorings as secured borrowings.

The following tables summarize amounts relating to our factoring activities (in millions).

	Year Ended March 31,
	2015		2014		2013
Aggregated receivables factored	$	1,796	$	1,081	$	464
Factoring expense	$	10	$	5	$	2

	March 31,
	2015		2014
Factored receivables outstanding	$	591	$	245