Property, Plant and Equipment (Tables)

12 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

“Property, plant and equipment, net” consists of the following (in millions).

	March 31,
	2017			2016
Land and property rights	$	173		$	179
Buildings	1,309			1,325
Machinery and equipment	4,312			4,265
	5,794			5,769
Accumulated depreciation and amortization	(2,575		)	(2,398		)
	3,219			3,371
Construction in progress	138			135
Property, plant and equipment, net	$	3,357		$	3,506

Schedule of depreciation expense

Depreciation expense related to property, plant, and equipment, net is shown in the table below (in millions).

	Year Ended March 31,
	2017		2016		2015
Depreciation expense related to property, plant and equipment, net	$	299	$	294	$	294

Schedule of rent expense

The following table summarizes rent expense included in our consolidated statements of operations (in millions):

	Year Ended March 31,
	2017		2016		2015
Rent expense	$	24	$	22	$	22

Schedule of future minimum lease payments for operating and capital leases

Future minimum lease payments as of March 31, 2017, for our operating and capital leases having an initial or remaining non-cancelable lease term in excess of one year are as follows (in millions).

Year Ending March 31,	Operating leases		Capital lease obligations
2018	$	30	$	9
2019	21		7
2020	18		5
2021	15		—
2022	11		—
Thereafter	33		—
Total minimum lease payments	$	128	$	21
Less: interest portion on capital lease			2
Principal obligation on capital leases			$	19

Schedule of capital leased assets

Assets and related accumulated amortization under capital lease obligations as of March 31, 2017 and 2016 are as follows (in millions).

	March 31,
	2017			2016
Assets under capital lease obligations:
Buildings	$	11		$	11
Machinery and equipment	73			77
CWIP	2			—
	86			88
Accumulated amortization	(70		)	(70		)
	$	16		$	18