Other (Income) Expenses, Net (Tables)

9 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

Other (income) expenses, net consists of the following.

	Three Months Ended December 31,				Nine Months Ended December 31,
in millions	2023		2022		2023		2022
Currency losses, net(1)	$	7	$	7	$	12	$	18
Unrealized (gains) losses on change in fair value of derivative instruments, net(2)	(15)		1		4		(20)
Realized (gains) losses on change in fair value of derivative instruments, net(2)	(2)		4		(51)		71
Loss on sale or disposal of assets, net	4		—		4		1
Loss on Brazilian tax litigation, net(3)	—		1		—		1
Interest income	(6)		(6)		(17)		(14)
Non-operating net periodic benefit cost(4)	(1)		—		(4)		(1)
Other, net	7		—		17		11
Other (income) expenses, net	$	(6)	$	7	$	(35)	$	67

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(1)Includes losses recognized on balance sheet remeasurement currency exchange contracts, net. See Note 8 – Currency Losses (Gains) for further details.

(2)See Note 9 – Financial Instruments and Commodity Contracts for further details.

(3)See Note 14 – Commitments and Contingencies for further details.

(4)Represents net periodic benefit cost, exclusive of service cost for the Company's pension and other post-retirement plans. For further details, refer to Note 7 – Postretirement Benefit Plans.