Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Dec. 31, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 787	$ 1,498
Accounts receivable, net
Inventories	2,677	2,729
Prepaid expenses and other current assets	160	178
Fair value of derivative instruments	136	145
Assets held for sale	1	3
Total current assets	5,856	6,460
Property, plant and equipment, net	5,498	4,900
Goodwill	1,076	1,076
Intangible assets, net	558	589
Investment in and advances to non-consolidated affiliates	918	877
Deferred income tax assets	145	166
Other long-term assets
Total assets	14,331	14,364
Current liabilities:
Current portion of long-term debt	31	88
Short-term borrowings	552	671
Accounts payable
Fair value of derivative instruments	173	130
Accrued expenses and other current liabilities	650	633
Total current liabilities	4,457	4,899
Long-term debt, net of current portion	4,883	4,881
Deferred income tax liabilities	263	288
Accrued postretirement benefits	540	554
Other long-term liabilities	302	288
Total liabilities	10,445	10,910
Commitments and contingencies
Shareholder's equity:
Common stock, no par value; Unlimited number of shares authorized; 1,100 shares issued and outstanding as of December 31, 2023, and March 31, 2023	0	0
Additional paid-in capital	1,208	1,208
Retained earnings	2,906	2,472
Accumulated other comprehensive loss	(239)	(238)
Total equity of our common shareholder	3,875	3,442
Noncontrolling interests	11	12
Total equity	3,886	3,454
Total liabilities and equity	14,331	14,364
Third Party
Accounts receivable, net
— third parties (net of allowance for credit losses of $7 and $5 as of December 31, 2023, and March 31, 2023, respectively)	1,973	1,751
Other long-term assets
Other long-term assets	277	293
Accounts payable
— third parties	2,785	3,100
Related Party
Accounts receivable, net
— third parties (net of allowance for credit losses of $7 and $5 as of December 31, 2023, and March 31, 2023, respectively)	122	156
Other long-term assets
Other long-term assets	3	3
Accounts payable
— third parties	$ 266	$ 277