XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.3
Other Expense (Income), Net (Tables)
6 Months Ended
Sep. 30, 2024
Other Income and Expenses [Abstract]  
Schedule of other nonoperating income (expense)
Other expenses (income), net consists of the following.
 
Three Months Ended
September 30,
Six Months Ended
September 30,
in millions2024202320242023
Sierre flood
Fixed asset charges$— $— $30 $— 
Inventory charges— 12 — 
Idle fixed costs(1)
16 — 16 — 
Repairs and clean-up costs17 — 17 — 
Excess costs to fulfill customer contracts(2)
23 — 23 — 
Other— — 
Total Sierre flood61 — 101 — 
Currency losses, net(3)
Unrealized (gains) losses on change in fair value of derivative instruments, net(4)
(9)23 (16)19 
Realized losses (gains) on change in fair value of derivative instruments, net(4)
(25)32 (49)
Loss on sale or disposal of assets, net
— — 
Interest income
(5)(4)(13)(11)
Non-operating net periodic benefit cost(5)
— (2)(1)(3)
Other, net17 10 
Other expenses (income), net
$65 $(2)$125 $(29)
_________________________
(1)Idle fixed costs consist primarily of employment costs incurred during the period in which operations at the Sierre plant were halted.
(2)Excess costs to fulfill customer contracts consist of freight costs incurred to reroute material to fulfill customer contracts.
(3)Includes losses recognized on balance sheet remeasurement currency exchange contracts, net. See Note 9 – Currency Losses (Gains) for further details.
(5)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 8 – Postretirement Benefit Plans.