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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2024   167,402,268        
Beginning of period at Mar. 31, 2024 $ 1,047 $ 2 $ (2,278) $ 909 $ 2,404 $ 10
Treasury stock (in shares) at Mar. 31, 2024     (37,759,145)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   483,438        
Issuance of common stock 25     25    
Stock options exercised (in shares)   97,925        
Stock options exercised 5     5    
Repurchase of common stock (in shares)   (3,000,000.0) (3,121,921) [1]      
Repurchase of common stock (474) [1] $ (454) $ (474) [1]      
Net income 742       742  
Other comprehensive income (loss), net of tax (7)         (7)
Dividends paid (199)       (199)  
Stock-based compensation expense 71     71    
End of period (in shares) at Dec. 31, 2024   167,983,631        
End of period at Dec. 31, 2024 1,210 $ 2 $ (2,752) 1,010 2,947 3
Treasury stock (in shares) at Dec. 31, 2024     (40,881,066)      
Beginning of period (in shares) at Sep. 30, 2024   167,841,004        
Beginning of period at Sep. 30, 2024 1,201 $ 2 $ (2,602) 975 2,826 0
Treasury stock (in shares) at Sep. 30, 2024     (39,939,116)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   134,666        
Issuance of common stock 9     9    
Stock options exercised (in shares)   7,961        
Stock options exercised 1     1    
Repurchase of common stock (in shares)   (900,000) (941,950) [2]      
Repurchase of common stock (150) [2] $ (145) $ (150) [2]      
Net income 187       187  
Other comprehensive income (loss), net of tax 3         3
Dividends paid (66)       (66)  
Stock-based compensation expense 25     25    
End of period (in shares) at Dec. 31, 2024   167,983,631        
End of period at Dec. 31, 2024 $ 1,210 $ 2 $ (2,752) 1,010 2,947 3
Treasury stock (in shares) at Dec. 31, 2024     (40,881,066)      
Beginning of period (in shares) at Mar. 31, 2025 124,879,004 168,522,544        
Beginning of period at Mar. 31, 2025 $ 1,003 $ 2 $ (3,082) 1,042 3,070 (29)
Treasury stock (in shares) at Mar. 31, 2025 (43,643,540)   (43,643,540)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   592,965        
Issuance of common stock $ 25     25    
Stock options exercised (in shares)   158,957        
Stock options exercised 10     10    
Repurchase of common stock (in shares)   (4,700,000) (4,766,982) [3]      
Repurchase of common stock (504) [3] $ (486) $ (504) [3]      
Net income 646       646  
Other comprehensive income (loss), net of tax (2)         (2)
Dividends paid (205)       (205)  
Stock-based compensation expense $ 52     52    
End of period (in shares) at Dec. 31, 2025 120,863,944 169,274,466        
End of period at Dec. 31, 2025 $ 1,025 $ 2 $ (3,586) 1,129 3,511 (31)
Treasury stock (in shares) at Dec. 31, 2025 (48,410,522)   (48,410,522)      
Beginning of period (in shares) at Sep. 30, 2025   169,111,128        
Beginning of period at Sep. 30, 2025 $ 996 $ 2 $ (3,459) 1,105 3,378 (30)
Treasury stock (in shares) at Sep. 30, 2025     (47,085,814)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock (in shares)   134,034        
Issuance of common stock 7     7    
Stock options exercised (in shares)   29,304        
Stock options exercised 1     1    
Repurchase of common stock (in shares)   (1,300,000) (1,324,708) [4]      
Repurchase of common stock (127) [4] $ (125) $ (127) [4]      
Net income 200       200  
Other comprehensive income (loss), net of tax (1)         (1)
Dividends paid (67)       (67)  
Stock-based compensation expense $ 16     16    
End of period (in shares) at Dec. 31, 2025 120,863,944 169,274,466        
End of period at Dec. 31, 2025 $ 1,025 $ 2 $ (3,586) $ 1,129 $ 3,511 $ (31)
Treasury stock (in shares) at Dec. 31, 2025 (48,410,522)   (48,410,522)      
[1] During the nine months ended December 31, 2024, the Company purchased 3.0 million shares of the Company’s Class A Common Stock for $454 million. Additionally, the Company’s repurchase of common stock for the nine months ended December 31, 2024 includes $17 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the three months ended December 31, 2024, the Company purchased 0.9 million shares of the Company’s Class A Common Stock for $145 million. Additionally, the Company’s repurchase of common stock for the three months ended December 31, 2024 includes $4 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[3] During the nine months ended December 31, 2025, the Company purchased 4.7 million shares of the Company’s Class A Common Stock for $486 million. Additionally, the Company’s repurchase of common stock for the nine months ended December 31, 2025 includes $18 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[4] During the three months ended December 31, 2025, the Company purchased 1.3 million shares of the Company’s Class A Common Stock for $125 million. Additionally, the Company’s repurchase of common stock for the three months ended December 31, 2025 includes $2 million to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.