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Derivative and Hedging Activities (Tables)
6 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Not Designated For Hedge Accounting
The following table presents the pretax amounts impacting income related to foreign currency forward contracts:
 
 
 
 
For the Three Months Ended
 
For the Six Months Ended
(in millions)
 
Statement of Operations Line Item
 
September 30, 2019
 
September 30, 2018
 
September 30, 2019
 
September 30, 2018
Foreign currency forward contracts
 
Other expense (income), net
 
$
(41
)
 
$
11

 
$
(22
)
 
$
43


Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following tables present the fair values of derivative instruments included in the balance sheets:
 
 
Derivative Assets
 
 
 
 
As of
(in millions)
 
Balance Sheet Line Item
 
September 30, 2019
 
March 31, 2019
 
 
 
 
 
 
 
Derivatives designated for hedge accounting:
 
 
Foreign currency forward contracts
 
Other current assets
 
$
7

 
$
38

Total fair value of derivatives designated for hedge accounting
 
$
7

 
$
38

 
 
 
Derivatives not designated for hedge accounting:
 
 
Foreign currency forward contracts
 
Other current assets
 
$
6

 
$
5

Total fair value of derivatives not designated for hedge accounting
 
$
6

 
$
5


 
 
Derivative Liabilities
 
 
 
 
As of
(in millions)
 
Balance Sheet Line Item
 
September 30, 2019
 
March 31, 2019
 
 
 
 
 
 
 
Derivatives designated for hedge accounting:
 
 
 
 
Foreign currency forward contracts
 
Accrued expenses and other current liabilities
 
$
4

 
$
4

Total fair value of derivatives designated for hedge accounting:
 
$
4

 
$
4

 
 
 
 
 
 
Derivatives not designated for hedge accounting:
 
 
 
 
Foreign currency forward contracts
 
Accrued expenses and other current liabilities
 
$
2

 
$
9

Total fair value of derivatives not designated for hedge accounting
 
$
2

 
$
9