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Sale of Receivables (Tables)
 9 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Summary of Transfer of Assets Accounted for as Sales, Deferred Purchase Price
The following table is a reconciliation of the beginning and ending balances of the DPP:
(in millions)
 
As of and for the Three Months Ended
 
As of and for the Nine Months Ended
 
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
Beginning balance
 
$
540

 
$
574

 
$
233

    Transfers of receivables
 
1,199

 
1,214

 
4,175

Collections
 
(1,215
)
 
(1,265
)
 
(3,115
)
Change in funding availability
 
74

 
2

 
(236
)
Facility amendments
 
—

 
(525
)
 
(457
)
Fair value adjustment
 
—

 
—

 
(2
)
Ending balance
 
$
598

 
$
—

 
$
598



The following table is a reconciliation of the beginning and ending balances of the DPP:
(in millions)
 
As of December 31, 2019
Beginning balance
 
$
—

Transfers of receivables
 
534

Collections
 
(427
)
Change in funding availability
 
13

Ending balance
 
$
120


The following table reflects activity of the Federal Receivables Sales Facility, prior to the Separation:
(in millions)
 
As of and for the
Nine Months Ended
December 31, 2018(1)
Transfers of receivables
 
$
464

Collections
 
$
521

Operating cash flow effect
 
$
(57
)

        

(1) Results for the nine months ended December 31, 2018 reflect operations through the Separation date of May 31, 2018, not the full nine-month period.