Fair Value (Tables)

12 Months Ended

Mar. 31, 2020

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis, excluding pension assets and derivative assets and liabilities. See Note 14 - "Pension and Other Benefit Plans" and Note 8 - "Derivative Instruments" for information about the fair value of our pension assets and derivative assets and liabilities, respectively. There were no transfers between any of the levels during the periods presented.



			Fair Value Hierarchy
(in millions)	As of March 31, 2020
Assets:	Fair Value		Level 1		Level 2		Level 3
Money market funds and money market deposit accounts	$	156	$	156	$	—	$	—
Time deposits⁽¹⁾	595		595		—		—
Other debt securities⁽²⁾	51		—		48		3
Deferred purchase price receivable	103		—		—		103
Total assets	$	905	$	751	$	48	$	106

Liabilities:
Contingent consideration	$	46	$	—	$	—	$	46
Total liabilities	$	46	$	—	$	—	$	46



	As of March 31, 2019
Assets:	Fair Value		Level 1		Level 2		Level 3
Money market funds and money market deposit accounts	$	6	$	6	$	—	$	—
Time deposits⁽¹⁾	194		194		—		—
Other debt securities⁽²⁾	53		—		49		4
Deferred purchase price receivable	574		—		—		574
Total assets	$	827	$	200	$	49	$	578

Liabilities:
Contingent consideration	$	41	$	—	$	—	$	41
Total Liabilities	$	41	$	—	$	—	$	41

⁽¹⁾Cost basis approximated fair value due to the short period of time to maturity.

⁽²⁾Other debt securities include available-for-sale investments with Level 2 inputs that have a cost basis of $37 million and $38 million, and unrealized gains of $11 million and $11 million, as of March 31, 2020 and March 31, 2019, respectively.