Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Long-term Purchase Agreements

Minimum purchase commitments as of December 31, 2020 were as follows:

Fiscal year	Minimum Purchase Commitment (1)
(in millions)
Remainder of 2021	$	1,339
2022	1,093
2023	817
2024	227
Total	$	3,476

(1)A portion of the minimum purchase commitments for fiscal 2021 relates to the amounts committed under the HPE preferred vendor agreements.

Schedule of Expiration of Financial Guarantees and Stand-by Letters of Credit Outstanding

The following table summarizes the expiration of the Company’s financial guarantees and stand-by letters of credit outstanding as of December 31, 2020:

(in millions)	Remainder of Fiscal 2021		Fiscal 2022		Fiscal 2023 and Thereafter		Totals
Surety bonds	$	14	$	93	$	87	$	194
Letters of credit	37		147		527		711
Stand-by letters of credit	36		41		31		108
Totals	$	87	$	281	$	645	$	1,013