Derivative Instruments (Tables)

12 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Forward Contracts

The following table presents the pretax amounts impacting income related to designated and non-designated foreign currency forward contracts:

		Fiscal Years Ended
(in millions)	Statement of Operations Line Item	March 31, 2021		March 31, 2020		March 31, 2019
Foreign currency forward contracts	Other expense (income), net	$	51	$	(37)	$	16

Schedule of Derivative Instruments

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	March 31, 2021		March 31, 2020
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Other current assets	9		—
Total fair value of derivatives designated for hedge accounting		$	9	$	—
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Other current assets	$	3	$	16
Total fair value of derivatives not designated for hedge accounting		$	3	$	16

	Derivative Liabilities
		As of
(in millions)	Balance Sheet Line Item	March 31, 2021		March 31, 2020
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	5	$	20
Total fair value of derivatives designated for hedge accounting:		$	5	$	20
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	3	$	12
Total fair value of derivatives not designated for hedge accounting		$	3	$	12