Derivative Instruments (Tables)

9 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Not Designated For Hedge Accounting

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

		For the Three Months Ended				For the Nine Months Ended
(in millions)	Statement of Operations Line Item	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
Foreign currency forward contracts	Other expense (income), net	$	(9)	$	16	$	39	$	74

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	December 31, 2021		March 31, 2021
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Other current assets	$	17	$	9
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Other current assets	$	10	$	3

	Derivative Liabilities
		As of
(in millions)	Balance Sheet Line Item	December 31, 2021		March 31, 2021
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	1	$	5
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	5	$	3