Stockholders' Equity (Tables)

9 Months Ended

Dec. 31, 2021

Equity [Abstract]

Class of Treasury Stock

The details of shares repurchased during the nine months ended December 31, 2021 are shown below:

	Fiscal 2022
Fiscal Period	Number of Shares Repurchased	Average Price Per Share		Amount (in millions)
1st Quarter	1,750,000	$	38.52	$	67
2nd Quarter	2,112,212	$	39.10	83
3rd Quarter	6,755,555	$	31.48	213
Total	10,617,767	$	34.15	$	363

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table shows the changes in accumulated other comprehensive income (loss), net of taxes:

(in millions)	Foreign Currency Translation Adjustments		Cash Flow Hedges		Pension and Other Post-retirement Benefit Plans		Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2021	$	(554)	$	(1)	$	253	$	(302)
Other comprehensive income before reclassifications	—		12		—		12
Amounts reclassified from accumulated other comprehensive loss(1)	(86)		(3)		(6)		(95)
Balance at December 31, 2021	$	(640)	$	8	$	247	$	(385)

(1)Includes net cumulative foreign currency translation losses of $86 million upon sale of foreign entities primarily related to the HPS business divestiture. See Note 4 – “Divestitures” for additional information.

(in millions)	Foreign Currency Translation Adjustments		Cash Flow Hedges		Available-for-sale Securities		Pension and Other Post-retirement Benefit Plans		Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2020	$	(851)	$	(20)	$	9	$	259	$	(603)
Other comprehensive income (loss) before reclassifications	197		12		(6)		—		203
Amounts reclassified from accumulated other comprehensive income (loss)	—		6		—		(13)		(7)
Balance at December 31, 2020	$	(654)	$	(2)	$	3	$	246	$	(407)