Derivative Instruments (Tables)

3 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Not Designated For Hedge Accounting

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

		For the Three Months Ended
(in millions)	Statement of Operations Line Item	June 30, 2022		June 30, 2021
Foreign currency forward contracts	Other income (expense), net	$	38	$	(35)

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	June 30, 2022		March 31, 2022
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Other current assets	$	20	$	18
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Other current assets	$	25	$	9

	Derivative Liabilities
		As of
(in millions)	Balance Sheet Line Item	June 30, 2022		March 31, 2022
Derivatives designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	5	$	—
Derivatives not designated for hedge accounting:
Foreign currency forward contracts	Accrued expenses and other current liabilities	$	16	$	15