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Equity Investments (Tables)
 6 Months Ended
Sep. 30, 2024
Investments, All Other Investments [Abstract]  
Schedule of Equity Investments
A summary of the components of equity investments is as follows:
As of
(in millions)September 30, 2024March 31, 2024
Equity method investments under fair value option$561 $573 
Equity investment in publicly listed company84 — 
Equity method investments under equity method11 11 
Non-marketable equity securities140 157 
Total equity investments$796 $741 
Income (loss) from equity investments, net is as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2024202320242023
Equity investment in publicly listed company$2 $— $29 $— 
Equity method investments (1)
(12)(4)(12)(14)
Non-marketable equity securities (includes NAV)— (1)(3)2 
Total income (loss) from equity investments, net$(10)$(5)$14 $(12)
(1)Includes equity method investments where the Company elected the fair value option, including those under the net asset value (“NAV”) practical expedient, along with investments accounted for under the equity method.
Schedule of Unrealized Gain (Loss) on Investments
The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2024202320242023
Observable price adjustments on non-marketable equity securities (includes NAV)$— $(1)$(2)$2 
Impairment of non-marketable equity securities — — (1)— 
Total income (loss) from equity investments in non-marketable securities, net $— $(1)$(3)$2 
Schedule of Realized Gain (Loss) on Investments
The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2024202320242023
Observable price adjustments on non-marketable equity securities (includes NAV)$— $(1)$(2)$2 
Impairment of non-marketable equity securities — — (1)— 
Total income (loss) from equity investments in non-marketable securities, net $— $(1)$(3)$2