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Equity Investments (Tables)
 6 Months Ended
Sep. 30, 2025
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, 2025March 31, 2025
Equity method investments under fair value option$294 $300 
Equity investments in publicly listed companies94 98 
Equity method investments under equity method17 16 
Non-marketable equity securities151 151 
Total equity investments$556 $565 
Income (loss) from equity investments, net is as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2025202420252024
Equity investments in publicly listed companies$(12)$2 $(8)$29 
Equity method investments (1)
(4)(12)(5)(12)
Non-marketable equity securities (includes NAV)— — 1 (3)
Total income (loss) from equity investments, net$(16)$(10)$(12)$14 
(1)Includes equity method investments where the Company elected the fair value option, including those under the net asset value (“NAV”) practical expedient, along with investments accounted for under the equity method.
Schedule of Unrealized Gain (Loss) on Investments
The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2025202420252024
Observable price adjustments on non-marketable equity securities (includes NAV)$— $— $1 $(2)
Impairment of non-marketable equity securities — — — (1)
Total income (loss) from equity investments in non-marketable securities, net $— $— $1 $(3)
Schedule of Realized Gain (Loss) on Investments
The components of gains and (losses), which primarily include unrealized gains and losses on non-marketable securities inclusive of those measured under the NAV practical expedient, are as follows:
Three Months Ended September 30,Six Months Ended September 30,
(in millions)2025202420252024
Observable price adjustments on non-marketable equity securities (includes NAV)$— $— $1 $(2)
Impairment of non-marketable equity securities — — — (1)
Total income (loss) from equity investments in non-marketable securities, net $— $— $1 $(3)