XML 115 R101.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Amount      
United Kingdom statutory income tax rate $ (289) $ (180) $ (53)
Research and development tax credits 25 85 94
Share-based compensation   251 206
Withholding tax   (97) (122)
Other foreign jurisdictions   (10) (14)
Tax credits      
Foreign tax credit 62    
Nontaxable or nondeductible items      
Share-based compensation 34    
Foreign tax deduction 36    
Other (6)    
Changes in unrecognized tax benefits (66) 19 0
Other Adjustments      
Patent box benefit 86 38 (4)
Change in valuation allowance   0 (4)
Non-deductible/non-taxable items   (10) (3)
Impact of U.K. rate change   (22) (3)
Gains exempt from U.K. tax   (2) (3)
Total income tax benefit (expense) $ (253) $ 72 $ 94
Percent      
United Kingdom statutory income tax rate 25.00%    
Research and development tax credits (2.20%)    
Tax credits      
Foreign tax credit (5.40%)    
Nontaxable or nondeductible items      
Share-based compensation (2.90%)    
Foreign tax deduction (0.031)    
Other 0.50%    
Changes in unrecognized tax benefits 5.70%    
Other Adjustments      
Patent box benefit (0.074)    
Income tax benefit (expense) 21.90%    
United States      
Amount      
State and local income taxes, net of federal income tax effect $ 30    
Research and development tax credits 35    
Share-based compensation 25    
Other 3    
Withholding tax $ (15)    
Percent      
State and local income taxes, net of federal income tax effect (2.60%)    
Share-based compensation (2.20%)    
Research and development tax credits (3.00%)    
Other (0.30%)    
Withholding tax 0.013    
China      
Amount      
Withholding tax $ (81)    
Percent      
Withholding tax 0.070    
Singapore      
Amount      
Withholding tax $ (18)    
Percent      
Withholding tax 0.016    
South Korea      
Amount      
Withholding tax $ (30)    
Percent      
Withholding tax 0.026    
Taiwan      
Amount      
Withholding tax $ (51)    
Percent      
Withholding tax 0.044    
Other foreign jurisdictions      
Amount      
Other foreign jurisdictions $ (33)    
Percent      
Other foreign jurisdictions 2.90%