Held for Sale (Tables)

12 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Assets and liabilities of German wholesale joint venture classified as held for sale

The total assets and liabilities of the German wholesale joint venture that are classified as held for sale on the Company’s consolidated balance sheet as of March 31, 2020, are as follows:

(In millions)	March 31, 2020
Assets
Current Assets
Receivables, net	$	548
Inventories, net	478
Long-term assets	88
Remeasurement of assets of business held for sale to fair value less cost to sell (1)	(272		)
Total Assets held for sale	$	842
Liabilities
Current Liabilities
Drafts and accounts payable	$	450
Other accrued liabilities	40
Long-term liabilities	166
Total Liabilities held for sale	$	656

(1)

Includes the effect of approximately $3 million of cumulative foreign currency translation adjustment.