Disclosure of detailed information about financial instruments [abstract]

Schedule of Fair Value Hierarchy of Assets and Liabilities Measured At Fair Value On a Recurring Basis

The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 is as follows:


(Dollars in millions)
	As of March 31, 2024	Fair value measurement at end of the reporting year using
		Level 1	Level 2	Level 3
Assets
Investments (Refer to note 2.2)
Investments in liquid mutual fund units	313	313	—	—
Investments in target maturity fund units	51	51	—	—
Investments in quoted debt securities	1,620	1,580	40	—
Investments in certificates of deposit	365	—	365	—
Investments in commercial paper	579	—	579	—
Investments in unquoted equity and preference securities	11	—	—	11
Investments in quoted equity securities	14	14	—	—
Investment in unquoted investments others	24	—	—	24
Others
Derivative financial instruments- gain on outstanding foreign exchange forward and option contracts	10	—	10	—
Liabilities
Derivative financial instruments- loss on outstanding foreign exchange forward and option contracts	4	—	4	—
Financial liability under option arrangements (Refer to Note 2.5)*	72	—	—	72

* Discount rate ranges from 9% to 15%

The fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 is as follows:


(Dollars in millions)
	As of March 31, 2023		Fair value measurement at end of the reporting year using
			Level 1		Level 2		Level 3
Assets
Investments (Refer to note 2.2)
Investments in liquid mutual fund units		119		119		—		—
Investments in target maturity fund units		49		49		—		—
Investments in quoted debt securities		1,661		1,302		359		—
Investments in certificates of deposit		435		—		435		—
Investments in commercial paper		90		—		90		—
Investments in unquoted equity and preference securities		24		—		—		24
Investment in unquoted investments others		21		—		—		21
Others
Derivative financial instruments- gain on outstanding foreign exchange forward and option contracts		12		—		12		—
Liabilities
Derivative financial instruments- loss on outstanding foreign exchange forward and option contracts		10		—		10		—
Financial liability under option arrangements (Refer to Note 2.5)*		73		—		—		73
Liability towards contingent consideration (Refer to Note 2.5)*		12		—		—		12

* Discount rate ranges from 10% to 15%

Schedule of Analysis of Foreign Currency Risk From Monetary Assets and Liabilities

The following table analyzes foreign currency risk from financial assets and liabilities as of March 31, 2024:


(Dollars in millions)
	U.S. dollars			Euro			United Kingdom Pound Sterling			Australian dollars			Other currencies			Total
Net financial assets		3,133			1,146			258			177			350			5,064
Net financial liabilities		(1,430	)		(405	)		(85	)		(97	)		(266	)		(2,283	)
Total		1,703			741			173			80			84			2,781

The following table analyzes foreign currency risk from financial assets and liabilities as of March 31, 2023:


(Dollars in millions)
	U.S. dollars			Euro			United Kingdom Pound Sterling			Australian dollars			Other currencies			Total
Net financial assets		2,528			908			221			220			317			4,194
Net financial liabilities		(1,478	)		(454	)		(90	)		(116	)		(269	)		(2,407	)
Total		1,050			454			131			104			48			1,787

Summary of Derivative Financial Instruments into Relevant Maturity Groupings

The table below analyzes the derivative financial instruments into relevant maturity groupings based on the remaining period as of the balance sheet date:


(Dollars in millions)
	As of
	March 31, 2024		March 31, 2023
Not later than one month		1,304		1,601
Later than one month and not later than three months		1,914		1,358
Later than three months and not later than one year		237		405
		3,455		3,364

Summary of Quantitative Information About Offsetting of Derivative Financial Assets And Derivative Financial Liabilities

The following table provides quantitative information about offsetting of derivative financial assets and derivative financial liabilities:


(Dollars in millions)
	As of
	March 31, 2024						March 31, 2023
	Derivative financial asset			Derivative financial liability			Derivative financial asset			Derivative financial liability
Gross amount of recognized financial asset/liability		12			(6	)		15			(13	)
Amount set off		(2	)		2			(3	)		3
Net amount presented in balance sheet		10			(4	)		12			(10	)

Summary of Trade Receivables Ageing Schedule

Trade receivables ageing schedule for fiscal 2024 is as follows:


							(Dollars in millions)
			Outstanding for following periods from due date of payment
	Not Due		Less than 6 months		6 months to 1 year		1-2 years		2-3 years		More than 3 years		Total
Trade receivables		2,707		889		42		53		1		14		3,706
Less: Allowance for credit loss														86
Total Trade receivables														3,620

Trade receivables ageing schedule for fiscal 2023 is as follows:


							(Dollars in millions)
			Outstanding for following periods from due date of payment
	Not Due		Less than 6 months		6 months to 1 year		1-2 years		2-3 years		More than 3 years		Total
Trade receivables		2,241		914		7		1		9		5		3,177
Less: Allowance for credit loss														83
Total Trade receivables														3,094

Summary of Credit Receivable

The Group’s credit period generally ranges from 30-75 days.


(Dollars in millions)
	As of
	March 31, 2024		March 31, 2023
Trade receivables		3,620		3,094
Unbilled revenues		1,744		2,037