v3.25.2
BORROWINGS (Tables)
3 Months Ended
Jun. 30, 2025
BORROWINGS  
Summary of components of debt

June 30,

March 31,

(Dollars in millions)

Interest Rate

Maturity

2025

2025

Unsecured senior notes due 2026

    

2.05%

October 2026

$

700

$

700

Unsecured senior notes due 2028

2.70%

October 2028

500

500

Unsecured senior notes due 2031

3.15%

October 2031

650

650

Unsecured senior notes due 2034

6.35% *

February 2034

500

500

Unsecured senior notes due 2041

4.10%

October 2041

550

550

Finance lease and other obligations

5.46% †

2025-2031

258

290

$

3,158

$

3,190

Less: Unamortized discount

4

4

Less: Unamortized debt issuance costs

  

  

13

14

Less: Current portion of long-term debt

  

  

128

129

Total long-term debt

  

  

$

3,014

$

3,042

*

Including the cross-currency swaps that the Company entered into subsequent to the issuance of the unsecured senior notes due 2034, the effective interest rate on such notes was approximately 3.84% at the time of issuance. For more information, see Note 7 – Financial Assets and Liabilities.

Weighted-average discount rate.

Schedule of contractual obligations of long-term debt outstanding

(Dollars in millions)*

    

Principal

Year ending March 31:

2026 (remaining nine months)

$

22

2027

 

710

2028

 

2029

 

500

2030

Thereafter

 

1,700

Total

$

2,932

*    Contractual obligations approximate scheduled repayments.