v3.25.4
Guarantees
9 Months Ended
Dec. 31, 2025
Guarantees [Abstract]  
Guarantees Guarantees
In certain sourcing regions, the Company guarantees bank loans for tobacco suppliers to finance their crops. The Company also guarantees bank loans of certain unconsolidated affiliates. The fair value of the Company's guarantees is recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets. See "Note 15. Fair Value Measurements" for the fair value of the Company's guarantee liability and corresponding fair value classification. The following summarizes amounts guaranteed:

December 31, 2025December 31, 2024March 31, 2025
Amounts guaranteed (not to exceed)$80,942 $75,397 $110,660 
Amounts outstanding under guarantee(1)
56,549 43,700 80,045 
Amounts due to local banks on behalf of suppliers for government subsidized rural credit financing23 44 13,787 
(1) Most of the guarantees outstanding at December 31, 2025 expire within one year.