v3.26.1
BANK BORROWINGS AND LONG-TERM DEBT (Tables)
 12 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Bank Borrowings and Long-Term Debt
Bank borrowings and long-term debt are as follows:
Maturity DateAs of March 31,
20262025
(In millions)
4.750% Notes (1)
June 2025$— $531 
3.750% Notes (1)
February 2026— 678 
6.000% Notes ("2028 Notes") (1)
January 2028398 398 
4.875% Notes ("2029 Notes") (1)
June 2029654 655 
4.875% Notes ("2030 Notes") (1)
May 2030671 676 
5.250% Notes ("2032 Notes") (1) (2)
January 2032651 499 
5.375% Notes ("2035 Notes") (1) (2)
November 2035598 — 
Delayed Draw Term Loan (3)December 2027500 — 
3.600% HUF Bonds (4)
December 2031296 269 
Debt issuance costs(17)(14)
3,751 3,692 
Current portion, net of debt issuance costs— (1,209)
Non-current portion$3,751 $2,483 
(1)Each note is carried at the principal amount, less any unamortized discount and unamortized debt issuance costs and inclusive of any premium. The notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations.
(2)In November 2025, the Company issued $600 million of 5.375% Notes due November 2035 and $150 million of 5.250% Notes due January 2032.
(3)In March 2025, the Company entered into a $500 million Delayed Draw Term Loan agreement and drew down the funds in June 2025 at the Secured Overnight Financing Rate ("SOFR") plus 100 basis points.
(4)In December 2021, the Company issued HUF 100 billion (approximately $296 million as of March 31, 2026) in aggregate principal amount of bonds under the National Bank of Hungary’s Bond Funding for Growth Scheme. The bonds are unsecured and unsubordinated obligations of the Company and rank equally with all of the Company’s other existing and future unsecured and unsubordinated obligations. The outstanding principal amount of the bonds bear interest at 3.60% per annum. The proceeds of the bonds were used for general corporate purposes. The bonds mature in December 2031 with annual payments equal to 10% of the original principal amount thereof on each of the seventh, eighth, and ninth anniversaries of the bonds, with the remaining 70% due upon maturity.
Schedule of Repayments of Bank Borrowings and Long-Term Debt
Scheduled repayments of the Company's bank borrowings and long-term debt are as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2027$— 
2028898 
202930 
2030683 
2031701 
Thereafter1,456 
Total$3,768