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| BORROWINGS | NOTE 10. BORROWINGS Debt The Company’s total current portion of long-term debt and short-term debt as of June 30, 2026 and March 31, 2026 was $1.8 billion and $1.8 billion, respectively. As of June 30, 2026, this balance primarily consisted of $781 million of current portion of long term debt, as detailed in the long-term debt table below, and $1 billion outstanding under the Company’s revolving credit facility issued in February 2026. As of March 31, 2026, this balance primarily consisted of $796 million of current portion of long-term debt, as detailed in the long-term debt table below, and $1 billion outstanding under the Company’s revolving credit facility drawn in February 2026. The following table presents the components of our long-term debt:
Contractual obligations of long-term debt outstanding at June 30, 2026, exclusive of finance lease obligations, are as follows:
* Contractual obligations approximate scheduled repayments. In February 2026, the Company borrowed $1 billion under a $3.15 billion multi-currency revolving credit agreement (“Revolving Credit Agreement”), currently bearing an interest rate of 5.09%. Proceeds are intended to be used for working capital and other general corporate purposes, which may include repayment of indebtedness and acquisitions. The borrowing matures in August 2026. In the second quarter, we have extended it for an additional three months to mature in November 2026. As of June 30, 2026, approximately $2.2 billion of additional capacity remained available. The Company is in compliance with its debt covenants in all periods presented. |
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