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v3.23.1

Debt and Financing Activities (Tables) | 12 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consisted of the following:
| March 31,
(In millions) | 2023 |  | 2022
U.S. Dollar notes (1) (2) |  |  |
2.70% Notes due December 15, 2022 | $ | — |  |  | $ | 400 |
2.85% Notes due March 15, 2023 | — |  |  | 360 |
3.80% Notes due March 15, 2024 | 918 |  |  | 918 |
0.90% Notes due December 3, 2025 | 500 |  |  | 500 |
5.25% Notes due February 15, 2026 | 499 |  |  | — |
1.30% Notes due August 15, 2026 | 498 |  |  | 498 |
7.65% Debentures due March 1, 2027 | 150 |  |  | 150 |
3.95% Notes due February 16, 2028 | 343 |  |  | 343 |
4.75% Notes due May 30, 2029 | 196 |  |  | 196 |
6.00% Notes due March 1, 2041 | 218 |  |  | 217 |
4.88% Notes due March 15, 2044 | 255 |  |  | 255 |
Foreign currency notes (1) (3) |  |  |
1.50% Euro Notes due November 17, 2025 | 649 |  |  | 662 |
1.63% Euro Notes due October 30, 2026 | 542 |  |  | 554 |
3.13% Sterling Notes due February 17, 2029 | 555 |  |  | 582 |
Lease and other obligations (4) | 271 |  |  | 244 |
Total debt | 5,594 |  |  | 5,879 |
Less: Current portion | 968 |  |  | 799 |
Total long-term debt | $ | 4,626 |  |  | $ | 5,080 |
(1)These notes are unsecured and unsubordinated obligations of the Company. (2)Interest on these U.S. dollar notes is payable semi-annually. (3)Interest on these foreign currency notes is payable annually. (4)Excludes current and long-term debt of approximately $4 million and $11 million, respectively, as of March 31, 2022 related to the European divestiture activities discussed in more detail in Financial Note 2, “Business Acquisitions and Divestitures.” These amounts were included under the caption “Liabilities held for sale” in the Consolidated Balance Sheet as of March 31, 2022.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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