Debt and Financing Activities (Tables)

12 Months Ended

Mar. 31, 2023

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.