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v3.25.1

DEBT (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The components of Long-term debt, net on our Consolidated Balance Sheet were as follows:
|  | Annual Interest Rate |  | Maturity Date |  | March 31, 2025 |  | Fair Value (Level 2)
2027 Notes |  | 3.70% |  | April 14, 2027 |  | 600.0 |  |  | 590.8 |
2028 Notes |  | 4.95% |  | March 28, 2028 |  | 800.0 |  |  | 808.5 |
2029 Notes |  | 5.40% |  | June 12, 2029 |  | 300.0 |  |  | 308.3 |
2032 Notes |  | 4.00% |  | April 14, 2032 |  | 500.0 |  |  | 468.6 |
2034 Notes |  | 5.60% |  | June 12, 2034 |  | 300.0 |  |  | 308.9 |
2026 Convertible Notes |  | 0.00% |  | December 15, 2026 |  | 28.5 |  |  | 28.5 |
Total |  |  |  |  |  | $ | 2,528.5 |  |  | $ | 2,513.6 |
Unamortized discount and issuance costs |  |  |  |  |  | (15.9) |  |  |
Long-term debt, net |  |  |  |  |  | $ | 2,512.6 |  |  |
|  | Annual Interest Rate |  | Maturity Date |  | March 31, 2024 |  | Fair Value (Level 2)
2025 Notes |  | 3.55% |  | April 14, 2025 |  | $ | 600.0 |  |  | $ | 588.9 |
2026 Notes |  | 5.00% |  | March 28, 2026 |  | 550.0 |  |  | 547.6 |
2027 Notes |  | 3.70% |  | April 14, 2027 |  | 600.0 |  |  | 576.5 |
2028 Notes |  | 4.95% |  | March 28, 2028 |  | 800.0 |  |  | 797.8 |
2032 Notes |  | 4.00% |  | April 14, 2032 |  | 500.0 |  |  | 462.9 |
2026 Convertible Notes |  | 0.00% |  | December 15, 2026 |  | 25.9 |  |  | 25.9 |
Total |  |  |  |  |  | $ | 3,075.9 |  |  | $ | 2,999.6 |
Unamortized discount and issuance costs |  |  |  |  |  | (17.6) |  |  |
Long-term debt, net |  |  |  |  |  | $ | 3,058.3 |  |  |
Schedule of Short-Term Debt | The components of Short-term debt, net on our Consolidated Balance Sheet were as follows:
|  | Annual Interest Rate |  | Maturity Date |  | March 31, 2025 |  | Fair Value (Level 2)
2025 Notes |  | 3.55% |  | April 14, 2025 |  | $ | 600.0 |  |  | $ | 599.9 |
2026 Notes |  | 5.00% |  | March 28, 2026 |  | 550.0 |  |  | 552.7 |
Total |  |  |  |  |  | $ | 1,150.0 |  |  | $ | 1,152.6 |
Unamortized discount and issuance costs |  |  |  |  |  | (1.5) |  |  |
Short-term debt, net |  |  |  |  |  | $ | 1,148.5 |  |  |
|  | Annual Interest Rate |  | Maturity Date |  | March 31, 2024 |  | Fair Value (Level 2)
2024 Convertible Notes |  | 0.25% |  | June 1, 2024 |  | $ | 24.6 |  |  | $ | 24.6 |
Total |  |  |  |  |  | $ | 24.6 |  |  | $ | 24.6 |
Unamortized discount and issuance costs |  |  |  |  |  | — |  |  |
Short-term debt, net |  |  |  |  |  | $ | 24.6 |  |  |
Schedule of Debt | The interest expense as it relates to our debt is recorded within Interest and other, net in our Consolidated Statements of Operations for the fiscal year ended March 31, 2025, and 2024, respectively, and was as follows:
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024
2024 Notes |  | $ | — |  |  | $ | 15.1 |
2025 Notes |  | 21.3 |  |  | 21.3 |
2026 Notes |  | 27.5 |  |  | 24.7 |
2027 Notes |  | 22.2 |  |  | 22.2 |
2028 Notes |  | 39.6 |  |  | 27.2 |
2029 Notes |  | 12.9 |  |  | — |
2032 Notes |  | 20.0 |  |  | 20.0 |
2034 Notes |  | 13.4 |  |  | — |
Term Loan |  | — |  |  | 1.5 |
Total |  | $ | 156.9 |  |  | $ | 132.0 |
Schedule Of Maturities Of Debt | The following table outlines the aggregate amount of maturities of our borrowings, as of March 31, 2025:
Fiscal Year Ended March 31, |  | Maturities
2026 |  | 1,150.0 |
2027 |  | 29.4 |
2028 |  | 1,400.0 |
2029 |  | — |
2030 |  | 300.0 |
Thereafter |  | 800.0 |
Total |  | 3,679.4 |
Fair Value Adjustments |  | (0.9) |
Total Face Value |  | $ | 3,678.5 |
Schedule of Information Related to Availability on Credit Agreement | Information related to availability on our 2022 Credit Agreement for each period was as follows:
|  | March 31, 2025 |  | March 31, 2024
Available borrowings |  | $ | 747.8 |  |  | $ | 497.7 |
Outstanding letters of credit |  | 2.2 |  |  | 2.3 |

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