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v3.25.2

DEBT (Tables) | 3 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The components of Long-term debt, net on our Condensed Consolidated Balance Sheet were as follows:
|  | Annual Interest Rate |  | Maturity Date |  | June 30, 2025 |  | Fair Value (Level 2)
2027 Notes |  | 3.70% |  | April 14, 2027 |  | 600.0 |  |  | 595.1 |
2028 Notes |  | 4.95% |  | March 28, 2028 |  | 800.0 |  |  | 813.3 |
2029 Notes |  | 5.40% |  | June 12, 2029 |  | 300.0 |  |  | 309.9 |
2032 Notes |  | 4.00% |  | April 14, 2032 |  | 500.0 |  |  | 475.6 |
2034 Notes |  | 5.60% |  | June 12, 2034 |  | 300.0 |  |  | 311.9 |
2026 Convertible Notes |  | 0.00% |  | December 15, 2026 |  | 31.1 |  |  | 31.1 |
Total |  |  |  |  |  | $ | 2,531.1 |  |  | $ | 2,536.9 |
Unamortized discount and issuance costs |  |  |  |  |  | (15.0) |  |  |
Long-term debt, net |  |  |  |  |  | $ | 2,516.1 |  |  |
|  | 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 |  |  |
Schedule of Short-term Debt | The components of Short-term debt, net on our Condensed Consolidated Balance Sheet were as follows:
|  | Annual Interest Rate |  | Maturity Date |  | June 30, 2025 |  | Fair Value (Level 2)
2026 Notes |  | 5.00% |  | March 28, 2026 |  | $ | 550.0 |  |  | $ | 552.0 |
Total |  |  |  |  |  | $ | 550.0 |  |  | $ | 552.0 |
Unamortized discount and issuance costs |  |  |  |  |  | (1.0) |  |  |
Short-term debt, net |  |  |  |  |  | $ | 549.0 |  |  |
|  | 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 |  |  |
Schedule of Debt | The interest expense as it relates to our debt is recorded within Interest and other, net in our Condensed Consolidated Statements of Operations for the three months ended June 30, 2025 and 2024, respectively, and was as follows:
|  | Three Months Ended June 30, |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |  |  |
2025 Notes |  | 0.8 |  |  | 5.3 |  |  |  |  |  |  |  |  |
2026 Notes |  | 6.9 |  |  | 6.9 |  |  |  |  |  |  |  |  |
2027 Notes |  | 5.6 |  |  | 5.6 |  |  |  |  |  |  |  |  |
2028 Notes |  | 9.9 |  |  | 9.9 |  |  |  |  |  |  |  |  |
2029 Notes |  | 4.1 |  |  | 0.8 |  |  |  |  |  |  |  |  |
2032 Notes |  | 5.0 |  |  | 5.0 |  |  |  |  |  |  |  |  |
2034 Notes |  | 4.2 |  |  | 0.8 |  |  |  |  |  |  |  |  |
Total |  | $ | 36.5 |  |  | $ | 34.3 |  |  |  |  |  |  |  |  |
Schedule of Debt Maturities | The following table outlines the aggregate amount of maturities of our borrowings, as of June 30, 2025:
Fiscal Year Ending March 31, |  | Maturities
2026 (remaining) |  | $ | 550.0 |
2027 |  | 29.4 |
2028 |  | 1,400.0 |
2029 |  | — |
2030 |  | 300.0 |
Thereafter |  | 800.0 |
Total |  | 3,079.4 |
Fair value adjustments |  | 1.7 |
Total face value |  | $ | 3,081.1 |
Schedule of Information Related to Availability on Credit Agreement | Information related to availability on our 2022 Credit Agreement for each period was as follows:
|  | June 30, 2025 |  | March 31, 2025
Available borrowings |  | $ | 997.8 |  |  | $ | 747.8 |
Outstanding letters of credit |  | 2.2 |  |  | 2.2 |

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