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BANK BORROWINGS AND LONG-TERM DEBT (Tables) | 3 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Bank Borrowings and Long-term Debt | Bank borrowings and long-term debt as of June 30, 2023 and March 31, 2023 are as follows:
| Maturity Date |  | As of June 30, 2023 |  | As of March 31, 2023
|  |  | (In millions)
4.750% Notes (1) | June 2025 |  | $ | 597 |  |  | $ | 599 |
3.750% Notes (1) | February 2026 |  | 685 |  |  | 686 |
6.000% Notes (1) | January 2028 |  | 397 |  |  | 396 |
4.875% Notes (1) | June 2029 |  | 658 |  |  | 658 |
4.875% Notes (1) | May 2030 |  | 684 |  |  | 685 |
JPY Term Loan (2) | April 2024 |  | — |  |  | 253 |
Delayed Draw Term Loan | November 2023 |  | 150 |  |  | 150 |
Nextracker Term Loan | February 2028 |  | 150 |  |  | 150 |
3.600% HUF Bonds | December 2031 |  | 294 |  |  | 284 |
Other |  |  | — |  |  | 1 |
Debt issuance costs |  |  | (20) |  |  | (21) |
|  |  | 3,595 |  |  | 3,841 |
Current portion, net of debt issuance costs |  |  | (151) |  |  | (150) |
Non-current portion |  |  | $ | 3,444 |  |  | $ | 3,691 |
(1)The notes are carried at the principal amount of each note, less any unamortized discount or premium and unamortized debt issuance costs. These notes represent the Company’s senior unsecured obligations and hold equal ranking with all other existing and future senior unsecured debt obligations. (2)During the first quarter of fiscal year 2024, the Company repaid the JPY Term Loan for approximately $241 million. In addition, the Company also settled the associated USD JPY cross currency swap for approximately $60 million.
Schedule of Repayments of Long-term Debt | Scheduled repayments of the Company's bank borrowings and long-term debt as of June 30, 2023 are as follows:
Fiscal Year Ending March 31, |  | Amount
|  | (In millions)
2024 (1) |  | $ | 151 |
2025 |  | — |
2026 |  | 1,282 |
2027 |  | — |
2028 |  | 547 |
Thereafter |  | 1,635 |
Total |  | $ | 3,615 |
(1)Represents estimated repayments for the remaining fiscal nine-month period ending March 31, 2024.

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