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BANK BORROWINGS AND LONG-TERM DEBT (Tables)
 12 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of bank borrowings and long-term debt
Bank borrowings and long-term debt are as follows:
Maturity DateAs of March 31,
20252024
(In millions)
4.750% Notes ("2025 Notes") (1)
June 2025531 584 
3.750% Notes ("2026 Notes") (1)
February 2026678 682 
6.000% Notes ("2028 Notes") (1)
January 2028398 397 
4.875% Notes ("2029 Notes") (1)
June 2029655 657 
4.875% Notes ("2030 Notes") (1)
May 2030676 681 
5.250% Notes ("2032 Notes") (1)(2)
January 2032499 — 
3.600% HUF Bonds (3)
December 2031269 274 
Other— 1 
Debt issuance costs(14)(15)
3,692 3,261 
Current portion, net of debt issuance costs(1,209)— 
Non-current portion$2,483 $3,261 
(1)The notes are carried at the principal amount of each note, less any unamortized discount or premium and unamortized debt issuance costs. The notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations.
(2)In August 2024, the Company issued $500 million of 5.250% Notes due 2032. The Company received proceeds of approximately $496 million, net of discount and certain issuance costs.
(3)In December 2021, the Company issued HUF 100 billion (approximately $269 million as of March 31, 2025) in aggregate principal amount of bonds under the National Bank of Hungary’s Bond Funding for Growth Scheme. The bonds are unsecured and unsubordinated obligations of the Company and rank equally with all of the Company’s other existing and future unsecured and unsubordinated obligations. The outstanding principal amount of the bonds bear interest at 3.60% per annum. The proceeds of the bonds were used for general corporate purposes. The bonds mature in December 2031 with annual payments equal to 10% of the original principal amount thereof on each of the seventh, eighth, and ninth anniversaries of the bonds, with the remaining 70% due upon maturity.
Schedule of the company's repayments of long-term debt
Scheduled repayments of the Company's bank borrowings and long-term debt are as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2026$1,209 
2027— 
2028398 
202927 
2030682 
Thereafter1,390 
Total$3,706