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BANK BORROWINGS AND LONG-TERM DEBT | 9 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
BANK BORROWINGS AND LONG-TERM DEBT | BANK BORROWINGS AND LONG-TERM DEBT Bank borrowings and long-term debt as of December 31, 2024 and March 31, 2024 are as follows:
| Maturity Date |  | As of December 31, 2024 |  | As of March 31, 2024
|  |  | (In millions)
4.750% Notes (1) | June 2025 |  | $ | 532 |  |  | $ | 584 |
3.750% Notes (1) | February 2026 |  | 679 |  |  | 682 |
6.000% Notes (1) | January 2028 |  | 398 |  |  | 397 |
4.875% Notes (1) | June 2029 |  | 656 |  |  | 657 |
4.875% Notes (1) | May 2030 |  | 677 |  |  | 681 |
5.250% Notes (1) (2) | January 2032 |  | 499 |  |  | — |
3.600% HUF Bonds (3) | December 2031 |  | 254 |  |  | 274 |
Other |  |  | — |  |  | 1 |
Debt issuance costs |  |  | (16) |  |  | (15) |
|  |  | 3,679 |  |  | 3,261 |
Current portion, net of debt issuance costs |  |  | (532) |  |  | — |
Non-current portion |  |  | $ | 3,147 |  |  | $ | 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)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. The weighted-average interest rate for the Company's long-term debt was 4.6% and 4.5% as of December 31, 2024 and March 31, 2024, respectively. Scheduled repayments of the Company's bank borrowings and long-term debt as of December 31, 2024 are as follows:
Fiscal Year Ending March 31, |  | Amount
|  | (In millions)
2025 (1) |  | $ | — |
2026 |  | 1,211 |
2027 |  | — |
2028 |  | 398 |
2029 |  | 25 |
Thereafter |  | 2,061 |
Total |  | $ | 3,695 |
(1)Represents estimated repayments for the remaining fiscal three-month period ending March 31, 2025.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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