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BANK BORROWINGS AND LONG-TERM DEBT
 9 Months Ended
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 DateAs of December 31, 2024As of March 31, 2024
(In millions)
4.750% Notes (1)
June 2025$532 $584 
3.750% Notes (1)
February 2026679 682 
6.000% Notes (1)
January 2028398 397 
4.875% Notes (1)
June 2029656 657 
4.875% Notes (1)
May 2030677 681 
5.250% Notes (1) (2)
January 2032499 — 
3.600% HUF Bonds (3)
December 2031254 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 $496 million, net of discount and certain issuance costs.
(3)The bonds mature in December 2031 with annual payments equal to 10% of the original principal amount thereof on each of the seventh, eighth, and ninth anniversaries of the bonds, with the remaining 70% due upon maturity.
The weighted-average interest rate for the Company's long-term debt was 4.6% and 4.5% as of December 31, 2024 and March 31, 2024, respectively.
Scheduled repayments of the Company's bank borrowings and long-term debt as of December 31, 2024 are as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2025 (1)$— 
20261,211 
2027— 
2028398 
202925 
Thereafter2,061 
Total$3,695 
(1)Represents estimated repayments for the remaining fiscal three-month period ending March 31, 2025.