v3.25.4
BANK BORROWINGS AND LONG-TERM DEBT (Tables)
 9 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Bank Borrowings and Long-term Debt
Bank borrowings and long-term debt as of December 31, 2025 and March 31, 2025 are as follows:
 Maturity DateAs of December 31, 2025As of March 31, 2025
(In millions)
4.750% Notes (1)
June 2025$— $531 
3.750% Notes (1)
February 2026675 678 
6.000% Notes (1)
January 2028398 398 
4.875% Notes (1)
June 2029654 655 
4.875% Notes (1)
May 2030672 676 
5.250% Notes (1) (2)
January 2032651 499 
5.375% Notes (1) (2)
November 2035598 — 
Delayed Draw Term Loan (3)December 2027500 — 
3.600% HUF Bonds (4)
December 2031305 269 
Debt issuance costs(18)(14)
4,435 3,692 
Current portion, net of debt issuance costs(675)(1,209)
Non-current portion$3,760 $2,483 
(1)The notes are carried at the principal amount of each note less any unamortized discount and unamortized debt issuance costs and inclusive of any unamortized premium. The notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations.
(2)In November 2025, the Company issued $600 million of 5.375% Notes due November 2035 and $150 million of 5.250% Notes due January 2032.
(3)In March 2025, the Company entered into a $500 million Delayed Draw Term Loan agreement and drew down the funds in June 2025 at the Secured Overnight Financing Rate ("SOFR") plus 100 basis points.
(4)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 as of December 31, 2025 are as follows:
Fiscal Year Ending March 31,Amount
(In millions)
2026 (1)$675 
2027— 
2028898 
202930 
2030685 
Thereafter2,165 
Total$4,453 
(1)Represents estimated repayments for the remaining fiscal three-month period ending March 31, 2026. On February 2, 2026, the Company repaid the 3.750% Notes due February 2026.