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Borrowings (Table Text Block) | 3 Months Ended | 9 Months Ended
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Dec. 31, 2022 | Dec. 31, 2022
Debt Instruments [Abstract] |  |
Long-Term Debt |  | December 31, March 31, 2023 Rates Maturities 2022 2022 (Unaudited) (In thousands) Real estate loan (amortizing term) (a) 4.29 % - 5.60 % 2027 - 2037 $ 292,617 $ 50,259 Senior mortgages 2.70 % - 5.50 % 2024 - 2042 2,389,419 2,206,268 Real estate loans (revolving credit) – % - – % 2027 – 535,000 Fleet loans (amortizing term) 1.61 % - 5.68 % 2023 - 2029 123,986 124,651 Fleet loans (revolving credit) 2.36 % - 5.44 % 2025 - 2027 615,000 560,000 Finance leases (rental equipment) 2.16 % - 5.04 % 2023 - 2026 252,102 347,393 Finance liabilities (rental equipment) 1.60 % - 5.98 % 2024 - 2030 1,286,299 949,936 Private placements 2.43 % - 2.88 % 2029 - 2035 1,200,000 1,200,000 Other obligations 1.50 % - 8.00 % 2023 - 2049 77,399 86,206 Notes, loans and finance leases payable 6,236,822 6,059,713 Less: Debt issuance costs (36,425) (37,216) Total notes, loans and finance leases payable, net $ 6,200,397 $ 6,022,497 (a) Certain loans have interest rate swaps fixing the rates between 2.72% and 2.86% based on current margins.
Annual Maturities of Notes, Loans and Leases Payable |  | Year Ending December 31, 2023 2024 2025 2026 2027 Thereafter Total (Unaudited) (In thousands) Notes, loans and finance leases payable, secured$ 517,406 $ 693,638 $ 596,395 $ 861,298 $ 771,004 $ 2,797,081 $ 6,236,822
Components of interest expense | Quarter Ended December 31, 2022 2021 (Unaudited) (In thousands) Interest expense $ 60,978 $ 43,850 Capitalized interest (3,818) (2,222) Amortization of transaction costs 2,336 1,407 Interest expense resulting from cash flow hedges (455) 1,007 Total interest expense$ 59,041 $ 44,042 | Nine Months Ended December 31, 2022 2021 (Unaudited) (In thousands) Interest expense $ 168,987 $ 122,589 Capitalized interest (8,684) (6,974) Amortization of transaction costs 5,596 4,153 Interest expense resulting from cash flow hedges 134 2,997 Total interest expense$ 166,033 $ 122,765
Interest rates and company borrowings | Revolving Credit Activity Quarter Ended December 31, 2022 2021 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the period 4.68 % 1.38 % Interest rate at the end of the period 5.28 % 1.39 % Maximum amount outstanding during the period $ 765,000 $ 1,085,000 Average amount outstanding during the period $ 710,109 $ 1,081,283 Facility fees$ 270 $ 66 | Revolving Credit Activity Nine Months Ended December 31, 2022 2021 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the period 3.34 % 1.38 % Interest rate at the end of the period 5.28 % 1.39 % Maximum amount outstanding during the period $ 1,105,000 $ 1,093,000 Average amount outstanding during the period $ 892,680 $ 1,081,571 Facility fees$ 439 $ 198

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- Definition Our disclosure provides for only the interest expense on borrowings. Within the US-GAAP taxonomy, there is an Interest Income and Interest Expense Disclosure [Text Block], but nothing that specifically covers only Interest Expense. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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