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v3.24.1.1.u2

Borrowings (Table Text Block) | 12 Months Ended
--- | ---
Mar. 31, 2024
Debt Instruments [Abstract] |
Long-Term Debt | Long-term debt was as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | March 31, |
| Fiscal Year 2024 Interest Rates |  |  | Maturities |  | Weighted Avg Interest Rates (c) |  | 2024 |  |  | 2023 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (In thousands) |
Real estate loan (amortizing term) (a) |  | 4.30 |  | % | - |  | 6.80 |  | % | 2027 |  | 2037 |  |  | 5.90 |  | % | $ |  | 277,767 |  | $ |  | 289,647 |
Senior mortgages |  | 2.70 |  | % | - |  | 6.05 |  | % | 2024 | - | 2042 |  |  | 4.16 |  | % |  |  | 2,284,853 |  |  |  | 2,371,231 |
Real estate loans (revolving credit) |  | 0.00 |  | % | - |  | 0.00 |  | % |  |  | 2027 |  |  | 0.00 |  | % |  |  | 0 |  |  |  | 0 |
Fleet loans (amortizing term) |  | 1.61 |  | % | - |  | 5.68 |  | % | 2024 | - | 2029 |  |  | 3.84 |  | % |  |  | 70,454 |  |  |  | 111,856 |
Fleet loans (revolving credit) (b) |  | 2.36 |  | % | - |  | 6.68 |  | % | 2026 | - | 2028 |  |  | 6.45 |  | % |  |  | 573,889 |  |  |  | 615,000 |
Finance leases (rental equipment) |  | 2.86 |  | % | - |  | 5.01 |  | % | 2024 | - | 2026 |  |  | 4.10 |  | % |  |  | 117,641 |  |  |  | 223,205 |
Finance liability (rental equipment) |  | 1.60 |  | % | - |  | 6.80 |  | % | 2024 | - | 2031 |  |  | 4.69 |  | % |  |  | 1,708,619 |  |  |  | 1,255,763 |
Private placements |  | 2.43 |  | % | - |  | 2.88 |  | % | 2029 | - | 2035 |  |  | 2.65 |  | % |  |  | 1,200,000 |  |  |  | 1,200,000 |
Other obligations |  | 1.50 |  | % | - |  | 8.00 |  | % | 2024 | - | 2049 |  |  | 6.23 |  | % |  |  | 70,815 |  |  |  | 76,648 |
Notes, loans and finance leases payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ |  | 6,304,038 |  | $ |  | 6,143,350 |
Less: Debt issuance costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32,676 | ) |  |  | (35,308 | )
Total notes, loans and finance leases payable, net |  |  |  |  |  |  |  |  |  | $ |  | 6,271,362 |  | $ |  | 6,108,042 |
(a) Certain loans have interest rate swaps fixing the rate between 2.72% and 2.86% based on current margin. The weighted average interest rate calculation for these loans was 4.10%, using the swap adjusted interest rate. (b) A loan has an interest rate swap fixing the rate for $100 million of the relevant loan at 4.71% based on current margin. The weighted average interest rate calculation for these loans was 6.34% using the swap adjusted interest rate. (c) Weighted average rates as of March 31, 2024
Annual Maturities of Notes, Loans and Leases Payable |
|  | Years Ended March 31, |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
|  | (In thousands) |
Notes, loans and finance leases payable, secured | $ |  | 534,979 |  | $ |  | 695,136 |  | $ |  | 883,221 |  | $ |  | 910,625 |  | $ |  | 447,633 |  | $ |  | 2,832,444 |  | $ |  | 6,304,038 |

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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 maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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