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Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On Recurring Basis | At March 31, 2023 and 2022, the Company had certain financial assets and financial liabilities that were required to be measured and reported at fair value on a recurring basis. These assets and liabilities are listed in the tables below and are classified based on how their values were determined under the fair value hierarchy or the NAV practical expedient:
|  | March 31, 2023
|  |  |  | Fair Value Hierarchy |  |
|  | NAV |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 400 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 400 |
Trading securities associated with deferred compensation plans |  | — |  |  | 11,698 |  |  | — |  |  | — |  |  | 11,698 |
Forward foreign currency exchange contracts |  | — |  |  | — |  |  | 8,422 |  |  | — |  |  | 8,422 |
Total financial assets measured and reported at fair value |  | $ | 400 |  |  | $ | 11,698 |  |  | $ | 8,422 |  |  | $ | — |  |  | $ | 20,520 |
Liabilities |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements |  | $ | — |  |  | $ | — |  |  | $ | 3,077 |  |  | $ | — |  |  | $ | 3,077 |
Forward foreign currency exchange contracts |  | — |  |  | — |  |  | 1,325 |  |  | — |  |  | 1,325 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | — |  |  | $ | 4,402 |  |  | $ | — |  |  | $ | 4,402 |
|  | March 31, 2022
|  |  |  | Fair Value Hierarchy |  |
|  | NAV |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 334 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 334 |
Trading securities associated with deferred compensation plans |  | — |  |  | 13,655 |  |  | — |  |  | — |  |  | 13,655 |
Forward foreign currency exchange contracts |  | — |  |  | — |  |  | 24,068 |  |  | — |  |  | 24,068 |
Total financial assets measured and reported at fair value |  | $ | 334 |  |  | $ | 13,655 |  |  | $ | 24,068 |  |  | $ | — |  |  | $ | 38,057 |
Liabilities |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements |  | — |  |  | — |  |  | 1,161 |  |  | — |  |  | 1,161 |
Forward foreign currency exchange contracts |  | — |  |  | — |  |  | 3,264 |  |  | — |  |  | 3,264 |
Total financial liabilities measured and reported at fair value |  | $ | — |  |  | $ | — |  |  | $ | 4,425 |  |  | $ | — |  |  | $ | 4,425 |
Schedule of Business Acquisitions by Acquisition, Contingent Consideration | A reconciliation of the change in the balance of the acquisition-related contingent consideration obligation (Level 3) for the fiscal years ended March 31, 2023 and 2022 is provided below.
| Fiscal Year Ended March 31,
| 2023 |  | 2022
Balance beginning of year | $ | — |  |  | $ | 2,532 |
Change in fair value of contingent consideration liability | — |  |  | (2,532) |
Balance at end of year | $ | — |  |  | $ | — |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The following table summarizes the fair and carrying value of the Company’s long-term debt, including the current portion at each of the balance sheet dates March 31, 2023 and 2022:
| Fiscal Year Ended March 31,
(in millions of dollars) | 2023 |  | 2022
Fair market value of long term obligations | $ | 621 |  |  | $ | 517 |
Carrying value of long term obligations | $ | 620 |  |  | $ | 520 |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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