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Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At March 31, 2025 and 2024, 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, 2025
												Fair Value Hierarchy
						NAV						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	149					$	—					$	—					$	—					$	149
Trading securities associated with deferred compensation plans						—						11,313						—						—						11,313
Interest rate swap agreements						—						—						1,783						—						1,783
Forward foreign currency exchange contracts						—						—						302						—						302
Total financial assets measured and reported at fair value						$	149					$	11,313					$	2,085					$	—					$	13,547
Liabilities
Forward foreign currency exchange contracts						$	—					$	—					$	6,668					$	—					$	6,668
Total financial liabilities measured and reported at fair value						$	—					$	—					$	6,668					$	—					$	6,668
						March 31, 2024
												Fair Value Hierarchy
						NAV						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	145					$	—					$	—					$	—					$	145
Trading securities associated with deferred compensation plans						—						12,409						—						—						12,409
Interest rate swap agreements						—						—						6,706						—						6,706
Forward foreign currency exchange contracts						—						—						322						—						322
Total financial assets measured and reported at fair value						$	145					$	12,409					$	7,028					$	—					$	19,582
Liabilities
Forward foreign currency exchange contracts						$	—					$	—					$	21					$	—					$	21
Total financial liabilities measured and reported at fair value						$	—					$	—					$	21					$	—					$	21

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, 2025 and 2024:

			Fiscal Year Ended March 31,
(in millions of dollars)			2025						2024
Fair market value of long-term obligations			$	616					$	618
Carrying value of long-term obligations			$	620					$	620

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- References

No definition available.

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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.

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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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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