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Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.22.4
INVENTORIES
9 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract] Ìý
INVENTORIES INVENTORIES
(In thousands) December 2022 March 2022 December 2021
Finished products $ 2,535,759Ìý $ 1,353,483Ìý $ 1,218,099Ìý
Work-in-process 41,307Ìý 50,774Ìý 49,933Ìý
Raw materials 14,849Ìý 14,416Ìý 19,178Ìý
Total inventories $ 2,591,915Ìý $ 1,418,673Ìý $ 1,287,210Ìý
During the first quarter of Fiscal 2023, the Company modified terms with the majority of its suppliers to take ownership of inventory near point of shipment rather than destination. Finished products included $509.3 million, $67.7 million and $94.2Ìýmillion of in-transit inventory as of December 2022, March 2022 and December 2021, respectively.