SHORT-TERM BORROWINGS AND LONG-TERM DEBT |
6 Months Ended |
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Sep. 30, 2023 | |
| Debt Disclosure [Abstract] | Ìý |
| SHORT-TERM BORROWINGS AND LONG-TERM DEBT | SHORT-TERM BORROWINGS AND LONG-TERM DEBT Euro Commercial Paper Program
During the three months ended September 2023, ±«ÓãÖ±²¥ commenced a euro commercial paper program, which in addition to the existing U.S. commercial paper program, is supported by ±«ÓãÖ±²¥'s $2.25Ìýbillion Global Credit Facility. Commercial paper borrowings under this new program were €218.0Ìýmillion ($230.6Ìýmillion) as of September 2023 and had a weighted average interest rate of 4.09%. The Company has designated the euro commercial paper borrowings as a net investment hedge of ±«ÓãÖ±²¥'s investment in certain foreign operations. Refer to Note 17 for additional information. There were also $778.0Ìýmillion and $1.7Ìýbillion in U.S. commercial paper borrowings as of September 2023 and September 2022, respectively.
Senior Notes Maturity
On September 18, 2023, ±«ÓãÖ±²¥ repaid €850.0Ìýmillion ($907.1Ìýmillion) in aggregate principal amount of its outstanding 0.625% Senior Notes due in September 2023, in accordance with the terms of the notes.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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