INVENTORIES

9 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

(In thousands)	December 2022		March 2022		December 2021
Finished products	$	2,535,759	$	1,353,483	$	1,218,099
Work-in-process	41,307		50,774		49,933
Raw materials	14,849		14,416		19,178
Total inventories	$	2,591,915	$	1,418,673	$	1,287,210

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 $94.2 million of in-transit inventory as of December 2022, March 2022 and December 2021, respectively.