Employee Benefit Plans

9 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Defined Contribution Plan

The Company sponsors the Employees’ Capital Accumulation Plan, or ECAP, which is a qualified defined contribution plan that covers eligible U.S. and international employees. ECAP provides for distributions, subject to certain vesting provisions, to participants by reason of retirement, death, disability, or termination of employment. Effective April 1, 2014 the Company transitioned from a discretionary employer contribution to an annual matching contribution of up to 6% of eligible annual income as determined by the Internal Revenue Code for the ECAP. Total expense recognized under ECAP was $26.2 million and $36.4 million for the three months ended December 31, 2014 and 2013, respectively, and $81.4 million and $118.7 million for the nine months ended December 31, 2014 and 2013, respectively. The Company-paid contributions were $14.9 million and $19.3 million for the three months ended December 31, 2014 and 2013, respectively, and $53.1 million and $83.7 million for the nine months ended December 31, 2014 and 2013, respectively.

Defined Benefit Plan and Other Postretirement Benefit Plans

The Company maintains and administers a postretirement medical plan and a defined benefit retirement plan for current, retired, and resigned officers.

The components of net postretirement medical expense for the Officer Medical Plan were as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Service cost	$	1,022	$	1,186	$	3,064	$	3,559
Interest cost	892		921		2,676		2,751
Net actuarial loss	145		704		436		2,068
Total postretirement medical expense	$	2,059	$	2,811	$	6,176	$	8,378

As of December 31, 2014 and March 31, 2014, the unfunded status of the post-retirement medical plan was $80.2 million and $75.9 million, respectively, which is included in other long-term liabilities in the accompanying condensed consolidated balance sheets.