Indebtedness (Tables)

12 Months Ended

Mar. 31, 2015

Debt Instruments [Abstract]

Schedule Of Debt

Total debt consists of:

(In thousands)	March 31, 2015			March 31, 2014
Short-term
Money market loans	$	—		$	—
Commercial paper	325,871			387,866
Short-term debt	$	325,871		$	387,866
Long-term
Trade receivables securitization	$	295,000		$	295,000
Revolving credit borrowings - U.S.	—			—
Revolving credit borrowings - Multi-currency	48,332			54,230
Revolving credit borrowings - France	6,277			8,056
Senior notes, net	1,648,608			1,748,774
Other long-term debt	555			1,036
Total long-term debt	1,998,772			2,107,096
Less current portion of long-term debt	(250,110		)	(400,322		)
Long-term debt, excluding current portion	$	1,748,662		$	1,706,774
Total debt	$	2,324,643		$	2,494,962

Schedule of Senior Notes

The Company’s senior notes consisted of the following:

(In thousands)						Principal
Description	Coupon	Yield	Maturity Date	Semi-annual Interest Payment Dates		March 31, 2015			March 31, 2014
2014 Notes (a)	4.50%	4.527%	09/15/2014	March 15 and September 15		$	—		$	400,000
2015 Notes (b)	3.25%	3.283%	10/01/2015	April 1 and October 1		250,000			250,000
2016 Notes	2.95%	2.980%	06/15/2016	June 15 and December 15		250,000			250,000
2018 Notes	1.65%	1.685%	02/15/2018	February 15 and August 15		325,000			325,000
2020 Notes	2.375%	2.392%	02/15/2020	February 15 and August 15		275,000			275,000
2022 Notes	2.90%	2.913%	11/15/2022	May 15 and November 15		250,000			250,000
2024 Notes (c)	3.65%	3.673%	07/15/2024	January 15 and July 15		300,000			—
						1,650,000			1,750,000
				Less: unamortized discount		(1,392		)	(1,226		)
					Senior notes, net	$	1,648,608		$	1,748,774

____________________

^(a)  The 2014 Notes were repaid by the Company in September 2014.

^(b)  The 2015 Notes are included within the “Current portion of long-term debt” line item on the Company’s consolidated balance sheet based on the maturity date.

^(c)  On June 17, 2014, the Company issued the 2024 Notes. The net proceeds from the sale of the 2024 Notes were used for general corporate purposes, including to fund acquisitions and repay indebtedness under the Company’s commercial paper program. Interest payments on the 2024 Notes commenced on January 15, 2015.

Schedule of Maturities of Long-term Debt

The aggregate maturities of long-term debt at March 31, 2015 are as follows:

(In thousands)	Debt Maturities  (a)
Years Ending March 31,
2016	$	250,147
2017	250,311
2018	620,095
2019	—
2020	329,610
Thereafter	550,000
	$	2,000,163

____________________

^(a)  Outstanding borrowings under the Securitization Agreement at March 31, 2015 are reflected as maturing at the agreement’s expiration in December 2017.

The Senior Notes are reflected in the debt maturity schedule at their maturity values rather than their carrying values, which are net of aggregate discounts of $1.4 million at March 31, 2015.