Indebtedness (Tables)

6 Months Ended

Sep. 30, 2015

Total debt consists of:



(In thousands)	September 30, 2015			March 31, 2015
Short-term
Money market loans	$	—		$	—
Commercial paper	557,105			325,871
Short-term debt	$	557,105		$	325,871

Long-term
Trade receivables securitization	$	330,000		$	295,000
Revolving credit borrowings - U.S.	—			—
Revolving credit borrowings - Multi-currency	72,011			48,332
Revolving credit borrowings - France	5,980			6,277
Senior notes, net	1,798,051			1,648,608
Other long-term debt	423			555
Total long-term debt	2,206,465			1,998,772
Less current portion of long-term debt	(250,099		)	(250,110		)
Long-term debt, excluding current portion	$	1,956,366		$	1,748,662

Total debt	$	2,763,570		$	2,324,643

Schedule of Maturities of Long-term Debt [Table Text Block]

The aggregate maturities of long-term debt at September 30, 2015 are as follows:



(In thousands)	Debt Maturities ^(a)
Remainder of fiscal 2016	$	72
March 31, 2017	250,256
March 31, 2018	655,095
March 31, 2019	—
March 31, 2020	352,991
Thereafter	950,000
	$	2,208,414

____________________


^(a)	Outstanding borrowings under the Securitization Agreement at September 30, 2015 are reflected as maturing at the agreement’s expiration in December 2017. Outstanding borrowings under the Credit Facility at September 30, 2015 are reflected as maturing at the agreement’s expiration in November 2019.

The Company’s 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 $1.9 million at September 30, 2015.