Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2012

Input Levels And Valuation Techniques For Determination Of Fair Values Of Financial Instruments

The fair values of our financial instruments were determined using the following input levels and valuation techniques:

	Valuation	December 31, 2012								March 31, 2012
	Technique	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
		(In millions)
Assets
Cash equivalents
Money-market funds	A	$	26.2	$	—	$	—	$	26.2	$	769.3	$	—	$	—	$	769.3
United States Treasury securities	A		150.0		—		—		150.0		49.9		—		—		49.9
Short-term and long-term investments
United States Treasury securities	A		128.7		—		—		128.7		92.2		—		—		92.2
Auction rate securities	B		—		—		18.7		18.7		—		—		26.9		26.9
United States government agency bonds	A		—		15.4		—		15.4		—		—		—		—
Corporate bonds and commercial paper	A		—		12.0		—		12.0		—		—		—		—
Mutual funds	A		20.4		—		—		20.4		19.6		—		—		19.6
Foreign currency forward contracts	A		—		3.8		—		3.8		—		8.1		—		8.1
Total		$	325.3	$	31.2	$	18.7	$	375.2	$	931.0	$	8.1	$	26.9	$	966.0
Liabilities
Foreign currency forward contracts	A	$	—	$	2.3	$	—	$	2.3	$	—	$	0.6	$	—	$	0.6
Interest rate swap	B		—		—		0.2		0.2		—		—		—		—
Total		$	—	$	2.3	$	0.2	$	2.5	$	—	$	0.6	$	—	$	0.6

Summary Of Activity In Level 3 Financial Instruments

The following table summarizes the activity in our Level 3 financial instruments for the quarters and nine months ended December 31, 2012 and 2011, respectively:

	Quarter Ended								Nine Months Ended
	December 31, 2012								December 31, 2012
	Auction Rate Securities		Interest Rate Swap			Total			Auction Rate Securities			Interest Rate Swap			Total
	(In millions)
Balance at the beginning of the period	$	18.6	$	—		$	18.6		$	26.9		$	—		$	26.9
Redemption and sales		—		—			—			(7.6	)		—			(7.6	)
Change in fair value included in other comprehensive income		0.1		(0.2	)		(0.1	)		(0.6	)		(0.2	)		(0.8	)
Balance at the end of the period	$	18.7	$	(0.2	)	$	18.5		$	18.7		$	(0.2	)	$	18.5

	Quarter Ended			Nine Months Ended
	December 31, 2011			December 31, 2011
	Auction Rate Securities
	(In millions)
Balance at the beginning of the period	$	25.6		$	27.2
Redemption and sales		(0.1	)		(0.5	)
Change in fair value included in other comprehensive income		0.4			(0.8	)
Balance at the end of the period	$	25.9		$	25.9

Components Of Cash, Cash Equivalents And Investments

Our cash, cash equivalents and investments were comprised of the following:

	December 31, 2012						March 31, 2012
	Cash and Cash Equivalents		Short-term Investments		Long-term Investments		Cash and Cash Equivalents		Short-term Investments		Long-term Investments
	(In millions)
Measured at fair value:
Available-for-sale
United States Treasury securities	$	150.0	$	113.2	$	15.5	$	49.9	$	86.1	$	6.1
Auction rate securities		—		—		18.7		—		—		26.9
United States government agency bonds		—		5.0		10.4		—		—		—
Corporate bonds and commercial paper		—		5.4		6.6		—		—		—
Trading
Mutual funds		—		—		20.4		—		—		19.6
Total debt and equity investments measured at fair value		150.0		123.6		71.6		49.9		86.1		52.6
Cash on hand		829.7		—		—		632.6		—		—
Certificates of deposit		52.0		—		—		45.1		—		—
Money-market funds		26.2		—		—		769.3		—		—
Total cash, cash equivalents and investments	$	1,057.9	$	123.6	$	71.6	$	1,496.9	$	86.1	$	52.6
Amounts included in accumulated other comprehensive income from available-for-sale securities (pre-tax):
Unrealized losses*	$	—	$	—	$	3.0	$	—	$	—	$	2.4

* The unrealized losses on available-for-sale securities at December 31, 2012 and March 31, 2012 relate to the auction rate securities.

Contract Maturities Of Available For Sale Investments In Debt Securities

The following summarizes the underlying contractual maturities of our available-for-sale investments in debt securities at December 31, 2012:

			Fair
	Cost		Value
	(In millions)
Due in one year or less	$	273.6	$	273.6
Due between one and two years		32.5		32.5
Due after ten years		21.7		18.7
Total	$	327.8	$	324.8

Notional Amounts At Contract Exchange Rates Of Foreign Currency Forward Contracts

The notional amounts at contract exchange rates of our foreign currency forward contracts outstanding were:

	Notional Amount
	December 31,		March 31,
	2012		2012
	(In millions)
Foreign Currency Forward Contracts (receive United States dollar/pay foreign currency)
Euro	$	180.9	$	214.2
Australian dollar		31.8		29.9
Chinese yuan renminbi		14.9		11.7
Swiss franc		9.5		6.8
Singapore dollar		6.4		3.8
Brazilian real		5.9		8.7
Danish krone		4.9		3.9
South Korean won		3.2		2.6
Norwegian krone		2.8		2.9
New Zealand dollar		2.5		3.4
British pound		—		19.2
Swedish krona		0.5		8.2
Mexican peso		—		3.2
Other		3.3		3.5
Total	$	266.6	$	322.0
Foreign Currency Forward Contracts (pay United States dollar/receive foreign currency)
Israeli shekel	$	165.0	$	158.2
Indian rupee		12.0		15.0
British pound		3.2		—
Other		0.7		4.8
Total	$	180.9	$	178.0

Finance Receivables Balance, Net Of Allowance, By Region And By Class Of Internal Credit Rating

At December 31, 2012, our finance receivables balance, net of allowance, by region and by class of internal credit rating was as follows:

	North America		EMEA		Asia Pacific		Latin America		Total
	(In millions)
Class 1	$	27.9	$	45.1	$	4.4	$	1.2	$	78.6
Class 2		3.2		19.0		6.9		3.9		33.0
Class 3		0.1		—		0.2		0.5		0.8
Balance at the end of the period	$	31.2	$	64.1	$	11.5	$	5.6	$	112.4

Carrying Values And Fair Values Of Debt Instruments

The carrying values and fair values of our debt instruments at December 31, 2012 and March 31, 2012 are as follows:

	December 31, 2012				March 31, 2012
	Carrying value		Fair value		Carrying value		Fair value
	(In millions)
Senior unsecured notes due June 2018 (Level 2)	$	299.0	$	363.5	$	298.9	$	368.4
Senior unsecured notes due February 2022 (Level 2)		497.6		521.3		497.4		506.6
Senior unsecured notes due December 2022 (Level 2)		297.7		308.0		—		—
Term Loan due November 2015 (Level 3)		200.0		200.3		—		—