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DEBT (Tables)

6 Months Ended

Sep. 30, 2022

The components of Long-term debt, net on our Condensed Consolidated Balance Sheet were as follows:


	Annual Interest Rate	Maturity Date	September 30, 2022		Fair Value (Level 2)
2024 Notes	3.30%	March 28, 2024	$	1,000.0	$	974.2
2025 Notes	3.55%	April 14, 2025	600.0		574.8
2027 Notes	3.70%	April 14, 2027	600.0		557.2
2032 Notes	4.00%	April 14, 2032	500.0		434.2
2022 Credit Agreement	4.84%	May 23, 2027	200.0		200.0
2024 Convertible Notes	0.25%	June 1, 2024	23.5		23.5
2026 Convertible Notes	—%	December 15, 2026	29.4		29.4
Total			$	2,952.9	$	2,793.3
Unamortized discount and issuance costs			(17.4)
Long-term debt, net			$	2,935.5

Schedule of Short-Term Debt

The components of Short-term debt on our Condensed Consolidated Balance Sheet were as follows:


	Annual Interest Rate	Maturity Date	September 30, 2022		Fair Value (Level 2)
Term Loan	3.60%	June 21, 2023	$	350.0	$	350.0
Short-term debt			$	350.0

Schedule of Debt

The interest expense as it relates to our debt is recorded within Interest and other, net in our Condensed Consolidated Statements of Operations for the three and six months ended September 30, 2022 and was as follows:


	Three Months Ended September 30,		Six Months Ended September 30,
	2022		2022
2024 Notes	$	8.3	$	15.0
2025 Notes	5.3		9.8
2027 Notes	5.6		10.2
2032 Notes	5.0		9.2
2022 Credit Agreement	3.2		3.5
Term Loan	1.5		1.7
Total	$	28.9	$	49.4

Schedule of Debt Maturities

The following table outlines the aggregate amount of maturities of our long-term borrowings, as of September 30, 2022:


Fiscal Year Ended March 31,	Maturities
2023 (remaining)	$	—
2024	1,000.0
2025	21.4
2026	600.0
2027	29.4
Thereafter	1,300.0
Total	2,950.8
Fair Value Adjustments	2.1
Total Face Value	$	2,952.9

Schedule of Information Related to Availability on Credit Agreement

Information related to availability on our respective credit agreements for each period was as follows:


	September 30, 2022		March 31, 2022
Available borrowings	$	299.5	$	247.5
Outstanding letters of credit	2.9		2.5

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details