Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2024

Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

At March 31, 2024 and 2023, the Company had certain financial assets and financial liabilities that were required to be measured and reported at fair value on a recurring basis. These assets and liabilities are listed in the tables below and are classified based on how their values were determined under the fair value hierarchy or the NAV practical expedient:


	March 31, 2024
			Fair Value Hierarchy
	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	145	$	—	$	—	$	—	$	145
Trading securities associated with deferred compensation plans	—		12,409		—		—		12,409
Interest rate swap agreements	—		—		6,706		—		6,706
Forward foreign currency exchange contracts	—		—		322		—		322
Total financial assets measured and reported at fair value	$	145	$	12,409	$	7,028	$	—	$	19,582

Liabilities




Forward foreign currency exchange contracts	$	—	$	—	$	21	$	—	$	21
Total financial liabilities measured and reported at fair value	$	—	$	—	$	21	$	—	$	21


	March 31, 2023
			Fair Value Hierarchy
	NAV		Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	400	$	—	$	—	$	—	$	400
Trading securities associated with deferred compensation plans	—		11,698		—		—		11,698

Forward foreign currency exchange contracts	—		—		8,422		—		8,422
Total financial assets measured and reported at fair value	$	400	$	11,698	$	8,422	$	—	$	20,520

Liabilities



Interest rate swap agreements	$	—	$	—	$	3,077	$	—	$	3,077
Forward foreign currency exchange contracts	—		—		1,325		—		1,325
Total financial liabilities measured and reported at fair value	$	—	$	—	$	4,402	$	—	$	4,402

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table summarizes the fair and carrying value of the Company’s long-term debt, including the current portion at each of the balance sheet dates March 31, 2024 and 2023:


	Fiscal Year Ended March 31,
(in millions of dollars)	2024		2023
Fair market value of long term obligations	$	618	$	621
Carrying value of long term obligations	$	620	$	620