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Fair Value Measurements Fair Value Hierarchy (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Mar. 31, 2023
Reported Value Measurement [Member]      
Assets:      
Cash and cash equivalents $ 208,614   $ 208,357
Forward and swap contracts [1] 1,297   378
Equity Securities, FV-NI [2] 7,143   7,069
Investments 2,069   2,066
Liabilities:      
Deferred compensation plans [2] 998   1,022
Long term debt [3] 2,923,554   3,078,655
Contingent consideration obligations 16,199   15,678
Foreign Currency Contracts, Liability, Fair Value Disclosure [1] 2,514   2,054
Debt and Equity Securities, Gain (Loss) (73) $ 936  
Contingent consideration obligations 16,199   15,678
Level 1      
Assets:      
Cash and cash equivalents 208,614   208,357
Forward and swap contracts 0   0
Equity Securities, FV-NI [2] 7,143   7,069
Investments 2,069   2,066
Liabilities:      
Deferred compensation plans [2] 998   1,022
Long term debt [3] 0   0
Contingent consideration obligations 0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure 0   0
Level 2      
Assets:      
Cash and cash equivalents 0   0
Forward and swap contracts [1] 1,297   378
Equity Securities, FV-NI 0   0
Investments 0   0
Liabilities:      
Deferred compensation plans 0   0
Long term debt [3] 2,596,812   2,754,218
Contingent consideration obligations 0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure [1] 2,514   2,054
Level 3      
Assets:      
Cash and cash equivalents 0   0
Forward and swap contracts 0   0
Equity Securities, FV-NI 0   0
Investments 0   0
Liabilities:      
Deferred compensation plans 0   0
Contingent consideration obligations [4] 16,199   15,678
Debt Instrument, Fair Value Disclosure [3] 0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure $ 0   $ 0
[1] The fair values of forward and swap contracts are based on period-end forward rates and reflect the value of the amount that we would pay or receive for the contracts involving the same notional amounts and maturity dates.
[2] We maintain a frozen domestic non-qualified deferred compensation plan covering certain employees, which allowed for the deferral of payment of previously earned compensation for an employee-specified term or until retirement or termination. Amounts deferred can be allocated to various hypothetical investment options (compensation deferrals have been frozen under the plan). We hold investments to satisfy the future obligations of the plan. Employees who made deferrals are entitled to receive distributions of their hypothetical account balances (amounts deferred, together with earnings (losses)). We also hold an investment in the common stock of Servizi Italia, S.p.A, a leading provider of integrated linen washing and outsourced sterile processing services to hospital Customers. Changes in the fair value of these investments are recorded in the "Interest and miscellaneous (income) expense" line of the Consolidated Statement of Income. During the first quarter of fiscal 2024 and 2023, we recorded gains (losses) of $73 and $(936),respectively, related to these investments.
[3] We estimate the fair value of our debt using discounted cash flow analyses, based on estimated current incremental borrowing rates for similar types of borrowing arrangements.
[4] Contingent consideration obligations arise from prior business acquisitions. The fair values are based on discounted cash flow analyses reflecting the possible achievement of specified performance measures or events and captures the contractual nature of the contingencies, commercial risk, and the time value of money. Contingent consideration obligations are classified in the consolidated balance sheets as accrued expense (short-term) and other liabilities (long-term), as appropriate based on the contractual payment dates