Debt (Tables)

12 Months Ended

Mar. 31, 2013

At March 31, 2013 and 2012, the Company’s debt obligations consisted of the following:



	At March 31,
(in millions)	2013			2012
Revolving credit facility due August 2016	$	—		$	—
5.375% Notes due November 2019	750			750
6.125% Notes due December 2014, net of unamortized premium from fair value hedge of $19 and $27	519			527
Other indebtedness, primarily capital leases	26			29
Unamortized discount for Notes	(5		)	(5		)
Total debt outstanding	$	1,290		$	1,301
Less the current portion	(16		)	(14		)
Total long-term debt portion	$	1,274		$	1,287

Maturities of outstanding debt

The maturities of outstanding debt are as follows:



	Year Ended March 31,
(in millions)	2014		2015		2016		2017		2018		Thereafter
Amount due	$	16	$	523	$	3	$	2	$	1	$	745

Rates applicable to revolving credit facility

At March 31, 2013 and 2012, there were no outstanding borrowings under the revolving credit facility due August 2016 and, based on the Company’s credit ratings, the rates applicable to the facility at March 31, 2013 and 2012 were as follows:



	At March 31,
	2013		2012
Applicable margin on Base Rate borrowing	0.25	%	0.25	%
Weighted average interest rate on outstanding borrowings	—	%	—	%
Applicable margin on Eurocurrency Rate borrowing	1.10	%	1.10	%
Facility commitment fee	0.15	%	0.15	%

Borrowing positions outstanding under cash pooling arrangement

At March 31, 2013 and 2012, the borrowing positions outstanding under this cash pooling arrangement were as follows:



	At March 31,
(in millions)	2013			2012
Total borrowing positions outstanding at beginning of year⁽¹⁾	$	139		$	—
Borrowings	1,143			476
Repayments	(1,139		)	(331		)
Foreign currency exchange effect	(7		)	(6		)
Total borrowing positions outstanding at end of year⁽¹⁾	$	136		$	139


(1)	Included in “Accrued expenses and other current liabilities” in the Company’s Consolidated Balance Sheet.