BANK BORROWINGS AND LONG-TERM DEBT

3 Months Ended

Jul. 01, 2022

Debt Disclosure [Abstract]

BANK BORROWINGS AND LONG-TERM DEBT

BANK BORROWINGS AND LONG-TERM DEBT

Bank borrowings and long-term debt as of July 1, 2022 are as follows:

	As of July 1, 2022		As of March 31, 2022
	(In millions)
5.000% Notes due February 2023	$	500	$	500
Term Loan due April 2024 - three-month TIBOR plus 0.430%	245		273
4.750% Notes due June 2025	598		598
3.750% Notes due February 2026	689		690
4.875% Notes due June 2029	659		659
4.875% Notes due May 2030	689		690
Euro Term Loans	367		389
3.600% HUF Bonds due December 2031	266		301
India Facilities	79		84
Other	—		31
Debt issuance costs	(17)		(18)
	4,075		4,197
Current portion, net of debt issuance costs	(946)		(949)
Non-current portion	$	3,129	$	3,248

The weighted-average interest rate for the Company's long-term debt was 4.1% and 4.0% as of July 1, 2022 and March 31, 2022.

Scheduled repayments of the Company's bank borrowings and long-term debt as of July 1, 2022 are as follows:

Fiscal Year Ending March 31,	Amount
	(In millions)
2023 (1)	$	893
2024	53
2025	245
2026	1,288
2027	—
Thereafter	1,613
Total	$	4,092

(1)Represents estimated repayments for the remaining fiscal nine-month period ending March 31, 2023.