SHARE REPURCHASES

9 Months Ended

Dec. 31, 2023

Treasury Stock, Number of Shares and Restriction Disclosures [Abstract]

SHARE REPURCHASES

SHARE REPURCHASES 

During the three and nine-month periods ended December 31, 2023, the Company repurchased 10.7 million and 30.8 million shares at an aggregate purchase price of $275 million and $781 million, respectively, and retired all of these shares. During the second quarter of fiscal year 2024, the Company also retired an additional 50.2 million shares of treasury stock which were repurchased in the prior periods, at an aggregate purchase price of $388 million.

Under the Company’s current share repurchase program, the Board of Directors authorized repurchases of its outstanding ordinary shares for up to $2.0 billion in accordance with the share repurchase mandate approved by the Company’s shareholders at the date of the most recent Annual General Meeting held on August 2, 2023. As of December 31, 2023, shares in the aggregate amount of $1.5 billion were available to be repurchased under the current plan.