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INTEREST AND OTHER, NET
9 Months Ended
Dec. 31, 2015
INTEREST AND OTHER, NET  
INTEREST AND OTHER, NET
INTEREST AND OTHER, NET
 
During the three-month and nine-month periods ended December 31, 2015, the Company recognized interest expense of $26.2 million and $71.4 million, respectively, on its debt obligations outstanding during the periods. During the three-month and nine-month periods ended December 31, 2014, the Company recognized interest expense of $19.9 million and $57.5 million, respectively.

During the three-month and nine-month periods ended December 31, 2015, the Company recognized interest income of $3.1 million and $10.9 million, respectively. During the three-month and nine-month periods ended December 31, 2014, the Company recognized interest income of $4.7 million and $14.7 million, respectively. 

During the three-month and nine-month periods ended December 31, 2015, the Company recognized gains on foreign exchange transactions of $4.4 million and $19.1 million, respectively. During the three-month and nine-month periods ended December 31, 2014, the Company recognized gains on foreign exchange transactions of $8.5 million and $13.9 million, respectively.

During the nine-month periods ended December 31, 2015, the Company incurred $8.0 million of acquisition-related costs.