SHARE REPURCHASES

9 Months Ended

Dec. 31, 2015

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

SHARE REPURCHASES

SHARE REPURCHASES

During the three-month and nine-month periods endedDecember 31, 2015, the Company repurchased 8.5 million shares at an aggregate purchase price of $94.0 million, and 29.0 million shares at an aggregate purchase price of $326.4 million, respectively, and retired all of these shares.

Under the Company’s current share repurchase program, the Board of Directors authorized repurchases of its outstanding ordinary shares for up to $500 million in accordance with the share repurchase mandate approved by the Company’s shareholders at the date of the most recent Extraordinary General Meeting held on August 20, 2015. As of December 31, 2015, shares in the aggregate amount of $328.5 million were available to be repurchased under the current plan.