DEBT (Tables)

9 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The components of Long-term debt, net on our Condensed Consolidated Balance Sheet were as follows:

	Annual Interest Rate	Maturity Date	December 31, 2023		Fair Value (Level 2)
2025 Notes	3.55%	April 14, 2025	$	600.0	$	587.7
2026 Notes	5.00%	March 28, 2026	500.0		502.6
2027 Notes	3.70%	April 14, 2027	600.0		581.9
2028 Notes	4.95%	March 28, 2028	500.0		504.3
2032 Notes	4.00%	April 14, 2032	500.0		476.2
2026 Convertible Notes	0.00%	December 15, 2026	24.1		24.1
Total			$	2,724.1	$	2,676.8
Unamortized discount and issuance costs			(15.9)
Long-term debt, net			$	2,708.2

	Annual Interest Rate	Maturity Date	March 31, 2023		Fair Value (Level 2)
2025 Notes	3.55%	April 14, 2025	$	600.0	$	583.8
2027 Notes	3.70%	April 14, 2027	600.0		580.9
2032 Notes	4.00%	April 14, 2032	500.0		460.6
2024 Convertible Notes	0.25%	June 1, 2024	20.8		20.8
2026 Convertible Notes	0.00%	December 15, 2026	23.3		23.3
Total			$	1,744.1	$	1,669.4
Unamortized discount and issuance costs			(11.1)
Long-term debt, net			$	1,733.0

Schedule of Short-term Debt

The components of Short-term debt, net on our Condensed Consolidated Balance Sheet were as follows:

	Annual Interest Rate	Maturity Date	December 31, 2023		Fair Value (Level 2)
2024 Notes	3.30%	March 28, 2024	$	350.0	$	347.9
2024 Convertible Notes	0.25%	June 1, 2024	23.2		23.2
Total			$	373.2	$	371.1
Unamortized discount and issuance costs			—
Short-term debt, net			$	373.2

	Annual Interest Rate	Maturity Date	March 31, 2023		Fair Value (Level 2)
2024 Notes	3.30%	March 28, 2024	$	1,000.0	$	978.2
Term Loan	3.60%	June 21, 2023	350.0		350.0
Total			$	1,350.0	$	1,328.2
Unamortized discount and issuance costs			(3.2)
Short-term debt, net			$	1,346.8

Schedule of Debt

Interest expense as it relates to our debt is recorded within Interest and other, net in our Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2023, and 2022, respectively, and was as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
2024 Notes	$	2.8	$	8.3	$	12.2	$	23.3
2025 Notes	5.3		5.3		16.0		15.1
2026 Notes	6.2		—		17.8		—
2027 Notes	5.6		5.6		16.7		15.8
2028 Notes	6.2		—		17.7		—
2032 Notes	5.0		5.0		15.0		14.2
Term Loan	—		2.9		1.5		6.4
2022 Credit Agreement	—		2.4		—		4.1
Total	$	31.1	$	29.5	$	96.9	$	78.9

Schedule of Debt Maturities

The following table outlines the aggregate amount of maturities of our borrowings, as of December 31, 2023:

Fiscal Year Ending March 31,	Maturities
2024 (remaining)	$	350.0
2025	21.4
2026	1,100.0
2027	29.4
2028	1,100.0
Thereafter	500.0
Total	3,100.8
Fair value adjustments	(3.5)
Total face value	$	3,097.3

Schedule of Information Related to Availability on Credit Agreement

Information related to availability on our 2022 Credit Agreement for each period was as follows:

	December 31, 2023		March 31, 2023
Available borrowings	$	499.5	$	499.5
Outstanding letters of credit	2.8		2.8