BANK BORROWINGS AND LONG-TERM DEBT - Narrative (Details)
|
|
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
|
|
|
|
Jun. 30, 2017
USD ($)
|
Dec. 30, 2016
EUR (€)
|
Feb. 28, 2019
USD ($)
|
Jan. 31, 2017
EUR (€)
|
Nov. 30, 2016
USD ($)
|
Oct. 31, 2015
EUR (€)
|
Jun. 30, 2015
USD ($)
|
Feb. 28, 2013
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2019
USD ($)
|
Mar. 31, 2018
USD ($)
|
Mar. 31, 2017
USD ($)
|
Apr. 30, 2019
USD ($)
|
Jul. 31, 2018
USD ($)
|
Aug. 30, 2013
USD ($)
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average interest rate |
|
|
|
|
|
|
|
|
|
4.20%
|
3.90%
|
|
|
|
|
| Proceeds from the notes offering |
|
|
|
|
|
|
|
|
|
$ 3,199,460,000
|
$ 1,366,000,000
|
$ 312,741,000
|
|
|
|
| Percentage of ownership interest owned in subsidiaries that guarantees indebtedness or is a borrower under the term loan agreement and revolving line of credit |
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
$ 3,065,154,000
|
|
|
|
|
|
| Credit Facility | LIBOR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
LIBOR
|
|
|
|
|
|
| Credit Facility | Prime Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
prime rate
|
|
|
|
|
|
| Credit Facility | Federal funds rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
federal funds rate
|
|
|
|
|
|
| Credit Facility | LIBOR for a one-month interest period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
LIBOR for a one-month interest period
|
|
|
|
|
|
| Credit Facility | Prime rate, federal funds rate plus 0.50% and LIBOR for a one-month interest period plus 1.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
base rate
|
|
|
|
|
|
| Other Credit Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Uncommitted revolving credit facilities, lines of credit and other loans |
|
|
|
|
|
|
|
|
|
$ 332,200,000
|
|
|
|
|
|
| Borrowings outstanding |
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long term loans payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 600,000,000
|
| Term Loan, including current portion, due in installments through August 2018 | LIBOR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
LIBOR
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | LIBOR | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
1.125%
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | LIBOR | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
2.125%
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | Prime Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
prime rate
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | Federal funds rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
federal funds rate
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | LIBOR for a one-month interest period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
LIBOR for a one-month interest period
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | Prime rate, federal funds rate plus 0.50% and LIBOR for a one-month interest period plus 1.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
base rate
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | Prime rate, federal funds rate plus 0.50% and LIBOR for a one-month interest period plus 1.00% | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
0.125%
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through August 2018 | Prime rate, federal funds rate plus 0.50% and LIBOR for a one-month interest period plus 1.00% | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
1.125%
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through June 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long term loans payable |
|
|
|
|
$ 700,000,000
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from the notes offering |
|
|
|
|
130,000,000
|
|
|
|
|
|
|
|
|
|
|
| Principal payments due quarterly |
|
|
|
|
$ 4,100,000
|
|
|
|
|
|
|
|
|
|
|
| Term Loan, including current portion, due in installments through June 2022 | Federal funds rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
0.50%
|
|
|
|
|
|
|
|
|
|
|
| 4.625% Notes due February 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
$ 500,000,000.0
|
|
|
|
|
|
|
|
| Debt instrument interest rate |
|
|
|
|
|
|
|
4.625%
|
|
4.625%
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
$ 500,000,000
|
500,000,000
|
|
|
|
|
| 4.625% Notes due February 2020 | LIBOR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
0.70%
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4.625% Notes due February 2020 | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowings outstanding |
|
|
|
|
|
|
|
|
|
$ 91,400,000
|
|
|
|
|
|
| 5.000% Notes due February 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
$ 500,000,000.0
|
|
|
|
|
|
|
|
| Debt instrument interest rate |
|
|
|
|
|
|
|
5.00%
|
|
5.00%
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
$ 500,000,000
|
500,000,000
|
|
|
|
|
| 4.750% Notes due June 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument interest rate |
|
|
|
|
|
|
|
|
|
4.75%
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
$ 596,815,000
|
$ 596,387,000
|
|
|
|
|
| 4.750% Notes due June 2025 | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000,000
|
|
| Borrowings outstanding |
|
|
|
|
|
|
|
|
|
$ 78,800,000
|
|
|
|
78,800,000
|
|
| Notes due 2020 and 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price as a percentage of principal amount |
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
| Notes due 2020 and 2023 | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of principal amount of the then outstanding Notes due and payable |
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
| Term Loan Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of Notes principal that may be redeemed upon occurrence of a change of control repurchase event |
|
|
|
|
|
|
|
101.00%
|
|
|
|
|
|
|
|
| Term Loan Agreement Including Current Portion Due In Installments Through June 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
|
$ 600,000,000
|
|
|
|
|
|
|
|
|
| Debt instrument interest rate |
|
|
|
|
|
|
4.75%
|
|
|
|
|
|
|
|
|
| Percentage of ownership interest owned in subsidiaries that guarantees indebtedness or is a borrower under the term loan agreement and revolving line of credit |
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
| Redemption price as a percentage of principal amount |
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
| Redemption price percentage |
|
|
|
|
|
|
99.213%
|
|
|
|
|
|
|
|
|
| Effective interest rate |
|
|
|
|
|
|
4.85%
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
$ 595,300,000
|
|
|
|
|
|
|
|
|
| Debt issuance cost |
|
|
|
|
|
|
$ 7,900,000
|
|
|
|
|
|
|
|
|
| Percentage of debt redeemable upon occurrence of change of control repurchase event |
|
|
|
|
|
|
101.00%
|
|
|
|
|
|
|
|
|
| Term Loan Agreement Including Current Portion Due In Installments Through June 2025 | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of principal amount of the then outstanding Notes due and payable |
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
| Term Loan Facility Due September 2023 | LIBOR | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
|
|
|
|
|
0.90%
|
|
|
|
|
|
| Term Loan Facility Due September 2023 | LIBOR | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
|
|
|
|
|
1.15%
|
|
|
|
|
|
| Term Loan Facility Due September 2023 | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000,000
|
|
| Borrowings outstanding |
|
|
|
|
|
|
|
|
|
$ 91,400,000
|
|
|
|
|
|
| Term Loan Agreement Due January 2022 | LIBOR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
0.10%
|
|
|
|
|
|
|
|
|
|
|
|
| Term Loan Agreement Due January 2022 | Other Credit Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument term |
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
€ 100,000,000
|
|
|
|
|
|
112,500,000.0
|
|
|
|
|
|
| Term Loan Agreement Due January 2022 | Other Credit Lines | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
0.40%
|
|
|
|
|
|
|
|
|
|
|
|
| Term Loan Agreement Due January 2022 | Other Credit Lines | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
1.35%
|
|
|
|
|
|
|
|
|
|
|
|
| 2022 Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument term |
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Periodic payment |
$ 6,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Future periodic payment |
$ 12,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2022 Credit Facility | Federal funds rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
0.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2022 Credit Facility | LIBOR for a one-month interest period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2022 Credit Facility | Outstanding under revolving line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
$ 1,750,000,000
|
|
|
|
|
|
|
|
$ 1,750,000,000
|
|
|
|
|
|
|
| 2022 Credit Facility | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
$ 502,500,000
|
|
|
|
|
|
|
|
502,500,000
|
|
|
|
|
|
|
| 4.625% Notes due February 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Extinguishment of debt |
|
|
|
|
|
|
|
|
$ 2,100,000,000
|
2,100,000,000
|
|
|
|
|
|
| Mirror Controls International |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal payments due quarterly | € |
|
€ 312,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument term |
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
| Debt instrument |
|
|
|
|
|
€ 50,000,000
|
|
|
|
$ 56,260,000.00
|
|
|
|
|
|
| Mirror Controls International | Euribor Future | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
|
0.80%
|
|
|
|
|
|
|
|
|
|
| Mirror Controls International | Euribor Future | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
| External Credit Rating, Investment Grade | 2022 Credit Facility | Federal funds rate | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
0.125%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| External Credit Rating, Investment Grade | 2022 Credit Facility | Federal funds rate | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
0.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| External Credit Rating, Investment Grade | 2022 Credit Facility | LIBOR for a one-month interest period | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
1.125%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| External Credit Rating, Investment Grade | 2022 Credit Facility | LIBOR for a one-month interest period | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, basis spread on variable rate (as a percent) |
1.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subsequent Event | Term Loan Facility Due September 2023 | Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank borrowings and long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
$ 33,525,000,000
|
|
|
| Debt instrument |
|
|
|
|
|
|
|
|
|
|
|
|
$ 300,000,000
|
|
|