Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
 9 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
(In thousands) December 2022 March 2022 December 2021
Finished products $ 2,535,759  $ 1,353,483  $ 1,218,099 
Work-in-process 41,307  50,774  49,933 
Raw materials 14,849  14,416  19,178 
Total inventories $ 2,591,915  $ 1,418,673  $ 1,287,210 
During the first quarter of Fiscal 2023, the Company modified terms with the majority of its suppliers to take ownership of inventory near point of shipment rather than destination. Finished products included $509.3 million, $67.7 million and $94.2 million of in-transit inventory as of December 2022, March 2022 and December 2021, respectively.