FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Dec. 31, 2016

As of December 31, 2016, the aggregate notional amount of the Company’s outstanding foreign currency contracts was $4.8 billion as summarized below:



	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In thousands)
Cash Flow Hedges
CNY	1,037,000	—	$	148,969	$	—
EUR	36,268	56,358	37,693		64,046
HUF	16,053,300	—	54,006		—
ILS	86,441	—	22,413		—
INR	1,314,549	—	19,100		—
MXN	1,775,000	—	85,636		—
MYR	139,000	9,000	31,013		2,008
RON	95,661	—	21,901		—
Other	N/A	N/A	34,172		12,223
			454,903		78,277
Other Foreign Currency Contracts
BRL	—	443,000	—		134,946
CNY	4,319,620	2,035,392	620,177		292,391
DKK	187,400	157,200	26,201		21,979
EUR	874,957	1,385,620	913,218		1,444,927
GBP	35,110	65,145	42,969		79,940
HUF	29,285,732	24,552,611	98,522		82,599
ILS	62,640	59,420	16,241		15,407
INR	4,040,788	677,800	59,242		10,000
MXN	1,718,039	1,155,529	82,888		55,749
MYR	383,028	89,800	85,459		20,036
PLN	122,243	70,681	28,864		16,689
SGD	44,800	11,150	30,846		7,677
Other	N/A	N/A	54,729		67,304
			2,059,356		2,249,644

Total Notional Contract Value in USD			$	2,514,259	$	2,327,921

The following table presents the fair value of the Company’s derivative instruments utilized for foreign currency risk management purposes:



	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	December 31, 2016		March 31, 2016		Balance Sheet Location	December 31, 2016		March 31, 2016
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	7,681	$	5,510	Other current liabilities	$	9,933	$	2,446

Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	20,254	$	17,138	Other current liabilities	$	12,995	$	18,645