XML 45 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Sep. 29, 2017
Derivative Instruments and Hedges, Assets [Abstract]  
Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts
As of September 29, 2017, the aggregate notional amount of the Company’s outstanding foreign currency contracts was $7.8 billion as summarized below:
 
 
Foreign Currency Amount
 
Notional Contract Value in USD
Currency
Buy
 
Sell
 
Buy

Sell
 
(In thousands)
Cash Flow Hedges
 

 
 

 
 
 
 

CNY
1,966,000

 

 
$
295,973

 
$

EUR
27,750

 
104,595

 
32,555

 
121,947

HUF
18,773,250

 

 
70,800

 

INR
1,577,172

 

 
24,000

 

MXN
2,906,280

 

 
160,501

 

MYR
134,500

 
51,000

 
32,088

 
12,167

RON
104,130

 

 
26,573

 

SGD
31,300

 

 
23,033

 

Other
N/A

 
N/A

 
45,734

 
5,206

 
 

 
 

 
711,257

 
139,320

Other Foreign Currency Contracts


 


 


 


BRL

 
706,000

 

 
221,407

CAD
233,429

 
246,916

 
188,706

 
199,609

CHF
13,160

 
31,378

 
13,502

 
32,192

CNY
1,554,257

 

 
234,000

 

DKK
187,600

 
158,800

 
29,576

 
25,036

EUR
1,926,154

 
2,309,322

 
2,261,811

 
2,713,000

GBP
34,051

 
63,058

 
45,574

 
84,125

HUF
18,465,506

 
20,671,489

 
69,639

 
77,959

ILS
162,700

 
97,800

 
45,932

 
27,610

INR
4,090,000

 
277,061

 
62,243

 
4,200

MXN
2,968,175

 
1,906,930

 
163,920

 
105,312

MYR
387,400

 
56,450

 
92,423

 
13,467

SEK
173,247

 
263,957

 
21,487

 
32,355

Other
N/A

 
N/A

 
93,599

 
59,170

 
 

 
 

 
3,322,412

 
3,595,442




 


 


 


Total Notional Contract Value in USD
 

 
 

 
$
4,033,669

 
$
3,734,762

Schedule of fair value of the derivative instruments utilized for foreign currency risk management purposes
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
 
September 29,
2017
 
March 31,
2017
 
Balance Sheet
Location
 
September 29,
2017
 
March 31,
2017
 
(In thousands)
Derivatives designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
8,422

 
$
11,936

 
Other current liabilities
 
$
7,691

 
$
1,814

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
28,151

 
$
10,086

 
Other current liabilities
 
$
25,777

 
$
9,928