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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 29, 2018
Derivative Instruments and Hedges, Assets [Abstract]  
Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts
As of June 29, 2018, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.0 billion as summarized below:
 
 
Foreign Currency Amount
 
Notional Contract Value in USD
Currency
Buy
 
Sell
 
Buy

Sell
 
(In thousands)
Cash Flow Hedges
 

 
 

 
 
 
 

CNY
2,861,000

 

 
$
433,268

 
$

EUR
69,596

 
71,597

 
81,596

 
83,601

HUF
26,081,080

 

 
92,453

 

ILS
180,070

 
10,500

 
49,447

 
2,883

MXN
4,842,800

 

 
241,956

 

MYR
396,800

 
39,000

 
98,876

 
9,718

RON
163,150

 

 
40,664

 

SGD
45,950

 

 
33,688

 

Other
N/A

 
N/A

 
44,590

 
7,994

 
 

 
 

 
1,116,538

 
104,196

Other Foreign Currency Contracts


 


 


 


BRL

 
596,000

 

 
155,172

CAD
378,908

 
389,644

 
285,129

 
293,208

CNY
2,879,061

 
1,365,680

 
438,131

 
206,927

EUR
1,657,947

 
1,855,760

 
1,923,257

 
2,153,525

GBP
35,446

 
63,881

 
46,615

 
84,113

HUF
29,643,799

 
31,298,908

 
105,083

 
110,950

INR
3,767,477

 
1,353,258

 
55,634

 
19,751

MXN
2,403,304

 
2,017,270

 
120,074

 
100,787

MYR
541,260

 
287,330

 
134,873

 
71,598

SGD
86,283

 
48,930

 
63,257

 
35,872

Other
N/A

 
N/A

 
182,696

 
151,951

 
 

 
 

 
3,354,749

 
3,383,854




 


 


 


Total Notional Contract Value in USD
 

 
 

 
$
4,471,287

 
$
3,488,050

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
 
June 29,
2018
 
March 31,
2018
 
Balance Sheet
Location
 
June 29,
2018
 
March 31,
2018
 
(In thousands)
Derivatives designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
3,539

 
$
19,422

 
Other current liabilities
 
$
37,996

 
$
7,065

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
12,110

 
$
23,912

 
Other current liabilities
 
$
20,252

 
$
18,246