FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 29, 2018

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis:

	Fair Value Measurements as of June 29, 2018
	Level 1		Level 2			Level 3		Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	464,671		$	—	$	464,671
Foreign exchange contracts (Note 8)	—		15,649			—		15,649
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	7,210		69,038			—		76,248
Liabilities:								0
Foreign exchange contracts (Note 8)	$	—	$	(58,248	)	$	—	$	(58,248	)
	Fair Value Measurements as of March 31, 2018
	Level 1		Level 2			Level 3		Total
	(In thousands)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)	$	—	$	452,622		$	—	$	452,622
Foreign exchange contracts (Note 8)	—		43,334			—		43,334
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	7,196		67,532			—		74,728
Liabilities:								0
Foreign exchange contracts (Note 8)	$	—	$	(25,311	)	$	—	$	(25,311	)

Schedule of debt not carried at fair value

The following table presents the Company’s major debts not carried at fair value:

	As of June 29, 2018				As of March 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
4.625% Notes due February 2020	$	500,000	$	499,950	$	500,000	$	513,596	Level 1
Term Loan, including current portion, due in installments through November 2021	683,750		686,314		687,813		689,966		Level 1
Term Loan, including current portion, due in installments through June 2022	477,375		477,375		483,656		485,470		Level 1
5.000% Notes due February 2023	500,000		499,950		500,000		525,292		Level 1
4.750% Notes due June 2025	596,492		599,940		596,387		627,407		Level 1
Euro Term Loan due September 2020	55,797		55,797		59,443		59,443		Level 1
Euro Term Loan due January 2022	115,942		115,942		123,518		123,518		Level 1
Total	$	2,929,356	$	2,935,268	$	2,950,817	$	3,024,692