FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Sep. 28, 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 September 28, 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)	$	—	$	451,551		$	—	$	451,551
Foreign exchange contracts (Note 8)	—		20,287			—		20,287
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	6,267		76,021			—		82,288
Liabilities:								0.003
Foreign exchange contracts (Note 8)	$	—	$	(32,880	)	$	—	$	(32,880	)
	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 September 28, 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	$	507,031	$	500,000	$	513,596	Level 1
Term Loan, including current portion, due in installments through November 2021	679,688		683,086		687,813		689,966		Level 1
Term Loan, including current portion, due in installments through June 2022	471,094		473,449		483,656		485,470		Level 1
5.000% Notes due February 2023	500,000		513,830		500,000		525,292		Level 1
4.750% Notes due June 2025	596,599		605,146		596,387		627,407		Level 1
Euro Term Loan due September 2020	55,804		55,804		59,443		59,443		Level 1
Euro Term Loan due January 2022	117,481		117,481		123,518		123,518		Level 1
Total	$	2,920,666	$	2,955,827	$	2,950,817	$	3,024,692