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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 28, 2019
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 28, 2019, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.1 billion as summarized below: 
 
Foreign Currency Amount
 
Notional Contract Value in USD
Currency
Buy
 
Sell
 
Buy

Sell
 
(In thousands)
Cash Flow Hedges
 

 
 

 
 
 
 

CNY
1,741,500

 

 
$
252,923

 
$

EUR
45,320

 

 
51,279

 

HUF
34,791,000

 

 
122,360

 

ILS
191,000

 

 
53,226

 

JPY
33,525,000

 

 
300,000

 

MXN
4,564,000

 

 
238,323

 

MYR
265,000

 
43,000

 
63,940

 
10,375

PLN
162,000

 

 
43,262

 

RON
247,000

 

 
59,518

 

Other
N/A

 
N/A

 
42,325

 
3,640

 
 

 
 

 
1,227,156

 
14,015

Other Foreign Currency Contracts


 


 


 


BRL

 
721,000

 

 
187,448

CAD
76,286

 
53,135

 
58,052

 
40,435

CNY
3,294,464

 
553,285

 
477,927

 
80,355

EUR
1,793,083

 
2,068,220

 
2,038,027

 
2,348,603

GBP
38,873

 
51,524

 
49,287

 
65,328

HUF
59,355,877

 
56,809,178

 
208,756

 
199,799

ILS
162,500

 
25,400

 
45,284

 
7,078

INR
8,058,300

 
7,262,247

 
116,523

 
104,995

JPY
3,006,895

 
4,989,750

 
27,880

 
46,307

MXN
3,059,758

 
2,119,949

 
159,774

 
110,699

MYR
724,260

 
386,510

 
174,752

 
93,259

SEK
399,558

 
457,749

 
42,538

 
49,440

SGD
57,378

 
34,869

 
42,402

 
25,768

Other
N/A

 
N/A

 
59,544

 
41,126

 
 

 
 

 
3,500,746

 
3,400,640




 


 


 


Total Notional Contract Value in USD
 

 
 

 
$
4,727,902

 
$
3,414,655


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 28,
2019
 
March 31,
2019
 
Balance Sheet
Location
 
June 28,
2019
 
March 31,
2019
 
(In thousands)
Derivatives designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
7,720

 
$
10,503

 
Other current liabilities
 
$
14,291

 
$
10,282

Foreign currency contracts
Other assets
 
$
18,454

 
$

 
Other liabilities
 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 

 
 

 
 
 
 

 
 

Foreign currency contracts
Other current assets
 
$
20,883

 
$
16,774

 
Other current liabilities
 
$
20,405

 
$
17,144