FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Jun. 28, 2019

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 28, 2019
	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)	$	—	$	945,578		$	—	$	945,578
Foreign exchange contracts (Note 10)	—		47,057			—		47,057
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	—		82,430			—		82,430
Liabilities:								0.003
Foreign exchange contracts (Note 10)	$	—	$	(34,696	)	$	—	$	(34,696	)
	Fair Value Measurements as of March 31, 2019
	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)	$	—	$	473,888		$	—	$	473,888
Foreign exchange contracts (Note 10)	—		27,277			—		27,277
Deferred compensation plan assets:								0
Mutual funds, money market accounts and equity securities	2,845		76,852			—		79,697
Liabilities:								0
Foreign exchange contracts (Note 10)	$	—	$	(27,426	)	$	—	$	(27,426	)

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 28, 2019				As of March 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Fair Value Hierarchy
	(In thousands)
4.625% Notes due February 2020	$	250,008	$	252,819	$	500,000	$	499,950	Level 1
Term Loan due November 2021	421,563		424,725		671,563		670,724		Level 1
Term Loan, including current portion, due in installments through June 2022	452,250		454,511		458,531		457,958		Level 1
5.000% Notes due February 2023	500,000		526,881		500,000		499,950		Level 1
Term Loan due April 2024 - three-month Yen LIBOR plus 0.50%	311,455		311,455		—		—		Level 2
4.750% Notes due June 2025	596,925		619,267		596,815		599,940		Level 1
4.875% Notes due June 2029	448,232		455,449		—		—		Level 1
India Facilities	102,108		102,108		170,206		170,206		Level 2
Euro Term Loan due September 2020	52,972		52,972		52,746		52,746		Level 2
Euro Term Loan due January 2022	113,766		113,766		112,524		112,524		Level 2
Total	$	3,249,279	$	3,313,953	$	3,062,385	$	3,063,998