FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2019, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.5 billion as summarized below: 

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In thousands)
Cash Flow Hedges
CNY	1,150,500	—	$	164,376	$	—
EUR	40,108	45,480	44,695		51,528
HUF	24,594,000	—	82,980		—
ILS	222,000	—	64,197		—
JPY	33,525,000	—	300,000		—
MXN	3,840,000	—	203,768		—
MYR	256,000	30,000	61,801		7,242
RON	177,000	—	41,309		—
Other	N/A	N/A	93,062		—
			1,056,188		58,770
Other Foreign Currency Contracts
BRL	—	1,030,000	—		253,982
CAD	61,635	35,624	47,100		27,223
CNY	3,531,534	140,048	500,586		20,000
EUR	1,891,736	2,090,728	2,109,548		2,329,869
GBP	48,512	63,795	63,479		83,458
HUF	60,687,931	58,055,222	204,760		195,877
ILS	111,600	47,600	32,272		13,765
INR	8,051,000	6,956,674	112,834		97,495
JPY	2,832,862	2,215,532	25,865		20,242
MXN	5,106,692	3,870,080	270,984		205,364
MYR	1,060,570	817,890	256,034		197,448
PLN	117,246	82,118	30,733		21,525
SEK	529,107	611,979	56,023		65,493
SGD	98,938	63,959	73,168		47,300
Other	N/A	N/A	41,622		26,027
			3,825,008		3,605,068
Total Notional Contract Value in USD			$	4,881,196	$	3,663,838

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	December 31, 2019		March 31, 2019		Balance Sheet Location	December 31, 2019		March 31, 2019
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	9,113	$	10,503	Other current liabilities	$	10,284	$	10,282
Foreign currency contracts	Other assets	$	9,782	$	—	Other liabilities	$	—	$	—
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	27,147	$	16,774	Other current liabilities	$	21,347	$	17,144