FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedges, Assets [Abstract]

Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts

As of March 31, 2020, the aggregate notional amount of the Company's outstanding foreign currency derivative contracts was $9.8 billion as summarized below:

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In thousands)
Cash Flow Hedges
CNY	1,430,500	—	$	201,755	$	—
EUR	45,679	38,009	50,075		43,078
ILS	344,500	—	96,283		—
JPY	33,525,000	—	300,000
MXN	5,111,000	—	218,442		—
Other	N/A	N/A	239,421		9,524
			1,105,976		52,602
Other Foreign Currency Contracts
BRL	—	603,000	—		117,999
CNY	4,250,664	331,088	604,494		46,749
EUR	2,080,415	2,203,938	2,278,226		2,413,824
GBP	55,892	78,988	68,333		96,952
HUF	55,435,797	59,591,932	171,813		184,694
ILS	271,500	134,500	75,880		37,591
INR	5,685,000	5,931,167	75,957		79,185
JPY	3,705,195	34,778,855	34,287		321,655
MXN	4,839,428	3,576,516	206,835		152,859
MYR	2,919,100	2,653,490	661,927		601,698
SEK	649,418	711,823	65,373		70,713
Other	N/A	N/A	179,509		114,956
			4,422,634		4,238,875
Total Notional Contract Value in USD			$	5,528,610	$	4,291,477

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 at March 31, 2020 and 2019:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	March 31, 2020		March 31, 2019		Balance Sheet Location	March 31, 2020		March 31, 2019
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	7,257	$	10,503	Other current liabilities	$	46,645	$	10,282
Foreign currency contracts	Other assets	$	13,849	$	—	Other liabilities	$	—	$	—
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	83,086	$	16,774	Other current liabilities	$	102,709	$	17,144