XML 45 R31.htm IDEA: XBRL DOCUMENT v3.20.2
FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 26, 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 June 26, 2020, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $9.5 billion as summarized below: 
 Foreign Currency AmountNotional Contract Value in USD
CurrencyBuySellBuySell
 (In thousands)
Cash Flow Hedges   
CNY1,405,500  —  $198,674  $—  
JPY33,525,000  —  300,000  —  
MXN4,416,000  —  195,603  —  
OtherN/AN/A341,318  34,874  
   1,035,595  34,874  
Other Foreign Currency Contracts
BRL—  814,000  —  154,865  
CNY6,248,223  2,609,172  880,450  368,858  
EUR2,068,053  2,262,983  2,327,007  2,541,864  
GBP62,624  82,744  77,883  102,857  
HUF63,675,232  63,537,453  204,053  203,611  
ILS403,491  64,100  117,427  18,655  
INR5,500,000  6,495,390  72,630  85,722  
MXN3,885,763  2,446,456  172,117  108,364  
MYR1,163,860  934,940  272,222  218,679  
SEK652,526  734,086  68,873  78,835  
OtherN/AN/A213,584  147,837  
   4,406,246  4,030,147  
Total Notional Contract Value in USD  $5,441,841  $4,065,021  
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 DerivativesLiability Derivatives
  Fair Value Fair Value
 Balance Sheet
Location
June 26,
2020
March 31,
2020
Balance Sheet
Location
June 26,
2020
March 31,
2020
 (In thousands)
Derivatives designated as hedging instruments      
Foreign currency contractsOther current assets$16,150  $7,257  Other current liabilities$16,983  $46,645  
Foreign currency contractsOther assets$15,314  $13,849  Other liabilities$—  $—  
Derivatives not designated as hedging instruments      
Foreign currency contractsOther current assets$29,816  $83,086  Other current liabilities$31,291  $102,709