FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Sep. 25, 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 September 25, 2020, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.9 billion as summarized below: 

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In millions)
Cash Flow Hedges
CNY	1,958	—	$	288	$	—
JPY	33,525	—	300		—
MXN	4,946	—	223		—
Other	N/A	N/A	356		71
			1,167		71
Other Foreign Currency Contracts
BRL	—	792	—		143
CNY	4,062	1,316	591		193
EUR	1,834	1,997	2,144		2,335
GBP	69	89	88		114
HUF	53,376	52,554	170		168
ILS	354	—	102		—
MXN	4,550	2,833	205		128
MYR	1,618	1,290	390		311
SEK	634	748	72		83
Other	N/A	N/A	213		209
			3,975		3,684
Total Notional Contract Value in USD			$	5,142	$	3,755

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	September 25, 2020		March 31, 2020		Balance Sheet Location	September 25, 2020		March 31, 2020
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	22	$	7	Other current liabilities	$	13	$	47
Foreign currency contracts	Other assets	$	19	$	14	Other liabilities	$	—	$	—
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	26	$	83	Other current liabilities	$	21	$	103