FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Oct. 01, 2021

Derivative Instruments and Hedges, Assets [Abstract]

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

As of October 1, 2021, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $9.4 billion as summarized below: 

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In millions)
Cash Flow Hedges
CNY	4,008	—	$	620	$	—
HUF	38,453	—	124		—
JPY	33,525	—	300		—
MXN	6,533	—	320		—
MYR	482	210	115		50
Other	N/A	N/A	227		68
			1,706		118
Other Foreign Currency Contracts
BRL	11	717	2		132
CAD	106	65	83		51
CNY	3,468	—	535		—
EUR	1,851	1,989	2,153		2,319
GBP	60	83	81		112
HUF	73,443	60,446	237		195
ILS	582	95	181		30
INR	11,398	305	153		4
MXN	7,202	5,645	352		276
MYR	694	192	166		46
SEK	571	657	66		75
SGD	104	56	77		41
Other	N/A	N/A	125		93
			4,211		3,374
Total Notional Contract Value in USD			$	5,917	$	3,492

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	October 1, 2021		March 31, 2021		Balance Sheet Location	October 1, 2021		March 31, 2021
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	11	$	23	Other current liabilities	$	17	$	16
Foreign currency contracts	Other assets	$	—	$	5	Other liabilities	$	2	$	—
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	26	$	31	Other current liabilities	$	27	$	32