FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jun. 28, 2024

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of Aggregate Notional Amount of the Company's Outstanding Foreign Currency Forward and Swap Contracts

As of June 28, 2024, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.8 billion as summarized below: 

	Notional Contract Value in USD
Currency	Buy		Sell
	(in millions)
Cash Flow Hedges
HUF	$	437	$	—
MXN	515		—
Other	539		27
	1,491		27
Other Foreign Currency Contracts
CNY	424		89
EUR	1,856		1,705
JPY	16		467
MXN	429		383
MYR	275		115
Other	703		801
	3,703		3,560
Total Notional Contract Value in USD	$	5,194	$	3,587

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	June 28, 2024		March 31, 2024		Balance Sheet Location	June 28, 2024		March 31, 2024
	(In millions)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	7	$	45	Other current liabilities	$	(29)	$	(9)
Foreign currency contracts	Other non-current assets	$	—	$	—	Other non-current liabilities	$	(31)	$	(33)
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	22	$	14	Other current liabilities	$	(27)	$	(10)