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FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Dec. 31, 2012
FINANCIAL INSTRUMENTS  
Schedule of aggregate notional amount of the outstanding foreign currency forward and swap contracts

 

 

 

 

Foreign Currency Amount

 

Notional Contract Value in USD

 

Currency

 

Buy

 

Sell

 

Buy

 

Sell

 

 

 

(In thousands)

 

Cash Flow Hedges

 

 

 

 

 

 

 

 

 

CNY

 

2,861,000

 

 

$

458,795

 

$

 

EUR

 

16,023

 

4,300

 

21,228

 

5,697

 

HUF

 

11,150,000

 

 

50,800

 

 

ILS

 

119,000

 

 

31,938

 

 

MXN

 

1,477,900

 

 

113,974

 

 

MYR

 

350,100

 

 

114,393

 

 

SGD

 

36,900

 

 

30,199

 

 

Other

 

N/A

 

N/A

 

56,367

 

1,350

 

 

 

 

 

 

 

877,694

 

7,047

 

Other Forward/Swap Contracts

 

 

 

 

 

 

 

 

 

BRL

 

152,600

 

314,100

 

74,723

 

153,805

 

CAD

 

101,692

 

110,264

 

102,512

 

111,203

 

CNY

 

125,225

 

 

20,000

 

 

EUR

 

586,095

 

642,895

 

774,857

 

849,907

 

GBP

 

30,647

 

49,291

 

49,488

 

79,737

 

HUF

 

7,446,700

 

6,471,000

 

33,927

 

29,482

 

JPY

 

7,617,639

 

4,454,641

 

88,929

 

52,670

 

MXN

 

1,298,860

 

882,855

 

100,167

 

68,085

 

MYR

 

206,930

 

17,376

 

67,613

 

5,678

 

SEK

 

1,054,161

 

1,705,383

 

162,100

 

262,050

 

SGD

 

38,792

 

5,788

 

31,748

 

4,737

 

Other

 

N/A

 

N/A

 

143,278

 

68,135

 

 

 

 

 

 

 

1,649,342

 

1,685,489

 

 

 

 

 

 

 

 

 

 

 

Total Notional Contract Value in USD

 

 

 

 

 

$

2,527,036

 

$

1,692,536

 

Schedule of fair value of the derivative instruments located on the condensed consolidated balance sheets utilized for foreign currency risk management purposes

 

 

 

 

Fair Values of Derivative Instruments

 

 

 

Asset Derivatives

 

Liability Derivatives

 

 

 

 

 

Fair Value

 

 

 

Fair Value

 

 

 

Balance Sheet
Location

 

December 31,
2012

 

March 31,
2012

 

Balance Sheet
Location

 

December 31,
2012

 

March 31,
2012

 

 

 

(In thousands)

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

15,145

 

$

10,075

 

Other current liabilities

 

$

1,132

 

$

1,905

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

9,644

 

$

10,894

 

Other current liabilities

 

$

14,162

 

$

6,200