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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 28, 2013
FINANCIAL INSTRUMENTS  
Schedule of aggregate notional amount of the outstanding foreign currency forward and swap contracts

As of June 28, 2013, the aggregate notional amount of the Company’s outstanding foreign currency forward and swap contracts was $4.1 billion as summarized below:

 

 

 

Foreign Currency Amount

 

Notional Contract Value in USD

 

Currency

 

Buy

 

Sell

 

Buy

 

Sell

 

 

 

(In thousands)

 

Cash Flow Hedges

 

 

 

 

 

 

 

 

 

CNY

 

3,257,900

 

 

$

529,998

 

$

 

EUR

 

9,345

 

11,182

 

12,154

 

14,961

 

HUF

 

12,438,000

 

 

54,603

 

 

ILS

 

24,400

 

 

6,707

 

 

MXN

 

1,692,900

 

 

128,531

 

 

MYR

 

271,700

 

 

84,800

 

 

SGD

 

40,250

 

 

31,587

 

 

Other

 

N/A

 

N/A

 

61,881

 

 

 

 

 

 

 

 

910,261

 

14,961

 

Other Forward/Swap Contracts

 

 

 

 

 

 

 

 

 

BRL

 

113,500

 

73,500

 

51,874

 

33,592

 

CAD

 

110,256

 

126,644

 

105,564

 

121,281

 

CNY

 

1,605,223

 

4,900

 

260,725

 

797

 

EUR

 

535,510

 

612,755

 

697,845

 

797,023

 

GBP

 

32,857

 

57,351

 

50,317

 

87,728

 

HUF

 

14,272,300

 

15,997,600

 

62,656

 

70,230

 

JPY

 

8,472,067

 

5,145,773

 

86,546

 

52,538

 

MXN

 

1,339,160

 

844,290

 

101,674

 

64,102

 

MYR

 

189,515

 

35,630

 

59,149

 

11,120

 

SEK

 

581,969

 

754,807

 

86,808

 

112,181

 

SGD

 

35,511

 

10,039

 

27,867

 

7,878

 

Other

 

N/A

 

N/A

 

149,230

 

66,843

 

 

 

 

 

 

 

1,740,255

 

1,425,313

 

 

 

 

 

 

 

 

 

 

 

Total Notional Contract Value in USD

 

 

 

 

 

$

2,650,516

 

$

1,440,274

 

 

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

 

June 28,
2013

 

March 31,
2013

 

Balance Sheet
Location

 

June 28,
2013

 

March 31,
2013

 

 

 

(In thousands)

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

5,946

 

$

11,032

 

Other current liabilities

 

$

11,407

 

$

3,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

9,261

 

$

16,531

 

Other current liabilities

 

$

14,981

 

$

11,291