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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 27, 2014
FINANCIAL INSTRUMENTS  
Summary of aggregate notional amount of the Company's 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

 

3,302,000

 

 

$

529,650

 

$

 

EUR

 

15,113

 

29,518

 

20,598

 

40,120

 

HUF

 

10,532,000

 

 

46,767

 

 

PLN

 

83,000

 

 

27,316

 

 

MXN

 

1,935,600

 

 

148,749

 

 

MYR

 

294,850

 

 

91,449

 

 

SGD

 

34,230

 

 

27,382

 

 

Other

 

N/A

 

N/A

 

31,373

 

450

 

 

 

 

 

 

 

923,284

 

40,570

 

Other Forward/Swap Contracts

 

 

 

 

 

 

 

 

 

BRL

 

 

348,000

 

 

157,694

 

CAD

 

138,591

 

120,959

 

128,472

 

112,374

 

CNY

 

666,823

 

 

106,943

 

 

EUR

 

485,286

 

654,488

 

661,247

 

891,706

 

GBP

 

29,972

 

55,750

 

50,857

 

94,535

 

HUF

 

18,963,300

 

20,835,600

 

84,206

 

92,520

 

JPY

 

5,490,146

 

2,172,817

 

53,897

 

21,324

 

MXN

 

1,217,840

 

712,520

 

93,590

 

54,757

 

MYR

 

211,344

 

21,655

 

65,549

 

6,716

 

SEK

 

486,657

 

852,268

 

72,314

 

126,916

 

Other

 

N/A

 

N/A

 

176,694

 

140,468

 

 

 

 

 

 

 

1,493,769

 

1,699,010

 

 

 

 

 

 

 

 

 

 

 

Total Notional Contract Value in USD

 

 

 

 

 

$

2,417,053

 

$

1,739,580

 

Schedule of fair value of the 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 27,
2014

 

March 31,
2014

 

Balance Sheet
Location

 

June 27,
2014

 

March 31,
2014

 

 

 

(In thousands)

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

6,007

 

$

3,464

 

Other current liabilities

 

$

6,763

 

$

10,457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

Other current assets

 

$

3,574

 

$

4,722

 

Other current liabilities

 

$

4,077

 

$

6,949