FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Dec. 31, 2015

As of December 31, 2015, the aggregate notional amount of the Company’s outstanding foreign currency contracts was $4.8 billion as summarized below:



	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In thousands)
Cash Flow Hedges
CNY	1,200,000	—	$	185,037	$	—
EUR	7,620	84,326	8,310		94,578
HUF	13,942,000	—	48,497		—
ILS	101,200	—	25,952		—
MXN	1,500,000	—	87,165		—
MYR	176,000	38,364	41,040		8,946
Other	N/A	N/A	45,989		—
			441,990		103,524
Other Foreign Currency Contracts
BRL	—	882,000	—		228,078
CHF	18,567	42,711	18,678		43,023
CNY	2,872,861	260,000	441,198		40,091
DKK	201,200	155,700	29,401		22,752
EUR	871,627	1,175,211	948,765		1,277,835
GBP	34,157	59,746	50,616		88,620
HUF	49,154,000	48,935,000	170,982		170,221
INR	2,100,628	106,646	31,502		1,600
MXN	1,905,960	818,430	110,756		47,559
MYR	377,341	78,800	87,989		18,375
PLN	97,018	52,401	25,011		13,509
SEK	675,375	999,944	79,732		117,772
SGD	42,071	9,360	29,745		6,618
Other	N/A	N/A	69,545		47,915
			2,093,920		2,123,968

Total Notional Contract Value in USD			$	2,535,910	$	2,227,492

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	December 31, 2015		March 31, 2015		Balance Sheet Location	December 31, 2015		March 31, 2015
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	4,546	$	2,896	Other current liabilities	$	3,501	$	19,729

Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	16,689	$	22,933	Other current liabilities	$	20,153	$	11,328