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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedges, Assets [Abstract]  
Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts
As of March 31, 2016, the aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts was $4.3 billion as summarized below:
 
Foreign Currency
Amount
 
Notional Contract
Value in USD
Currency
Buy
 
Sell
 
Buy
 
Sell
 
(In thousands)
Cash Flow Hedges
 
 
 
 
 
 
 
CNY
1,076,000

 

 
$
165,373

 
$

EUR
15,030

 
75,135

 
16,977

 
85,374

HUF
14,759,000

 

 
53,090

 

ILS
122,000

 

 
32,072

 

MXN
1,503,000

 

 
86,823

 

MYR
180,000

 
18,200

 
45,023

 
4,552

PLN
56,400

 

 
15,004

 

Other
N/A

 
N/A

 
40,621

 

 
 
 
 
 
454,983

 
89,926

Other Forward/Swap Contracts
 
 
 
 
 
 
 
BRL

 
440,000

 

 
120,892

CHF
8,420

 
24,760

 
8,716

 
25,629

CNY
885,136

 

 
135,739

 

DKK
203,100

 
157,200

 
30,777

 
23,821

EUR
959,000

 
1,213,691

 
1,080,754

 
1,364,808

GBP
34,693

 
58,825

 
49,810

 
84,354

HUF
20,063,000

 
17,734,000

 
72,169

 
63,791

ILS
79,900

 
69,520

 
21,004

 
18,276

INR
2,843,900

 
20,170

 
42,708

 
300

MXN
1,885,860

 
746,330

 
108,940

 
43,113

MYR
391,491

 
79,400

 
97,922

 
19,860

PLN
137,548

 
84,861

 
36,593

 
22,576

RON
78,424

 
66,870

 
19,836

 
16,913

SEK
473,954

 
821,132

 
57,697

 
99,637

Other
N/A

 
N/A

 
54,157

 
31,296

 
 
 
 
 
1,816,822

 
1,935,266

Total Notional Contract Value in USD
 
 
 
 
$
2,271,805

 
$
2,025,192

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 at March 31, 2016 and 2015:
 
Fair Values of Derivative Instruments
 
Asset Derivatives
 
Liability Derivatives
 
 
 
Fair Value
 
 
 
Fair Value
 
Balance Sheet
Location
 
March 31,
2016
 
March 31,
2015
 
Balance Sheet
Location
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
5,510

 
$
2,896

 
Other current liabilities
 
$
2,446

 
$
19,729

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
Other current assets
 
$
17,138

 
$
22,933

 
Other current liabilities
 
$
18,645

 
$
11,328