FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 26, 2020

Fair Value Disclosures [Abstract]

Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis

The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:

	Total Fair Value		Fair Value Measurement Using (a)
(In thousands)			Level 1		Level 2		Level 3
September 2020
Financial assets:
Cash equivalents:
Money market funds	$	948,543	$	948,543	$	—	$	—
Time deposits	11,872		11,872		—		—
Short-term investments:
Managed income fund	600,000		600,000		—		—
Time deposits	200,000		200,000		—		—
Derivative financial instruments	33,176		—		33,176		—
Deferred compensation	122,956		122,956		—		—
Financial liabilities:
Derivative financial instruments	32,318		—		32,318		—
Deferred compensation	132,094		—		132,094		—
	Total Fair Value		Fair Value Measurement Using (a)
(In thousands)			Level 1		Level 2		Level 3
March 2020
Financial assets:
Cash equivalents:
Money market funds	$	1,211,887	$	1,211,887	$	—	$	—
Time deposits	1,932		1,932		—		—
Derivative financial instruments	91,834		—		91,834		—
Deferred compensation	105,706		105,706		—		—
Financial liabilities:
Derivative financial instruments	14,531		—		14,531		—
Deferred compensation	113,289		—		113,289		—

(a)There were no transfers among the levels within the fair value hierarchy during the six months ended September 2020 or the year ended March 2020.