FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 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
December 2020
Financial assets:
Cash equivalents:
Money market funds	$	546,719	$	546,719	$	—	$	—
Time deposits	17,408		17,408		—		—
Short-term investments	599,403		599,403		—		—
Derivative financial instruments	16,209		—		16,209		—
Deferred compensation	135,710		135,710		—		—
Financial liabilities:
Derivative financial instruments	97,835		—		97,835		—
Deferred compensation	148,179		—		148,179		—
	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 nine months ended December 2020 or the year ended March 2020.