FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Apr. 03, 2021

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
March 2021
Financial assets:
Cash equivalents:
Money market funds	$	216,591	$	216,591	$	—	$	—
Time deposits	102,914		102,914		—		—
Short-term investments	598,806		598,806		—		—
Derivative financial instruments	13,257		—		13,257		—
Deferred compensation	141,072		141,072		—		—
Financial liabilities:
Derivative financial instruments	74,255		—		74,255		—
Deferred compensation	150,713		—		150,713		—
Contingent consideration	207,000		—		—		207,000
	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 years ended March 2021 or 2020.

Schedule of Contingent Consideration Liability Designated as Level 3

The following table presents the changes in fair value of the contingent consideration liability designated as Level 3:

(In thousands)	Fair Value
Balance, March 2020	$	—
Acquisition	207,000
Adjustment	—
Balance, March 2021	$	207,000