FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jan. 01, 2022

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 2021
Financial assets:
Cash equivalents:
Money market funds	$	346,657	$	346,657	$	—	$	—
Time deposits	305,576		305,576		—		—
Derivative financial instruments	57,466		—		57,466		—
Deferred compensation	139,551		139,551		—		—
Financial liabilities:
Derivative financial instruments	32,987		—		32,987		—
Deferred compensation	145,399		—		145,399		—
Contingent consideration	49,000		—		—		49,000
	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

(a)There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2021 or the year ended March 2021.

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)	Three Months Ended December 2021		Nine Months Ended December 2021
Beginning Balance	$	99,000	$	207,000
Change in fair value	(50,000)		(158,000)
Ending Balance	$	49,000	$	49,000