FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Apr. 02, 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
March 2022
Financial assets:
Cash equivalents:
Money market funds	$	324,868	$	324,868	$	—	$	—
Time deposits	1,100		1,100		—		—
Derivative financial instruments	79,046		—		79,046		—
Deferred compensation	125,323		125,323		—		—
Financial liabilities:
Derivative financial instruments	27,723		—		27,723		—
Deferred compensation	129,078		—		129,078		—
Contingent consideration	56,976		—		—		56,976
	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 years ended March 2022 or 2021.

Schedule of Contingent Consideration Liability Designated as Level 3

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

	Year Ended
(In thousands)	March 2022
Beginning Balance	$	207,000
Change in fair value	(150,024)
Ending Balance	$	56,976