Fair Value Measurements (Tables)

3 Months Ended

Jun. 29, 2019

Assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis as of June 29, 2019 and March 30, 2019:



	June 29, 2019
(In thousands)	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	585,075	$	—	$	—	$	585,075
Financial institution securities	—		209,853		—		209,853
Non-financial institution securities	—		179,408		—		179,408
U.S. government and agency securities	149,935		12,304		—		162,239
Foreign government and agency securities	—		364,461		—		364,461
Short-term investments:
Financial institution securities	—		300,000		—		300,000
Non-financial institution securities	—		132,405		—		132,405
U.S. government and agency securities	67,095		38,082		—		105,177
Foreign government and agency securities	—		34,946		—		34,946
Mortgage-backed securities	—		576,547		—		576,547
Asset-backed securities	—		50,271		—		50,271
Commercial mortgage-backed securities	—		93,765		—		93,765
Long-term investments:
Debt mutual fund	—		54,849		—		54,849
Derivative financial instruments, net	—		1,306		—		1,306
Total assets measured at fair value	$	802,105	$	2,048,197	$	—	$	2,850,302



	March 30, 2019
(In thousands)	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets
Cash equivalents:
Money market funds	$	428,150	$	—	$	—	$	428,150
Financial institution securities	—		287,945		—		287,945
Non-financial institution securities	—		461,884		—		461,884
U.S. government and agency securities	149,578		53,520		—		203,098
Foreign government and agency securities	—		99,750		—		99,750
Short-term investments:
Financial institution securities	—		249,850		—		249,850
Non-financial institution securities	—		240,040		—		240,040
U.S. government and agency securities	93,149		37,838		—		130,987
Foreign government and agency securities	—		114,705		—		114,705
Mortgage-backed securities	—		670,770		—		670,770
Debt mutual fund	—		31,934		—		31,934
Asset-backed securities	—		76,369		—		76,369
Commercial mortgage-backed securities	—		116,539		—		116,539
Long-term investments:
Debt mutual fund	—		53,433		—		53,433
Total assets measured at fair value	$	670,877	$	2,494,577	$	—	$	3,165,454
Liabilities
Derivative financial instruments, net	$	—	$	9,009	$	—	$	9,009
Total liabilities measured at fair value	$	—	$	9,009	$	—	$	9,009
Net assets measured at fair value	$	670,877	$	2,485,568	$	—	$	3,156,445

Changes in Level 3 instruments measured at fair value on a recurring basis