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Fair Value Measurements (Tables)
12 Months Ended
Mar. 28, 2020
Fair Value Disclosures [Abstract]  
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 March 28, 2020 and March 30, 2019:

 
 
March 28, 2020
(In thousands)
 

Level 1
 

Level 2
 

Level 3
 
Total Fair
Value
Assets
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
656,038

 
$
—

 
$
—

 
$
656,038

Financial institution securities
 
—

 
175,000

 
—

 
175,000

Non-financial institution securities
 
—

 
361,692

 
—

 
361,692

U.S. government and agency securities
 
150,999

 
62,274

 
—

 
213,273

Foreign government and agency securities
 
—

 
244,300

 
—

 
244,300

Short-term investments:
 
 
 
 
 
 
 
 
Financial institution securities
 
—

 
150,000

 
—

 
150,000

Non-financial institution securities
 
—

 
115,043

 
—

 
115,043

U.S. government and agency securities
 
1,000

 
2,000

 
—

 
3,000

Foreign government and agency securities
 
—

 
9,973

 
—

 
9,973

Mortgage-backed securities
 
—

 
158,804

 
—

 
158,804

Asset-backed securities
 
—

 
2,549

 
—

 
2,549

Commercial mortgage-backed securities
 
—

 
50,144

 
—

 
50,144

Total assets measured at fair value
 
$
808,037

 
$
1,331,779

 
$
—

 
$
2,139,816

Liabilities
 
 
 
 
 
 
 
 
Derivative financial instruments, net
 
$
—

 
$
12,381

 
$
—

 
$
12,381

Total liabilities measured at fair value
 
$
—

 
$
12,381

 
$
—

 
$
12,381

Net assets measured at fair value
 
$
808,037

 
$
1,319,398

 
$
—

 
$
2,127,435




 
 
March 30, 2019
(In thousands)
 

Level 1
 

Level 2
 

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