SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Summary of the activity in the Company's allowance for doubtful accounts

The following table summarizes the activity in the Company's allowance for doubtful accounts during fiscal years 2020, 2019 and 2018:

	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions/ Write-Offs			Balance at End of Year
	(In thousands)
Allowance for doubtful accounts:
Year ended March 31, 2018	$	57,302	$	8,225	$	(5,476	)	$	60,051
Year ended March 31, 2019 (1)	60,051		41,977		(10,632		)	91,396
Year ended March 31, 2020 (1)	91,396		23,732		(19,198		)	95,930

(1) Charges incurred during fiscal years 2020 and 2019 are primarily for costs and expenses related to various distressed customers.

Schedule of cash and cash equivalents

Cash and cash equivalents consisted of the following:

	As of March 31,
	2020		2019
	(In thousands)
Cash and bank balances	$	1,519,029	$	1,222,737
Money market funds and time deposits	403,657		473,888
	$	1,922,686	$	1,696,625

Schedule of components of inventories

The components of inventories, net of applicable lower of cost or net realizable value write-downs, were as follows:

	As of March 31,
	2020		2019
	(In thousands)
Raw materials	$	2,835,582	$	2,922,101
Work-in-progress	373,513		366,135
Finished goods	575,978		434,618
	$	3,785,073	$	3,722,854

Schedule of property and equipment, net

Property and equipment is comprised of the following:

	Depreciable Life (In Years)	As of March 31,
		2020			2019
		(In thousands)
Machinery and equipment	3 - 10	$	3,265,387		$	3,305,335
Buildings	30	1,085,887			1,111,708
Leasehold improvements	up to 30	510,404			453,119
Furniture, fixtures, computer equipment and software	3 - 7	491,959			501,994
Land	—	112,016			121,976
Construction-in-progress	—	271,026			291,458
		5,736,679			5,785,590
Accumulated depreciation and amortization		(3,520,688		)	(3,449,377		)
Property and equipment, net		$	2,215,991		$	2,336,213

Schedule of goodwill

The following table summarizes the activity in the Company's goodwill during fiscal years 2020 and 2019 (in thousands):

	HRS			IEI			CEC			CTG			Total
Balance, as of March 31, 2018	$	550,983		$	337,707		$	124,732		$	107,748		$	1,121,170
Additions (1)	—			—			10,984			—			10,984
Divestitures (2)	(5,303		)	(4,450		)	(6,391		)	(4,484		)	(20,628		)
Foreign currency translation adjustments (3)	(38,471		)	—			—			—			(38,471		)
Balance, as of March 31, 2019	507,209			333,257			129,325			103,264			1,073,055
Divestitures (2)	(1,102		)	(137		)	—			—			(1,239		)
Foreign currency translation adjustments (3)	(7,263		)	—			—			—			(7,263		)
Balance, as of March 31, 2020	$	498,844		$	333,120		$	129,325		$	103,264		$	1,064,553

_______________________________________________________________________________

(1) The goodwill generated from the Company's business combinations completed during the fiscal year 2019 are primarily related to value placed on the employee workforce, service offerings, capabilities and expected synergies. The goodwill is not deductible for income tax purposes. Refer to the discussion of the Company's business acquisitions in note 18.

(2) During the fiscal year ended March 31, 2019, the Company divested its China-based Multek operations along with another non-strategic immaterial business, and as a result, recorded an aggregate reduction of goodwill of $20.6 million.

(3)

During the fiscal years ended March 31, 2020 and 2019, the Company recorded $7.3 million and $38.5 million, respectively, of foreign currency translation adjustments primarily related to historical acquisitions, as the U.S. Dollar fluctuated against foreign currencies.

Schedule of components of acquired intangible assets

The components of acquired intangible assets are as follows:

	As of March 31, 2020							As of March 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)
Intangible assets:
Customer-related intangibles	$	275,678	$	(128,155	)	$	147,523	$	297,306	$	(113,627	)	$	183,679
Licenses and other intangibles	244,917		(130,022		)	114,895		274,604		(127,288		)	147,316
Total	$	520,595	$	(258,177	)	$	262,418	$	571,910	$	(240,915	)	$	330,995

Schedule of estimated future annual amortization expense for intangible assets

The estimated future annual amortization expense for acquired intangible assets is as follows:

Fiscal Year Ending March 31,	Amount
	(In thousands)
2021	$	59,798
2022	51,422
2023	43,797
2024	42,262
2025	37,343
Thereafter	27,796
Total amortization expense	$	262,418