FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jul. 01, 2016

Derivative Instruments and Hedges, Assets [Abstract]

Summary of aggregate notional amount of the Company's outstanding foreign currency forward and swap contracts

As of July 1, 2016, the aggregate notional amount of the Company’s outstanding foreign currency contracts was $4.1 billion as summarized below:

	Foreign Currency Amount		Notional Contract Value in USD
Currency	Buy	Sell	Buy		Sell
	(In thousands)
Cash Flow Hedges
CNY	912,000	—	$	137,283	$	—
EUR	38,380	131,471	42,616		149,493
HUF	15,656,000	—	54,854		—
ILS	101,600	—	26,359		—
INR	1,200,326	—	17,300		—
MXN	1,596,000	—	86,154		—
MYR	184,000	10,000	45,590		2,478
RON	71,600	—	17,567		—
Other	N/A	N/A	35,075		—
			462,798		151,971
Other Foreign Currency Contracts
BRL	—	387,000	—		119,618
CHF	7,341	24,799	7,493		25,317
CNY	889,314	—	133,700		—
DKK	198,100	157,200	29,573		23,468
EUR	827,266	1,019,015	919,695		1,133,079
GBP	33,926	59,056	46,021		80,247
HUF	44,240,000	40,598,000	155,005		142,244
ILS	128,800	124,420	33,416		32,280
INR	5,510,229	13,599	81,695		200
MXN	1,578,370	353,640	85,202		19,090
MYR	348,847	33,900	86,434		8,399
PLN	107,804	59,773	27,076		15,013
RON	102,172	85,811	25,068		21,054
SEK	450,235	817,956	53,085		96,704
Other	N/A	N/A	57,985		26,215
			1,741,448		1,742,928
Total Notional Contract Value in USD			$	2,204,246	$	1,894,899

Schedule of fair value of the derivative instruments utilized for foreign currency risk management purposes

The following table presents the fair value of the Company’s derivative instruments utilized for foreign currency risk management purposes:

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
	Balance Sheet Location	July 1, 2016		March 31, 2016		Balance Sheet Location	July 1, 2016		March 31, 2016
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency contracts	Other current assets	$	6,645	$	5,510	Other current liabilities	$	4,424	$	2,446
Derivatives not designated as hedging instruments
Foreign currency contracts	Other current assets	$	10,744	$	17,138	Other current liabilities	$	7,434	$	18,645