FAIR VALUE MEASUREMENTS

6 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

The Company measures certain financial assets and liabilities at fair value on a recurring basis. Refer to Note 4, “Fair Value Measurements,” in the Company’s consolidated financial statements in Part IV of the 2025 Annual Report for further information on the Company’s fair value accounting policies.

Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows:

	As of		Measured Using
	September 30, 2025		Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Money-market funds	$	1,017,866	$	1,017,866	$	—	$	—
Other current assets:
Designated Derivative Contracts asset	87		—		87		—
Non-Designated Derivative Contracts asset	114		—		114		—
Other assets:
Designated Derivative Contracts asset	191		—		191		—
Non-qualified deferred compensation asset	22,153		22,153		—		—
Total assets measured at fair value	$	1,040,411	$	1,040,019	$	392	$	—
Liabilities:
Other accrued expenses:
Designated Derivative Contracts liability	$	(11,368)	$	—	$	(11,368)	$	—
Non-qualified deferred compensation liability	(1,798)		(1,798)		—		—
Other long-term liabilities:
Designated Derivative Contracts liability	(117)		—		(117)		—
Non-qualified deferred compensation liability	(30,045)		(30,045)		—		—
Total liabilities measured at fair value	$	(43,328)	$	(31,843)	$	(11,485)	$	—

	As of		Measured Using
	March 31, 2025		Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Money-market funds	$	1,485,555	$	1,485,555	$	—	$	—
Other current assets:
Designated Derivative Contracts asset	2,163		—		2,163		—
Non-Designated Derivative Contracts asset	75		—		75		—
Other assets:
Non-qualified deferred compensation asset	16,967		16,967		—		—
Total assets measured at fair value	$	1,504,760	$	1,502,522	$	2,238	$	—

	As of		Measured Using
	March 31, 2025		Level 1		Level 2		Level 3
Liabilities:
Other accrued expenses:
Designated Derivative Contracts liability	$	(64)	$	—	$	(64)	$	—
Non-qualified deferred compensation liability	(2,345)		(2,345)		—		—
Other long-term liabilities:
Non-qualified deferred compensation liability	(22,793)		(22,793)		—		—
Total liabilities measured at fair value	$	(25,202)	$	(25,138)	$	(64)	$	—

The fair value of Designated Derivative Contracts and Non-Designated Derivative Contracts is determined using quoted forward spot rates at the end of the applicable reporting period from counterparties, which are corroborated by market-based pricing (Level 2), with related assets and liabilities recorded in other current assets and other accrued expenses, respectively, in the condensed consolidated balance sheets. Refer to Note 7, “Derivative Instruments,” for further information, including the definition of the terms Designated Derivative Contracts and Non-Designated Derivative Contracts.