FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2020

Segregation of All Assets and Liabilities Measured at Fair Value on a Recurring Basis

The table below segregates all assets and liabilities that are measured at fair value on a recurring basis (which is measured at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.


	December 31, 2020		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	745,564	$	745,564	$	—	$	—	Cash and cash equivalents
Bank-time deposits	471,688		471,688		—		—		Cash and cash equivalents
Commercial paper	37,005		—		37,005		—		Cash and cash equivalents

Corporate bonds	300		—		300		—		Cash and cash equivalents
Corporate bonds	509,949		—		509,949		—		Short-term investments
Bank-time deposits	118,000		118,000		—		—		Short-term investments
US Treasuries	45,041		45,041		—		—		Short-term investments
Asset-backed securities	699		—		699		—		Short-term investments
Commercial paper	98,994		—		98,994		—		Short-term investments
Money market funds	469,988		469,988		—		—		Restricted cash and cash equivalents
Bank-time deposits	560		560		—		—		Restricted cash and cash equivalents
Money market funds	98,538		98,538		—		—		Long-term restricted cash and cash equivalents
Private equity	6,178		—		—		6,178		Other assets
Foreign currency forward contracts	(128)		—		(128)		—		Accrued expenses and other current liabilities
Total recurring fair value measurements, net	$	2,602,376	$	1,949,379	$	646,819	$	6,178


	March 31, 2020		Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Balance Sheet Classification
Money market funds	$	497,861	$	497,861	$	—	$	—	Cash and cash equivalents
Bank-time deposits	313,757		313,757		—		—		Cash and cash equivalents
Commercial paper	97,544		—		97,544		—		Cash and cash equivalents
Corporate bonds	9,888		—		9,888		—		Cash and cash equivalents
Money market funds	546,604		546,604		—		—		Restricted cash and cash equivalents
Corporate bonds	334,631		—		334,631		—		Short-term investments
Bank-time deposits	191,000		191,000		—		—		Short-term investments
US Treasuries	30,819		30,819		—		—		Short-term investments
Commercial paper	87,553		—		87,553		—		Short-term investments
Cross-currency swap	11,275		—		11,275		—		Prepaid expenses and other
Money market funds	89,124		89,124		—		—		Long-term restricted cash and cash equivalents
Private equity	2,759		—		—		2,759		Other assets
Foreign currency forward contracts	(11)		—		(11)		—		Accrued and other current liabilities
Total recurring fair value measurements, net	$	2,212,804	$	1,669,165	$	540,880	$	2,759