Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.4
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Dec. 26, 2020
Fair Value Disclosures [Abstract]  
Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:
  Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
December 2020
Financial assets:
Cash equivalents:
Money market funds $ 546,719  $ 546,719  $ —  $ — 
Time deposits 17,408  17,408  —  — 
Short-term investments 599,403  599,403  —  — 
Derivative financial instruments 16,209  —  16,209  — 
Deferred compensation 135,710  135,710  —  — 
Financial liabilities:
Derivative financial instruments 97,835  —  97,835  — 
Deferred compensation 148,179  —  148,179  — 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
March 2020
Financial assets:
Cash equivalents:
Money market funds $ 1,211,887  $ 1,211,887  $ —  $ — 
Time deposits 1,932  1,932  —  — 
Derivative financial instruments 91,834  —  91,834  — 
Deferred compensation 105,706  105,706  —  — 
Financial liabilities:
Derivative financial instruments 14,531  —  14,531  — 
Deferred compensation 113,289  —  113,289  — 
(a)There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2020 or the year ended March 2020.