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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:
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Total Fair Value |
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Fair Value Measurement Using (a)
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| (In thousands) |
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Level 1 |
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Level 2 |
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Level 3 |
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| June 2024 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
189,722 |
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$ |
189,722 |
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$ |
— |
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$ |
— |
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| Time deposits |
7,897 |
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7,897 |
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— |
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— |
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| Derivative financial instruments |
41,357 |
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— |
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41,357 |
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— |
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| Deferred compensation and other |
94,365 |
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94,365 |
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— |
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— |
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| Financial liabilities: |
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| Derivative financial instruments |
27,578 |
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— |
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27,578 |
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— |
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| Deferred compensation |
89,570 |
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— |
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89,570 |
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— |
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Total Fair Value |
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Fair Value Measurement Using (a)
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| (In thousands) |
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Level 1 |
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Level 2 |
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Level 3 |
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| March 2024 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
171,931 |
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$ |
171,931 |
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$ |
— |
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$ |
— |
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| Time deposits |
54,853 |
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54,853 |
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— |
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— |
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| Derivative financial instruments |
32,548 |
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— |
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32,548 |
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— |
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| Deferred compensation and other |
95,236 |
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95,236 |
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— |
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— |
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| Financial liabilities: |
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| Derivative financial instruments |
40,234 |
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— |
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40,234 |
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— |
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| Deferred compensation |
90,804 |
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— |
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90,804 |
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— |
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(a)There were no transfers among the levels within the fair value hierarchy during the three months ended June 2024 or the year ended March 2024.
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