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Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.2
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Jun. 27, 2020
Fair Value Disclosures [Abstract] Ìý
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:
Ìý Total Fair Value
Fair Value Measurement Using (a)
(In thousands) LevelÌý1 LevelÌý2 LevelÌý3
June 2020
Financial assets:
Cash equivalents:
Money market funds $ 1,476,533Ìý Ìý $ 1,476,533Ìý Ìý $ —Ìý Ìý $ —Ìý Ìý
Time deposits 373,440Ìý Ìý 373,440Ìý Ìý —Ìý Ìý —Ìý Ìý
Short-term investments:
Managed income fund 500,000Ìý Ìý 500,000Ìý Ìý —Ìý Ìý —Ìý Ìý
Time deposits 200,000Ìý Ìý 200,000Ìý Ìý —Ìý Ìý —Ìý Ìý
Derivative financial instruments 68,585Ìý Ìý —Ìý Ìý 68,585Ìý Ìý —Ìý Ìý
Deferred compensation 120,359Ìý Ìý 120,359Ìý Ìý —Ìý Ìý —Ìý Ìý
Financial liabilities:
Derivative financial instruments 15,631Ìý Ìý —Ìý Ìý 15,631Ìý Ìý —Ìý Ìý
Deferred compensation 126,326Ìý Ìý —Ìý Ìý 126,326Ìý Ìý —Ìý Ìý
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) LevelÌý1 LevelÌý2 LevelÌý3
March 2020
Financial assets:
Cash equivalents:
Money market funds $ 1,211,887Ìý Ìý $ 1,211,887Ìý Ìý $ —Ìý Ìý $ —Ìý Ìý
Time deposits 1,932Ìý Ìý 1,932Ìý Ìý —Ìý Ìý —Ìý Ìý
Derivative financial instruments 91,834Ìý Ìý —Ìý Ìý 91,834Ìý Ìý —Ìý Ìý
Deferred compensation 105,706Ìý Ìý 105,706Ìý Ìý —Ìý Ìý —Ìý Ìý
Financial liabilities:
Derivative financial instruments 14,531Ìý Ìý —Ìý Ìý 14,531Ìý Ìý —Ìý Ìý
Deferred compensation 113,289Ìý Ìý —Ìý Ìý 113,289Ìý Ìý —Ìý Ìý
(a)There were no transfers among the levels within the fair value hierarchy during the three months ended June 2020 or the year ended March 2020.