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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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| Ìý |
Total Fair Value |
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Fair Value Measurement Using (a)
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| (In thousands) |
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LevelÌý1 |
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LevelÌý2 |
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LevelÌý3 |
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| December 2023 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
69,840Ìý |
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$ |
69,840Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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| Time deposits |
27,659Ìý |
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27,659Ìý |
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—Ìý |
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—Ìý |
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| Derivative financial instruments |
15,804Ìý |
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—Ìý |
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15,804Ìý |
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—Ìý |
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| Deferred compensation |
91,666Ìý |
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91,666Ìý |
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—Ìý |
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—Ìý |
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| Financial liabilities: |
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| Derivative financial instruments |
64,700Ìý |
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—Ìý |
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64,700Ìý |
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—Ìý |
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| Deferred compensation |
88,566Ìý |
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—Ìý |
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88,566Ìý |
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—Ìý |
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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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LevelÌý1 |
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LevelÌý2 |
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LevelÌý3 |
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| March 2023 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
418,304Ìý |
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$ |
418,304Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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| Time deposits |
21,233Ìý |
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21,233Ìý |
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—Ìý |
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—Ìý |
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| Derivative financial instruments |
49,688Ìý |
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—Ìý |
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49,688Ìý |
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—Ìý |
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| Deferred compensation |
99,200Ìý |
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99,200Ìý |
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—Ìý |
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—Ìý |
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| Financial liabilities: |
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| Derivative financial instruments |
72,653Ìý |
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—Ìý |
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72,653Ìý |
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—Ìý |
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| Deferred compensation |
96,364Ìý |
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—Ìý |
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96,364Ìý |
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—Ìý |
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(a)There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2023 or the year ended March 2023.
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