Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Mar. 28, 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
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

 

Investment securities
105,706

 
105,706

 

 

Financial liabilities:
 
 
 
 
 
 
 
Derivative financial instruments
14,531

 

 
14,531

 

Deferred compensation
113,289

 

 
113,289

 

 
Total Fair
Value
 
Fair Value Measurement Using (a)
(In thousands)
 
Level 1
 
Level 2
 
Level 3
March 2019
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
248,560

 
$
248,560

 
$

 
$

Time deposits
8,257

 
8,257

 

 

Derivative financial instruments
92,771

 

 
92,771

 

Investment securities
186,698

 
176,209

 
10,489

 

Financial liabilities:
 
 
 
 
 
 
 
Derivative financial instruments
22,337

 

 
22,337

 

Deferred compensation
199,336

 

 
199,336

 

The amounts reported in the table above for the prior period have not been segregated between continuing and discontinued operations. The March 2019 balances include $50.8 million of deferred compensation liabilities and associated assets related to the Jeans business, which were transferred in connection with the spin-off.
(a) 
There were no transfers among the levels within the fair value hierarchy during the years ended March 2020 or 2019.