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FAIR VALUE MEASUREMENTS
 3 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The Company measures certain financial assets and liabilities at fair value on a recurring basis. Refer to Note 4, “Fair Value Measurements,” in the Company’s consolidated financial statements in Part IV of the 2025 Annual Report for further information on the Company’s fair value accounting policies.
Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows:
As ofMeasured Using
June 30, 2025Level 1Level 2Level 3
Assets:
Cash equivalents:
Money-market funds$1,376,741 $1,376,741 $— $— 
Other assets:
Non-qualified deferred compensation asset19,593 19,593 — — 
Total assets measured at fair value$1,396,334 $1,396,334 $— $— 
Liabilities:
Other accrued expenses:
Designated Derivative Contracts liability
$(24,676)$— $(24,676)$— 
Non-qualified deferred compensation liability(2,346)(2,346)— — 
Non-Designated Derivative Contracts liability(354)— (354)— 
Other long-term liabilities:
Non-qualified deferred compensation liability(28,932)(28,932)— — 
Total liabilities measured at fair value$(56,308)$(31,278)$(25,030)$— 
As ofMeasured Using
March 31, 2025Level 1Level 2Level 3
Assets:
Cash equivalents:
Money-market funds$1,485,555 $1,485,555 $— $— 
Other current assets:
Designated Derivative Contracts asset
2,163 — 2,163 — 
Non-Designated Derivative Contracts asset75 — 75 — 
Other assets:
Non-qualified deferred compensation asset16,967 16,967 — — 
Total assets measured at fair value$1,504,760 $1,502,522 $2,238 $— 
Liabilities:
Other accrued expenses:
Non-qualified deferred compensation liability$(2,345)$(2,345)$— $— 
Designated Derivative Contracts liability
(64)— (64)— 
Other long-term liabilities:
As ofMeasured Using
March 31, 2025Level 1Level 2Level 3
Non-qualified deferred compensation liability(22,793)(22,793)— — 
Total liabilities measured at fair value$(25,202)$(25,138)$(64)$— 
The fair value of Designated Derivative Contracts is determined using quoted forward spot rates at the end of the applicable reporting period from counterparties, which are corroborated by market-based pricing (Level 2), with related assets and liabilities recorded in other current assets and other accrued expenses, respectively, in the condensed consolidated balance sheets. Refer to Note 6, “Derivative Instruments,” for further information, including the definition of the term Designated Derivative Contracts.