v3.26.1
FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Jun. 26, 2026
Derivative Instruments and Hedges, Assets [Abstract]  
Schedule of Aggregate Notional Amount of the Company's Outstanding Foreign Currency Forward and Swap Contracts
As of June 26, 2026, the aggregate notional amount of the Company’s outstanding foreign currency derivative contracts was $8.2 billion as summarized below: 
Notional Contract Value in USD
CurrencyBuySell
(In millions)
Cash Flow Hedges
p
MXN$675 $— 
HUF448 — 
CNY460 — 
MYR215 
Other322 — 
2,120 
Other Foreign Currency Contracts
CNY794 487 
EUR708 665 
MXN501 372 
MYR279 109 
JPY274 
BRL— 252 
Other932 655 
3,221 2,814 
Total Notional Contract Value in USD$5,341 $2,823 
Schedule of Fair Value of the Derivative Instruments Utilized for Foreign Currency Risk Management Purposes
The following table presents the fair value of the Company’s derivative instruments utilized for foreign currency risk management purposes at June 26, 2026 and March 31, 2026:
Fair Values of Derivative Instruments
Asset DerivativesLiability Derivatives
Fair ValueFair Value
Balance Sheet
Location
June 26,
2026
March 31,
2026
Balance Sheet
Location
June 26,
2026
March 31,
2026
(In millions)
Derivatives designated as hedging instruments
Foreign currency contractsOther current assets$33 $39 Other current liabilities$(22)$(18)
Foreign currency contractsOther non-current assets27 — Other non-current liabilities— (29)
Derivatives not designated as hedging instruments
Foreign currency contractsOther current assets$24 $15 Other current liabilities$(30)$(27)