v3.26.1
FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables)
3 Months Ended
Jun. 26, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of June 26, 2026 and March 31, 2026: 
Fair Value Measurements as of June 26, 2026
Level 1Level 2Level 3Total
(In millions)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)$— $2,176 $— $2,176 
Foreign currency contracts (Note 8)— 84 — 84 
Deferred compensation plan assets:0
Mutual funds, money market accounts and equity securities40 13 — 53 
Liabilities:
Foreign currency contracts (Note 8)$— $(52)$— $(52)
Contingent consideration in connection with business acquisitions— — — — 
Fair Value Measurements as of March 31, 2026
Level 1Level 2Level 3Total
(In millions)
Assets:
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet)$— $1,644 $— $1,644 
Foreign currency contracts (Note 8)— 55 — 55 
Deferred compensation plan assets:0
Mutual funds, money market accounts and equity securities35 13 — 48 
Liabilities:0
Foreign currency contracts (Note 8)$— $(73)$— $(73)
Contingent consideration in connection with business acquisitions— — (2)(2)
Schedule of Debt Not Carried at Fair Value
The following table presents the Company’s major debts not carried at fair value as of June 26, 2026 and March 31, 2026:  
As of June 26, 2026As of March 31, 2026
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Fair Value
Hierarchy
(In millions)
6.000% Notes due January 2028
$399 $406 $398 $406 Level 1
4.875% Notes due June 2029
654 655 654 655 Level 1
4.875% Notes due May 2030
670 670 671 669 Level 1
5.250% Notes due January 2032
651 653 651 651 Level 1
5.375% Notes due November 2035
598 591 598 585 Level 1
Senior Term Loan due November 20271,450 1,452 — — Level 1
Delayed Draw Term Loan due December 2027500 500 500 500 Level 1
3.600% HUF Bonds due December 2031
318 254 296 237 Level 2