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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 |
Ìý |
Fair Value Measurement Using (a)
|
Ìý |
(In thousands) |
Ìý |
LevelÌý1 |
Ìý |
LevelÌý2 |
Ìý |
LevelÌý3 |
Ìý |
September 2019 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Financial assets: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Cash equivalents: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Money market funds |
$ |
294,095 |
|
Ìý |
$ |
294,095 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
— |
|
Ìý |
Time deposits |
5,335 |
|
Ìý |
5,335 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
Derivative financial instruments |
90,462 |
|
Ìý |
— |
|
Ìý |
90,462 |
|
Ìý |
— |
|
Ìý |
Investment securities |
126,367 |
|
Ìý |
119,443 |
|
Ìý |
6,924 |
|
Ìý |
— |
|
Ìý |
Financial liabilities: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Derivative financial instruments |
12,352 |
|
Ìý |
— |
|
Ìý |
12,352 |
|
Ìý |
— |
|
Ìý |
Deferred compensation |
135,313 |
|
Ìý |
— |
|
Ìý |
135,313 |
|
Ìý |
— |
|
Ìý |
Ìý |
Total Fair Value |
Ìý |
Fair Value Measurement Using (a)
|
Ìý |
(In thousands) |
Ìý |
LevelÌý1 |
Ìý |
LevelÌý2 |
Ìý |
LevelÌý3 |
Ìý |
March 2019 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Financial assets: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Cash equivalents: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Money market funds |
$ |
248,560 |
|
Ìý |
$ |
248,560 |
|
Ìý |
$ |
— |
|
Ìý |
$ |
— |
|
Ìý |
Time deposits |
8,257 |
|
Ìý |
8,257 |
|
Ìý |
— |
|
Ìý |
— |
|
Ìý |
Derivative financial instruments |
92,771 |
|
Ìý |
— |
|
Ìý |
92,771 |
|
Ìý |
— |
|
Ìý |
Investment securities |
186,698 |
|
Ìý |
176,209 |
|
Ìý |
10,489 |
|
Ìý |
— |
|
Ìý |
Financial liabilities: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Derivative financial instruments |
22,337 |
|
Ìý |
— |
|
Ìý |
22,337 |
|
Ìý |
— |
|
Ìý |
Deferred compensation |
199,336 |
|
Ìý |
— |
|
Ìý |
199,336 |
|
Ìý |
— |
|
Ìý |
The amounts reported in the table above for prior periods 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)Ìý
There were no transfers among the levels within the fair value hierarchy during the six months ended September 2019 or the year ended March 2019.
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