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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] Ìý
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:
Ìý
Total Fair
Value
Ìý
FairÌýValueÌýMeasurementÌýUsingÌý(a)
(In thousands)
Ìý
Level 1
Ìý
Level 2
Ìý
LevelÌý3
March 2020
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Financial assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Cash equivalents:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Money market funds
$
1,211,887

Ìý
$
1,211,887

Ìý
$
—

Ìý
$
—

Time deposits
1,932

Ìý
1,932

Ìý
—

Ìý
—

Derivative financial instruments
91,834

Ìý
—

Ìý
91,834

Ìý
—

Investment securities
105,706

Ìý
105,706

Ìý
—

Ìý
—

Financial liabilities:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Derivative financial instruments
14,531

Ìý
—

Ìý
14,531

Ìý
—

Deferred compensation
113,289

Ìý
—

Ìý
113,289

Ìý
—

Ìý
Total Fair
Value
Ìý
FairÌýValueÌýMeasurementÌýUsingÌý(a)
(In thousands)
Ìý
Level 1
Ìý
Level 2
Ìý
LevelÌý3
March 2019
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Financial assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Cash equivalents:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Money market funds
$
248,560

Ìý
$
248,560

Ìý
$
—

Ìý
$
—

Time deposits
8,257

Ìý
8,257

Ìý
—

Ìý
—

Derivative financial instruments
92,771

Ìý
—

Ìý
92,771

Ìý
—

Investment securities
186,698

Ìý
176,209

Ìý
10,489

Ìý
—

Financial liabilities:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Derivative financial instruments
22,337

Ìý
—

Ìý
22,337

Ìý
—

Deferred compensation
199,336

Ìý
—

Ìý
199,336

Ìý
—

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)Ìý
There were no transfers among the levels within the fair value hierarchy during the years ended March 2020 or 2019.