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 |
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Fair Value Measurement Using (a)
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(In thousands) |
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LevelÌý1 |
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LevelÌý2 |
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LevelÌý3 |
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September 2023 |
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Financial assets: |
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Cash equivalents: |
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Money market funds |
$ |
82,146Ìý |
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$ |
82,146Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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Time deposits |
37,935Ìý |
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37,935Ìý |
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—Ìý |
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—Ìý |
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Derivative financial instruments |
57,371Ìý |
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—Ìý |
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57,371Ìý |
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—Ìý |
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Deferred compensation |
86,186Ìý |
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86,186Ìý |
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—Ìý |
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—Ìý |
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Financial liabilities: |
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Derivative financial instruments |
38,569Ìý |
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—Ìý |
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38,569Ìý |
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—Ìý |
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Deferred compensation |
83,312Ìý |
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—Ìý |
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83,312Ìý |
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—Ìý |
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Total Fair Value |
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Fair Value Measurement Using (a)
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(In thousands) |
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LevelÌý1 |
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LevelÌý2 |
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LevelÌý3 |
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March 2023 |
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Financial assets: |
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Cash equivalents: |
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Money market funds |
$ |
418,304Ìý |
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$ |
418,304Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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Time deposits |
21,233Ìý |
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21,233Ìý |
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—Ìý |
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—Ìý |
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Derivative financial instruments |
49,688Ìý |
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—Ìý |
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49,688Ìý |
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—Ìý |
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Deferred compensation |
99,200Ìý |
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99,200Ìý |
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—Ìý |
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—Ìý |
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Financial liabilities: |
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Derivative financial instruments |
72,653Ìý |
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—Ìý |
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72,653Ìý |
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—Ìý |
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Deferred compensation |
96,364Ìý |
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—Ìý |
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96,364Ìý |
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—Ìý |
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(a)There were no transfers among the levels within the fair value hierarchy during the six months ended September 2023 or the year ended March 2023.
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