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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June 2024 |
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Financial assets: |
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Cash equivalents: |
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Money market funds |
$ |
189,722Ìý |
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$ |
189,722Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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Time deposits |
7,897Ìý |
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7,897Ìý |
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—Ìý |
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—Ìý |
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Derivative financial instruments |
41,357Ìý |
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—Ìý |
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41,357Ìý |
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—Ìý |
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Deferred compensation and other |
94,365Ìý |
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94,365Ìý |
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—Ìý |
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—Ìý |
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Financial liabilities: |
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Derivative financial instruments |
27,578Ìý |
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—Ìý |
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27,578Ìý |
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—Ìý |
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Deferred compensation |
89,570Ìý |
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—Ìý |
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89,570Ìý |
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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 2024 |
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Financial assets: |
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Cash equivalents: |
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Money market funds |
$ |
171,931Ìý |
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$ |
171,931Ìý |
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$ |
—Ìý |
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$ |
—Ìý |
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Time deposits |
54,853Ìý |
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54,853Ìý |
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—Ìý |
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—Ìý |
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Derivative financial instruments |
32,548Ìý |
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—Ìý |
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32,548Ìý |
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—Ìý |
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Deferred compensation and other |
95,236Ìý |
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95,236Ìý |
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—Ìý |
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—Ìý |
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Financial liabilities: |
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Derivative financial instruments |
40,234Ìý |
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—Ìý |
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40,234Ìý |
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—Ìý |
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Deferred compensation |
90,804Ìý |
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—Ìý |
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90,804Ìý |
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—Ìý |
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(a)There were no transfers among the levels within the fair value hierarchy during the three months ended June 2024 or the year ended March 2024.
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