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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES - Schedule of Assets and Liabilities Measured at Fair Value (Details) - Recurring basis - USD ($) $ in Millions | Sep. 27, 2024 | Mar. 31, 2024
--- | --- | ---
Assets: |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | $ 1,640 | $ 759
Foreign currency contracts (Note 9) | 45 | 59
Mutual funds, money market accounts and equity securities | 44 | 41
Liabilities: |  |
Foreign currency contracts (Note 9) | (70) | (52)
Level 1 |  |
Assets: |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | 0 | 0
Foreign currency contracts (Note 9) | 0 | 0
Mutual funds, money market accounts and equity securities | 0 | 0
Liabilities: |  |
Foreign currency contracts (Note 9) | 0 | 0
Level 2 |  |
Assets: |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | 1,640 | 759
Foreign currency contracts (Note 9) | 45 | 59
Mutual funds, money market accounts and equity securities | 44 | 41
Liabilities: |  |
Foreign currency contracts (Note 9) | (70) | (52)
Level 3 |  |
Assets: |  |
Money market funds and time deposits (included in cash and cash equivalents of the condensed consolidated balance sheet) | 0 | 0
Foreign currency contracts (Note 9) | 0 | 0
Mutual funds, money market accounts and equity securities | 0 | 0
Liabilities: |  |
Foreign currency contracts (Note 9) | $ 0 | $ 0

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. 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