CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Jun. 27, 2020

Equity [Abstract]

Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI

The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:

(In thousands)	June 2020		March 2020		June 2019
Foreign currency translation and other	$	(685,236)	$	(737,709)	$	(635,901)
Defined benefit pension plans	(259,290)		(262,472)		(290,468)
Derivative financial instruments	46,985		69,223		58,983
Accumulated other comprehensive income (loss)	$	(897,541)	$	(930,958)	$	(867,386)

The changes in accumulated OCI, net of related taxes, were as follows:

	Three Months Ended June 2020
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2020	$	(737,709)	$	(262,472)	$	69,223	$	(930,958)
Other comprehensive income (loss) before reclassifications	10,109		987		(6,065)		5,031
Amounts reclassified from accumulated other comprehensive income (loss)	42,364		2,195		(16,173)		28,386
Net other comprehensive income (loss)	52,473		3,182		(22,238)		33,417
Balance, June 2020	$	(685,236)	$	(259,290)	$	46,985	$	(897,541)

	Three Months Ended June 2019
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2019	$	(725,679)	$	(243,184)	$	66,788	$	(902,075)
Adoption of new accounting standard, ASU 2018-02	(9,088)		(50,402)		(2,371)		(61,861)
Other comprehensive income (loss) before reclassifications	15,772		(823)		10,900		25,849
Amounts reclassified from accumulated other comprehensive income (loss)	—		3,147		(7,739)		(4,592)
Spin-off of Jeans Business	83,094		794		(8,595)		75,293
Net other comprehensive income (loss)	89,778		(47,284)		(7,805)		34,689
Balance, June 2019	$	(635,901)	$	(290,468)	$	58,983	$	(867,386)

Reclassifications Out of Accumulated OCI

Reclassifications out of accumulated OCI were as follows:

(In thousands) Details About Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Consolidated Statements of Operations	Three Months Ended June
		2020		2019
Losses on foreign currency translation and other:
Liquidation of foreign entities	Other income (expense), net	$	(42,364)	$	—
Total before tax		(42,364)		—
Tax (expense) benefit		—		—
Net of tax		(42,364)		—
Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	(2,863)		(4,019)
Deferred prior service (costs) credits	Other income (expense), net	17		(13)
Total before tax		(2,846)		(4,032)
Tax benefit		651		885
Net of tax		(2,195)		(3,147)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	171		(2,905)
Foreign exchange contracts	Cost of goods sold	16,705		11,105
Foreign exchange contracts	Selling, general and administrative expenses	1,607		716
Foreign exchange contracts	Other income (expense), net	1,770		2,872
Interest rate contracts	Interest expense	27		(1,293)
Total before tax		20,280		10,495
Tax expense		(4,107)		(2,756)
Net of tax		16,173		7,739
Total reclassifications for the period, net of tax		$	(28,386)	$	4,592