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

6 Months Ended

Oct. 02, 2021

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)	September 2021		March 2021		September 2020
Foreign currency translation and other	$	(687,120)	$	(700,173)	$	(700,137)
Defined benefit pension plans	(255,635)		(257,747)		(264,304)
Derivative financial instruments	1,921		(51,080)		4,783
Accumulated other comprehensive income (loss)	$	(940,834)	$	(1,009,000)	$	(959,658)

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

	Three Months Ended September 2021
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, June 2021	$	(663,120)	$	(257,431)	$	(45,335)	$	(965,886)
Other comprehensive income (loss) before reclassifications	(24,000)		(327)		28,383		4,056
Amounts reclassified from accumulated other comprehensive income (loss)	—		2,123		18,873		20,996
Net other comprehensive income (loss)	(24,000)		1,796		47,256		25,052
Balance, September 2021	$	(687,120)	$	(255,635)	$	1,921	$	(940,834)

	Three Months Ended September 2020
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, June 2020	$	(685,236)	$	(259,290)	$	46,985	$	(897,541)
Other comprehensive income (loss) before reclassifications	(14,901)		(7,629)		(32,534)		(55,064)
Amounts reclassified from accumulated other comprehensive income (loss)	—		2,615		(9,668)		(7,053)
Net other comprehensive income (loss)	(14,901)		(5,014)		(42,202)		(62,117)
Balance, September 2020	$	(700,137)	$	(264,304)	$	4,783	$	(959,658)

	Six Months Ended September 2021
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2021	$	(700,173)	$	(257,747)	$	(51,080)	$	(1,009,000)
Other comprehensive income (loss) before reclassifications	13,053		(2,738)		24,012		34,327
Amounts reclassified from accumulated other comprehensive income (loss)	—		4,850		28,989		33,839
Net other comprehensive income (loss)	13,053		2,112		53,001		68,166
Balance, September 2021	$	(687,120)	$	(255,635)	$	1,921	$	(940,834)

	Six Months Ended September 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	(4,792)		(6,642)		(38,599)		(50,033)
Amounts reclassified from accumulated other comprehensive income (loss)	42,364		4,810		(25,841)		21,333
Net other comprehensive income (loss)	37,572		(1,832)		(64,440)		(28,700)
Balance, September 2020	$	(700,137)	$	(264,304)	$	4,783	$	(959,658)

Reclassifications Out of Accumulated OCI

Reclassifications out of accumulated OCI were as follows:

(In thousands)		Three Months Ended September				Six Months Ended September
Details About Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Consolidated Statements of Operations
		2021		2020		2021		2020
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	(2,871)		(2,898)		(5,711)		(5,761)
Deferred prior service credits	Other income (expense), net	117		17		235		34
Pension settlement charges	Other income (expense), net	(76)		(572)		(1,024)		(572)
Total before tax		(2,830)		(3,453)		(6,500)		(6,299)
Tax benefit		707		838		1,650		1,489
Net of tax		(2,123)		(2,615)		(4,850)		(4,810)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	(4,963)		2,135		(6,761)		2,306
Foreign exchange contracts	Cost of goods sold	(16,501)		8,443		(22,670)		25,148
Foreign exchange contracts	Selling, general and administrative expenses	(189)		741		(1,106)		2,348
Foreign exchange contracts	Other income (expense), net	(1,360)		33		(3,062)		1,803
Interest rate contracts	Interest expense	27		27		54		54
Total before tax		(22,986)		11,379		(33,545)		31,659
Tax (expense) benefit		4,113		(1,711)		4,556		(5,818)
Net of tax		(18,873)		9,668		(28,989)		25,841
Total reclassifications for the period, net of tax		$	(20,996)	$	7,053	$	(33,839)	$	(21,333)