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

12 Months Ended

Apr. 02, 2022

Equity [Abstract]

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

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

(In thousands)	March 2022		March 2021
Foreign currency translation and other	$	(751,632)	$	(700,173)
Defined benefit pension plans	(230,290)		(257,747)
Derivative financial instruments	55,343		(51,080)
Accumulated other comprehensive income (loss)	$	(926,579)	$	(1,009,000)

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

(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 accounting standard related to reclassification of stranded tax effects	(9,088)		(50,402)		(2,371)		(61,861)
Other comprehensive income (loss) before reclassifications	(134,297)		(2,757)		76,797		(60,257)
Amounts reclassified from accumulated other comprehensive income (loss)	48,261		33,077		(63,396)		17,942
Spin-off of Jeans Business	83,094		794		(8,595)		75,293
Net other comprehensive income (loss)	(12,030)		(19,288)		2,435		(28,883)
Balance, March 2020	(737,709)		(262,472)		69,223		(930,958)
Other comprehensive income (loss) before reclassifications	(4,828)		(6,197)		(100,448)		(111,473)
Amounts reclassified from accumulated other comprehensive income (loss)	42,364		10,922		(19,855)		33,431
Net other comprehensive income (loss)	37,536		4,725		(120,303)		(78,042)
Balance, March 2021	(700,173)		(257,747)		(51,080)		(1,009,000)
Other comprehensive income (loss) before reclassifications	(51,459)		13,547		59,753		21,841
Amounts reclassified from accumulated other comprehensive income (loss)	—		13,910		46,670		60,580
Net other comprehensive income (loss)	(51,459)		27,457		106,423		82,421
Balance, March 2022	$	(751,632)	$	(230,290)	$	55,343	$	(926,579)

Reclassifications Out of Accumulated OCI

Reclassifications out of accumulated OCI are as follows:

(In thousands)	Affected Line Item in the Consolidated Statements of Operations	Year Ended March
Details About Accumulated Other Comprehensive Income (Loss) Components
		2022		2021		2020
Losses on foreign currency translation and other:
Liquidation of foreign entities	Other income (expense), net	$	—	$	(42,364)	$	(48,261)
Total before tax		—		(42,364)		(48,261)
Tax (expense) benefit		—		—		—
Net of tax		—		(42,364)		(48,261)
Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	(11,310)		(11,911)		(14,848)
Deferred prior service (costs) credits	Other income (expense), net	440		81		(1,887)
Pension settlement charges	Other income (expense), net	(7,466)		(1,584)		(27,443)
Pension curtailment losses	Other income (expense), net	—		(920)		—
Total before tax		(18,336)		(14,334)		(44,178)
Tax benefit		4,426		3,412		11,101
Net of tax		(13,910)		(10,922)		(33,077)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	(27,382)		2,596		(18,076)
Foreign exchange contracts	Cost of goods sold	(26,346)		19,485		94,376
Foreign exchange contracts	Selling, general and administrative expenses	(487)		2,797		5,084
Foreign exchange contracts	Other income (expense), net	(219)		(137)		10,304
Interest rate contracts	Interest expense	108		107		(13,177)
Total before tax		(54,326)		24,848		78,511
Tax (expense) benefit		7,656		(4,993)		(15,115)
Net of tax		(46,670)		19,855		63,396
Total reclassifications for the period, net of tax		$	(60,580)	$	(33,431)	$	(17,942)