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

12 Months Ended

Mar. 30, 2024

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

The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows:


(In thousands)	March 2024		March 2023
Foreign currency translation and other	$	(868,439)	$	(859,651)
Defined benefit pension plans	(182,333)		(167,692)
Derivative financial instruments	(13,559)		7,825
Accumulated other comprehensive loss	$	(1,064,331)	$	(1,019,518)

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


(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	(51,459)		13,547		59,753		21,841
Amounts reclassified from accumulated other comprehensive 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)
Other comprehensive income (loss) before reclassifications	(108,019)		(18,596)		44,979		(81,636)
Amounts reclassified from accumulated other comprehensive loss	—		81,194		(92,497)		(11,303)
Net other comprehensive income (loss)	(108,019)		62,598		(47,518)		(92,939)
Balance, March 2023	(859,651)		(167,692)		7,825		(1,019,518)
Other comprehensive income (loss) before reclassifications	(8,788)		(28,939)		(6,443)		(44,170)
Amounts reclassified from accumulated other comprehensive loss	—		14,298		(14,941)		(643)
Net other comprehensive income (loss)	(8,788)		(14,641)		(21,384)		(44,813)
Balance, March 2024	$	(868,439)	$	(182,333)	$	(13,559)	$	(1,064,331)

Schedule of Reclassifications Out of Accumulated OCI

Reclassifications out of accumulated OCL were as follows:


(In thousands)	Affected Line Item in the Consolidated Statements of Operations	Year Ended March
Details About Accumulated Other Comprehensive Loss Components

		2024		2023		2022





Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	$	(16,195)	$	(16,395)	$	(11,310)
Deferred prior service credits	Other income (expense), net	80		453		440
Pension settlement charges	Other income (expense), net	(3,538)		(93,731)		(7,466)



Total before tax		(19,653)		(109,673)		(18,336)
Tax benefit		5,355		28,479		4,426
Net of tax		(14,298)		(81,194)		(13,910)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	(5,004)		(6,843)		(27,382)
Foreign exchange contracts	Cost of goods sold	15,703		120,438		(26,346)
Foreign exchange contracts	Selling, general and administrative expenses	3,437		6,695		(487)

Foreign exchange contracts	Other income (expense), net	(253)		(10,365)		(219)
Interest rate contracts	Interest expense	4,238		235		108
Total before tax		18,121		110,160		(54,326)
Tax (expense) benefit		(3,180)		(17,663)		7,656
Net of tax		14,941		92,497		(46,670)



Total reclassifications for the period, net of tax		$	643	$	11,303	$	(60,580)