CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Jun. 29, 2024

Equity [Abstract]

Schedule of Deferred Components of Other Comprehensive Income (Loss) Reported and Changes in Accumulated OCL

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

(In thousands)	June 2024		March 2024		June 2023
Foreign currency translation and other	$	(887,892)	$	(868,439)	$	(872,800)
Defined benefit pension plans	(178,701)		(182,333)		(161,211)
Derivative financial instruments	12,966		(13,559)		(19,518)
Accumulated other comprehensive loss	$	(1,053,627)	$	(1,064,331)	$	(1,053,529)

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

	Three Months Ended June 2024
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2024	$	(868,439)	$	(182,333)	$	(13,559)	$	(1,064,331)
Other comprehensive income (loss) before reclassifications	(19,453)		(10)		15,785		(3,678)
Amounts reclassified from accumulated other comprehensive loss	—		3,642		10,740		14,382
Net other comprehensive income (loss)	(19,453)		3,632		26,525		10,704
Balance, June 2024	$	(887,892)	$	(178,701)	$	12,966	$	(1,053,627)

	Three Months Ended June 2023
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2023	$	(859,651)	$	(167,692)	$	7,825	$	(1,019,518)
Other comprehensive income (loss) before reclassifications	(13,149)		1,088		(18,602)		(30,663)
Amounts reclassified from accumulated other comprehensive loss	—		5,393		(8,741)		(3,348)
Net other comprehensive income (loss)	(13,149)		6,481		(27,343)		(34,011)
Balance, June 2023	$	(872,800)	$	(161,211)	$	(19,518)	$	(1,053,529)

Schedule of Reclassifications Out of Accumulated OCL

Reclassifications out of accumulated OCL were as follows:

(In thousands)		Three Months Ended June
Details About Accumulated Other Comprehensive Loss Components	Affected Line Item in the Consolidated Statements of Operations
		2024		2023
Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	$	(5,046)	$	(4,232)
Deferred prior service credits	Other income (expense), net	144		135
Pension settlement charges	Other income (expense), net	—		(3,292)
Total before tax		(4,902)		(7,389)
Tax benefit		1,260		1,996
Net of tax		(3,642)		(5,393)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	(4,331)		1,090
Foreign exchange contracts	Cost of goods sold	(10,126)		8,075
Foreign exchange contracts	Selling, general and administrative expenses	(408)		1,301
Foreign exchange contracts	Other income (expense), net	(56)		(511)
Interest rate contracts	Interest expense	1,192		725
Total before tax		(13,729)		10,680
Tax benefit (expense)		2,989		(1,939)
Net of tax		(10,740)		8,741
Total reclassifications for the period, net of tax		$	(14,382)	$	3,348