CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Sep. 28, 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)	September 2024		March 2024		September 2023
Foreign currency translation and other	$	(869,994)	$	(868,439)	$	(878,089)
Defined benefit pension plans	(175,087)		(182,333)		(155,638)
Derivative financial instruments	(25,499)		(13,559)		22,022
Accumulated other comprehensive loss	$	(1,070,580)	$	(1,064,331)	$	(1,011,705)

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

	Three Months Ended September 2024
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, June 2024	$	(887,892)	$	(178,701)	$	12,966	$	(1,053,627)
Other comprehensive income (loss) before reclassifications	17,898		(26)		(47,838)		(29,966)
Amounts reclassified from accumulated other comprehensive loss	—		3,640		9,373		13,013
Net other comprehensive income (loss)	17,898		3,614		(38,465)		(16,953)
Balance, September 2024	$	(869,994)	$	(175,087)	$	(25,499)	$	(1,070,580)

	Three Months Ended September 2023
(In thousands)	Foreign Currency Translation and Other		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, June 2023	$	(872,800)	$	(161,211)	$	(19,518)	$	(1,053,529)
Other comprehensive income (loss) before reclassifications	(5,289)		2,676		50,043		47,430
Amounts reclassified from accumulated other comprehensive loss	—		2,897		(8,503)		(5,606)
Net other comprehensive income (loss)	(5,289)		5,573		41,540		41,824
Balance, September 2023	$	(878,089)	$	(155,638)	$	22,022	$	(1,011,705)

	Six Months Ended September 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 loss before reclassifications	(1,555)		(36)		(32,053)		(33,644)
Amounts reclassified from accumulated other comprehensive loss	—		7,282		20,113		27,395
Net other comprehensive income (loss)	(1,555)		7,246		(11,940)		(6,249)
Balance, September 2024	$	(869,994)	$	(175,087)	$	(25,499)	$	(1,070,580)

	Six Months Ended September 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	(18,438)		3,764		31,441		16,767
Amounts reclassified from accumulated other comprehensive loss	—		8,290		(17,244)		(8,954)
Net other comprehensive income (loss)	(18,438)		12,054		14,197		7,813
Balance, September 2023	$	(878,089)	$	(155,638)	$	22,022	$	(1,011,705)

Schedule of Reclassifications Out of Accumulated OCL

Reclassifications out of accumulated OCL were as follows:

(In thousands)		Three Months Ended September				Six Months Ended September
Details About Accumulated Other Comprehensive Loss Components	Affected Line Item in the Consolidated Statements of Operations
		2024		2023		2024		2023
Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	$	(5,051)	$	(4,170)	$	(10,097)	$	(8,402)
Deferred prior service credits	Other income (expense), net	150		137		294		272
Pension settlement charges	Other income (expense), net	—		(7)		—		(3,299)
Total before tax		(4,901)		(4,040)		(9,803)		(11,429)
Tax benefit		1,261		1,143		2,521		3,139
Net of tax		(3,640)		(2,897)		(7,282)		(8,290)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Net revenues	(7,851)		(516)		(12,182)		574
Foreign exchange contracts	Cost of goods sold	(4,001)		9,399		(14,127)		17,474
Foreign exchange contracts	Selling, general and administrative expenses	(47)		1,007		(455)		2,308
Foreign exchange contracts	Other income (expense), net	53		(750)		(3)		(1,261)
Interest rate contracts	Interest expense	27		27		54		54
Interest rate contracts	Income (loss) from discontinued operations, net of tax	1,134		1,071		2,299		1,769
Total before tax		(10,685)		10,238		(24,414)		20,918
Tax benefit (expense)		1,312		(1,735)		4,301		(3,674)
Net of tax		(9,373)		8,503		(20,113)		17,244
Total reclassifications for the period, net of tax		$	(13,013)	$	5,606	$	(27,395)	$	8,954