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

12 Months Ended

Mar. 29, 2025

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 2025		March 2024
Foreign currency translation and other	$	(821,189)	$	(868,439)
Defined benefit pension plans	(180,047)		(182,333)
Derivative financial instruments	23,496		(13,559)
Accumulated other comprehensive loss	$	(977,740)	$	(1,064,331)

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 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)
Other comprehensive income (loss) before reclassifications	(28,043)		(11,630)		10,028		(29,645)
Amounts reclassified from accumulated other comprehensive loss	75,293		13,916		27,027		116,236
Net other comprehensive income (loss)	47,250		2,286		37,055		86,591
Balance, March 2025	$	(821,189)	$	(180,047)	$	23,496	$	(977,740)

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

		2025		2024		2023
Losses on foreign currency translation and other:
Sale of Supreme	Income (loss) from discontinued operations, net of tax (a)	$	(75,293)	$	—	$	—
Total before tax		(75,293)		—		—
Income tax effect		—		—		—
Net of tax		(75,293)		—		—
Amortization of defined benefit pension plans:
Net deferred actuarial losses	Other income (expense), net	(20,205)		(16,656)		(16,395)
Deferred prior service credits	Other income (expense), net	589		541		453
Pension curtailment gains and settlement charges	Other income (expense), net	936		(3,538)		(93,731)



Total before tax		(18,680)		(19,653)		(109,673)
Income tax effect		4,764		5,355		28,479
Net of tax		(13,916)		(14,298)		(81,194)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts	Revenues	(29,941)		(5,004)		(6,843)
Foreign exchange contracts	Cost of goods sold	(3,192)		15,703		120,438
Foreign exchange contracts	SG&A expenses	(518)		3,437		6,695

Foreign exchange contracts	Other income (expense), net	(1,688)		(253)		(10,365)
Interest rate contracts	Interest expense	445		108		108
Interest rate contracts	Income (loss) from discontinued operations, net of tax	2,299		4,130		127
Total before tax		(32,595)		18,121		110,160
Income tax effect		5,568		(3,180)		(17,663)
Net of tax		(27,027)		14,941		92,497



Total reclassifications for the period, net of tax		$	(116,236)	$	643	$	11,303

(a)Foreign currency translation losses related to Supreme were included in the carrying value of the disposal group used in determining the estimated loss on sale recorded during the second quarter of Fiscal 2025. Upon completion of the sale of Supreme on October 1, 2024, these amounts were reclassified out of accumulated OCL into the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations for the year ended March 2025 and offset against the derecognition of the previously recorded allowance on the disposal group.