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Accumulated Other Comrehensive Income (Loss) (Tables)
3 Months Ended
Jun. 27, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents OCI activity, net of tax, accumulated in equity:
 
 
Foreign Currency Translation Gains (Losses)(a)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges(b)
 
Net Unrealized Gains (Losses) on Defined
Benefit Plans(c)
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at March 28, 2020
 
$
(130.4
)
 
$
18.0

 
$
(5.8
)
 
$
(118.2
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
13.0

 
(2.8
)
 
(0.1
)
 
10.1

Amounts reclassified from AOCI to earnings
 

 
(1.2
)
 

 
(1.2
)
Other comprehensive income (loss), net of tax
 
13.0

 
(4.0
)
 
(0.1
)
 
8.9

Balance at June 27, 2020
 
$
(117.4
)
 
$
14.0

 
$
(5.9
)
 
$
(109.3
)
 
 
 
 
 
 
 
 
 
Balance at March 30, 2019
 
$
(118.5
)
 
$
20.2

 
$
(5.1
)
 
$
(103.4
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
8.9

 
(3.9
)
 
(0.1
)
 
4.9

Amounts reclassified from AOCI to earnings
 
(4.9
)
 
(5.8
)
 

 
(10.7
)
Other comprehensive income (loss), net of tax
 
4.0

 
(9.7
)
 
(0.1
)
 
(5.8
)
Balance at June 29, 2019
 
$
(114.5
)
 
$
10.5

 
$
(5.2
)
 
$
(109.2
)
 
(a)
OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $4.7 million and $2.0 million for the three-month periods ended June 27, 2020 and June 29, 2019, respectively. OCI before reclassifications to earnings for the three-month periods ended June 27, 2020 and June 29, 2019 include losses of $12.2 million (net of a $3.9 million income tax benefit) and $5.7 million (net of a $1.8 million income tax benefit), respectively, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations (see Note 12). Amounts reclassified from AOCI to earnings related to foreign currency translation gains (losses) for the three months ended June 29, 2019 relate to the reclassification to retained earnings of income tax effects stranded in AOCI.
(b) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of income tax benefits of $0.2 million and $0.5 million for the three-month periods ended June 27, 2020 and June 29, 2019, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.
(c) 
Activity is presented net of taxes, which were immaterial for both periods presented.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Three Months Ended
 
Location of
Gains (Losses)
Reclassified from AOCI
to Earnings
 
 
June 27,
2020
 
June 29,
2019
 
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
    FC — Cash flow hedges
 
$
1.7

 
$
6.2

 
Cost of goods sold
    FC — Cash flow hedges
 
(0.3
)
 
0.2

 
Other income (expense), net
    Tax effect
 
(0.2
)
 
(0.6
)
 
Income tax benefit (provision)
        Net of tax
 
$
1.2

 
$
5.8

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.