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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Dec. 25, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) 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 27, 2021$(123.2)$4.6 $(2.2)$(120.8)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(29.8)1.6 0.1 (28.1)
Amounts reclassified from AOCI to earnings
— (1.2)(0.1)(1.3)
Other comprehensive income (loss), net of tax
(29.8)0.4 — (29.4)
Balance at December 25, 2021$(153.0)$5.0 $(2.2)$(150.2)
Balance at March 28, 2020$(130.4)$18.0 $(5.8)$(118.2)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
46.0 (7.8)(0.5)37.7 
Amounts reclassified from AOCI to earnings
— (10.0)(0.1)(10.1)
Other comprehensive income (loss), net of tax
46.0 (17.8)(0.6)27.6 
Balance at December 26, 2020$(84.4)$0.2 $(6.4)$(90.6)
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes an income tax provision of $10.3 million and an income tax benefit of $22.7 million for the nine-month periods ended December 25, 2021 and December 26, 2020, respectively. OCI before reclassifications to earnings for the nine-month periods ended December 25, 2021 and December 26, 2020 includes a gain of $31.0 million (net of a $9.6 million income tax provision) and a loss of $72.7 million (net of a $23.3 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).
(b)OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of an income tax provision of $0.3 million and an income tax benefit of $1.2 million for the nine-month periods ended December 25, 2021 and December 26, 2020, 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.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
Three Months EndedNine Months EndedLocation of
Gains (Losses)
Reclassified from AOCI
to Earnings
December 25,
2021
December 26,
2020
December 25,
2021
December 26,
2020
(millions)
Gains (losses) on cash flow hedges(a):
    FC — Cash flow hedges$1.4 $5.2 $1.5 $11.7 Cost of goods sold
    FC — Cash flow hedges— — — (0.3)Other income (expense), net
    Tax effect(0.3)(0.7)(0.3)(1.4)Income tax provision
        Net of tax$1.1 $4.5 $1.2 $10.0 
(a)FC = Forward foreign currency exchange contracts.