Accumulated Other Comrehensive Income (Loss) (Tables)

6 Months Ended

Oct. 01, 2022

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 April 2, 2022	$	(189.7)	$	9.0	$	0.4	$	(180.3)
Other comprehensive income (loss), net of tax:
OCI before reclassifications	(95.8)		24.6		—		(71.2)
Amounts reclassified from AOCI to earnings	—		(5.7)		(0.1)		(5.8)
Other comprehensive income (loss), net of tax	(95.8)		18.9		(0.1)		(77.0)
Balance at October 1, 2022	$	(285.5)	$	27.9	$	0.3	$	(257.3)
Balance at March 27, 2021	$	(123.2)	$	4.6	$	(2.2)	$	(120.8)
Other comprehensive income (loss), net of tax:
OCI before reclassifications	0.8		0.2		—		1.0
Amounts reclassified from AOCI to earnings	—		(0.1)		(0.1)		(0.2)
Other comprehensive income (loss), net of tax	0.8		0.1		(0.1)		0.8
Balance at September 25, 2021	$	(122.4)	$	4.7	$	(2.3)	$	(120.0)

(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax provisions of $30.1 million and $4.0 million for the six-month periods ended October 1, 2022 and September 25, 2021, respectively. OCI before reclassifications to earnings for the six-month periods ended October 1, 2022 and September 25, 2021 includes gains of $66.0 million (net of a $21.1 million income tax provision) and $13.0 million (net of a $4.0 million income tax provision), 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 $3.9 million for the six-month periods ended October 1, 2022 and an immaterial tax effect for the six-month periods ended September 25, 2021. 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				Six Months Ended				Location of Gains (Losses) Reclassified from AOCI to Earnings
	October 1, 2022		September 25, 2021		October 1, 2022		September 25, 2021
	(millions)
Gains (losses) on cash flow hedges(a):
FC — Cash flow hedges	$	3.7	$	0.2	$	6.5	$	0.1	Cost of goods sold
Tax effect	(0.4)		—		(0.8)		—		Income tax provision
Net of tax	$	3.3	$	0.2	$	5.7	$	0.1

(a)FC = Forward foreign currency exchange contracts.