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Derivative Financial Instruments (Tables)
12 Months Ended
Apr. 02, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets
The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of April 2, 2016 and March 28, 2015 (in millions):
 
 
 
 
 
Fair Values
 
Notional Amounts
 
Current Assets (1)
 
Current Liabilities (2)
 
April 2,
2016
 
March 28,
2015
 
April 2,
2016
 
March 28,
2015
 
April 2,
2016
 
March 28,
2015
Designated forward currency exchange contracts
$
174.1

 
$
226.1

 
$
0.1

 
$
23.6

 
$
5.1

 
$
0.5

Undesignated forward currency exchange contracts
30.0

 
25.8

 

 
1.4

 
0.4

 
0.1

Total
$
204.1

 
$
251.9

 
$
0.1

 
$
25.0

 
$
5.5

 
$
0.6

 
 
(1) 
Recorded within prepaid expenses and other current assets in the Company’s audited consolidated balance sheets.
(2) 
Recorded within accrued expenses and other current liabilities in the Company’s audited consolidated balance sheets.
Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges
The following table summarizes the impact of the effective portion of gains and losses of the forward contracts designated as hedges for the fiscal years ended April 2, 2016 and March 28, 2015 (in millions):
 
 
Fiscal Year Ended April 2, 2016
 
Fiscal Year Ended March 28, 2015
 
Fiscal Year Ended March 29, 2014
 
Pre-Tax
Loss
Recognized
in OCI
 
Pre-tax Gain
Reclassified from
Accumulated OCI
into Earnings
 
Pre-Tax
Gain
Recognized
in OCI
 
Pre-tax Gain
Reclassified from
Accumulated OCI
into Earnings
 
Pre-Tax
Loss
Recognized
in OCI
 
Pre-tax Loss
Reclassified from
Accumulated OCI
into Earnings
Designated hedges
$
(25.2
)
 
$
10.9

 
$
36.6

 
$
2.1

 
$
(3.8
)
 
$
(0.5
)