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Derivative Financial Instruments (Tables)
3 Months Ended
Jul. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of 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 July 1, 2017 and April 1, 2017 (in millions):
 
 
 
 
 
Fair Values
 
Notional Amounts
 
Current Assets (1)
 
Current Liabilities (2)
 
July 1,
2017
 
April 1,
2017
 
July 1,
2017
 
April 1,
2017
 
July 1,
2017
 
April 1,
2017
Designated forward foreign currency exchange contracts
$
179.5

 
$
167.5

 
$
0.1

 
$
4.7

 
$
7.6

 
$
0.4

Undesignated forward foreign currency exchange contracts
16.6

 

 

 

 
0.2

 

Total
$
196.1

 
$
167.5

 
$
0.1

 
$
4.7

 
$
7.8

 
$
0.4

 
 
(1) 
Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets.
(2) 
Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets.
Summary of 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 on the forward contracts designated as hedges (in millions):
 
Three Months Ended
 
July 1, 2017
 
July 2, 2016
 
Pre-Tax Loss
Recognized
in OCI
(Effective Portion)
 
Pre-Tax Gain
Reclassified from
Accumulated OCI
into Earnings
(Effective Portion)
 
Pre-Tax Gain
Recognized
in OCI
(Effective Portion)
 
Pre-Tax Loss
Reclassified from
Accumulated OCI
into Earnings
(Effective Portion)
Forward foreign currency exchange contracts
$
(9.3
)
 
$
1.9

 
$
3.3

 
$
(0.1
)