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Derivative Financial Instruments (Tables)
12 Months Ended
Mar. 31, 2018
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 March 31, 2018 and April 1, 2017 (in millions):
 
 
 
 
 
Fair Values
 
Notional Amounts
 
Current Assets (1)
 
Current Liabilities (2)
 
March 31,
2018
 
April 1,
2017
 
March 31,
2018
 
April 1,
2017
 
March 31,
2018
 
April 1,
2017
Designated forward foreign currency exchange contracts
$
161.7

 
$
167.5

 
$

 
$
4.7

 
$
7.7

 
$
0.4

Total
$
161.7

 
$
167.5

 
$

 
$
4.7

 
$
7.7

 
$
0.4

 
 
(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 on the forward contracts designated as hedges (in millions):
 
 
Fiscal Year Ended March 31, 2018
 
Fiscal Year Ended April 1, 2017
 
Fiscal Year Ended April 2, 2016
 
Pre-Tax
Loss
Recognized
in OCI
 
Pre-tax Loss
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 Gain
Reclassified from
Accumulated OCI into Earnings
Designated hedges
$
(22.4
)
 
$
(4.0
)
 
$
10.2

 
$
0.4

 
$
(25.2
)
 
$
10.9