Quarterly report pursuant to Section 13 or 15(d)

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Jun. 27, 2020
Equity [Abstract]  
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands) June 2020 March 2020 June 2019
Foreign currency translation and other $ (685,236)   $ (737,709)   $ (635,901)  
Defined benefit pension plans (259,290)   (262,472)   (290,468)  
Derivative financial instruments 46,985    69,223    58,983   
Accumulated other comprehensive income (loss) $ (897,541)   $ (930,958)   $ (867,386)  
The changes in accumulated OCI, net of related taxes, were as follows:
  Three Months Ended June 2020
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2020 $ (737,709)   $ (262,472)   $ 69,223    $ (930,958)  
Other comprehensive income (loss) before reclassifications
 10,109    987    (6,065)   5,031   
Amounts reclassified from accumulated other comprehensive income (loss)
 42,364    2,195    (16,173)   28,386   
Net other comprehensive income (loss)
 52,473    3,182    (22,238)   33,417   
Balance, June 2020 $ (685,236)   $ (259,290)   $ 46,985    $ (897,541)  
 
  Three Months Ended June 2019
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2019 $ (725,679)   $ (243,184)   $ 66,788    $ (902,075)  
Adoption of new accounting standard, ASU 2018-02
 (9,088)   (50,402)   (2,371)   (61,861)  
Other comprehensive income (loss) before reclassifications
 15,772    (823)   10,900    25,849   
Amounts reclassified from accumulated other comprehensive income (loss)
 —    3,147    (7,739)   (4,592)  
Spin-off of Jeans Business
 83,094    794    (8,595)   75,293   
Net other comprehensive income (loss)
 89,778    (47,284)   (7,805)   34,689   
Balance, June 2019 $ (635,901)   $ (290,468)   $ 58,983    $ (867,386)  
Reclassifications Out of Accumulated OCI
Reclassifications out of accumulated OCI were as follows:
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
 Affected Line Item in the Consolidated Statements of Operations Three Months Ended June
2020 2019
Losses on foreign currency translation and other:
Liquidation of foreign entities
 Other income (expense), net $ (42,364)   $ —   
Total before tax
 (42,364)   —   
Tax (expense) benefit
 —    —   
Net of tax
 (42,364)   —   
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net (2,863)   (4,019)  
Deferred prior service (costs) credits
 Other income (expense), net 17    (13)  
Total before tax
 (2,846)   (4,032)  
Tax benefit
 651    885   
Net of tax
 (2,195)   (3,147)  
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Net revenues 171    (2,905)  
Foreign exchange contracts
 Cost of goods sold 16,705    11,105   
Foreign exchange contracts
 Selling, general and administrative expenses 1,607    716   
Foreign exchange contracts
 Other income (expense), net 1,770    2,872   
Interest rate contracts
 Interest expense 27    (1,293)  
Total before tax
 20,280    10,495   
Tax expense
 (4,107)   (2,756)  
Net of tax
 16,173    7,739   
Total reclassifications for the period, net of tax $ (28,386)   $ 4,592