Quarterly report pursuant to Section 13 or 15(d)

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 6 Months Ended
Sep. 28, 2024
Equity [Abstract]  
Schedule of Deferred Components of Other Comprehensive Income (Loss) Reported and Changes in Accumulated OCL The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated other comprehensive loss ("OCL") in stockholders’ equity, as follows:
(In thousands) September 2024 March 2024 September 2023
Foreign currency translation and other $ (869,994) $ (868,439) $ (878,089)
Defined benefit pension plans (175,087) (182,333) (155,638)
Derivative financial instruments (25,499) (13,559) 22,022 
Accumulated other comprehensive loss $ (1,070,580) $ (1,064,331) $ (1,011,705)
The changes in accumulated OCL, net of related taxes, were as follows:
  Three Months Ended September 2024
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, June 2024 $ (887,892) $ (178,701) $ 12,966  $ (1,053,627)
Other comprehensive income (loss) before reclassifications
 17,898  (26) (47,838) (29,966)
Amounts reclassified from accumulated other comprehensive loss
 —  3,640  9,373  13,013 
Net other comprehensive income (loss)
 17,898  3,614  (38,465) (16,953)
Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580)
  Three Months Ended September 2023
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, June 2023 $ (872,800) $ (161,211) $ (19,518) $ (1,053,529)
Other comprehensive income (loss) before reclassifications
 (5,289) 2,676  50,043  47,430 
Amounts reclassified from accumulated other comprehensive loss
 —  2,897  (8,503) (5,606)
Net other comprehensive income (loss)
 (5,289) 5,573  41,540  41,824 
Balance, September 2023 $ (878,089) $ (155,638) $ 22,022  $ (1,011,705)
  Six Months Ended September 2024
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2024 $ (868,439) $ (182,333) $ (13,559) $ (1,064,331)
Other comprehensive loss before reclassifications (1,555) (36) (32,053) (33,644)
Amounts reclassified from accumulated other comprehensive loss
 —  7,282  20,113  27,395 
Net other comprehensive income (loss)
 (1,555) 7,246  (11,940) (6,249)
Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580)
  Six Months Ended September 2023
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2023 $ (859,651) $ (167,692) $ 7,825  $ (1,019,518)
Other comprehensive income (loss) before reclassifications
 (18,438) 3,764  31,441  16,767 
Amounts reclassified from accumulated other comprehensive loss
 —  8,290  (17,244) (8,954)
Net other comprehensive income (loss)
 (18,438) 12,054  14,197  7,813 
Balance, September 2023 $ (878,089) $ (155,638) $ 22,022  $ (1,011,705)
Schedule of Reclassifications Out of Accumulated OCL
Reclassifications out of accumulated OCL were as follows:
(In thousands) Three Months Ended September Six Months Ended September
Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations
2024 2023 2024 2023
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net $ (5,051) $ (4,170) $ (10,097) $ (8,402)
Deferred prior service credits
 Other income (expense), net 150  137  294  272 
Pension settlement charges
 Other income (expense), net —  (7) —  (3,299)
Total before tax
 (4,901) (4,040) (9,803) (11,429)
Tax benefit
 1,261  1,143  2,521  3,139 
Net of tax
 (3,640) (2,897) (7,282) (8,290)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Net revenues (7,851) (516) (12,182) 574 
Foreign exchange contracts
 Cost of goods sold (4,001) 9,399  (14,127) 17,474 
Foreign exchange contracts
 Selling, general and administrative expenses (47) 1,007  (455) 2,308 
Foreign exchange contracts
 Other income (expense), net 53  (750) (3) (1,261)
Interest rate contracts
 Interest expense 27  27  54  54 
Interest rate contracts
 Income (loss) from discontinued operations, net of tax 1,134  1,071  2,299  1,769 
Total before tax
 (10,685) 10,238  (24,414) 20,918 
Tax benefit (expense)
 1,312  (1,735) 4,301  (3,674)
Net of tax
 (9,373) 8,503  (20,113) 17,244 
Total reclassifications for the period, net of tax $ (13,013) $ 5,606  $ (27,395) $ 8,954