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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Sep. 29, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The following table presents OCI activity, net of tax, which is accumulated in equity:
 
 
Foreign Currency Translation Gains (Losses)(a)
 
Net Unrealized Gains (Losses) on Cash Flow Hedges(b)
 
Net Unrealized Gains (Losses) on Defined
Benefit Plans(c)
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
(millions)
Balance at April 1, 2017
 
$
(206.2
)
 
$
14.6

 
$
(6.8
)
 
$
(198.4
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
87.7

 
(23.9
)
 
(0.7
)
 
63.1

Amounts reclassified from AOCI to earnings
 

 
(0.4
)
 
0.3

 
(0.1
)
Other comprehensive income (loss), net of tax
 
87.7

 
(24.3
)
 
(0.4
)
 
63.0

Balance at September 30, 2017
 
$
(118.5
)
 
$
(9.7
)
 
$
(7.2
)
 
$
(135.4
)
 
 
 
 
 
 
 
 
 
Balance at March 31, 2018
 
$
(79.3
)
 
$
(16.0
)
 
$
(3.2
)
 
$
(98.5
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(36.9
)
 
24.4

 
0.2

 
(12.3
)
Amounts reclassified from AOCI to earnings
 

 
3.1

 
(0.1
)
 
3.0

Other comprehensive income (loss), net of tax
 
(36.9
)
 
27.5

 
0.1

 
(9.3
)
Balance at September 29, 2018
 
$
(116.2
)
 
$
11.5

 
$
(3.1
)
 
$
(107.8
)
 
(a)
OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes an income tax provision of $3.4 million for the six months ended September 29, 2018, and includes an income tax benefit of $20.1 million for the six months ended September 30, 2017. OCI before reclassifications to earnings for the six-month periods ended September 29, 2018 and September 30, 2017 includes a gain of $25.4 million (net of an $8.1 million income tax provision) and a loss of $39.0 million (net of a $23.7 million income tax benefit), respectively, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations (see Note 12).
(b) 
OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of an income tax provision of $3.0 million and an income tax benefit of $2.0 million for the six-month periods ended September 29, 2018 and September 30, 2017, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.
(c) 
Activity is presented net of taxes, which were immaterial for both periods presented.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
 
 
Three Months Ended
 
Six Months Ended
 
Location of
Gains (Losses)
Reclassified from AOCI
to Earnings
 
 
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
 
 
 
(millions)
 
 
Gains (losses) on cash flow hedges(a):
 
 
 
 
 
 
 
 
 
 
    FC — Cash flow hedges
 
$
0.7

 
$
(2.4
)
 
$
(5.5
)
 
$
1.6

 
Cost of goods sold
    FC — Cash flow hedges
 
0.7

 
(0.4
)
 
2.1

 
(1.0
)
 
Other income (expense), net
    Tax effect
 
(0.1
)
 

 
0.3

 
(0.2
)
 
Income tax provision
        Net of tax
 
$
1.3

 
$
(2.8
)
 
$
(3.1
)
 
$
0.4

 
 
 
(a) 
FC = Forward foreign currency exchange contracts.