XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.21.1

Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Mar. 27, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table presents OCI activity, net of tax, 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 March 31, 2018 |  | $ | (79.3) |  |  | $ | (16.0) |  |  | $ | (3.2) |  |  | $ | (98.5) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |
OCI before reclassifications |  | (39.2) |  |  | 42.2 |  |  | (2.0) |  |  | 1.0 |
Amounts reclassified from AOCI to earnings |  | — |  |  | (6.0) |  |  | 0.1 |  |  | (5.9) |
Other comprehensive income (loss), net of tax |  | (39.2) |  |  | 36.2 |  |  | (1.9) |  |  | (4.9) |
Balance at March 30, 2019 |  | (118.5) |  |  | 20.2 |  |  | (5.1) |  |  | (103.4) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |
OCI before reclassifications |  | (7.0) |  |  | 21.2 |  |  | (1.6) |  |  | 12.6 |
Amounts reclassified from AOCI to earnings |  | (4.9) |  |  | (23.4) |  |  | 0.9 |  |  | (27.4) |
Other comprehensive loss, net of tax |  | (11.9) |  |  | (2.2) |  |  | (0.7) |  |  | (14.8) |
Balance at March 28, 2020 |  | (130.4) |  |  | 18.0 |  |  | (5.8) |  |  | (118.2) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |
OCI before reclassifications |  | 7.2 |  |  | (3.0) |  |  | 3.3 |  |  | 7.5 |
Amounts reclassified from AOCI to earnings |  | — |  |  | (10.4) |  |  | 0.3 |  |  | (10.1) |
Other comprehensive income (loss), net of tax |  | 7.2 |  |  | (13.4) |  |  | 3.6 |  |  | (2.6) |
Balance at March 27, 2021 |  | $ | (123.2) |  |  | $ | 4.6 |  |  | $ | (2.2) |  |  | $ | (120.8) |
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes an income tax benefit of $22.1 million for Fiscal 2021 and includes income tax provisions of $9.2 million and $10.8 million for Fiscal 2020 and Fiscal 2019, respectively. OCI before reclassifications to earnings includes a loss of $65.6 million (net of a $20.7 million income tax benefit) for Fiscal 2021 and includes gains of $29.0 million (net of a $9.4 million income tax provision) and $50.2 million (net of a $15.9 million income tax provision) for Fiscal 2020 and Fiscal 2019, respectively, related to the effective portion of changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations (see Note 13). Amounts reclassified from AOCI to earnings related to foreign currency translation gains (losses) during Fiscal 2020 relate to the reclassification to retained earnings of income tax effects stranded in AOCI. (b)OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of an income tax benefit of $0.5 million for Fiscal 2021 and are presented net of income tax provisions of $2.8 million and $5.3 million for Fiscal 2020 and Fiscal 2019, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below. (c)OCI before reclassifications to earnings related to net unrealized gains (losses) on defined benefit plans are presented net of an income tax provision of $1.2 million for Fiscal 2021. The tax effects on OCI before reclassifications to earnings were immaterial for the other periods presented, and were immaterial for amounts reclassified from AOCI to earnings for all periods presented.
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
|  | Fiscal Years Ended |  |
|  | March 27, 2021 |  | March 28, 2020 |  | March 30, 2019 |  | Location of Gains (Losses) Reclassified from AOCI to Earnings
|  | (millions) |  |
Gains (losses) on cash flow hedges(a): |  |  |  |  |  |  |  |
FC — Cash flow hedges |  | $ | 12.6 |  |  | $ | 24.9 |  |  | $ | 5.0 |  |  | Cost of goods sold
FC — Cash flow hedges |  | (0.3) |  |  | 1.1 |  |  | 1.7 |  |  | Other income (expense), net
Tax effect |  | (1.9) |  |  | (2.6) |  |  | (0.7) |  |  | Income tax benefit (provision)
Net of tax |  | $ | 10.4 |  |  | $ | 23.4 |  |  | $ | 6.0 |  |  |
(a)FC = Forward foreign currency exchange contracts.

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration