XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.23.3

Accumulated Other Comrehensive Income (Loss) (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2023
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 April 1, 2023 |  | $ | (203.8) |  |  | $ | 4.1 |  |  | $ | 3.7 |  |  | $ | (196.0) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |
OCI before reclassifications |  | (75.6) |  |  | 14.3 |  |  | (0.1) |  |  | (61.4) |
Amounts reclassified from AOCI to earnings |  | — |  |  | (5.3) |  |  | (0.1) |  |  | (5.4) |
Other comprehensive income (loss), net of tax |  | (75.6) |  |  | 9.0 |  |  | (0.2) |  |  | (66.8) |
Balance at September 30, 2023 |  | $ | (279.4) |  |  | $ | 13.1 |  |  | $ | 3.5 |  |  | $ | (262.8) |
Balance at April 2, 2022 |  | $ | (189.7) |  |  | $ | 9.0 |  |  | $ | 0.4 |  |  | $ | (180.3) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |
OCI before reclassifications |  | (95.8) |  |  | 24.6 |  |  | — |  |  | (71.2) |
Amounts reclassified from AOCI to earnings |  | — |  |  | (5.7) |  |  | (0.1) |  |  | (5.8) |
Other comprehensive income (loss), net of tax |  | (95.8) |  |  | 18.9 |  |  | (0.1) |  |  | (77.0) |
Balance at October 1, 2022 |  | $ | (285.5) |  |  | $ | 27.9 |  |  | $ | 0.3 |  |  | $ | (257.3) |
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax provisions of $2.9 million an d $30.1 million for the six-month periods ended September 30, 2023 and October 1, 2022, respectively. OCI before reclassifications to earnings for the six-month periods ended September 30, 2023 and October 1, 2022 includes losses of $0.8 million (net of a $0.3 million income tax benefit) and gains of $66.0 million (net of a $21.1 million income tax provision), 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 11). (b)OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of income tax provisions of $2.3 million and $3.9 million for the six-month periods ended September 30, 2023 and October 1, 2022, 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.
Reclassification out of Accumulated Other Comprehensive Income (Loss) | 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 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022 |
|  | (millions) |  |
Gains (losses) on cash flow hedges(a): |  |  |  |  |  |  |  |  |  |
FC — Cash flow hedges |  | $ | 1.3 |  |  | $ | 3.7 |  |  | $ | 6.2 |  |  | $ | 6.5 |  |  | Cost of goods sold
Tax effect |  | (0.3) |  |  | (0.4) |  |  | (0.9) |  |  | (0.8) |  |  | Income tax provision
Net of tax |  | $ | 1.0 |  |  | $ | 3.3 |  |  | $ | 5.3 |  |  | $ | 5.7 |  |  |
(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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration