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RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS (Tables) | 6 Months Ended
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Sep. 29, 2018
Accounting Changes and Error Corrections [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The following tables compare amounts reported in accordance with the requirements of ASC 606 to the amounts that would have been reported had the new standard not been applied:
Condensed Consolidated Balance Sheet |  |  |  |  |
| September 2018
(In thousands) | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606
ASSETS |  |  |  |  |
Cash and equivalents | $ | 352,781 |  |  | $ | — |  |  | $ | 352,781 |
Accounts receivable, net | 2,196,064 |  |  | (231,161 | ) |  | 1,964,903 |
Inventories | 2,247,908 |  |  | 70,451 |  |  | 2,318,359 |
Other current assets | 621,201 |  |  | (61,518 | ) |  | 559,683 |
Total current assets | 5,417,954 |  |  | (222,228 | ) |  | 5,195,726 |
Property, plant and equipment, net | 1,035,671 |  |  | — |  |  | 1,035,671 |
Goodwill and intangible assets, net | 3,846,913 |  |  | — |  |  | 3,846,913 |
Other assets | 829,887 |  |  | 348 |  |  | 830,235 |
TOTAL ASSETS | $ | 11,130,425 |  |  | $ | (221,880 | ) |  | $ | 10,908,545 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
Short-term borrowings and current portion of long-term debt | $ | 1,576,401 |  |  | $ | — |  |  | $ | 1,576,401 |
Accounts payable | 732,453 |  |  | — |  |  | 732,453 |
Accrued liabilities | 1,199,842 |  |  | (211,325 | ) |  | 988,517 |
Total current liabilities | 3,508,696 |  |  | (211,325 | ) |  | 3,297,371 |
Long-term debt | 2,150,595 |  |  | — |  |  | 2,150,595 |
Other liabilities | 1,291,578 |  |  | (1,545 | ) |  | 1,290,033 |
Total liabilities | 6,950,869 |  |  | (212,870 | ) |  | 6,737,999 |
Total stockholders' equity | 4,179,556 |  |  | (9,010 | ) |  | 4,170,546 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 11,130,425 |  |  | $ | (221,880 | ) |  | $ | 10,908,545 |
Condensed Consolidated Statements of Income
| Three Months Ended September 2018 |  |  | Six Months Ended September 2018
(In thousands) | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606 |  |  | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606
Net revenues | $ | 3,907,386 |  |  | $ | (6,288 | ) |  | $ | 3,901,098 |  |  |  | $ | 6,695,532 |  |  | $ | (15,983 | ) |  | $ | 6,679,549 |
Cost of goods sold | 1,950,601 |  |  | (7,599 | ) |  | 1,943,002 |  |  |  | 3,335,578 |  |  | (20,405 | ) |  | 3,315,173 |
Selling, general and administrative expenses | 1,298,116 |  |  | 5,218 |  |  | 1,303,334 |  |  |  | 2,470,403 |  |  | 8,794 |  |  | 2,479,197 |
Total costs and operating expenses | 3,248,717 |  |  | (2,381 | ) |  | 3,246,336 |  |  |  | 5,805,981 |  |  | (11,611 | ) |  | 5,794,370 |
Operating income | 658,669 |  |  | (3,907 | ) |  | 654,762 |  |  |  | 889,551 |  |  | (4,372 | ) |  | 885,179 |
Interest income (expense) and other income (expense), net | (59,568 | ) |  | — |  |  | (59,568 | ) |  |  | (104,118 | ) |  | — |  |  | (104,118 | )
Income from continuing operations before income taxes | 599,101 |  |  | (3,907 | ) |  | 595,194 |  |  |  | 785,433 |  |  | (4,372 | ) |  | 781,061 |
Income taxes | 91,980 |  |  | (692 | ) |  | 91,288 |  |  |  | 118,359 |  |  | (774 | ) |  | 117,585 |
Income from continuing operations | 507,121 |  |  | (3,215 | ) |  | 503,906 |  |  |  | 667,074 |  |  | (3,598 | ) |  | 663,476 |
Income (loss) from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  |  | 405 |  |  | (3,456 | ) |  | (3,051 | )
Net income | $ | 507,121 |  |  | $ | (3,215 | ) |  | $ | 503,906 |  |  |  | $ | 667,479 |  |  | $ | (7,054 | ) |  | $ | 660,425 |
Condensed Consolidated Statement of Cash Flows - Operating Activities
| Six Months Ended September 2018
(In thousands) | As Reported |  | Impact of Adoption |  | Activities without Adoption of ASC 606
OPERATING ACTIVITIES |  |  |  |  |
Net income | $ | 667,479 |  |  | $ | (7,054 | ) |  | $ | 660,425 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 144,995 |  |  | 173 |  |  | 145,168 |
Other adjustments, net | 113,715 |  |  | 3,456 |  |  | 117,171 |
Changes in operating assets and liabilities: |  |  |  |  |
Accounts receivable | (837,808 | ) |  | 223,528 |  |  | (614,280 | )
Inventories | (433,351 | ) |  | (65,680 | ) |  | (499,031 | )
Accounts payable | 150,613 |  |  | — |  |  | 150,613 |
Income taxes | (91,579 | ) |  | (774 | ) |  | (92,353 | )
Accrued liabilities | 384,211 |  |  | (207,414 | ) |  | 176,797 |
Other assets and liabilities | 4,676 |  |  | 53,765 |  |  | 58,441 |
Cash provided by operating activities | $ | 102,951 |  |  | $ | — |  |  | $ | 102,951 |
There was no impact to investing or financing activities within the Consolidated Statement of Cash Flows as a result of the adoption of ASC 606.

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