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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 30, 2019
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | 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 |  |  |  |  |  |
| March 2019 |
(In thousands) | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606 |
ASSETS |  |  |  |  |  |
Cash and equivalents | $ | 543,011 |  |  | $ | — |  |  | $ | 543,011 |  |
Accounts receivable, net | 1,708,796 |  |  | (207,941 | ) |  | 1,500,855 |  |
Inventories | 1,943,030 |  |  | 58,998 |  |  | 2,002,028 |  |
Other current assets | 478,620 |  |  | (55,668 | ) |  | 422,952 |  |
Total current assets | 4,673,457 |  |  | (204,611 | ) |  | 4,468,846 |  |
Property, plant and equipment, net | 1,057,268 |  |  | — |  |  | 1,057,268 |  |
Goodwill and intangible assets, net | 3,779,161 |  |  | — |  |  | 3,779,161 |  |
Other assets | 846,899 |  |  | 689 |  |  | 847,588 |  |
TOTAL ASSETS | $ | 10,356,785 |  |  | $ | (203,922 | ) |  | $ | 10,152,863 |  |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |
Short-term borrowings and current portion of long-term debt | $ | 670,318 |  |  | $ | — |  |  | $ | 670,318 |  |
Accounts payable | 694,733 |  |  | 11,605 |  |  | 706,338 |  |
Accrued liabilities | 1,296,553 |  |  | (207,191 | ) |  | 1,089,362 |  |
Total current liabilities | 2,661,604 |  |  | (195,586 | ) |  | 2,466,018 |  |
Long-term debt | 2,115,884 |  |  | — |  |  | 2,115,884 |  |
Other liabilities | 1,280,781 |  |  | (1,073 | ) |  | 1,279,708 |  |
Total liabilities | 6,058,269 |  |  | (196,659 | ) |  | 5,861,610 |  |
Total stockholders' equity | 4,298,516 |  |  | (7,263 | ) |  | 4,291,253 |  |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 10,356,785 |  |  | $ | (203,922 | ) |  | $ | 10,152,863 |  |
Condensed Consolidated Statements of Income |
| Year Ended March 2019 |
(In thousands) | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606 |
Net revenues | $ | 13,848,660 |  |  | $ | 1,336 |  |  | $ | 13,849,996 |  |
Cost of goods sold | 6,827,481 |  |  | (16,056 | ) |  | 6,811,425 |  |
Selling, general and administrative expenses | 5,345,339 |  |  | 19,641 |  |  | 5,364,980 |  |
Total costs and operating expenses | 12,172,820 |  |  | 3,585 |  |  | 12,176,405 |  |
Operating income | 1,675,840 |  |  | (2,249 | ) |  | 1,673,591 |  |
Interest income (expense) and other income (expense), net | (148,436 | ) |  | — |  |  | (148,436 | ) |
Income from continuing operations before income taxes | 1,527,404 |  |  | (2,249 | ) |  | 1,525,155 |  |
Income taxes | 268,400 |  |  | (398 | ) |  | 268,002 |  |
Income from continuing operations | 1,259,004 |  |  | (1,851 | ) |  | 1,257,153 |  |
Income (loss) from discontinued operations, net of tax | 788 |  |  | (3,456 | ) |  | (2,668 | ) |
Net income | $ | 1,259,792 |  |  | $ | (5,307 | ) |  | $ | 1,254,485 |  |
Condensed Consolidated Statement of Cash Flows - Operating Activities |
| Year Ended March 2019 |
(In thousands) | As Reported |  | Impact of Adoption |  | Activities without Adoption of ASC 606 |
OPERATING ACTIVITIES |  |  |  |  |  |
Net income | $ | 1,259,792 |  |  | $ | (5,307 | ) |  | $ | 1,254,485 |  |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization | 301,005 |  |  | (162 | ) |  | 300,843 |  |
Other adjustments, net | 59,609 |  |  | 3,193 |  |  | 62,802 |  |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
Accounts receivable | (373,012 | ) |  | 198,349 |  |  | (174,663 | ) |
Inventories | (135,099 | ) |  | (53,427 | ) |  | (188,526 | ) |
Accounts payable | 111,678 |  |  | 11,605 |  |  | 123,283 |  |
Income taxes | (19,974 | ) |  | (398 | ) |  | (20,372 | ) |
Accrued liabilities | 484,858 |  |  | (207,158 | ) |  | 277,700 |  |
Other assets and liabilities | (24,634 | ) |  | 53,305 |  |  | 28,671 |  |
Cash provided by operating activities | $ | 1,664,223 |  |  | $ | — |  |  | $ | 1,664,223 |  |
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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