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RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS (Tables) | 9 Months Ended
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Dec. 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 |  |  |  |  |  |
| December 2018 |
(In thousands) | As Reported |  | Impact of Adoption |  | Balances without Adoption of ASC 606 |
ASSETS |  |  |  |  |  |
Cash and equivalents | $ | 535,312 |  |  | $ | — |  |  | $ | 535,312 |  |
Accounts receivable, net | 1,774,460 |  |  | (223,546 | ) |  | 1,550,914 |  |
Inventories | 1,866,075 |  |  | 71,909 |  |  | 1,937,984 |  |
Other current assets | 436,244 |  |  | (64,794 | ) |  | 371,450 |  |
Total current assets | 4,612,091 |  |  | (216,431 | ) |  | 4,395,660 |  |
Property, plant and equipment, net | 1,041,640 |  |  | — |  |  | 1,041,640 |  |
Goodwill and intangible assets, net | 3,812,121 |  |  | — |  |  | 3,812,121 |  |
Other assets | 818,458 |  |  | 345 |  |  | 818,803 |  |
TOTAL ASSETS | $ | 10,284,310 |  |  | $ | (216,086 | ) |  | $ | 10,068,224 |  |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |
Short-term borrowings and current portion of long-term debt | $ | 683,467 |  |  | $ | — |  |  | $ | 683,467 |  |
Accounts payable | 645,678 |  |  | — |  |  | 645,678 |  |
Accrued liabilities | 1,233,902 |  |  | (204,407 | ) |  | 1,029,495 |  |
Total current liabilities | 2,563,047 |  |  | (204,407 | ) |  | 2,358,640 |  |
Long-term debt | 2,135,240 |  |  | — |  |  | 2,135,240 |  |
Other liabilities | 1,285,399 |  |  | (1,545 | ) |  | 1,283,854 |  |
Total liabilities | 5,983,686 |  |  | (205,952 | ) |  | 5,777,734 |  |
Total stockholders' equity | 4,300,624 |  |  | (10,134 | ) |  | 4,290,490 |  |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 10,284,310 |  |  | $ | (216,086 | ) |  | $ | 10,068,224 |  |
Condensed Consolidated Statements of Income |
| Three Months Ended December 2018 |  |  | Nine Months Ended December 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 | $ | 3,940,159 |  |  | $ | 7,702 |  |  | $ | 3,947,861 |  |  |  | $ | 10,635,691 |  |  | $ | (8,281 | ) |  | $ | 10,627,410 |  |
Cost of goods sold | 1,896,472 |  |  | 2,802 |  |  | 1,899,274 |  |  |  | 5,232,050 |  |  | (17,603 | ) |  | 5,214,447 |  |
Selling, general and administrative expenses | 1,451,782 |  |  | 6,266 |  |  | 1,458,048 |  |  |  | 3,922,185 |  |  | 15,060 |  |  | 3,937,245 |  |
Total costs and operating expenses | 3,348,254 |  |  | 9,068 |  |  | 3,357,322 |  |  |  | 9,154,235 |  |  | (2,543 | ) |  | 9,151,692 |  |
Operating income | 591,905 |  |  | (1,366 | ) |  | 590,539 |  |  |  | 1,481,456 |  |  | (5,738 | ) |  | 1,475,718 |  |
Interest income (expense) and other income (expense), net | (25,621 | ) |  | — |  |  | (25,621 | ) |  |  | (129,739 | ) |  | — |  |  | (129,739 | ) |
Income from continuing operations before income taxes | 566,284 |  |  | (1,366 | ) |  | 564,918 |  |  |  | 1,351,717 |  |  | (5,738 | ) |  | 1,345,979 |  |
Income taxes | 103,158 |  |  | (242 | ) |  | 102,916 |  |  |  | 221,517 |  |  | (1,016 | ) |  | 220,501 |  |
Income from continuing operations | 463,126 |  |  | (1,124 | ) |  | 462,002 |  |  |  | 1,130,200 |  |  | (4,722 | ) |  | 1,125,478 |  |
Income (loss) from discontinued operations, net of tax | 383 |  |  | — |  |  | 383 |  |  |  | 788 |  |  | (3,456 | ) |  | (2,668 | ) |
Net income | $ | 463,509 |  |  | $ | (1,124 | ) |  | $ | 462,385 |  |  |  | $ | 1,130,988 |  |  | $ | (8,178 | ) |  | $ | 1,122,810 |  |
Condensed Consolidated Statement of Cash Flows - Operating Activities |
| Nine Months Ended December 2018 |
(In thousands) | As Reported |  | Impact of Adoption |  | Activities without Adoption of ASC 606 |
OPERATING ACTIVITIES |  |  |  |  |  |
Net income | $ | 1,130,988 |  |  | $ | (8,178 | ) |  | $ | 1,122,810 |  |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization | 216,361 |  |  | 190 |  |  | 216,551 |  |
Other adjustments, net | 91,469 |  |  | 3,193 |  |  | 94,662 |  |
Changes in operating assets and liabilities: |  |  |  |  |  |
Accounts receivable | (428,753 | ) |  | 213,953 |  |  | (214,800 | ) |
Inventories | (58,401 | ) |  | (66,338 | ) |  | (124,739 | ) |
Accounts payable | 62,175 |  |  | — |  |  | 62,175 |  |
Income taxes | (39,971 | ) |  | (1,016 | ) |  | (40,987 | ) |
Accrued liabilities | 491,925 |  |  | (204,726 | ) |  | 287,199 |  |
Other assets and liabilities | (29,130 | ) |  | 62,922 |  |  | 33,792 |  |
Cash provided by operating activities | $ | 1,436,663 |  |  | $ | — |  |  | $ | 1,436,663 |  |
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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