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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 12 Months Ended
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Mar. 28, 2020
Equity [Abstract] |
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in AOCI | The changes in accumulated OCI, net of related taxes, are as follows:
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, December 2016 | $ | (794,579 | ) |  | $ | (302,697 | ) |  | $ | 55,813 |  |  | $ | (1,041,463 | ) |
Other comprehensive income (loss) before reclassifications | 248,378 |  |  | (17,970 | ) |  | (123,080 | ) |  | 107,328 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 28,718 |  |  | (20,723 | ) |  | 7,995 |  |
Net other comprehensive income (loss) | 248,378 |  |  | 10,748 |  |  | (143,803 | ) |  | 115,323 |  |
Balance, December 2017 | (546,201 | ) |  | (291,949 | ) |  | (87,990 | ) |  | (926,140 | ) |
Other comprehensive income (loss) before reclassifications | 69,332 |  |  | (4,852 | ) |  | (21,078 | ) |  | 43,402 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 7,183 |  |  | 11,525 |  |  | 18,708 |  |
Net other comprehensive income (loss) | 69,332 |  |  | 2,331 |  |  | (9,553 | ) |  | 62,110 |  |
Balance, March 2018 | (476,869 | ) |  | (289,618 | ) |  | (97,543 | ) |  | (864,030 | ) |
Other comprehensive income (loss) before reclassifications | (248,810 | ) |  | 10,444 |  |  | 137,218 |  |  | (101,148 | ) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 35,990 |  |  | 27,113 |  |  | 63,103 |  |
Net other comprehensive income (loss) | (248,810 | ) |  | 46,434 |  |  | 164,331 |  |  | (38,045 | ) |
Balance, March 2019 | (725,679 | ) |  | (243,184 | ) |  | 66,788 |  |  | (902,075 | ) |
Adoption of new accounting standard, ASU 2018-02 | (9,088 | ) |  | (50,402 | ) |  | (2,371 | ) |  | (61,861 | ) |
Other comprehensive income (loss) before reclassifications | (134,297 | ) |  | (2,757 | ) |  | 76,797 |  |  | (60,257 | ) |
Amounts reclassified from accumulated other comprehensive income (loss) | 48,261 |  |  | 33,077 |  |  | (63,396 | ) |  | 17,942 |  |
Spin-off of Jeans Business | 83,094 |  |  | 794 |  |  | (8,595 | ) |  | 75,293 |  |
Net other comprehensive income (loss) | (12,030 | ) |  | (19,288 | ) |  | 2,435 |  |  | (28,883 | ) |
Balance, March 2020 | $ | (737,709 | ) |  | $ | (262,472 | ) |  | $ | 69,223 |  |  | $ | (930,958 | ) |
The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands) |  | March 2020 |  |  | March 2019
Foreign currency translation and other |  | $ | (737,709 | ) |  |  | $ | (725,679 | )
Defined benefit pension plans |  | (262,472 | ) |  |  | (243,184 | )
Derivative financial instruments |  | 69,223 |  |  |  | 66,788 |
Accumulated other comprehensive income (loss) |  | $ | (930,958 | ) |  |  | $ | (902,075 | )
Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCI are as follows:
| (In thousands) | Affected Line Item in the Consolidated Statements of Income |  |  | Year Ended March |  | Three Months Ended March (Transition Period) |  | Year Ended December
| Details About Accumulated Other Comprehensive Income (Loss) Components |  |  |  |
|  |  | 2020 |  |  | 2019 |  | 2018 |  | 2017
| Losses on foreign currency translation and other: |  |  |  |  |  |  |  |  |  |
| Liquidation of foreign entities | Other income (expense), net |  |  | $ | (48,261 | ) |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| Total before tax |  |  |  | (48,261 | ) |  |  | — |  |  | — |  |  | — |
| Tax (expense) benefit |  |  |  | — |  |  |  | — |  |  | — |  |  | — |
| Net of tax |  |  |  | (48,261 | ) |  |  | — |  |  | — |  |  | — |
| Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |
| Net deferred actuarial losses | Other income (expense), net |  |  | (14,848 | ) |  |  | (28,474 | ) |  | (8,548 | ) |  | (41,440 | )
| Deferred prior service costs | Other income (expense), net |  |  | (1,887 | ) |  |  | (494 | ) |  | (647 | ) |  | (2,646 | )
| Pension settlement charges | Other income (expense), net |  |  | (27,443 | ) |  |  | (8,856 | ) |  | — |  |  | — |
| Pension curtailment losses | Other income (expense), net |  |  | — |  |  |  | (9,530 | ) |  | — |  |  | (566 | )
| Pension curtailment loss | Income from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  | — |  |  | (1,105 | )
| Total before tax |  |  |  | (44,178 | ) |  |  | (47,354 | ) |  | (9,195 | ) |  | (45,757 | )
| Tax benefit |  |  |  | 11,101 |  |  |  | 11,364 |  |  | 2,012 |  |  | 17,039 |
| Net of tax |  |  |  | (33,077 | ) |  |  | (35,990 | ) |  | (7,183 | ) |  | (28,718 | )
| Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |
| Foreign exchange contracts | Net revenues |  |  | (18,076 | ) |  |  | 1,774 |  |  | 4,948 |  |  | 33,641 |
| Foreign exchange contracts | Cost of goods sold |  |  | 94,376 |  |  |  | (20,686 | ) |  | (13,286 | ) |  | 610 |
| Foreign exchange contracts | Selling, general and administrative expenses |  |  | 5,084 |  |  |  | (4,772 | ) |  | (1,981 | ) |  | (3,610 | )
| Foreign exchange contracts | Other income (expense), net |  |  | 10,304 |  |  |  | 355 |  |  | (2,427 | ) |  | (1,851 | )
| Interest rate contracts | Interest expense |  |  | (13,177 | ) |  |  | (5,012 | ) |  | (1,214 | ) |  | (4,723 | )
| Total before tax |  |  |  | 78,511 |  |  |  | (28,341 | ) |  | (13,960 | ) |  | 24,067 |
| Tax (expense) benefit |  |  |  | (15,115 | ) |  |  | 1,228 |  |  | 2,435 |  |  | (3,344 | )
| Net of tax |  |  |  | 63,396 |  |  |  | (27,113 | ) |  | (11,525 | ) |  | 20,723 |
| Total reclassifications for the period, net of tax |  |  | $ | (17,942 | ) |  |  | $ | (63,103 | ) |  | $ | (18,708 | ) |  | $ | (7,995 | )

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