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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
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Dec. 28, 2019
Equity [Abstract] |
Shares Held for Deferred Compensation Plans | Balances related to shares held for deferred compensation plans were as follows:
(In thousands, except share amounts) |  | December 2019 |  |  | March 2019 |  | December 2018
Shares held for deferred compensation plans |  | — |  |  |  | — |  |  | 147,464 |
Cost of shares held for deferred compensation plans |  | $ | — |  |  |  | $ | — |  |  | $ | 2,126 |
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI | The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands) |  | December 2019 |  |  | March 2019 |  | December 2018
Foreign currency translation and other |  | $ | (663,319 | ) |  |  | $ | (725,679 | ) |  | $ | (737,127 | )
Defined benefit pension plans |  | (249,530 | ) |  |  | (243,184 | ) |  | (219,644 | )
Derivative financial instruments |  | 17,477 |  |  |  | 66,788 |  |  | 70,206 |
Accumulated other comprehensive income (loss) |  | $ | (895,372 | ) |  |  | $ | (902,075 | ) |  | $ | (886,565 | )
The changes in accumulated OCI, net of related taxes, were as follows:
| Three Months Ended December 2019 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, September 2019 | $ | (715,286 | ) |  | $ | (298,326 | ) |  | $ | 82,887 |  |  | $ | (930,725 | ) |
Other comprehensive income (loss) before reclassifications | 51,967 |  |  | 26,827 |  |  | (46,536 | ) |  | 32,258 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 21,969 |  |  | (18,874 | ) |  | 3,095 |  |
Net other comprehensive income (loss) | 51,967 |  |  | 48,796 |  |  | (65,410 | ) |  | 35,353 |  |
Balance, December 2019 | $ | (663,319 | ) |  | $ | (249,530 | ) |  | $ | 17,477 |  |  | $ | (895,372 | ) |
| Three Months Ended December 2018
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, September 2018 | $ | (665,962 | ) |  | $ | (226,039 | ) |  | $ | 29,085 |  |  | $ | (862,916 | )
Other comprehensive income (loss) before reclassifications | (71,165 | ) |  | 1,065 |  |  | 36,619 |  |  | (33,481 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 5,330 |  |  | 4,502 |  |  | 9,832 |
Net other comprehensive income (loss) | (71,165 | ) |  | 6,395 |  |  | 41,121 |  |  | (23,649 | )
Balance, December 2018 | $ | (737,127 | ) |  | $ | (219,644 | ) |  | $ | 70,206 |  |  | $ | (886,565 | )
| Nine Months Ended December 2019 |
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, 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 | (11,646 | ) |  | 15,108 |  |  | 8,712 |  |  | 12,174 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 28,154 |  |  | (47,057 | ) |  | (18,903 | ) |
Spin-off of Jeans Business | 83,094 |  |  | 794 |  |  | (8,595 | ) |  | 75,293 |  |
Net other comprehensive income (loss) | 62,360 |  |  | (6,346 | ) |  | (49,311 | ) |  | 6,703 |  |
Balance, December 2019 | $ | (663,319 | ) |  | $ | (249,530 | ) |  | $ | 17,477 |  |  | $ | (895,372 | ) |
| Nine Months Ended December 2018
In thousands | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, March 2018 | $ | (476,869 | ) |  | $ | (289,618 | ) |  | $ | (97,543 | ) |  | $ | (864,030 | )
Other comprehensive income (loss) before reclassifications | (260,258 | ) |  | 39,877 |  |  | 135,041 |  |  | (85,340 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 30,097 |  |  | 32,708 |  |  | 62,805 |
Net other comprehensive income (loss) | (260,258 | ) |  | 69,974 |  |  | 167,749 |  |  | (22,535 | )
Balance, December 2018 | $ | (737,127 | ) |  | $ | (219,644 | ) |  | $ | 70,206 |  |  | $ | (886,565 | )
Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCI were as follows:
| (In thousands) Details About Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Consolidated Statements of Income |  |  | Three Months Ended December |  |  | Nine Months Ended December
|  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018
| Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
| Net deferred actuarial losses | Other income (expense), net |  |  | $ | (4,203 | ) |  |  | $ | (6,676 | ) |  |  | $ | (12,236 | ) |  |  | $ | (22,153 | )
| Deferred prior service (costs) credits | Other income (expense), net |  |  | (13 | ) |  |  | 58 |  |  |  | (38 | ) |  |  | (552 | )
| Pension curtailment losses and settlement charges | Other income (expense), net |  |  | (24,943 | ) |  |  | (662 | ) |  |  | (25,462 | ) |  |  | (18,329 | )
| Total before tax |  |  |  | (29,159 | ) |  |  | (7,280 | ) |  |  | (37,736 | ) |  |  | (41,034 | )
| Tax benefit |  |  |  | 7,190 |  |  |  | 1,950 |  |  |  | 9,582 |  |  |  | 10,937 |
| Net of tax |  |  |  | (21,969 | ) |  |  | (5,330 | ) |  |  | (28,154 | ) |  |  | (30,097 | )
| Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
| Foreign exchange contracts | Net sales |  |  | (5,507 | ) |  |  | 772 |  |  |  | (11,226 | ) |  |  | 6,244 |
| Foreign exchange contracts | Cost of goods sold |  |  | 27,157 |  |  |  | (4,570 | ) |  |  | 60,989 |  |  |  | (31,146 | )
| Foreign exchange contracts | Selling, general and administrative expenses |  |  | 1,231 |  |  |  | (1,020 | ) |  |  | 3,329 |  |  |  | (5,240 | )
| Foreign exchange contracts | Other income (expense), net |  |  | 1,006 |  |  |  | 690 |  |  |  | 7,574 |  |  |  | (1,673 | )
| Interest rate contracts | Interest expense |  |  | (1,324 | ) |  |  | (1,263 | ) |  |  | (3,920 | ) |  |  | (3,739 | )
| Total before tax |  |  |  | 22,563 |  |  |  | (5,391 | ) |  |  | 56,746 |  |  |  | (35,554 | )
| Tax (expense) benefit |  |  |  | (3,689 | ) |  |  | 889 |  |  |  | (9,689 | ) |  |  | 2,846 |
| Net of tax |  |  |  | 18,874 |  |  |  | (4,502 | ) |  |  | 47,057 |  |  |  | (32,708 | )
| Total reclassifications for the period, net of tax |  |  | $ | (3,095 | ) |  |  | $ | (9,832 | ) |  |  | $ | 18,903 |  |  |  | $ | (62,805 | )

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