XML 51 R39.htm IDEA: XBRL DOCUMENT
v3.21.2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
--- | ---
Oct. 02, 2021
Equity [Abstract] |
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) |  | September 2021 |  |  | March 2021 |  | September 2020
Foreign currency translation and other |  | $ | (687,120) |  |  |  | $ | (700,173) |  |  | $ | (700,137) |
Defined benefit pension plans |  | (255,635) |  |  |  | (257,747) |  |  | (264,304) |
Derivative financial instruments |  | 1,921 |  |  |  | (51,080) |  |  | 4,783 |
Accumulated other comprehensive income (loss) |  | $ | (940,834) |  |  |  | $ | (1,009,000) |  |  | $ | (959,658) |
The changes in accumulated OCI, net of related taxes, were as follows:
| Three Months Ended September 2021 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, June 2021 | $ | (663,120) |  |  | $ | (257,431) |  |  | $ | (45,335) |  |  | $ | (965,886) |  |
Other comprehensive income (loss) before reclassifications | (24,000) |  |  | (327) |  |  | 28,383 |  |  | 4,056 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 2,123 |  |  | 18,873 |  |  | 20,996 |  |
Net other comprehensive income (loss) | (24,000) |  |  | 1,796 |  |  | 47,256 |  |  | 25,052 |  |
Balance, September 2021 | $ | (687,120) |  |  | $ | (255,635) |  |  | $ | 1,921 |  |  | $ | (940,834) |  |
| Three Months Ended September 2020
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total
Balance, June 2020 | $ | (685,236) |  |  | $ | (259,290) |  |  | $ | 46,985 |  |  | $ | (897,541) |
Other comprehensive income (loss) before reclassifications | (14,901) |  |  | (7,629) |  |  | (32,534) |  |  | (55,064) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 2,615 |  |  | (9,668) |  |  | (7,053) |
Net other comprehensive income (loss) | (14,901) |  |  | (5,014) |  |  | (42,202) |  |  | (62,117) |
Balance, September 2020 | $ | (700,137) |  |  | $ | (264,304) |  |  | $ | 4,783 |  |  | $ | (959,658) |
| Six Months Ended September 2021 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2021 | $ | (700,173) |  |  | $ | (257,747) |  |  | $ | (51,080) |  |  | $ | (1,009,000) |  |
Other comprehensive income (loss) before reclassifications | 13,053 |  |  | (2,738) |  |  | 24,012 |  |  | 34,327 |  |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 4,850 |  |  | 28,989 |  |  | 33,839 |  |
Net other comprehensive income (loss) | 13,053 |  |  | 2,112 |  |  | 53,001 |  |  | 68,166 |  |
Balance, September 2021 | $ | (687,120) |  |  | $ | (255,635) |  |  | $ | 1,921 |  |  | $ | (940,834) |  |
| Six Months Ended September 2020 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2020 | $ | (737,709) |  |  | $ | (262,472) |  |  | $ | 69,223 |  |  | $ | (930,958) |  |
Other comprehensive income (loss) before reclassifications | (4,792) |  |  | (6,642) |  |  | (38,599) |  |  | (50,033) |  |
Amounts reclassified from accumulated other comprehensive income (loss) | 42,364 |  |  | 4,810 |  |  | (25,841) |  |  | 21,333 |  |
Net other comprehensive income (loss) | 37,572 |  |  | (1,832) |  |  | (64,440) |  |  | (28,700) |  |
Balance, September 2020 | $ | (700,137) |  |  | $ | (264,304) |  |  | $ | 4,783 |  |  | $ | (959,658) |  |
Reclassifications Out of Accumulated OCI | Reclassifications out of accumulated OCI were as follows:
(In thousands) |  |  |  | Three Months Ended September |  |  | Six Months Ended September
Details About Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Consolidated Statements of Operations
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Losses on foreign currency translation and other: |  |  |  |  |  |  |  |  |  |  |  |
Liquidation of foreign entities | Other income (expense), net |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | (42,364) |
Total before tax |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (42,364) |
Tax (expense) benefit |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net of tax |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (42,364) |
Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses | Other income (expense), net |  |  | (2,871) |  |  |  | (2,898) |  |  |  | (5,711) |  |  |  | (5,761) |
Deferred prior service credits | Other income (expense), net |  |  | 117 |  |  |  | 17 |  |  |  | 235 |  |  |  | 34 |
Pension settlement charges | Other income (expense), net |  |  | (76) |  |  |  | (572) |  |  |  | (1,024) |  |  |  | (572) |
Total before tax |  |  |  | (2,830) |  |  |  | (3,453) |  |  |  | (6,500) |  |  |  | (6,299) |
Tax benefit |  |  |  | 707 |  |  |  | 838 |  |  |  | 1,650 |  |  |  | 1,489 |
Net of tax |  |  |  | (2,123) |  |  |  | (2,615) |  |  |  | (4,850) |  |  |  | (4,810) |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Net revenues |  |  | (4,963) |  |  |  | 2,135 |  |  |  | (6,761) |  |  |  | 2,306 |
Foreign exchange contracts | Cost of goods sold |  |  | (16,501) |  |  |  | 8,443 |  |  |  | (22,670) |  |  |  | 25,148 |
Foreign exchange contracts | Selling, general and administrative expenses |  |  | (189) |  |  |  | 741 |  |  |  | (1,106) |  |  |  | 2,348 |
Foreign exchange contracts | Other income (expense), net |  |  | (1,360) |  |  |  | 33 |  |  |  | (3,062) |  |  |  | 1,803 |
Interest rate contracts | Interest expense |  |  | 27 |  |  |  | 27 |  |  |  | 54 |  |  |  | 54 |
Total before tax |  |  |  | (22,986) |  |  |  | 11,379 |  |  |  | (33,545) |  |  |  | 31,659 |
Tax (expense) benefit |  |  |  | 4,113 |  |  |  | (1,711) |  |  |  | 4,556 |  |  |  | (5,818) |
Net of tax |  |  |  | (18,873) |  |  |  | 9,668 |  |  |  | (28,989) |  |  |  | 25,841 |
Total reclassifications for the period, net of tax |  |  | $ | (20,996) |  |  |  | $ | 7,053 |  |  |  | $ | (33,839) |  |  |  | $ | (21,333) |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration