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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
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Jun. 28, 2025
Equity [Abstract] |
Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCL in Stockholders' Equity and Changes in AOCL | The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accu mulated other comprehensive loss ("OC L") in stockholders’ equity, as follows:
(In thousands) |  | June 2025 |  |  | March 2025 |  | June 2024
Foreign currency translation and other |  | $ | (763,627) |  |  |  | $ | (821,189) |  |  | $ | (887,892) |
Defined benefit pension plans |  | (176,910) |  |  |  | (180,047) |  |  | (178,701) |
Derivative financial instruments |  | (96,887) |  |  |  | 23,496 |  |  | 12,966 |
Accumulated other comprehensive loss |  | $ | (1,037,424) |  |  |  | $ | (977,740) |  |  | $ | (1,053,627) |
The changes in accumulated OCL, ne t of related taxes, were as follows:
| Three Months Ended June 2025 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2025 | $ | (821,189) |  |  | $ | (180,047) |  |  | $ | 23,496 |  |  | $ | (977,740) |  |
Other comprehensive income (loss) before reclassifications | 57,562 |  |  | 10 |  |  | (109,312) |  |  | (51,740) |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 3,127 |  |  | (11,071) |  |  | (7,944) |  |
Net other comprehensive income (loss) | 57,562 |  |  | 3,137 |  |  | (120,383) |  |  | (59,684) |  |
Balance, June 2025 | $ | (763,627) |  |  | $ | (176,910) |  |  | $ | (96,887) |  |  | $ | (1,037,424) |  |
| Three Months Ended June 2024 |
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Total |
Balance, March 2024 | $ | (868,439) |  |  | $ | (182,333) |  |  | $ | (13,559) |  |  | $ | (1,064,331) |  |
Other comprehensive income (loss) before reclassifications | (19,453) |  |  | (10) |  |  | 15,785 |  |  | (3,678) |  |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 3,642 |  |  | 10,740 |  |  | 14,382 |  |
Net other comprehensive income (loss) | (19,453) |  |  | 3,632 |  |  | 26,525 |  |  | 10,704 |  |
Balance, June 2024 | $ | (887,892) |  |  | $ | (178,701) |  |  | $ | 12,966 |  |  | $ | (1,053,627) |  |
Schedule of Reclassifications Out of Accumulated OCL | Reclassifications out of accumulated OCL were as follows:
(In thousands) |  |  |  | Three Months Ended June |  |  |
Details About Accumulated Other Comprehensive Loss Components | Affected Line Item in the Consolidated Statements of Operations
|  | 2025 |  |  | 2024 |  |  |  |  |  |
Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses | Other income (expense), net |  |  | $ | (4,871) |  |  |  | $ | (5,046) |  |  |  |  |  |  |
Deferred prior service credits | Other income (expense), net |  |  | 153 |  |  |  | 144 |  |  |  |  |  |  |
Pension curtailment gains | Other income (expense), net |  |  | 531 |  |  |  | — |  |  |  |  |  |  |
Total before tax |  |  |  | (4,187) |  |  |  | (4,902) |  |  |  |  |  |  |
Income tax effect |  |  |  | 1,060 |  |  |  | 1,260 |  |  |  |  |  |  |
Net of tax |  |  |  | (3,127) |  |  |  | (3,642) |  |  |  |  |  |  |
Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Revenues |  |  | (1,971) |  |  |  | (4,331) |  |  |  |  |  |  |
Foreign exchange contracts | Cost of goods sold |  |  | 15,034 |  |  |  | (10,126) |  |  |  |  |  |  |
Foreign exchange contracts | SG&A expenses |  |  | (261) |  |  |  | (408) |  |  |  |  |  |  |
Foreign exchange contracts | Other income (expense), net |  |  | 476 |  |  |  | (56) |  |  |  |  |  |  |
Interest rate contracts | Interest expense |  |  | 27 |  |  |  | 27 |  |  |  |  |  |  |
Interest rate contracts | Loss from discontinued operations, net of tax |  |  | — |  |  |  | 1,165 |  |  |  |  |  |  |
Total before tax |  |  |  | 13,305 |  |  |  | (13,729) |  |  |  |  |  |  |
Income tax effect |  |  |  | (2,234) |  |  |  | 2,989 |  |  |  |  |  |  |
Net of tax |  |  |  | 11,071 |  |  |  | (10,740) |  |  |  |  |  |  |
Total reclassifications for the period, net of tax |  |  | $ | 7,944 |  |  |  | $ | (14,382) |  |  |  |  |  |  |

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