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Derivative Financial Instruments (Tables) | 3 Months Ended
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Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets | The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of June 30, 2018 and March 31, 2018 (in millions):
|  |  |  |  | Fair Values |
| Notional Amounts |  | Assets |  | Liabilities |
| June 30, 2018 |  | March 31, 2018 |  | June 30, 2018 |  | March 31, 2018 |  | June 30, 2018 |  | March 31, 2018 |
Designated forward currency exchange contracts | $ | 132.1 |  |  | $ | 161.7 |  |  | $ | 3.5 |  | (1) | $ | — |  |  | $ | 0.1 |  | (2) | $ | 7.7 |  | (2)
Designated net investment hedge | 334.0 |  |  | — |  |  | 4.8 |  | (3) | — |  |  | — |  |  | — |  |
Total designated hedges | $ | 466.1 |  |  | $ | 161.7 |  |  | $ | 8.3 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 7.7 |  |
Undesignated forward currency exchange contracts | 21.3 |  |  | — |  |  | 0.3 |  | (1) | — |  |  | — |  |  | — |  |
Total | $ | 487.4 |  |  | $ | 161.7 |  |  | $ | 8.6 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 7.7 |  |
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(1) | Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets.
(2) | Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets.
(3) | Recorded within other assets in the Company’s consolidated balance sheets.
Schedule of Derivative Instruments on The Balance Sheets, Net Basis | The Company records and presents the fair values of all of its derivative assets and liabilities in its consolidated balance sheets on a gross basis, as shown in the above table. However, if the Company were to offset and record the asset and liability balances for its derivative instruments on a net basis in accordance with the terms of its master netting arrangements, which provide for the right to setoff amounts for similar transactions denominated in the same currencies, the resulting impact as of June 30, 2018 and March 31, 2018 would be as follows (in millions):
| Forward Currency Exchange Contracts |  | Net Investment Hedges
| June 30, 2018 |  | March 31, 2018 |  | June 30, 2018 |  | March 31, 2018
Assets subject to master netting arrangements | $ | 3.8 |  |  | $ | — |  |  | $ | 4.8 |  |  | $ | — |
Liabilities subject to master netting arrangements | $ | 0.1 |  |  | $ | 7.7 |  |  | $ | — |  |  | $ | — |
Derivative assets, net | $ | 3.7 |  |  | $ | — |  |  | $ | 4.8 |  |  | $ | — |
Derivative liabilities, net | $ | — |  |  | $ | 7.7 |  |  | $ | — |  |  | $ | — |
Summary of Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges | The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions):
| Three Months Ended
| June 30, 2018 |  | July 1, 2017
| Pre-Tax Gains Recognized in OCI |  | Pre-Tax Losses Recognized in OCI
Designated forward foreign currency exchange contracts | $ | 8.7 |  |  | $ | (9.3 | )
Designated net investment hedges | $ | 4.8 |  |  | $ | — |
The following table summarizes the impact of the gains and losses within the consolidated statements of operations and comprehensive income related to the designated forward foreign currency exchange contracts for the three months ended June 30, 2018 and July 1, 2017 (in millions):
| Pre-Tax (Gain) Loss Reclassified from Accumulated OCI |  | Location of (Gain) Loss recognized |  | Total Cost of Sales
| June 30, 2018 |  | July 1, 2017 |  |  | June 30, 2018 |  | July 1, 2017
Designated forward currency exchange contracts | $ | 4.9 |  |  | $ | (1.9 | ) |  | Cost of Sales |  | $ | 451.7 |  |  | $ | 377.7 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 + Details
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