v3.25.2
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 3 Months Ended
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 accumulated other comprehensive loss ("OCL") in stockholders’ equity, as follows:
(In thousands)June 2025March 2025June 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, net of related taxes, were as follows:
 Three Months Ended June 2025
(In thousands)Foreign Currency Translation and OtherDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
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)$(1,037,424)
 Three Months Ended June 2024
(In thousands)Foreign Currency Translation and OtherDefined Benefit Pension PlansDerivative Financial InstrumentsTotal
Balance, March 2024$(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 $(1,053,627)
Schedule of Reclassifications Out of Accumulated OCL
Reclassifications out of accumulated OCL were as follows:
(In thousands)Three Months Ended June
Details About Accumulated Other Comprehensive Loss ComponentsAffected Line Item in the Consolidated Statements of Operations
20252024
Amortization of defined benefit pension plans:
Net deferred actuarial losses
Other income (expense), net$(4,871)$(5,046)
Deferred prior service credits
Other income (expense), net153 144 
Pension curtailment gains
Other income (expense), net531 — 
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 sold15,034 (10,126)
Foreign exchange contracts
SG&A expenses(261)(408)
Foreign exchange contracts
Other income (expense), net476 (56)
Interest rate contracts
Interest expense27 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)