v3.25.2
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Jun. 28, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following table presents OCI activity, net of tax, accumulated in equity:
Foreign Currency Translation Gains (Losses)(a)
Net Unrealized Gains (Losses) on Cash Flow Hedges(b)
Net Unrealized Gains (Losses) on Defined Benefit Plans(c)
Total Accumulated Other Comprehensive Income (Loss)
(millions)
Balance at March 29, 2025$(298.7)$2.8 $(4.0)$(299.9)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
89.7 (20.9)(0.5)68.3 
Amounts reclassified from AOCI to earnings
— (4.0)0.1 (3.9)
Other comprehensive income (loss), net of tax
89.7 (24.9)(0.4)64.4 
Balance at June 28, 2025$(209.0)$(22.1)$(4.4)$(235.5)
Balance at March 30, 2024$(280.0)$7.2 $(3.3)$(276.1)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(25.4)5.3 (1.0)(21.1)
Amounts reclassified from AOCI to earnings
— (1.9)1.0 (0.9)
Other comprehensive income (loss), net of tax
(25.4)3.4 — (22.0)
Balance at June 29, 2024$(305.4)$10.6 $(3.3)$(298.1)
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes an income tax benefit of $17.3 million and an income tax provision of $2.6 million for the three-month periods ended June 28, 2025 and June 29, 2024, respectively. OCI before reclassifications to earnings for the three-month periods ended June 28, 2025 and June 29, 2024 includes losses of $45.3 million (net of a $14.6 million income tax benefit) and gains of $5.3 million (net of a $1.6 million income tax provision), respectively, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations (see Note 11).
(b)OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of an income tax benefit of $3.5 million and an income tax provision of $0.9 million for the three-month periods ended June 28, 2025 and June 29, 2024, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.
(c)Activity is presented net of taxes, which were immaterial for both periods presented.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
Three Months EndedLocation of
Gains (Losses)
Reclassified from AOCI
to Earnings
June 28,
2025		June 29,
2024
(millions)
Gains (losses) on cash flow hedges(a):
    FC — Cash flow hedges$4.7 $2.2 Cost of goods sold
    Tax effect(0.7)(0.3)Income tax provision
        Net of tax$4.0 $1.9 
(a)FC = Forward foreign currency exchange contracts.