v3.26.1
Financial Instruments (Tables)
 12 Months Ended
Mar. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Company's outstanding derivative instruments on a gross basis as recorded on its consolidated balance sheets
The following table summarizes the Company's outstanding derivative instruments recorded on its consolidated balance sheets as of March 28, 2026 and March 29, 2025:
 Notional AmountsDerivative AssetsDerivative Liabilities
Derivative Instrument(a)
March 28, 2026March 29, 2025March 28,
2026		March 29,
2025		March 28,
2026		March 29,
2025
   
Balance
Sheet
Line(b)
Fair
Value
Balance
Sheet
Line(b)
Fair
Value
Balance
Sheet
Line(b)
Fair
Value
Balance
Sheet
Line(b)
Fair
Value
 (millions)
Designated Hedges:
FC — Cash flow hedges$364.4 $367.9 PP$10.7 PP$3.9 $— AE$6.2 
Net investment hedges(c)
800.0 700.0 ONCA1.7 PP26.6 ONCL13.7 ONCL2.4 
Total Designated Hedges1,164.4 1,067.9 12.4 30.5 13.7 8.6 
Undesignated Hedges:
FC — Undesignated hedges(d)
265.1 247.5 PP1.6 PP0.4 — AE1.5 
Total Hedges$1,429.5 $1,315.4 $14.0 $30.9 $13.7 $10.1 
(a)FC = Forward foreign currency exchange contracts.
(b)PP = Prepaid expenses and other current assets; AE = Accrued expenses and other current liabilities; ONCA = Other non-current assets; ONCL = Other non-current liabilities.
(c)Includes cross-currency swaps designated as hedges of the Company's net investment in certain foreign operations.
(d)Relates to third-party and intercompany foreign currency-denominated exposures and balances.
Offsetting Assets
The Company presents the fair values of its derivative assets and liabilities recorded on its consolidated balance sheets on a gross basis, even when they are subject to master netting arrangements. However, if the Company were to offset and record the asset and liability balances of all of its derivative instruments on a net basis in accordance with the terms of each of its master netting arrangements, spread across seven separate counterparties, the amounts presented in the consolidated balance sheets as of March 28, 2026 and March 29, 2025 would be adjusted from the current gross presentation as detailed in the following table:
March 28, 2026March 29, 2025
Gross Amounts Presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting AgreementsNet
Amount		Gross Amounts Presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting AgreementsNet
Amount
(millions)
Derivative assets$14.0 $(1.7)$12.3 $30.9 $(5.4)$25.5 
Derivative liabilities13.7 (1.7)12.0 10.1 (5.4)4.7 
Gains (losses) recognized in AOCI or earnings from derivatives designated as hedging instruments
The following tables summarize the pretax impact of gains and losses from the Company's designated derivative instruments on its consolidated financial statements for the fiscal years presented:
 Gains (Losses)
Recognized in OCI
 Fiscal Years Ended
March 28,
2026		March 29,
2025		March 30,
2024
 (millions)
Designated Hedges:
FC — Cash flow hedges$(8.6)$5.0 $14.5 
Net investment hedges — effective portion (44.0)(1.7)4.2 
Net investment hedges — portion excluded from assessment of hedge effectiveness13.8 0.6 (21.7)
Total Designated Hedges$(38.8)$3.9 $(3.0)
 Location and Amount of
Gains (Losses) from Cash Flow Hedges
Reclassified from AOCI to Earnings
 Fiscal Years Ended
March 28, 2026March 29, 2025March 30, 2024
Cost of
goods sold		Cost of
goods sold		Cost of
goods sold
 (millions)
Total amounts presented in the consolidated statements of operations in which the effects of related cash flow hedges are recorded
$(2,445.3)$(2,226.1)$(2,199.6)
Effects of cash flow hedging:
FC — Cash flow hedges(14.2)9.6 10.8 
 Gains (Losses) from Net Investment Hedges Recognized in EarningsLocation of
Gains (Losses) Recognized in Earnings
 Fiscal Years Ended
March 28,
2026		March 29,
2025		March 30,
2024
 (millions)
Net Investment Hedges:
Net investment hedges — portion excluded from assessment of hedge effectiveness(a)
$9.2 $12.6 $12.5 Interest expense
Total Net Investment Hedges$9.2 $12.6 $12.5 
(a)Amounts recognized in OCI relating to the effective portion of the Company's net investment hedges would be recognized in earnings only upon the sale or liquidation of the hedged net investment.
Gains (losses) recognized in earnings from derivatives not designated as hedging instruments
The following table summarizes the pretax impact of gains and losses from the Company's undesignated derivative instruments on its consolidated financial statements for the fiscal years presented:
 Gains (Losses)
Recognized in Earnings		Location of
Gains (Losses)
Recognized
in Earnings
 Fiscal Years Ended
March 28,
2026		March 29,
2025		March 30,
2024
 (millions) 
Undesignated Hedges:
FC — Undesignated hedges$(8.6)$6.0 $9.8 Other income (expense), net
Total Undesignated Hedges$(8.6)$6.0 $9.8