v3.26.1
Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Mar. 28, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of 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)(d)
(millions)
Balance at April 1, 2023$(203.8)$4.1 $3.7 $(196.0)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(76.2)12.4 (7.9)(71.7)
Amounts reclassified from AOCI to earnings
— (9.3)0.9 (8.4)
Other comprehensive income (loss), net of tax(76.2)3.1 (7.0)(80.1)
Balance at March 30, 2024(280.0)7.2 (3.3)(276.1)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(18.7)3.8 (0.8)(15.7)
Amounts reclassified from AOCI to earnings
— (8.2)0.1 (8.1)
Other comprehensive income (loss), net of tax(18.7)(4.4)(0.7)(23.8)
Balance at March 29, 2025(298.7)2.8 (4.0)(299.9)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
43.9 (7.3)(0.2)36.4 
Amounts reclassified from AOCI to earnings
— 12.1 0.1 12.2 
Other comprehensive income (loss), net of tax43.9 4.8 (0.1)48.6 
Balance at March 28, 2026$(254.8)$7.6 $(4.1)$(251.3)
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $5.3 million and $1.5 million for Fiscal 2026 and Fiscal 2024, respectively, and an income tax provision of $0.1 million for Fiscal 2025. OCI before reclassifications to earnings includes losses of $22.8 million (net of a $7.4 million income tax benefit), $0.9 million (net of a $0.2 million income tax benefit) and $13.3 million (net of a $4.2 million income tax benefit) for Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain of its foreign operations (see Note 12).
(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 $1.3 million for Fiscal 2026, and income tax provisions of $1.2 million and $2.1 million for Fiscal 2025 and Fiscal 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 all periods presented.
(d)The Company generally releases income tax effects from AOCI when the corresponding pretax AOCI items are reclassified to earnings.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
Fiscal Years Ended
March 28,
2026
March 29,
2025
March 30,
2024
Location of Gains (Losses)
Reclassified from AOCI to Earnings
(millions)
Gains (losses) on cash flow hedges(a):
    FC — Cash flow hedges
$(14.2)$9.6 $10.8 Cost of goods sold
    Tax effect2.1 (1.4)(1.5)Income tax benefit (provision)
Net of tax$(12.1)$8.2 $9.3 
(a)FC = Forward foreign currency exchange contracts.