v3.25.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Mar. 29, 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)(d)
(millions)
Balance at April 2, 2022$(189.7)$9.0 $0.4 $(180.3)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(14.1)15.6 3.7 5.2 
Amounts reclassified from AOCI to earnings
— (20.5)(0.4)(20.9)
Other comprehensive income (loss), net of tax(14.1)(4.9)3.3 (15.7)
Balance at April 1, 2023(203.8)4.1 3.7 (196.0)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(76.2)12.4 (7.9)(71.7)
Amounts reclassified from AOCI to earnings
— (9.3)0.9 (8.4)
Other comprehensive income (loss), net of tax(76.2)3.1 (7.0)(80.1)
Balance at March 30, 2024(280.0)7.2 (3.3)(276.1)
Other comprehensive income (loss), net of tax:
OCI before reclassifications
(18.7)3.8 (0.8)(15.7)
Amounts reclassified from AOCI to earnings
— (8.2)0.1 (8.1)
Other comprehensive income (loss), net of tax(18.7)(4.4)(0.7)(23.8)
Balance at March 29, 2025$(298.7)$2.8 $(4.0)$(299.9)
(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax provisions of $0.1 million and $12.6 million for Fiscal 2025 and Fiscal 2023, respectively, and an income tax benefit of $1.5 million for Fiscal 2024. OCI before reclassifications to earnings includes losses of $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 2025 and Fiscal 2024, respectively, and a gain of $28.2 million (net of a $9.0 million income tax provision) for Fiscal 2023, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations (see Note 13).
(b)OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges are presented net of income tax provisions of $1.2 million, $2.1 million, and $2.5 million for Fiscal 2025, Fiscal 2024, and Fiscal 2023, 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.
The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:
Fiscal Years Ended
March 29,
2025		March 30,
2024		April 1,
2023
Location of Gains (Losses)
Reclassified from AOCI to Earnings
(millions)
Gains (losses) on cash flow hedges(a):
    FC — Cash flow hedges
$9.6 $10.8 $23.8 Cost of goods sold
    Tax effect(1.4)(1.5)(3.3)Income tax provision
Net of tax$8.2 $9.3 $20.5 
(a)FC = Forward foreign currency exchange contracts.