Quarterly report pursuant to Section 13 or 15(d)

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v3.10.0.1
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
6 Months Ended
Sep. 29, 2018
Equity [Abstract]  
Shares Held for Deferred Compensation Plans
Balances related to shares held for deferred compensation plans were as follows:
(In thousands, except share amounts)
 
September 2018
 
 
March 2018
 
September 2017
Shares held for deferred compensation plans
 
169,114

 
 
284,785

 
320,615

Cost of shares held for deferred compensation plans
 
$
2,561

 
 
$
3,621

 
$
3,973

Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI
The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands)
 
September 2018
 
 
March 2018
 
September 2017
Foreign currency translation and other
 
$
(665,962
)
 
 
$
(476,869
)
 
$
(567,964
)
Defined benefit pension plans
 
(226,039
)
 
 
(289,618
)
 
(268,159
)
Derivative financial instruments
 
29,085

 
 
(97,543
)
 
(78,773
)
Accumulated other comprehensive income (loss)
 
$
(862,916
)
 
 
$
(864,030
)
 
$
(914,896
)

The changes in accumulated OCI, net of related taxes, are as follows:
 
Three Months Ended September 2018
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, June 2018
$
(651,739
)
 
$
(230,517
)
 
$
178

 
$
(882,078
)
Other comprehensive income (loss) before reclassifications
(14,223
)
 
(1,416
)
 
15,151

 
(488
)
Amounts reclassified from accumulated other comprehensive income (loss)

 
5,894

 
13,756

 
19,650

Net other comprehensive income (loss)
(14,223
)
 
4,478

 
28,907

 
19,162

Balance, September 2018
$
(665,962
)
 
$
(226,039
)
 
$
29,085

 
$
(862,916
)
 

 
Three Months Ended September 2017
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, June 2017
$
(633,209
)
 
$
(275,089
)
 
$
(22,299
)
 
$
(930,597
)
Other comprehensive income (loss) before reclassifications
65,245

 

 
(51,826
)
 
13,419

Amounts reclassified from accumulated other comprehensive income (loss)

 
6,930

 
(4,648
)
 
2,282

Net other comprehensive income (loss)
65,245

 
6,930

 
(56,474
)
 
15,701

Balance, September 2017
$
(567,964
)
 
$
(268,159
)
 
$
(78,773
)
 
$
(914,896
)
 

 
Six Months Ended September 2018
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, March 2018
$
(476,869
)
 
$
(289,618
)
 
$
(97,543
)
 
$
(864,030
)
Other comprehensive income (loss) before reclassifications
(189,093
)
 
38,812

 
98,422

 
(51,859
)
Amounts reclassified from accumulated other comprehensive income (loss)

 
24,767

 
28,206

 
52,973

Net other comprehensive income (loss)
(189,093
)
 
63,579

 
126,628

 
1,114

Balance, September 2018
$
(665,962
)
 
$
(226,039
)
 
$
29,085

 
$
(862,916
)

 
Six Months Ended September 2017
(In thousands)
Foreign Currency Translation and Other
 
Defined Benefit Pension Plans
 
Derivative Financial Instruments
 
Total
Balance, March 2017
$
(742,281
)
 
$
(281,721
)
 
$
35,962

 
$
(988,040
)
Other comprehensive income (loss) before reclassifications
174,317

 

 
(100,302
)
 
74,015

Amounts reclassified from accumulated other comprehensive income (loss)

 
13,562

 
(14,433
)
 
(871
)
Net other comprehensive income (loss)
174,317

 
13,562

 
(114,735
)
 
73,144

Balance, September 2017
$
(567,964
)
 
$
(268,159
)
 
$
(78,773
)
 
$
(914,896
)

Reclassifications Out of Accumulated OCI
Reclassifications out of accumulated OCI are as follows:
 
(In thousands)
Details About Accumulated Other Comprehensive Income (Loss) Components
Affected Line Item in the Consolidated Statements of Income
 
 
Three Months Ended September
 
 
Six Months Ended September
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Amortization of defined benefit pension plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net deferred actuarial losses
Other income (expense), net
 
 
$
(6,655
)
 
 
$
(10,030
)
 
 
$
(15,477
)
 
 
$
(20,032
)
 
Deferred prior service (costs) credits
Other income (expense), net
 
 
59

 
 
(643
)
 
 
(610
)
 
 
(1,288
)
 
Pension curtailment losses and settlement charges
Other income (expense), net
 
 
(1,342
)
 
 

 
 
(17,667
)
 
 

 
Total before tax
 
 
 
(7,938
)
 
 
(10,673
)
 
 
(33,754
)
 
 
(21,320
)
 
Tax benefit
 
 
 
2,044

 
 
3,743

 
 
8,987

 
 
7,758

 
Net of tax
 
 
 
(5,894
)
 
 
(6,930
)
 
 
(24,767
)
 
 
(13,562
)
 
Gains (losses) on derivative financial instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Net sales
 
 
4,527

 
 
11,614

 
 
5,472

 
 
18,661

 
Foreign exchange contracts
Cost of goods sold
 
 
(14,638
)
 
 
(4,164
)
 
 
(26,576
)
 
 
1,489

 
Foreign exchange contracts
Selling, general and administrative expenses
 
 
(1,522
)
 
 
(882
)
 
 
(4,220
)
 
 
(1,125
)
 
Foreign exchange contracts
Other income (expense), net
 
 
(970
)
 
 
(774
)
 
 
(2,363
)
 
 
(737
)
 
Interest rate contracts
Interest expense
 
 
(1,243
)
 
 
(1,185
)
 
 
(2,476
)
 
 
(2,360
)
 
Total before tax
 
 
 
(13,846
)
 
 
4,609

 
 
(30,163
)
 
 
15,928

 
Tax benefit (expense)
 
 
 
90

 
 
39

 
 
1,957

 
 
(1,495
)
 
Net of tax
 
 
 
(13,756
)
 
 
4,648

 
 
(28,206
)
 
 
14,433

 
Total reclassifications for the period, net of tax
 
 
$
(19,650
)
 
 
$
(2,282
)
 
 
$
(52,973
)
 
 
$
871