Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Sep. 27, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

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	69.7		(17.4)		(0.5)		51.8
Amounts reclassified from AOCI to earnings	—		0.2		0.1		0.3
Other comprehensive income (loss), net of tax	69.7		(17.2)		(0.4)		52.1
Balance at September 27, 2025	$	(229.0)	$	(14.4)	$	(4.4)	$	(247.8)

Balance at March 30, 2024	$	(280.0)	$	7.2	$	(3.3)	$	(276.1)
Other comprehensive income (loss), net of tax:
OCI before reclassifications	59.9		(5.2)		(1.2)		53.5
Amounts reclassified from AOCI to earnings	—		(4.2)		1.1		(3.1)
Other comprehensive income (loss), net of tax	59.9		(9.4)		(0.1)		50.4
Balance at September 28, 2024	$	(220.1)	$	(2.2)	$	(3.4)	$	(225.7)

(a)OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $13.9 million and $5.0 million for the six-month periods ended September 27, 2025 and September 28, 2024, respectively. OCI before reclassifications to earnings for the six-month periods ended September 27, 2025 and September 28, 2024 includes losses of $39.3 million (net of a $12.6 million income tax benefit) and $12.2 million (net of a $3.9 million income tax benefit), 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 income tax benefits of $3.0 million and $0.9 million for the six-month periods ended September 27, 2025 and September 28, 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 Ended				Six Months Ended				Location of Gains (Losses) Reclassified from AOCI to Earnings
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
	(millions)
Gains (losses) on cash flow hedges(a):
FC — Cash flow hedges	$	(5.0)	$	2.7	$	(0.3)	$	4.9	Cost of goods sold

Tax effect	0.8		(0.4)		0.1		(0.7)		Income tax benefit (provision)
Net of tax	$	(4.2)	$	2.3	$	(0.2)	$	4.2

(a)FC = Forward foreign currency exchange contracts.

RALPH LAUREN CORP 10-Q