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Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.25.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 27, 2025
Restructuring and Related Activities [Abstract] Ìý
Schedule of Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent within ±«ÓãÖ±²¥'s Consolidated Statements of Operations for the three and six months ended September 2025 and 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended September Six Months Ended September Cumulative Charges
(In thousands) 2025 2024 2025 2024
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 4,214Ìý $ 8,158Ìý $ 15,462Ìý $ 19,299Ìý $ 146,286Ìý
Severance and employee-related benefits CostÌýofÌýgoodsÌýsold (405) —Ìý 3,820Ìý 181Ìý 10,003Ìý
Contract termination and other SG&A expenses —Ìý —Ìý 326Ìý 737Ìý 1,063Ìý
Contract termination and other CostÌýofÌýgoodsÌýsold —Ìý —Ìý —Ìý 157Ìý 157Ìý
Asset impairments and write-downs SG&A expenses (30) —Ìý 2,170Ìý 500Ìý 50,339Ìý
Pension withdrawal SG&A expenses —Ìý 3,619Ìý —Ìý 3,619Ìý 3,619Ìý
Curtailment gains Other income (expense), net —Ìý —Ìý (531) —Ìý (1,467)
Accelerated depreciation SG&A expenses —Ìý 18Ìý —Ìý 879Ìý 1,317Ìý
Accelerated depreciation CostÌýofÌýgoodsÌýsold 322Ìý —Ìý 322Ìý 17Ìý 339Ìý
Total Reinvent Restructuring Charges $ 4,101Ìý $ 11,795Ìý $ 21,569Ìý $ 25,389Ìý $ 211,656Ìý
The type of cost and respective location of Other Restructuring Charges within ±«ÓãÖ±²¥'s Consolidated Statement of Operations for the three and six months ended September 2025 and 2024 were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2025 2024 2025 2024
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 788Ìý $ —Ìý $ 788Ìý $ —Ìý
Contract termination and other SG&A expenses —Ìý 154Ìý —Ìý 591Ìý
Total Other Restructuring Charges $ 788Ìý $ 154Ìý $ 788Ìý $ 591Ìý
Other Restructuring Charges by reportable segment were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2025 2024 2025 2024
Active $ 331Ìý $ —Ìý $ 331Ìý $ —Ìý
Corporate and other 457 154 457 591
Total 788 154 788 591
Schedule of Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2025 was as follows:
(In thousands) Severance Other Total
Accrual at March 2025 $ 65,250Ìý $ 337Ìý $ 65,587Ìý
Charges 20,070Ìý —Ìý 20,070Ìý
Cash payments and settlements (49,983) —Ìý (49,983)
Adjustments to accruals (16) (337) (353)
Impact of foreign currency 737Ìý —Ìý 737Ìý
Accrual at September 2025 $ 36,058Ìý $ —Ìý $ 36,058Ìý