Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.23.1
INVENTORIES
 12 Months Ended
Apr. 01, 2023
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
(In thousands) March 2023 March 2022
Finished products $ 2,240,215  $ 1,353,483 
Work-in-process 39,508  50,774 
Raw materials 13,067  14,416 
Total inventories $ 2,292,790  $ 1,418,673 
During the first quarter of Fiscal 2023, the Company modified terms with the majority of its suppliers to take ownership of inventory near point of shipment rather than destination. Finished products included $321.4 million and $67.7 million of in-transit inventory as of March 2023 and 2022, respectively.