Additional Financial Information

12 Months Ended

Mar. 29, 2014

Supplemental Cash Flow Information [Abstract]

Cash Interest and Taxes

Cash paid for interest and income taxes is as follows:



	Fiscal Years Ended
	March 29, 2014		March 30, 2013		March 31, 2012
	(millions)
Cash paid for interest	$	20	$	18	$	24
Cash paid for income taxes	$	302	$	339	$	189

Non-cash Transactions

Significant non-cash investing activities included the capitalization of fixed assets and recognition of related obligations in the net amount of $45 million, $53 million, and $45 million in Fiscal 2014, Fiscal 2013, and Fiscal 2012, respectively. In addition, the Company recorded an asset as construction in progress and a corresponding capital lease obligation of $230 million within its consolidated balance sheet in connection with a new lease for a new Polo flagship store in New York City, upon taking possession of the property in July 2013 (See Note 17).

Significant non-cash activities in Fiscal 2014 also included the $16 million gain recorded in connection with the Chaps Menswear License Acquisition in April 2013 (See Note 5).

Significant non-cash financing activities included the conversions of 3.0 million shares and 950,000 shares of Class B common stock into an equal number of shares of Class A common stock during Fiscal 2014 and Fiscal 2013, respectively, as described further in Note 18.

There were no other significant non-cash investing or financing activities for the fiscal years presented.