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Stock-based Compensation (Tables) | 12 Months Ended
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Mar. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements | A summary of the total expense and the associated income tax benefits recognized related to stock-based compensation arrangements is as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
|  | (millions)
Compensation expense |  | $ | 81 |  |  | $ | 93 |  | (a) | $ | 88 |
Income tax benefit |  | $ | (30 | ) |  | $ | (34 | ) |  | $ | (29 | )
(a) | Includes approximately $10 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statement of income for Fiscal 2014 (see Note 12). All other stock-based compensation expense is recorded within SG&A expenses.
Weighted average assumptions used to estimate the fair value of stock options granted | The Company's weighted average assumptions used to estimate the fair value of stock options granted during the fiscal years presented were as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
Expected term (years) |  | 4.2 |  |  | 4.2 |  |  | 4.5 |
Expected volatility |  | 30.2 | % |  | 32.9 | % |  | 44.3 | %
Expected dividend yield |  | 1.10 | % |  | 0.98 | % |  | 1.05 | %
Risk-free interest rate |  | 1.4 | % |  | 1.1 | % |  | 0.6 | %
Weighted-average option grant date fair value |  | $37.91 |  |  | $45.83 |  |  | $47.89 |
Summary of the stock option activity under all plans | A summary of stock option activity during Fiscal 2015 is as follows:
|  | Number of Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value(a)
|  | (thousands) |  |  |  | (years) |  | (millions)
Options outstanding at March 29, 2014 |  | 3,026 |  |  | $ | 116.66 |  |  | 4.1 |  | $ | 143 |
Granted |  | 852 |  |  | 160.01 |  |  |  |  |
Exercised |  | (533 | ) |  | 98.47 |  |  |  |  |
Cancelled/Forfeited |  | (120 | ) |  | 165.96 |  |  |  |  |
Options outstanding at March 28, 2015 |  | 3,225 |  |  | $ | 129.28 |  |  | 4.0 |  | $ | 69 |
Options vested and expected to vest at March 28, 2015(b) |  | 3,159 |  |  | $ | 128.57 |  |  | 4.0 |  | $ | 69 |
Options exercisable at March 28, 2015 |  | 1,802 |  |  | $ | 101.89 |  |  | 2.6 |  | $ | 69 |
(a) | Aggregate intrinsic value is the amount by which the market price of Class A common stock at the end of the period exceeds the exercise price of the stock option, multiplied by the number of options.
(b) | The number of options expected to vest takes into consideration expected forfeitures.
Additional information pertaining to the Company's stock option plans | Additional information pertaining to the Company's stock option plans is as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
|  | (millions)
Aggregate intrinsic value of stock options exercised(a) |  | $ | 35 |  |  | $ | 63 |  |  | $ | 76 |
Cash received from the exercise of stock options |  | 52 |  |  | 52 |  |  | 49 |
Tax benefits realized on exercise of stock options |  | 12 |  |  | 24 |  |  | 29 |
(a) | Aggregate intrinsic value is the amount by which the market price of Class A common stock exceeded the stock option's exercise price when exercised, multiplied by the number of options.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Weighted average assumptions used to estimate the fair value of performance-based RSUs with TSR modifier | The weighted-average assumptions used to estimate the fair value of performance-based RSUs with a TSR modifier granted during the fiscal years presented were as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
Expected term (years) |  | 3.0 |  |  | 2.9 |  |  | 3.0 |
Expected volatility |  | 29.8 | % |  | 32.6 | % |  | 34.0 | %
Expected dividend yield |  | 1.09 | % |  | 0.98 | % |  | 1.13 | %
Risk-free interest rate |  | 0.9 | % |  | 0.4 | % |  | 0.3 | %
Weighted-average grant date fair value |  | $169.47 |  |  | $169.14 |  |  | $136.16 |
Restricted stock and service-based RSUs [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock and restricted stock unit activity | A summary of restricted stock and service-based RSU activity during Fiscal 2015 is as follows:
|  | Restricted Stock |  | Service- based RSUs
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
|  | (thousands) |  |  |  | (thousands) |  |
Nonvested at March 29, 2014 |  | 5 |  |  | $ | 159.71 |  |  | 7 |  |  | $ | 145.88 |
Granted |  | 3 |  |  | 162.36 |  |  | 44 |  |  | 150.23 |
Vested |  | (3 | ) |  | 152.40 |  |  | (4 | ) |  | 144.88 |
Nonvested at March 28, 2015 |  | 5 |  |  | $ | 164.73 |  |  | 47 |  |  | $ | 150.01 |
Additional information pertaining to the restricted stock and RSU activity |
|  | Restricted Stock |  | Service- based RSUs
Total unrecognized compensation expense at March 28, 2015 (millions) |  | $ | 0.2 |  |  | $ | 4.7 |
Weighted-average period expected to be recognized over (years) |  | 1.5 |  |  | 1.6 |
Additional information pertaining to restricted stock and service-based RSU activity is as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
Restricted Stock: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 162.36 |  |  | $ | 164.76 |  |  | $ | 173.33 |
Total fair value of awards vested (millions) |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Service-based RSUs: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 150.23 |  |  | N/A |  |  | $ | 150.17 |
Total fair value of awards vested (millions) |  | $ | 1 |  |  | $ | 16 |  |  | $ | 22 |
Performance Shares [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock and restricted stock unit activity | A summary of performance-based RSUs without TSR Modifier and performance-based RSUs with TSR Modifier activity during Fiscal 2015 is as follows:
|  | Performance-based RSUs — without TSR Modifier |  | Performance-based RSUs — with TSR Modifier
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
|  | (thousands) |  |  |  | (thousands) |  |
Nonvested at March 29, 2014 |  | 798 |  |  | $ | 148.93 |  |  | 145 |  |  | $ | 153.29 |
Granted |  | 303 |  |  | 157.10 |  |  | 79 |  |  | 169.47 |
Change due to performance/market condition achievement |  | 83 |  |  | 133.30 |  |  | — |  |  | — |
Vested |  | (422 | ) |  | 139.78 |  |  | — |  |  | — |
Forfeited |  | (65 | ) |  | 156.72 |  |  | (10 | ) |  | 166.44 |
Nonvested at March 28, 2015 |  | 697 |  |  | $ | 155.47 |  |  | 214 |  |  | $ | 158.65 |
Additional information pertaining to the restricted stock and RSU activity |
|  | Performance-based RSUs — without TSR Modifier |  | Performance-based RSUs — with TSR Modifier
Total unrecognized compensation expense at March 28, 2015 (millions) |  | $ | 36 |  |  | $ | 11 |
Weighted-average period expected to be recognized over (years) |  | 1.6 |  |  | 1.8 |
Additional information pertaining to performance-based RSUs without TSR Modifier and performance-based RSUs with TSR Modifier activity is as follows:
|  | Fiscal Years Ended
|  | March 28, 2015 |  | March 29, 2014 |  | March 30, 2013
Performance-based RSUs — without TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 157.10 |  |  | $ | 171.93 |  |  | $ | 137.45 |
Total fair value of awards vested (millions) |  | $ | 65 |  |  | $ | 109 |  |  | $ | 106 |
Performance-based RSUs — with TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 169.47 |  |  | $ | 169.14 |  |  | $ | 136.16 |
Total fair value of awards vested (millions) |  | $ | — |  |  | $ | — |  |  | $ | — |

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