XML 94 R27.htm IDEA: XBRL DOCUMENT v3.3.0.814
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 26, 2015
Summary of Significant Accounting Policies (Tables) [Abstract]  
Summary of Basic and Diluted shares
The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Basic shares
 
85.6

 
88.4

 
86.1

 
88.7

Dilutive effect of stock options, restricted stock, and RSUs
 
0.4

 
0.8

 
0.7

 
1.0

Diluted shares
 
86.0

 
89.2

 
86.8

 
89.7

Sales Returns and Allowances [Member]  
Summary of Significant Accounting Policies (Tables) [Abstract]  
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks
A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented below:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Beginning reserve balance
 
$
210

 
$
245

 
$
240

 
$
254

Amount charged against revenue to increase reserve
 
239

 
212

 
389

 
369

Amount credited against customer accounts to decrease reserve
 
(203
)
 
(167
)
 
(384
)
 
(332
)
Foreign currency translation
 

 
(6
)
 
1

 
(7
)
Ending reserve balance
 
$
246

 
$
284

 
$
246

 
$
284