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Stock-based Compensation (Tables) | 12 Months Ended
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Apr. 02, 2016
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 |
|  | April 2, 2016 |  | March 28, 2015 |  | March 29, 2014 |
|  | (millions) |
Compensation expense |  | $ | 97 |  | (a) | $ | 81 |  |  | $ | 93 |  | (a)
Income tax benefit |  | $ | (37 | ) |  | $ | (30 | ) |  | $ | (34 | ) |
(a) | Fiscal 2016 and Fiscal 2014 include approximately $9 million and $10 million, respectively, of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statements of income (see Note 11). All other stock-based compensation expense was 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
|  | April 2, 2016(a) |  | March 28, 2015 |  | March 29, 2014
Expected term (years) |  | N/A |  | 4.2 |  |  | 4.2 |
Expected volatility |  | N/A |  | 30.2 | % |  | 32.9 | %
Expected dividend yield |  | N/A |  | 1.10 | % |  | 0.98 | %
Risk-free interest rate |  | N/A |  | 1.4 | % |  | 1.1 | %
Weighted-average option grant date fair value |  | N/A |  | $37.91 |  |  | $45.83 |
(a) | No stock options were granted during Fiscal 2016.
Summary of the stock option activity under all plans | A summary of stock option activity during Fiscal 2016 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 28, 2015 |  | 3,225 |  |  | $ | 129.28 |  |  | 4.0 |  | $ | 69 |
Granted |  | — |  |  | N/A |  |  |  |  |
Exercised |  | (625 | ) |  | 52.37 |  |  |  |  |
Cancelled/Forfeited |  | (182 | ) |  | 163.56 |  |  |  |  |
Options outstanding at April 2, 2016 |  | 2,418 |  |  | $ | 146.58 |  |  | 3.7 |  | $ | 6 |
Options vested and expected to vest at April 2, 2016(b) |  | 2,391 |  |  | $ | 145.60 |  |  | 3.7 |  | $ | 6 |
Options exercisable at April 2, 2016 |  | 1,818 |  |  | $ | 140.34 |  |  | 3.3 |  | $ | 6 |
(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
|  | April 2, 2016 |  | March 28, 2015 |  | March 29, 2014
|  | (millions)
Aggregate intrinsic value of stock options exercised(a) |  | $ | 44 |  |  | $ | 35 |  |  | $ | 63 |
Cash received from the exercise of stock options |  | 34 |  |  | 52 |  |  | 52 |
Tax benefits realized on exercise of stock options |  | 17 |  |  | 12 |  |  | 24 |
(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
|  | April 2, 2016(a) |  | March 28, 2015 |  | March 29, 2014
Expected term (years) |  | N/A |  | 3.0 |  |  | 2.9 |
Expected volatility |  | N/A |  | 29.8 | % |  | 32.6 | %
Expected dividend yield |  | N/A |  | 1.09 | % |  | 0.98 | %
Risk-free interest rate |  | N/A |  | 0.9 | % |  | 0.4 | %
Weighted-average grant date fair value |  | N/A |  | $169.47 |  |  | $169.14 |
(a) | No performance-based RSUs with a TSR modifier were granted during Fiscal 2016.
Restricted stock and service-based restricted stock units [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 2016 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 28, 2015 |  | 5 |  |  | $ | 164.73 |  |  | 47 |  |  | $ | 150.01 |
Granted |  | 17 |  |  | 111.94 |  |  | 508 |  |  | 125.19 |
Vested |  | (7 | ) |  | 153.53 |  |  | (18 | ) |  | 149.28 |
Forfeited |  | (1 | ) |  | 139.87 |  |  | (47 | ) |  | 129.60 |
Nonvested at April 2, 2016 |  | 14 |  |  | $ | 110.68 |  |  | 490 |  |  | $ | 126.30 |
Additional information pertaining to the restricted stock and restricted stock unit activity |
|  | Restricted Stock |  | Service- based RSUs
Total unrecognized compensation expense at April 2, 2016 (millions) |  | $ | 1 |  |  | $ | 25 |
Weighted-average period expected to be recognized over (years) |  | 1.8 |  |  | 1.5 |
Additional information pertaining to restricted stock and service-based RSU activity is as follows:
|  | Fiscal Years Ended
|  | April 2, 2016 |  | March 28, 2015 |  | March 29, 2014
Restricted Stock: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 111.94 |  |  | $ | 162.36 |  |  | $ | 164.76 |
Total fair value of awards vested (millions) |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Service-based RSUs: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 125.19 |  |  | $ | 150.23 |  |  | N/A |
Total fair value of awards vested (millions) |  | $ | 2 |  |  | $ | 1 |  |  | $ | 16 |
Performance-based restricted stock units [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 2016 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 28, 2015 |  | 697 |  |  | $ | 155.47 |  |  | 214 |  |  | $ | 158.65 |
Granted |  | 341 |  |  | 126.48 |  |  | — |  |  | N/A |
Change due to performance/market condition achievement |  | (8 | ) |  | 137.08 |  |  | (20 | ) |  | 136.27 |
Vested |  | (293 | ) |  | 147.26 |  |  | (50 | ) |  | 136.30 |
Forfeited |  | (46 | ) |  | 155.61 |  |  | (2 | ) |  | 167.64 |
Nonvested at April 2, 2016 |  | 691 |  |  | $ | 144.81 |  |  | 142 |  |  | $ | 169.46 |
Additional information pertaining to the restricted stock and restricted stock unit activity |
|  | Performance-based RSUs — without TSR Modifier |  | Performance-based RSUs — with TSR Modifier
Total unrecognized compensation expense at April 2, 2016 (millions) |  | $ | 25 |  |  | $ | 3 |
Weighted-average period expected to be recognized over (years) |  | 1.6 |  |  | 1.1 |
Additional information pertaining to performance-based RSUs without TSR Modifier and performance-based RSUs with TSR Modifier activity is as follows:
|  | Fiscal Years Ended
|  | April 2, 2016 |  | March 28, 2015 |  | March 29, 2014
Performance-based RSUs — without TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 126.48 |  |  | $ | 157.10 |  |  | $ | 171.93 |
Total fair value of awards vested (millions) |  | $ | 38 |  |  | $ | 65 |  |  | $ | 109 |
Performance-based RSUs — with TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | N/A |  |  | $ | 169.47 |  |  | $ | 169.14 |
Total fair value of awards vested (millions) |  | $ | 7 |  |  | $ | — |  |  | $ | — |

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