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Debt (Tables)
 12 Months Ended
Apr. 02, 2016
Debt Disclosure [Abstract]  
Schedule of Debt Instruments
Debt consists of the following:
 
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
$300 million 2.125% Senior Notes(a)
 
$
301

 
$
298

$300 million 2.625% Senior Notes(b)
 
296

 
—

Commercial paper notes
 
90

 
234

Borrowings outstanding under credit facilities
 
26

 
—

Total debt
 
713

 
532

Less: short-term debt
 
116

 
234

Total long-term debt
 
$
597

 
$
298


 
 
(a) 
During Fiscal 2016, the Company entered into an interest rate swap contract which it designated as a hedge against changes in the fair value of its fixed-rate 2.125% Senior Notes (see Note 15). Accordingly, the carrying value of the 2.125% Senior Notes as of April 2, 2016 reflects an adjustment of $2 million for the change in fair value attributable to the benchmark interest rate. The carrying value of the 2.125% Senior Notes is also net of unamortized debt issuance costs and discount of $1 million and $2 million as of April 2, 2016 and March 28, 2015, respectively.
(b) 
During Fiscal 2016, the Company entered into an interest rate swap contract which it designated as a hedge against changes in the fair value of its fixed-rate 2.625% Senior Notes (see Note 15). Accordingly, the carrying value of the 2.625% Senior Notes as of April 2, 2016 reflects an adjustment of $2 million for the change in fair value attributable to the benchmark interest rate. The carrying value of the 2.625% Senior Notes is also net of unamortized debt issuance costs and discount of $2 million as of April 2, 2016.