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Debt (Tables) | 9 Months Ended
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Dec. 26, 2015
Debt Disclosure [Abstract] |
Schedule of Debt Instruments | Debt consists of the following:
|  | December 26, 2015 |  | March 28, 2015
|  | (millions)
$300 million 2.125% Senior Notes(a) |  | $ | 298 |  |  | $ | 298 |
$300 million 2.625% Senior Notes(b) |  | 298 |  |  | — |
Commercial paper notes |  | 15 |  |  | 234 |
Total debt |  | 611 |  |  | 532 |
Less: short-term debt |  | 15 |  |  | 234 |
Total long-term debt |  | $ | 596 |  |  | $ | 298 |
(a) | During the first quarter of 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 13). Accordingly, the carrying value of the 2.125% Senior Notes as of December 26, 2015 reflects an adjustment of $1 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 December 26, 2015 and March 28, 2015, respectively.
(b) | The carrying value of the 2.625% Senior Notes is net of unamortized debt issuance costs and discount of $2 million as of December 26, 2015.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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