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Restructuring and Other Charges (Tables)

9 Months Ended

Dec. 26, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Global Reorganization Plan during the three-month and nine-month periods ended December 26, 2015 is as follows:

		December 26, 2015
		Three Months Ended				Nine Months Ended
		(millions)
Cash-related restructuring charges:
Severance and benefit costs		$	11			$	49
Lease termination and store closure costs		—				7
Other cash charges(a)		3				11
Total cash-related restructuring charges		14				67
Non-cash charges:
Impairment of assets (see Note 8)		9				24
Accelerated stock-based compensation expense(b)		9				9
Inventory-related charges(c)		10				13
Total non-cash charges		28				46
Total charges		$	42			$	113

^(a)  Other cash charges primarily consisted of consulting fees recorded in connection with the Global Reorganization Plan.

^(b)  Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the unaudited interim consolidated statements of income, was recorded in connection with vesting provisions associated with certain separation agreements.

^(c)  Inventory-related charges are recorded within cost of goods sold in the unaudited interim consolidated statements of income.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

A summary of the activity in the restructuring reserve related to the Global Reorganization Plan is as follows:

		Severance and Benefit Costs				Lease Termination and Store Closure Costs				Other Cash Charges				Total
		(millions)
Balance at March 28, 2015		$	—			$	—			$	—			$	—
Additions charged to expense		49				7				11				67
Cash payments charged against reserve		(26		)		(2		)		(7		)		(35		)
Non-cash adjustments		—				1				—				1
Balance at December 26, 2015		$	23			$	6			$	4			$	33

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

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