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Stock-based Compensation (Tables) | 12 Months Ended
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Apr. 01, 2017
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 1, 2017 |  | April 2, 2016 |  | March 28, 2015
|  | (millions)
Compensation expense |  | $ | 63.6 |  | (a) | $ | 97.0 |  | (a) | $ | 80.5 |
Income tax benefit |  | $ | (22.6 | ) |  | $ | (36.8 | ) |  | $ | (30.0 | )
(a) | Fiscal 2017 and Fiscal 2016 include $4.3 million and $8.9 million, respectively, of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statements of operations (see Note 10). 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 1, 2017(a) |  | April 2, 2016(a) |  | March 28, 2015
Expected term (years) |  | N/A |  | N/A |  | 4.2 |
Expected volatility |  | N/A |  | N/A |  | 30.2 | %
Expected dividend yield |  | N/A |  | N/A |  | 1.10 | %
Risk-free interest rate |  | N/A |  | N/A |  | 1.4 | %
Weighted-average option grant date fair value |  | N/A |  | N/A |  | $37.91 |
(a) | No stock options were granted during Fiscal 2017 or Fiscal 2016.
Summary of the stock option activity under all plans | A summary of stock option activity during Fiscal 2017 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 April 2, 2016 |  | 2,418 |  |  | $ | 146.58 |  |  | 3.7 |  | $ | 6.5 |
Granted |  | — |  |  | N/A |  |  |  |  |
Exercised |  | (88 | ) |  | 63.03 |  |  |  |  |
Cancelled/Forfeited |  | (610 | ) |  | 159.07 |  |  |  |  |
Options outstanding at April 1, 2017 |  | 1,720 |  |  | $ | 146.35 |  |  | 2.6 |  | $ | 1.0 |
Options vested and expected to vest at April 1, 2017(b) |  | 1,719 |  |  | $ | 146.35 |  |  | 2.6 |  | $ | 1.0 |
Options exercisable at April 1, 2017 |  | 1,572 |  |  | $ | 145.08 |  |  | 2.5 |  | $ | 1.0 |
(a) | Aggregate intrinsic value is the amount by which the market price of the Company's 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 1, 2017 |  | April 2, 2016 |  | March 28, 2015
|  | (millions)
Aggregate intrinsic value of stock options exercised(a) |  | $ | 3.0 |  |  | $ | 43.8 |  |  | $ | 34.6 |
Cash received from the exercise of stock options |  | 5.0 |  |  | 33.2 |  |  | 52.5 |
Tax benefits realized on exercise of stock options |  | 1.0 |  |  | 16.8 |  |  | 12.4 |
(a) | Aggregate intrinsic value is the amount by which the market price of the Company's 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 1, 2017(a) |  | April 2, 2016(a) |  | March 28, 2015
Expected term (years) |  | N/A |  | N/A |  | 3.0 |
Expected volatility |  | N/A |  | N/A |  | 29.8 | %
Expected dividend yield |  | N/A |  | N/A |  | 1.09 | %
Risk-free interest rate |  | N/A |  | N/A |  | 0.9 | %
Weighted-average grant date fair value |  | N/A |  | N/A |  | $169.47 |
(a) | No performance-based RSUs with a TSR modifier were granted during Fiscal 2017 or 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 2017 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 April 2, 2016 |  | 14 |  |  | $ | 110.68 |  |  | 490 |  |  | $ | 126.30 |
Granted |  | 11 |  |  | 81.78 |  |  | 768 |  |  | 82.89 |
Vested |  | (6 | ) |  | 117.85 |  |  | (158 | ) |  | 126.53 |
Forfeited |  | — |  |  | N/A |  |  | (178 | ) |  | 103.87 |
Nonvested at April 1, 2017 |  | 19 |  |  | $ | 92.11 |  |  | 922 |  |  | $ | 94.31 |
Additional information pertaining to the restricted stock and restricted stock unit activity |
|  | Restricted Stock |  | Service- based RSUs
Total unrecognized compensation expense at April 1, 2017 (millions) |  | $ | 1.3 |  |  | $ | 30.6 |
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 1, 2017 |  | April 2, 2016 |  | March 28, 2015
Restricted Stock: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 81.78 |  |  | $ | 111.94 |  |  | $ | 162.36 |
Total fair value of awards vested (millions) |  | $ | 0.5 |  |  | $ | 0.7 |  |  | $ | 0.4 |
Service-based RSUs: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 82.89 |  |  | $ | 125.19 |  |  | $ | 150.23 |
Total fair value of awards vested (millions) |  | $ | 13.8 |  |  | $ | 2.1 |  |  | $ | 0.6 |
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 2017 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 April 2, 2016 |  | 691 |  |  | $ | 144.81 |  |  | 142 |  |  | $ | 169.46 |
Granted |  | 430 |  |  | 86.11 |  |  | — |  |  | N/A |
Change due to performance/market condition achievement |  | (14 | ) |  | 163.77 |  |  | (25 | ) |  | 169.16 |
Vested |  | (216 | ) |  | 160.01 |  |  | (49 | ) |  | 169.23 |
Forfeited |  | (103 | ) |  | 132.67 |  |  | (7 | ) |  | 167.63 |
Nonvested at April 1, 2017 |  | 788 |  |  | $ | 109.87 |  |  | 61 |  |  | $ | 170.03 |
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 1, 2017 (millions) |  | $ | 25.8 |  |  | $ | 0.4 |
Weighted-average period expected to be recognized over (years) |  | 1.7 |  |  | 0.2 |
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 1, 2017 |  | April 2, 2016 |  | March 28, 2015
Performance-based RSUs — without TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | $ | 86.11 |  |  | $ | 126.48 |  |  | $ | 157.10 |
Total fair value of awards vested (millions) |  | $ | 19.7 |  |  | $ | 38.3 |  |  | $ | 64.7 |
Performance-based RSUs — with TSR Modifier: |  |  |  |  |  |
Weighted-average grant date fair value of awards granted |  | N/A |  |  | N/A |  |  | $ | 169.47 |
Total fair value of awards vested (millions) |  | $ | 4.7 |  |  | $ | 6.6 |  |  | $ | — |

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