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Stock-based Compensation (Tables)
12 Months Ended
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

 
$