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Restructuring and Other Charges (Tables)

6 Months Ended

Sep. 30, 2017

Way Forward Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Way Forward Plan during the three-month and six-month periods ended September 30, 2017 and October 1, 2016, as well as the cumulative charges recorded since its inception, is as follows:

		Three Months Ended								Six Months Ended
		September 30, 2017				October 1, 2016				September 30, 2017				October 1, 2016				Cumulative Charges
		(millions)
Cash-related restructuring charges:
Severance and benefit costs		$	6.2			$	24.5			$	17.9			$	101.6			$	200.6
Lease termination and store closure costs		5.4				12.9				17.6				14.7				104.9
Other cash charges		5.7				4.1				8.4				6.0				27.5
Total cash-related restructuring charges		17.3				41.5				43.9				122.3				333.0
Non-cash charges:
Impairment of assets (see Note 7)		2.1				27.0				11.8				46.4				246.4
Inventory-related charges(a)		0.6				81.0				1.3				135.0				199.2
Total non-cash charges		2.7				108.0				13.1				181.4				445.6
Total charges		$	20.0			$	149.5			$	57.0			$	303.7			$	778.6

^(a)  Cumulative inventory-related charges include $155.2 million associated with the destruction of inventory out of current liquidation channels, of which $63.5 million and $113.8 million was recorded during the three-month and six-month periods ended October 1, 2016, respectively. Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Way Forward Plan is as follows:

		Severance and Benefit Costs				Lease Termination and Store Closure Costs				Other Cash Charges				Total
		(millions)
Balance at April 1, 2017		$	94.3			$	34.3			$	6.6			$	135.2
Additions charged to expense		17.9				17.6				8.4				43.9
Cash payments charged against reserve		(54.9		)		(12.5		)		(8.0		)		(75.4		)
Non-cash adjustments		0.9				5.5				—				6.4
Balance at September 30, 2017		$	58.2			$	44.9			$	7.0			$	110.1

Global Reorganization Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Global Reorganization Plan during the three-month and six-month periods ended October 1, 2016, as well as the cumulative charges recorded since its inception, is as follows:

		October 1, 2016
		Three Months Ended				Six Months Ended				Cumulative Charges
		(millions)
Cash-related restructuring charges:
Severance and benefit costs		$	—			$	4.7			$	69.1
Lease termination and store closure costs		—				0.2				8.0
Other cash charges		—				—				13.8
Total cash-related restructuring charges		—				4.9				90.9
Non-cash charges:
Impairment of assets (see Note 7)		—				—				27.2
Inventory-related charges(a)		—				—				20.4
Accelerated stock-based compensation expense(b)		—				—				8.9
Total non-cash charges		—				—				56.5
Total charges		$	—			$	4.9			$	147.4

^(a)  Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

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

Schedule of Restructuring Reserve by Type of Cost

A summary of current period 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 April 1, 2017		$	8.6			$	3.4			$	0.2			$	12.2
Cash payments charged against reserve		(2.7		)		(1.4		)		—				(4.1		)
Balance at September 30, 2017		$	5.9			$	2.0			$	0.2			$	8.1

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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

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
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