XML 55 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Additional Financial Information
6 Months Ended
Sep. 28, 2019
Supplemental Cash Flow Information [Abstract]  
Additional Financial Information
Additional Financial Information
Reconciliation of Cash, Cash Equivalents, and Restricted Cash
A reconciliation of cash, cash equivalents, and restricted cash as of September 28, 2019 and March 30, 2019 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:
 
 
September 28,
2019
 
March 30,
2019
 
 
(millions)
Cash and cash equivalents
 
$
548.1

 
$
584.1

Restricted cash included within prepaid expenses and other current assets
 
7.1

 
11.9

Restricted cash included within other non-current assets
 
8.1

 
30.5

Total cash, cash equivalents, and restricted cash
 
$
563.3

 
$
626.5


Restricted cash relates to cash held in escrow with certain banks as collateral, primarily to secure guarantees in connection with certain international tax matters and real estate leases.
Cash Interest and Taxes
Cash paid for interest and income taxes is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
 
 
(millions)
Cash paid for interest
 
$
5.4

 
$
5.1

 
$
7.8

 
$
8.1

Cash paid for income taxes
 
59.8

 
27.3

 
82.1

 
30.6


Non-cash Transactions
Operating and finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $263.6 million and $64.0 million, respectively, during the six months ended September 28, 2019.
Non-cash investing activities also included capital expenditures incurred but not yet paid of $55.3 million and $41.2 million for the six-month periods ended September 28, 2019 and September 29, 2018, respectively.
Non-cash financing activities included the conversion of 1.0 million shares of Class B common stock into an equal number of shares of Class A common stock during the six months ended September 28, 2019, as discussed in Note 15.
There were no other significant non-cash investing or financing activities for any of the fiscal periods presented.