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Debt (Tables)

12 Months Ended

Mar. 28, 2020

Debt consists of the following:



	March 28, 2020		March 30, 2019
	(millions)
$300 million 2.625% Senior Notes^(a)	$	299.6	$	293.4
$400 million 3.750% Senior Notes^(b)	396.4		395.7
Borrowings outstanding under credit facilities	475.0		—
Total debt	1,171.0		689.1
Less: short-term debt and current portion of long-term debt	774.6		—
Total long-term debt	$	396.4	$	689.1

^(a)

The carrying value of the 2.625% Senior Notes as of March 28, 2020 and March 30, 2019 reflects adjustments of $0.2 million and $5.9 million, respectively, associated with the Company's related interest rate swap contract (see Note 13). The carrying value of the 2.625% Senior Notes is also presented net of unamortized debt issuance costs and discount of $0.2 million and $0.7 million as of March 28, 2020 and March 30, 2019, respectively.


^(b)	The carrying value of the 3.750% Senior Notes is presented net of unamortized debt issuance costs and discount of $3.6 million and $4.3 million as of March 28, 2020 and March 30, 2019, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details