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Stock-based Compensation (Tables)

12 Months Ended

Mar. 28, 2020

Share-based Payment Arrangement [Abstract]

Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements

A summary of total stock-based compensation expense and the related income tax benefits recognized is as follows:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
		(millions)
Compensation expense(a)		$	100.6			$	88.6			$	74.5
Income tax benefit		(15.3		)		(13.1		)		(25.3		)

^(a) 

Fiscal 2020 and Fiscal 2018 includes $3.6 million and $2.8 million, respectively, of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statements of operations (see Note 9). All other stock-based compensation expense was recorded within SG&A expenses.

Summary of the stock option activity under all plans

A summary of stock option activity during Fiscal 2020 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 March 30, 2019		834			$	162.53			1.5		$	—
Granted		—			N/A
Exercised		—			N/A
Cancelled/Forfeited		(316	)		151.48
Options outstanding at March 28, 2020		518			$	169.37			0.9		$	—
Options vested at March 28, 2020(b)		518			$	169.37			0.9		$	—
Options exercisable at March 28, 2020		518			$	169.37			0.9		$	—

^(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) 

There were no nonvested stock options as of March 28, 2020. Accordingly, there was no related unrecognized compensation expense as of March 28, 2020.

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
		March 28, 2020				March 30, 2019				March 31, 2018
		(millions)
Aggregate intrinsic value of stock options exercised(a)		$	—			$	1.2			$	—
Cash received from the exercise of stock options		—				21.8				0.1
Tax benefits realized on exercise of stock options		—				3.7				—

^(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.

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 2020 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 March 30, 2019		10			$	86.01			1,112			$	94.99
Granted		—			N/A				543			102.27
Vested		(6	)		88.30				(480	)		90.64
Forfeited		—			N/A				(81	)		100.28
Nonvested at March 28, 2020		4			$	81.78			1,094			$	100.92

Additional information pertaining to the restricted stock and restricted stock unit activity

		Restricted Stock				Service- based RSUs
Total unrecognized compensation expense at March 28, 2020 (millions)		$	—			$	36.6
Weighted-average period expected to be recognized over (years)		0.0				1.6

Additional information pertaining to restricted stock and service-based RSU activity is as follows:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
Restricted Stock:
Weighted-average grant date fair value of awards granted		N/A				N/A				N/A
Total fair value of awards vested (millions)		$	0.9			$	1.0			N/A
Service-based RSUs:
Weighted-average grant date fair value of awards granted		$	102.27			$	113.38			$	73.59
Total fair value of awards vested (millions)		$	52.5			$	50.0			$	30.0

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 RSU activity during Fiscal 2020 is as follows:

		Performance-based RSUs
		Number of Shares			Weighted-Average Grant Date Fair Value
		(thousands)
Nonvested at March 30, 2019		1,011			$	84.16
Granted		289			83.16
Change due to performance condition achievement		123			86.65
Vested		(482	)		86.91
Forfeited		(7	)		76.40
Nonvested at March 28, 2020		934			$	82.83

Additional information pertaining to the restricted stock and restricted stock unit activity

		Performance-based RSUs
Total unrecognized compensation expense at March 28, 2020 (millions)		$	28.2
Weighted-average period expected to be recognized over (years)		1.5

Additional information pertaining to performance-based RSU activity is as follows:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
Performance-based RSUs:
Weighted-average grant date fair value of awards granted		$	83.16			$	129.78			$	69.40
Total fair value of awards vested (millions)		$	52.8			$	31.8			$	12.9

Market-based restricted stock units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Share Based Payment Award with Market Condition Valuation Assumptions [Table Text Block]

The assumptions used to estimate the fair value of TSR awards granted during Fiscal 2020 and Fiscal 2019 were as follows:

		Fiscal Year Ended
		March 28, 2020				March 30, 2019
Expected term (years)		2.6				2.6
Expected volatility		31.4		%		33.5		%
Expected dividend yield		3.2		%		1.9		%
Risk-free interest rate		1.4		%		2.6		%
Weighted-average grant date fair value		$	90.59			$	177.13

Summary of restricted stock and restricted stock unit activity

A summary of market-based RSU activity during Fiscal 2020 is as follows:

		Market-based RSUs
		Number of Shares			Weighted-Average Grant Date Fair Value
		(thousands)
Nonvested at March 30, 2019		76			$	177.31
Granted		159			90.59
Change due to market condition achievement		—			N/A
Vested		—			N/A
Forfeited		(1	)		137.35
Nonvested at March 28, 2020		234			$	118.46

Additional information pertaining to the restricted stock and restricted stock unit activity

		Market-based RSUs
Total unrecognized compensation expense at March 28, 2020 (millions)		$	14.1
Weighted-average period expected to be recognized over (years)		1.8

Additional information pertaining to market-based RSU activity is as follows:

		Fiscal Years Ended
		March 28, 2020				March 30, 2019				March 31, 2018
Market-based RSUs:
Weighted-average grant date fair value of awards granted		$	90.59			$	177.13			N/A
Total fair value of awards vested (millions)		N/A				N/A				N/A

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