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Stock-based Compensation (Tables)

9 Months Ended

Dec. 28, 2019

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 total stock-based compensation expense and the related income tax benefits recognized during the three-month and nine-month periods ended December 28, 2019 and December 29, 2018 is as follows:

		Three Months Ended								Nine Months Ended
		December 28, 2019				December 29, 2018				December 28, 2019				December 29, 2018
		(millions)
Compensation expense		$	22.1			$	22.5			$	72.9		(a)	$	65.3
Income tax benefit		(3.4		)		(3.4		)		(11.1		)		(9.9		)

^(a) 

Includes $3.6 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the consolidated statements of operations during the second quarter of Fiscal 2020 (see Note 8). 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 under all plans during the nine months ended December 28, 2019 is as follows:

		Number of Options
		(thousands)
Options outstanding at March 30, 2019		834
Granted		—
Exercised		—
Cancelled/Forfeited		(275	)
Options outstanding at December 28, 2019		559

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 the nine months ended December 28, 2019 is as follows:

		Number of Shares/Units
		Restricted Stock			Service-based RSUs
		(thousands)
Unvested at March 30, 2019		10			1,112
Granted		—			533
Vested		(6	)		(451	)
Forfeited		—			(68	)
Unvested at December 28, 2019		4			1,126

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 the nine months ended December 28, 2019 is as follows:

		Number of Performance-based RSUs
		(thousands)
Unvested at March 30, 2019		1,011
Granted		289
Change due to performance condition achievement		123
Vested		(482	)
Forfeited		(6	)
Unvested at December 28, 2019		935

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 the nine months ended December 28, 2019 and December 29, 2018 were as follows:

	Nine Months Ended
	December 28, 2019			December 29, 2018
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	%

Summary of restricted stock and restricted stock unit activity

A summary of market-based RSU activity during the nine months ended December 28, 2019 is as follows:

		Number of Market-based RSUs
		(thousands)
Unvested at March 30, 2019		76
Granted		159
Change due to market condition achievement		—
Vested		—
Forfeited		(1	)
Unvested at December 28, 2019		234

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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