XML 44 R29.htm IDEA: XBRL DOCUMENT v3.21.1

Additional Financial Information

12 Months Ended

Mar. 28, 2020

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 March 27, 2021 and March 28, 2020 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:

						March 27, 2021						March 28, 2020
						(millions)
Cash and cash equivalents						$	2,579.0					$	1,620.4
Restricted cash included within prepaid expenses and other current assets						1.5						1.4
Restricted cash included within other non-current assets						7.5						8.0
Total cash, cash equivalents, and restricted cash						$	2,588.0					$	1,629.8

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:

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Cash paid for interest						$	33.5					$	15.4					$	17.3
Cash paid for income taxes, net of refunds						47.8						135.5						102.0

Non-cash Transactions

Operating and finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $66.7 million and $133.2 million, respectively, during Fiscal 2021, and $374.0 million and $64.0 million, respectively, during Fiscal 2020. Additionally, $55.7 million of operating lease ROU assets were reclassified and reflected as finance lease ROU assets as a result of certain lease amendments executed during Fiscal 2021.

Non-cash investing activities also included capital expenditures incurred but not yet paid of $21.3 million, $29.1 million, and $47.6 million as of the end of Fiscal 2021, Fiscal 2020, and Fiscal 2019, 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 Fiscal 2020, as discussed in Note 16.

There were no other significant non-cash investing or financing activities for any of the fiscal years presented.

X

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-URI http://asc.fasb.org/topic&trid=2134446

+ Details

Name:	us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SupplementalCashFlowInformationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration