XML 52 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Debt (Tables)
12 Months Ended
Mar. 27, 2021
Debt Disclosure [Abstract]  
Schedule of Debt Instruments
Debt consists of the following:
March 27,
2021
March 28,
2020
(millions)
$300 million 2.625% Senior Notes(a)
$— $299.6 
$400 million 3.750% Senior Notes(b)
397.1 396.4 
$500 million 1.700% Senior Notes(c)
498.4 — 
$750 million 2.950% Senior Notes(d)
737.4 — 
Borrowings outstanding under credit facilities— 475.0 
Total debt1,632.9 1,171.0 
Less: short-term debt and current portion of long-term debt— 774.6 
Total long-term debt$1,632.9 $396.4 
 
(a)The carrying value of the 2.625% Senior Notes as of March 28, 2020 is presented net of unamortized debt issuance costs and original issue discount of $0.2 million and also reflects an adjustment of $0.2 million associated with a related interest rate swap contract (see Note 13).
(b)The carrying value of the 3.750% Senior Notes is presented net of unamortized debt issuance costs and original issue discount of $2.9 million and $3.6 million as of March 27, 2021 and March 28, 2020, respectively.
(c)The carrying value of the 1.700% Senior Notes is presented net of unamortized debt issuance costs and original issue discount of $1.6 million as of March 27, 2021.
(d)The carrying value of the 2.950% Senior Notes is presented net of unamortized debt issuance costs and original issue discount of $12.6 million as of March 27, 2021.