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Stock-based Compensation (Tables)

12 Months Ended

Mar. 27, 2021

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 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Compensation expense(a)						$	72.7					$	100.6					$	88.6
Income tax benefit						(12.4)						(15.3)						(13.1)

(a)Fiscal 2020 includes $3.6 million 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 2021 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 28, 2020						518						$	169.37					0.9						$	—
Granted						—						N/A
Exercised						—						N/A
Cancelled/Forfeited						(263)						178.63
Options outstanding at March 27, 2021						255						$	159.83					0.3						$	—
Options vested at March 27, 2021(b)						255						$	159.83					0.3						$	—
Options exercisable at March 27, 2021						255						$	159.83					0.3						$	—

(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 27, 2021. Accordingly, there was no related unrecognized compensation expense as of March 27, 2021.

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 27, 2021						March 28, 2020						March 30, 2019
						(millions)
Aggregate intrinsic value of stock options exercised(a)						$	—					$	—					$	1.2
Cash received from the exercise of stock options						—						—						21.8
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 2021 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 28, 2020						4						$	81.78					1,094						$	100.92
Granted						—						N/A						1,351						64.55
Vested						(4)						81.78						(480)						94.95
Forfeited						—						N/A						(156)						79.30
Nonvested at March 27, 2021						—						$	—					1,809						$	77.20

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

						Restricted Stock						Service- based RSUs
Total unrecognized compensation expense at March 27, 2021 (millions)						$	—					$	53.6
Weighted-average period expected to be recognized over (years)						N/A						1.7

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

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
Restricted Stock:
Weighted-average grant date fair value of awards granted						N/A						N/A						N/A
Total fair value of awards vested (millions)						$	0.2					$	0.9					$	1.0
Service-based RSUs:
Weighted-average grant date fair value of awards granted						$	64.55					$	102.27					$	113.38
Total fair value of awards vested (millions)						$	33.4					$	52.5					$	50.0

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

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 including TSR awards during Fiscal 2021 is as follows:

						Performance-based RSUs
						Number of Shares						Weighted-Average Grant Date Fair Value
						(thousands)
Nonvested at March 28, 2020						1,168						$	89.97
Granted						—						N/A
Change due to performance and/or market condition achievement						185						69.82
Vested						(720)						71.46
Forfeited						(33)						92.11
Nonvested at March 27, 2021						600						$	105.85

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

						Performance-based RSUs
Total unrecognized compensation expense at March 27, 2021 (millions)						$	13.2
Weighted-average period expected to be recognized over (years)						1.0

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

						Fiscal Years Ended
						March 27, 2021						March 28, 2020						March 30, 2019
Performance-based RSUs:
Weighted-average grant date fair value of awards granted						N/A						$	85.80					$	145.97
Total fair value of awards vested (millions)						$	55.0					$	52.8					$	31.8

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