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Additional Financial Information

9 Months Ended

Dec. 26, 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 December 26, 2020 and March 28, 2020 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:

						December 26, 2020						March 28, 2020
						(millions)
Cash and cash equivalents						$	2,621.5					$	1,620.4
Restricted cash included within prepaid expenses and other current assets						1.6						1.4
Restricted cash included within other non-current assets						8.4						8.0
Total cash, cash equivalents, and restricted cash						$	2,631.5					$	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:

						Three Months Ended												Nine Months Ended
						December 26, 2020						December 28, 2019						December 26, 2020						December 28, 2019
						(millions)
Cash paid for interest						$	16.6					$	2.5					$	27.7					$	10.3
Cash paid for income taxes, net of refunds						15.0						32.8						42.9						114.9

Non-cash Transactions

Operating and finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $61.5 million and $131.8 million during the nine months ended December 26, 2020, respectively, and $326.6 million and $64.0 million, respectively, during the nine months ended December 28, 2019, respectively. 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 the nine months ended December 26, 2020.

Non-cash investing activities also included capital expenditures incurred but not yet paid of $26.0 million and $56.6 million for the nine-month periods ended December 26, 2020 and December 28, 2019, respectively.

Non-cash financing activities during the nine months ended December 28, 2019 included the conversion of 1.0 million shares of Class B common stock into an equal number of shares of Class A common stock, as discussed in Note 14.

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

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- 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

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- References

No definition available.

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