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Stock-based Compensation (Tables)

9 Months Ended

Dec. 26, 2020

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 during the three-month and nine-month periods ended December 26, 2020 and December 28, 2019 is as follows:

						Three Months Ended												Nine Months Ended
						December 26, 2020						December 28, 2019						December 26, 2020						December 28, 2019
						(millions)
Compensation expense						$	19.8					$	22.1					$	54.4					$	72.9		(a)
Income tax benefit						(3.2)						(3.4)						(9.9)						(11.1)

(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.

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the stock option activity under all plans

A summary of stock option activity under all plans during the nine months ended December 26, 2020 is as follows:

						Number of Options
						(thousands)
Options outstanding at March 28, 2020						518
Granted						—
Exercised						—
Cancelled/Forfeited						(247)
Options outstanding at December 26, 2020						271

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 26, 2020 is as follows:

						Number of Shares/Units
						Restricted Stock						Service-based RSUs
						(thousands)
Unvested at March 28, 2020						4						1,094
Granted						—						1,337
Vested						(4)						(466)
Forfeited						—						(100)
Unvested at December 26, 2020						—						1,865

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 26, 2020 is as follows:

						Number of Performance-based RSUs
						(thousands)
Unvested at March 28, 2020						934
Granted						—
Change due to performance condition achievement						185
Vested						(720)
Forfeited						(27)
Unvested at December 26, 2020						372

Market-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 market-based RSU activity during the nine months ended December 26, 2020 is as follows:

						Number of Market-based RSUs
						(thousands)
Unvested at March 28, 2020						234
Granted						—
Change due to market condition achievement						—
Vested						—
Forfeited						—
Unvested at December 26, 2020						234

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 were as follows:

									Nine Months Ended
									December 28, 2019
Expected term (years)									2.6
Expected volatility									31.4		%
Expected dividend yield									3.2		%
Risk-free interest rate									1.4		%

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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