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Additional Financial Information

6 Months Ended

Sep. 25, 2021

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 September 25, 2021 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:

						September 25, 2021						March 27, 2021
						(millions)
Cash and cash equivalents						$	2,387.9					$	2,579.0
Restricted cash included within prepaid expenses and other current assets						1.5						1.5
Restricted cash included within other non-current assets						7.3						7.5
Total cash, cash equivalents, and restricted cash						$	2,396.7					$	2,588.0

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												Six Months Ended
						September 25, 2021						September 26, 2020						September 25, 2021						September 26, 2020
						(millions)
Cash paid for interest						$	5.9					$	7.8					$	23.6					$	11.1
Cash paid for income taxes, net of refunds						48.9						46.8						84.4						27.9

Non-cash Transactions

Operating lease ROU assets recorded in connection with the recognition of new lease liabilities was $153.6 million during the six months ended September 25, 2021. No finance lease ROU assets were recorded in connection with the recognition of new lease liabilities during the six months ended September 25, 2021. Operating and finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $26.6 million and $0.9 million, respectively, during the six months ended September 26, 2020.

Non-cash investing activities also included capital expenditures incurred but not yet paid of $32.8 million and $27.4 million for the six-month periods ended September 25, 2021 and September 26, 2020, respectively.

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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