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Restructuring and Other Charges (Tables)

12 Months Ended

Apr. 02, 2022

Fiscal 2021 Strategic Realignment Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

						Fiscal Year Ended												Cumulative Charges
						April 2, 2022						March 27, 2021
						(millions)
Cash-related restructuring charges:
Severance and benefit costs (reversals)						$	(5.7)					$	144.2					$	138.5
Other cash charges						7.7						14.9						22.6
Total cash-related restructuring charges						2.0						159.1						161.1
Non-cash charges:
Impairment of assets (see Note 8)						21.3						69.4						90.7
Inventory-related charges(a)						—						8.3						8.3
Accelerated stock-based compensation expense(b)						2.0						—						2.0
Total non-cash charges						23.3						77.7						101.0
Total charges						$	25.3					$	236.8					$	262.1

(a)Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

(b)Accelerated stock-based compensation expense, which was recorded within restructuring and other charges, net in the consolidated statements of operations, related to vesting provisions associated with certain separation agreements.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

A summary of the activity in the restructuring reserve related to the Fiscal 2021 Strategic Realignment Plan is as follows:

						Severance and Benefit Costs												Other Cash Charges						Total
						(millions)
Balance at March 28, 2020						$	—											$	—					$	—
Additions charged to expense						144.2												14.9						159.1
Cash payments applied against reserve						(48.0)												(11.7)						(59.7)
Balance at March 27, 2021						96.2												3.2						99.4
Additions (reductions) charged to expense						(5.7)												7.7						2.0
Cash payments applied against reserve						(60.5)												(10.8)						(71.3)
Non-cash adjustments						0.6												—						0.6
Balance at April 2, 2022						$	30.6											$	0.1					$	30.7

Fiscal 2019 Restructuring Plan [Member]

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

A summary of the charges recorded in connection with the Fiscal 2019 Restructuring Plan during the fiscal period presented, as well as the cumulative charges recorded since its inception, is as follows:

												Fiscal Year Ended						Cumulative Charges
												March 28, 2020
												(millions)
Cash-related restructuring charges:
Severance and benefit costs												$	30.1					$	90.3
Lease termination and store closure costs												0.5						2.3
Other cash charges												3.4						10.8
Total cash-related restructuring charges												34.0						103.4
Non-cash charges:
Impairment of assets (see Note 8)												8.7						19.0
Inventory-related charges(a)												2.2						8.2
Accelerated stock-based compensation expense(b)												3.6						3.6
Loss on sale of property(c)												—						11.6
Total non-cash charges												14.5						42.4
Total charges												$	48.5					$	145.8

(a)Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

(b)Accelerated stock-based compensation expense, which was recorded within restructuring and other charges, net in the consolidated statements of operations, was recorded in connection with vesting provisions associated with certain separation agreements.

(c)Loss on sale of property, which was recorded within restructuring and other charges, net in the consolidated statements of operations, was incurred in connection with the sale of one of the Company's distribution centers in North America. Total cash proceeds from the sale were $20.0 million.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

A summary of the activity in the restructuring reserve related to the Fiscal 2019 Restructuring Plan is as follows:

						Severance and Benefit Costs						Lease Termination and Store Closure Costs						Other Cash Charges						Total
						(millions)
Balance at March 30, 2019						$	41.0					$	0.5					$	0.1					$	41.6
Additions charged to expense						30.1						0.5						3.4						34.0
Cash payments applied against reserve						(47.6)						(0.6)						(2.9)						(51.1)
Non-cash adjustments						—						(0.4)						—						(0.4)
Balance at March 28, 2020						23.5						—						0.6						24.1
Additions charged to expense						—						—						—						—
Cash payments applied against reserve						(20.8)						—						(0.6)						(21.4)
Balance at March 27, 2021						2.7						—						—						2.7
Additions charged to expense						—						—						—						—
Cash payments applied against reserve						(2.5)						—						—						(2.5)
Balance at April 2, 2022						$	0.2					$	—					$	—					$	0.2

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