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Additional Financial Information

12 Months Ended

Mar. 30, 2024

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 March 30, 2024 and April 1, 2023 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:

						March 30, 2024						April 1, 2023
						(millions)
Cash and cash equivalents						$	1,662.2					$	1,529.3
Restricted cash included within prepaid expenses and other current assets						2.8						1.5
Restricted cash included within other non-current assets						5.6						6.1
Total cash, cash equivalents, and restricted cash						$	1,670.6					$	1,536.9

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 Paid for Interest and Taxes

Cash paid for interest and income taxes is as follows:

						Fiscal Years Ended
						March 30, 2024						April 1, 2023						April 2, 2022
						(millions)
Cash paid for interest						$	40.5					$	39.9					$	46.6
Cash paid for income taxes, net of refunds						155.5						160.2						216.3

Non-cash Transactions

Operating lease ROU assets recorded in connection with the recognition of new lease liabilities were $126.5 million, $342.2 million, and $287.4 million during Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively. Finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $0.5 million and $0.4 million during Fiscal 2024 and Fiscal 2023, respectively, and no finance lease ROU assets were recorded in connection with the recognition of new lease liabilities during Fiscal 2022. Additionally, $27.1 million of finance lease ROU assets were reclassified and reflected as operating lease ROU assets as a result of certain lease amendments executed during Fiscal 2024.

Non-cash investing activities also included capital expenditures incurred but not yet paid of $26.7 million, $37.2 million, and $21.3 million as of the end of Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively.

Non-cash financing activities included the conversion of 3.0 million shares of Class B common stock into an equal number of shares of Class A common stock during Fiscal 2024, as discussed in Note 16.

There were no other significant non-cash investing or financing activities for any of the fiscal years 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
-Topic 230
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//230/tableOfContent

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- References

No definition available.

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