XML 47 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stock-based Compensation (Tables)
 9 Months Ended
Dec. 28, 2024
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 28, 2024 and December 30, 2023 is as follows:
 Three Months EndedNine Months Ended
 December 28,
2024		December 30,
2023		December 28,
2024		December 30,
2023
 (millions)
Stock-based compensation expense$24.7 (a)$24.6 $84.7 (a)$75.3 
Income tax benefit(3.5)(3.5)(11.5)(11.5)
(a)The three-month and nine-month periods ended December 28, 2024 included $1.8 million and $3.8 million, respectively, of stock-based compensation expense related to an employment separation agreement recorded within restructuring and other charges, net in the consolidated statements of operations (see Note 7). All other stock-based compensation expense was recorded within SG&A expenses.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share Based Payment Award with Market Condition Valuation Assumptions Table Text Block [Table] The assumptions used to estimate the fair value of TSR awards granted during the nine-month periods ended December 28, 2024 and December 30, 2023 were as follows:
 Nine Months Ended
 December 28,
2024		December 30,
2023
Expected volatility36.7 %38.4 %
Expected dividend yield2.0 %2.5 %
Risk-free interest rate3.9 %4.6 %
Service Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock unit activity
A summary of service-based RSU activity during the nine months ended December 28, 2024 is as follows:
Number of
Service-based RSUs
 (thousands)
Unvested at March 30, 20241,054 
Granted427 
Vested(505)
Forfeited(42)
Unvested at December 28, 2024934 
Performance shares, including TSR awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock unit activity
A summary of performance-based RSU activity including TSR awards during the nine months ended December 28, 2024 is as follows:
 Number of
Performance-based RSUs
 (thousands)
Unvested at March 30, 2024682 
Granted173 
Change due to performance and/or market condition achievement72 
Vested(281)
Forfeited(9)
Unvested at December 28, 2024637