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Taxes (Tables) | 12 Months Ended
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Apr. 01, 2017
Income Tax Disclosure [Abstract] |
Income Before Provision for Income Taxes | Income before provision for income taxes consisted of the following (in millions):
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016 |  | March 28, 2015
U.S. | $ | 228.4 |  |  | $ | 737.5 |  |  | $ | 814.3 |
Non-U.S. | 460.2 |  |  | 434.8 |  |  | 441.5 |
Total income before provision for income taxes | $ | 688.6 |  |  | $ | 1,172.3 |  |  | $ | 1,255.8 |
Provision for Income Taxes | The provision for income taxes was as follows (in millions):
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016 |  | March 28, 2015
Current |  |  |  |  |
U.S. Federal | $ | 131.2 |  |  | $ | 268.0 |  |  | $ | 277.0 |
U.S. State | 20.4 |  |  | 14.3 |  |  | 49.7 |
Non-U.S. | 45.8 |  |  | 54.2 |  |  | 41.9 |
Total current | 197.4 |  |  | 336.5 |  |  | 368.6 |
Deferred |  |  |  |  |
U.S. Federal | (34.1 | ) |  | 0.3 |  |  | 5.0 |
U.S. State | (5.0 | ) |  | 1.0 |  |  | 0.3 |
Non-U.S. | (21.2 | ) |  | (3.2 | ) |  | 0.9 |
Total deferred | (60.3 | ) |  | (1.9 | ) |  | 6.2 |
Total provision for income taxes | $ | 137.1 |  |  | $ | 334.6 |  |  | $ | 374.8 |
Significant Differences Between the Statutory Tax Rates and Company's Effective Tax Rate | The Company's provision for income taxes for the years ended April 1, 2017, April 2, 2016 and March 28, 2015 was different from the amount computed by applying statutory U.K. or U.S. federal income tax rates to the underlying income from continuing operations before income taxes and equity in net income of affiliates as a result of the following:
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016 |  | March 28, 2015
Provision for income taxes at the U.K. (2017), U.S. (2015-2016) statutory tax rate | 20.0 | % |  | 35.0 | % |  | 35.0 | %
State and local income taxes, net of federal benefit | 1.3 | % |  | 1.2 | % |  | 2.4 | %
Effects of global financing arrangements | (13.7 | )% |  | (2.8 | )% |  | (2.8 | )%
Differences in tax effects on foreign income | 11.1 | % |  | (5.1 | )% |  | (5.4 | )%
Foreign tax credit | 0.3 | % |  | (0.2 | )% |  | (0.4 | )%
Liability for uncertain tax positions | — | % |  | — | % |  | 0.2 | %
Effect of changes in valuation allowances on deferred tax assets | 0.5 | % |  | (0.2 | )% |  | (0.1 | )%
Other | 0.4 | % |  | 0.6 | % |  | 0.9 | %
Effective tax rate | 19.9 | % |  | 28.5 | % |  | 29.8 | %
Significant Components of Deferred Tax Assets (Liabilities) | Significant components of the Company’s deferred tax assets (liabilities) consist of the following (in millions):
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016
Deferred tax assets |  |  |
Inventories | $ | 9.0 |  |  | $ | 10.5 |
Payroll related accruals | 2.2 |  |  | 2.2 |
Deferred rent | 39.5 |  |  | 37.1 |
Net operating loss carryforwards | 17.7 |  |  | 3.4 |
Stock compensation | 26.2 |  |  | 30.0 |
Sales allowances | 10.0 |  |  | 13.4 |
Other | 14.7 |  |  | 12.1 |
| 119.3 |  |  | 108.7 |
Valuation allowance | (7.2 | ) |  | (3.4 | )
Total deferred tax assets | 112.1 |  |  | 105.3 |
Deferred tax liabilities |  |  |
Goodwill and intangibles | (112.3 | ) |  | (32.9 | )
Depreciation | (2.7 | ) |  | (48.0 | )
Other | (3.8 | ) |  | (3.4 | )
Total deferred tax liabilities | (118.8 | ) |  | (84.3 | )
Net deferred tax assets (liabilities) | $ | (6.7 | ) |  | $ | 21.0 |
Reconciliation of Beginning and Ending Amounts of Unrecognized Tax Benefits Excluding Accrued Interest | A reconciliation of the beginning and ending amounts of unrecognized tax benefits, excluding accrued interest, for Fiscal 2017, Fiscal 2016 and Fiscal 2015, are presented below (in millions):
| Fiscal Years Ended
| April 1, 2017 |  | April 2, 2016 |  | March 28, 2015
Unrecognized tax benefits beginning balance | $ | 16.8 |  |  | $ | 19.9 |  |  | $ | 18.1 |
Additions related to prior period tax positions | 1.7 |  |  | — |  |  | 0.4 |
Additions related to current period tax positions | 10.3 |  |  | 5.8 |  |  | 5.2 |
Decreases from prior period positions | (2.3 | ) |  | (5.7 | ) |  | (3.8 | )
Decreases related to audit settlements | — |  |  | (3.2 | ) |  | — |
Unrecognized tax benefits ending balance | $ | 26.5 |  |  | $ | 16.8 |  |  | $ | 19.9 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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