XML 35 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Shareholders' Equity
 12 Months Ended
Apr. 01, 2017
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
Share Repurchase Program
On May 25, 2016, the Company's Board of Directors authorized a new $1.0 billion share repurchase program, which replaced the remaining balance of the previous share repurchase program authorized on October 30, 2014. During Fiscal 2017 and Fiscal 2016, the Company repurchased 21,756,353 shares and 24,757,543 shares, respectively, at a cost of $1.000 billion and $1.150 billion, respectively, under its current share-repurchase program through open market transactions. As of April 1, 2017, the Company has fully utilized the previously authorized amount under the share repurchase program. On May 25, 2017, the Company's Board of Directors authorized a new $1.000 billion share repurchase program.
The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards. During Fiscal 2017 and Fiscal 2016, the Company withheld 100,552 shares and 54,875 shares, respectively, at a cost of $4.8 million and $2.4 million, respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share awards.