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Derivative Financial Instruments (Tables)

12 Months Ended

Apr. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets

The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of April 1, 2017 and April 2, 2016 (in millions):

									Fair Values
	Notional Amounts								Current Assets (1)								Current Liabilities (2)
	April 1, 2017				April 2, 2016				April 1, 2017				April 2, 2016				April 1, 2017				April 2, 2016
Designated forward foreign currency exchange contracts	$	167.5			$	174.1			$	4.7			$	0.1			$	0.4			$	5.1
Undesignated forward foreign currency exchange contracts	—				30.0				—				—				—				0.4
Total	$	167.5			$	204.1			$	4.7			$	0.1			$	0.4			$	5.5

⁽¹⁾  Recorded within prepaid expenses and other current assets in the Company’s audited consolidated balance sheets.

⁽²⁾  Recorded within accrued expenses and other current liabilities in the Company’s audited consolidated balance sheets.

Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges

The following table summarizes the impact of the effective portion of gains and losses on the forward contracts designated as hedges (in millions):

	Fiscal Year Ended April 1, 2017								Fiscal Year Ended April 2, 2016								Fiscal Year Ended March 28, 2015
	Pre-Tax Gain Recognized in OCI				Pre-tax Gain Reclassified from Accumulated OCI into Earnings				Pre-Tax Loss Recognized in OCI				Pre-tax Gain Reclassified from Accumulated OCI into Earnings				Pre-Tax Gain Recognized in OCI				Pre-tax Gain Reclassified from Accumulated OCI into Earnings
Designated hedges	$	10.2			$	0.4			$	(25.2	)		$	10.9			$	36.6			$	2.1

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- References

No definition available.

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- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

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