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Taxes (Tables) | 12 Months Ended
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Mar. 30, 2019
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
| March 30, 2019 |  | March 31, 2018 |  | April 1, 2017
U.S. | $ | 191 |  |  | $ | 124 |  |  | $ | 229 |
Non-U.S. | 430 |  |  | 618 |  |  | 460 |
Total income before provision for income taxes | $ | 621 |  |  | $ | 742 |  |  | $ | 689 |
Provision for Income Taxes | The provision for income taxes was as follows (in millions):
| Fiscal Years Ended
| March 30, 2019 |  | March 31, 2018 |  | April 1, 2017
Current |  |  |  |  |
U.S. Federal | $ | 82 |  | (2) | $ | 48 |  |  | $ | 131 |
U.S. State | 24 |  |  | 16 |  |  | 20 |
Non-U.S. | 44 |  |  | 77 |  |  | 46 |
Total current | 150 |  |  | 141 |  |  | 197 |
Deferred |  |  |  |  |
U.S. Federal | (34 | ) | (2) | 24 |  | (1) | (34 | )
U.S. State | (4 | ) |  | 1 |  |  | (5 | )
Non-U.S. | (33 | ) |  | (16 | ) |  | (21 | )
Total deferred | (71 | ) |  | 9 |  |  | (60 | )
Total provision for income taxes | $ | 79 |  |  | $ | 150 |  |  | $ | 137 |
(1) | Includes an $18 million provision related to the U.S. Tax Act one time revaluation of deferred tax assets.
(2) | Includes a $25 million current tax detriment and equal deferred tax benefit related to the U.S. Tax Act impact to business interest disallowance provisions.
Significant Differences Between the Statutory Tax Rates and Company's Effective Tax Rate | The Company’s provision for income taxes for the years ended March 30, 2019, March 31, 2018 and April 1, 2017 was different from the amount computed by applying the statutory U.K. income tax rate 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
| March 30, 2019 |  | March 31, 2018 |  | April 1, 2017
Provision for income taxes at the U.K. statutory tax rate | 19.0 | % |  | 19.0 | % |  | 20.0 | %
State and local income taxes, net of federal benefit | 0.9 | % |  | 0.5 | % |  | 1.3 | %
Effects of global financing arrangements | (8.1 | )% |  | (15.6 | )% |  | (13.7 | )%
U.S. tax reform | — | % |  | 2.0 | % | (1 | ) | — | %
Differences in tax effects on foreign income | (1.8 | )% | (2 | ) | 6.7 | % |  | 11.1 | %
Liability for uncertain tax positions | 1.3 | % |  | 6.6 | % |  | — | %
Effect of changes in valuation allowances on deferred tax assets | 2.8 | % | (3 | ) | 0.3 | % |  | 0.5 | %
Excess tax benefits related to stock-based compensation | (2.6 | )% |  | (0.8 | )% |  | — | %
Transaction costs | 1.5 | % |  | 0.9 | % |  | — | %
Withholding tax | 0.6 | % |  | 1.2 | % |  | — | %
Other | (0.9 | )% |  | (0.6 | )% |  | 0.7 | %
Effective tax rate | 12.7 | % |  | 20.2 | % |  | 19.9 | %
(1) | Includes an $18 million expense related to the re-measurement of certain net deferred tax assets in connection with U.S. tax reform.
(2) | Mainly attributable to the United States statutory federal income tax rate change from a blended rate for Fiscal 2018 of 31.54% to 21% in Fiscal 2019.
(3) | Includes an $11 million detriment related to a United Kingdom capital loss.
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
| March 30, 2019 |  | March 31, 2018
Deferred tax assets |  |  |
Inventories | $ | 22 |  |  | $ | 4 |
Payroll related accruals | 2 |  |  | 2 |
Deferred rent | 34 |  |  | 24 |
Net operating loss carryforwards | 61 |  |  | 31 |
Stock compensation | 13 |  |  | 17 |
Sales allowances | 26 |  |  | 6 |
Accrued interest | 41 |  |  | — |
Other | 31 |  |  | 27 |
| 230 |  |  | 111 |
Valuation allowance | (40 | ) |  | (14 | )
Total deferred tax assets | 190 |  |  | 97 |
Deferred tax liabilities |  |  |
Goodwill and intangibles | (534 | ) |  | (241 | )
Depreciation | 18 |  |  | 14 |
Total deferred tax liabilities | (516 | ) |  | (227 | )
Net deferred tax liabilities | $ | (326 | ) |  | $ | (130 | )
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 2019, Fiscal 2018 and Fiscal 2017, are presented below (in millions):
| Fiscal Years Ended
| March 30, 2019 |  | March 31, 2018 |  | April 1, 2017
Unrecognized tax benefits beginning balance | $ | 101 |  |  | $ | 27 |  |  | $ | 17 |
Additions related to prior period tax positions | 81 |  | (1 | ) | 30 |  |  | 2 |
Additions related to current period tax positions | 21 |  |  | 45 |  |  | 10 |
Decreases in prior period positions due to lapses in statute of limitations | (1 | ) |  | (1 | ) |  | (2 | )
Decreases related to prior period tax positions | (3 | ) |  | — |  |  | — |
Decreases related to audit settlements | (7 | ) |  | — |  |  | — |
Unrecognized tax benefits ending balance | $ | 192 |  |  | $ | 101 |  |  | $ | 27 |
(1) | Primarily relates to the Versace acquisition.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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