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Share-Based Compensation (Tables)

12 Months Ended

Mar. 30, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Option Activity and Information about Options Outstanding

The following table summarizes the share options activity during Fiscal 2019, and information about options outstanding at March 30, 2019:

	Number of Options			Weighted Average Exercise price				Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (in millions)
Outstanding at March 31, 2018	3,796,620			$	32.78
Granted	224,582			$	67.52
Exercised	(1,847,096	)		$	15.97
Canceled/forfeited	(42,847	)		$	49.55
Outstanding at March 30, 2019	2,131,259			$	50.67			2.90		$	21
Vested or expected to vest at March 30, 2019	2,116,908			$	50.67			2.90
Vested and exercisable at March 30, 2019	1,585,874			$	49.96			2.16		$	20

Assumptions Used to Estimate Fair Value of Options

The following table represents assumptions used to estimate the fair value of options:

	Fiscal Years Ended
	March 30, 2019			March 31, 2018			April 1, 2017
Expected dividend yield	0.0	%		0.0	%		0.0	%
Volatility factor	36.9	%		36.3	%		30.1	%
Weighted average risk-free interest rate	2.8	%		1.8	%		1.1	%
Expected life of option	4.85 years			4.69 years			4.75 years

Restricted Shares and Restricted Share Units

The following table summarizes the RSU activity during Fiscal 2019:

	Service-based							Performance-based
	Number of Restricted Share Units			Weighted Average Grant Date Fair Value				Number of Restricted Share Units			Weighted Average Grant Date Fair Value
Unvested at March 31, 2018	2,127,517			$	42.53			657,532			$	50.16
Granted	2,601,673			$	48.46			316,663			$	54.18
Decrease due to performance condition	—			$	—			(101,744	)		$	47.10
Vested	(712,111	)		$	43.83			(105,900	)		$	47.10
Canceled/forfeited	(177,217	)		$	46.91			(29,477	)		$	60.34
Unvested at March 30, 2019	3,839,862			$	46.11			737,074			$	52.34

The following table summarizes restricted share activity during Fiscal 2019:

	Restricted Shares
	Number of Unvested Restricted Shares			Weighted Average Grant Date Fair Value
Unvested at March 31, 2018	64,148			$	90.75
Granted	—			$	—
Vested	(63,719	)		$	90.82
Canceled/forfeited	(429	)		$	79.85
Unvested at March 30, 2019	—			$	—

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes compensation expense attributable to share-based compensation for Fiscal 2019, Fiscal 2018 and Fiscal 2017 (in millions):

	Fiscal Years Ended
	March 30, 2019				March 31, 2018				April 1, 2017
Share-based compensation expense	$	60			$	50			$	34
Tax benefits related to share-based compensation expense	$	11			$	10			$	11

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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