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Fair Value Measurements (Tables) | 6 Months Ended
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Sep. 28, 2019
Fair Value Disclosures [Abstract] |
Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy | All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions):
| Fair value at September 28, 2019 using: |  | Fair value at March 30, 2019 using:
| Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3)
Derivative assets: |  |  |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Net investment hedges | — |  |  | 109 |  |  | — |  |  | — |  |  | 37 |  |  | — |
Other undesignated derivative contracts | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |
Total derivative assets | $ | — |  |  | $ | 116 |  |  | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | — |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |
Other undesignated derivative contracts | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Total derivative liabilities | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Fair Value Measurement of Long-term Debt | The following table summarizes the carrying values and estimated fair values of the Company’s short- and long-term debt, based on Level 2 measurements (in millions):
| September 28, 2019 |  | March 30, 2019
| Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
4.000% Senior Notes | $ | 445 |  |  | $ | 459 |  |  | $ | 445 |  |  | $ | 438 |
Term Loan | $ | 1,428 |  |  | $ | 1,438 |  |  | $ | 1,570 |  |  | $ | 1,574 |
Revolving Credit Facilities | $ | 523 |  |  | $ | 523 |  |  | $ | 550 |  |  | $ | 550 |
Schedule of Long-lived Assets, Nonrecurring | As a result of this determination, in the first quarter of Fiscal 2020, the Company identified impairment indicators at certain premier retail store locations and recorded operating lease right-of-use asset and property and equipment impairment charges of $68 million and $11 million, respectively, which are included in the impairment charges detailed in the table below (in millions):
| Three Months Ended September 28, 2019 |  | Six Months Ended September 28, 2019
| Carrying Value Prior to Impairment |  | Fair Value |  | Impairment Charge |  | Carrying Value Prior to Impairment |  | Fair Value |  | Impairment Charge
Operating Lease Right-of-Use Assets | $ | 174 |  |  | $ | 81 |  |  | $ | 93 |  |  | $ | 306 |  |  | $ | 134 |  |  | $ | 172 |
Property and Equipment | 24 |  |  | 14 |  |  | 10 |  |  | 44 |  |  | 21 |  |  | 23 |
Key Money | 2 |  |  | 1 |  |  | 1 |  |  | 10 |  |  | 4 |  |  | 6 |
Total | $ | 200 |  |  | $ | 96 |  |  | $ | 104 |  |  | $ | 360 |  |  | $ | 159 |  |  | $ | 201 |
| Three Months Ended September 29, 2018 |  | Six Months Ended September 29, 2018
| Carrying Value Prior to Impairment |  | Fair Value |  | Impairment Charge |  | Carrying Value Prior to Impairment |  | Fair Value |  | Impairment Charge
Property and Equipment | $ | 9 |  |  | $ | 3 |  |  | $ | 6 |  |  | $ | 14 |  |  | $ | 5 |  |  | $ | 9 |
Lease Rights | 2 |  |  | 1 |  |  | 1 |  |  | 4 |  |  | 2 |  |  | 2 |
Total | $ | 11 |  |  | $ | 4 |  |  | $ | 7 |  |  | $ | 18 |  |  | $ | 7 |  |  | $ | 11 |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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