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v3.21.2

Debt Obligations - Narrative (Details) |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | ---
Jun. 26, 2021 USD ($) | May 26, 2021 | Jun. 25, 2020 USD ($) | Jun. 26, 2021 USD ($) | Jun. 27, 2020 USD ($) | Mar. 27, 2021 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt | $ 1,206,000,000 |  |  | $ 1,206,000,000 |  | $ 1,219,000,000
Total carrying value of debt | 1,333,000,000 |  |  | 1,333,000,000 |  | 1,342,000,000
Short-term debt | 127,000,000 |  |  | 127,000,000 |  | 123,000,000
Short-term debt obligation | 21,000,000 |  |  | 21,000,000 |  | 17,000,000
Other financing activities |  |  |  | 8,000,000 | $ 0 |
Euro Member Countries, Euro | Net investment hedge, group one | Net investment hedging | Designated as Hedging Instrument |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Other financing activities |  |  |  | 8,000,000 |  |
Notes Payable to Banks |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt | 11,000,000 |  |  | 11,000,000 |  |
Total carrying value of debt | 20,000,000 |  |  | 20,000,000 |  |
Short-term debt | 9,000,000 |  |  | 9,000,000 |  |
Revolving Credit Facilities | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Letter of credit outstanding | $ 28,000,000 |  |  | 28,000,000 |  | 27,000,000
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Leverage ratio on credit facility | 3.75 |  | 4.00 |  |  |
Outstanding principal amount of bilateral letters of credit and bilateral bank guarantees |  |  | $ 50,000,000 |  |  |
Long-term debt | $ 0 |  |  | 0 |  | 0
Amount available for future borrowings | 972,000,000 |  |  | 972,000,000 |  | 973,000,000
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Leverage ratio on credit facility |  | 4.00 |  |  |  |
Revolving Credit Facilities | 364 Day Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Maximum borrowing capacity |  |  | $ 230,000,000 |  |  |
Debt term |  |  | 364 days |  |  |
2018 Term Loan Facility | Term Loan Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt | 745,000,000 |  |  | 745,000,000 |  | 768,000,000
Total carrying value of debt | 842,000,000 |  |  | 842,000,000 |  | 865,000,000
Short-term debt | $ 97,000,000 |  |  | $ 97,000,000 |  | $ 97,000,000

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