Fair Value Measurements (Tables)

12 Months Ended

Apr. 01, 2017

Fair value of financial assets and liabilities measured and recorded at fair value on recurring basis

The following table summarizes the Company's financial assets and liabilities that are measured and recorded at fair value on a recurring basis, excluding accrued interest components:



	April 1, 2017		April 2, 2016
	(millions)
Financial assets recorded at fair value:
Corporate bonds — non-U.S.^(a)	$	—	$	8.0
Derivative financial instruments^(b)	32.6		22.4
Total	$	32.6	$	30.4
Financial liabilities recorded at fair value:
Derivative financial instruments^(b)	$	21.7	$	59.4
Total	$	21.7	$	59.4


^(a)	Based on Level 1 measurements.


^(b)	Based on Level 2 measurements.

Carrying value and the estimated fair value of the Company's debt obligations

The following table summarizes the carrying values and the estimated fair values of the Company's debt instruments:



	April 1, 2017					April 2, 2016
	Carrying Value			Fair Value^(a)		Carrying Value			Fair Value^(a)
	(millions)
$300 million 2.125% Senior Notes	$	298.1	^(b)	$	302.2	$	300.8	^(b)	$	306.0
$300 million 2.625% Senior Notes	290.1		^(b)	302.8		296.2		^(b)	308.3
Commercial paper notes	—			—		90.0			90.0
Borrowings outstanding under credit facilities	—			—		26.1			26.1


^(a)	Based on Level 2 measurements.


^(b)	See Note 12 for discussion of the carrying values of the Company's Senior Notes.