Restructuring and Other Charges (Tables)

3 Months Ended

Jul. 01, 2017

Restructuring Cost and Reserve [Line Items]

A summary of the charges recorded in connection with the Way Forward Plan during the three-month periods ended July 1, 2017 and July 2, 2016, as well as the cumulative charges recorded since its inception, is as follows:



	Three Months Ended
	July 1, 2017		July 2, 2016		Cumulative Charges
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	11.7	$	77.1	$	194.4
Lease termination and store closure costs	12.2		1.8		99.5
Other cash charges	2.7		1.9		21.8
Total cash-related restructuring charges	26.6		80.8		315.7
Non-cash charges:
Impairment of assets (see Note 7)	9.7		19.4		244.3
Inventory-related charges^(a)	0.7		54.0		198.6
Total non-cash charges	10.4		73.4		442.9
Total charges	$	37.0	$	154.2	$	758.6


^(a)	Cumulative inventory-related charges include $155.2 million associated with the destruction of inventory out of current liquidation channels, of which $50.3 million was recorded during the three months ended July 2, 2016. Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Way Forward Plan is as follows:



	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges			Total
	(millions)
Balance at April 1, 2017	$	94.3		$	34.3		$	6.6		$	135.2
Additions charged to expense	11.7			12.2			2.7			26.6
Cash payments charged against reserve	(24.6		)	(4.0		)	(4.4		)	(33.0		)
Non-cash adjustments	0.6			4.9			—			5.5
Balance at July 1, 2017	$	82.0		$	47.4		$	4.9		$	134.3

Global Reorganization Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Global Reorganization Plan during the three months ended July 2, 2016, as well as the cumulative charges recorded since its inception, is as follows:



	Three Months Ended
	July 2, 2016		Cumulative Charges
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	4.7	$	69.1
Lease termination and store closure costs	0.2		8.0
Other cash charges	—		13.8
Total cash-related restructuring charges	4.9		90.9
Non-cash charges:
Impairment of assets (see Note 7)	—		27.2
Accelerated stock-based compensation expense^(a)	—		8.9
Inventory-related charges^(b)	—		20.4
Total non-cash charges	—		56.5
Total charges	$	4.9	$	147.4


^(a)	Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the consolidated statements of operations, was recorded in connection with vesting provisions associated with certain separation agreements.


^(b)	Inventory-related charges are recorded within cost of goods sold in the consolidated statements of operations.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Global Reorganization Plan is as follows:



	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges		Total
	(millions)
Balance at April 1, 2017	$	8.6		$	3.4		$	0.2	$	12.2
Cash payments charged against reserve	(1.5		)	(0.7		)	—		(2.2		)
Balance at July 1, 2017	$	7.1		$	2.7		$	0.2	$	10.0