Fair Value Measurements (Tables)

3 Months Ended

Jul. 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:



	July 1, 2017		April 1, 2017
	(millions)
Derivative assets^(a)	$	13.5	$	32.6
Derivative liabilities^(a)	55.2		21.7


^(a)	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:



	July 1, 2017				April 1, 2017
	Carrying Value^(a)		Fair Value^(b)		Carrying Value^(a)		Fair Value^(b)
	(millions)
$300 million 2.125% Senior Notes	$	298.4	$	302.0	$	298.1	$	302.2
$300 million 2.625% Senior Notes	292.0		305.0		290.1		302.8


^(a)	See Note 10 for discussion of the carrying values of the Company's Senior Notes.


^(b)	Based on Level 2 measurements.