Restructuring and Other Charges (Tables)

6 Months Ended

Sep. 26, 2020

Fiscal 2021 Strategic Realignment Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Fiscal 2021 Strategic Realignment Plan during the fiscal periods presented (inclusive of immaterial other restructuring-related charges previously recorded during the first quarter of Fiscal 2021) is as follows:

	September 26, 2020
	Three Months Ended		Six Months Ended
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	153.8	$	156.3
Other cash charges	3.8		3.9
Total cash-related restructuring charges	157.6		160.2
Non-cash charges:
Impairment of assets (see Note 7)	22.2		24.3
Inventory-related charges(a)	—		1.3
Total non-cash charges	22.2		25.6
Total charges	$	179.8	$	185.8

^(a) 

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 Fiscal 2021 Strategic Realignment Plan is as follows:

	Severance and Benefit Costs			Other Cash Charges			Total
	(millions)
Balance at March 28, 2020	$	—		$	—		$	—
Additions charged to expense	156.3			3.9			160.2
Cash payments charged against reserve	(2.6		)	(0.2		)	(2.8		)
Non-cash adjustments	(0.3		)	—			(0.3		)
Balance at September 26, 2020	$	153.4		$	3.7		$	157.1

Fiscal 2019 Restructuring Plan

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Fiscal 2019 Restructuring Plan during the fiscal periods presented, as well as the cumulative charges recorded since its inception, is as follows:

	September 28, 2019
	Three Months Ended		Six Months Ended		Cumulative Charges
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	9.0	$	14.9	$	90.3
Lease termination and store closure costs	0.2		0.5		2.3
Other cash charges	0.3		1.1		10.8
Total cash-related restructuring charges	9.5		16.5		103.4
Non-cash charges:
Impairment of assets (see Note 7)	2.3		3.5		19.0
Inventory-related charges(a)	0.4		1.0		8.2
Accelerated stock-based compensation expense(b)	3.6		3.6		3.6
Loss on sale of property(c)	—		—		11.6
Total non-cash charges	6.3		8.1		42.4
Total charges	$	15.8	$	24.6	$	145.8

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

^(b)  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.

^(c) 

Loss on sale of property, which was recorded within restructuring and other charges in the consolidated statements of operations, was incurred in connection with the sale of one of the Company's distribution centers in North America.

Schedule of Restructuring Reserve by Type of Cost

A summary of current period activity in the restructuring reserve related to the Fiscal 2019 Restructuring Plan is as follows:

	Severance and Benefit Costs			Other Cash Charges			Total
	(millions)
Balance at March 28, 2020	$	23.5		$	0.6		$	24.1
Additions charged to expense	—			—			—
Cash payments charged against reserve	(14.0		)	(0.6		)	(14.6		)
Balance at September 26, 2020	$	9.5		$	—		$	9.5