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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 25, 2021
Mar. 27, 2021
Current assets:    
Cash and cash equivalents $ 2,276.8 $ 2,579.0
Short-term investments 710.2 197.5
Accounts receivable, net of allowances of $210.5 million and $213.8 million 410.7 451.5
Inventories 929.1 759.0
Income tax receivable 48.0 54.4
Prepaid expenses and other current assets 192.5 166.6
Total current assets 4,567.3 4,208.0
Property and equipment, net 965.4 1,014.0
Operating lease right-of-use assets 1,131.6 1,239.5
Deferred tax assets 339.6 283.9
Goodwill 920.0 934.6
Intangible assets, net 107.6 121.1
Other non-current assets 104.1 86.4
Total assets 8,135.6 7,887.5
Current liabilities:    
Current portion of long-term debt 499.4 0.0
Accounts payable 472.8 355.9
Current income tax payable 119.8 50.6
Current operating lease liabilities 264.0 302.9
Accrued expenses and other current liabilities 1,073.6 875.4
Total current liabilities 2,429.6 1,584.8
Long-term debt 1,136.0 1,632.9
Long-term operating lease liabilities 1,168.8 1,294.5
Non-current income tax payable 104.8 118.7
Non-current liability for unrecognized tax benefits 75.1 91.4
Other non-current liabilities 498.4 560.8
Commitments and contingencies (Note 13)
Total liabilities 5,412.7 5,283.1
Equity:    
Additional paid-in-capital 2,729.7 2,667.1
Retained earnings 6,298.6 5,872.9
Treasury stock, Class A, at cost; 60.6 million and 57.8 million shares (6,156.5) (5,816.1)
Accumulated other comprehensive loss (150.2) (120.8)
Total equity 2,722.9 2,604.4
Total liabilities and equity 8,135.6 7,887.5
Class A common stock, par value $.01 per share; 106.9 million and 106.1 million shares issued; 46.3 million and 48.3 million shares outstanding    
Equity:    
Common stock 1.0 1.0
Class B common stock, par value $.01 per share; 24.9 million shares issued and outstanding    
Equity:    
Common stock $ 0.3 $ 0.3