Additional Financial Information

12 Months Ended

Apr. 02, 2022

Supplemental Cash Flow Information [Abstract]

Reconciliation of Cash, Cash Equivalents, and Restricted Cash

A reconciliation of cash, cash equivalents, and restricted cash as of April 2, 2022 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:


	April 2, 2022		March 27, 2021
	(millions)
Cash and cash equivalents	$	1,863.8	$	2,579.0
Restricted cash included within prepaid expenses and other current assets	1.6		1.5
Restricted cash included within other non-current assets	6.6		7.5
Total cash, cash equivalents, and restricted cash	$	1,872.0	$	2,588.0

Restricted cash relates to cash held in escrow with certain banks as collateral, primarily to secure guarantees in connection with certain international tax matters and real estate leases.

Cash Paid for Interest and Taxes

Cash paid for interest and income taxes is as follows:


	Fiscal Years Ended
	April 2, 2022		March 27, 2021		March 28, 2020
	(millions)
Cash paid for interest	$	46.6	$	33.5	$	15.4
Cash paid for income taxes, net of refunds	216.3		47.8		135.5

Non-cash Transactions

Operating lease ROU assets recorded in connection with the recognition of new lease liabilities was $287.4 million during Fiscal 2022. No finance lease ROU assets were recorded in connection with the recognition of new lease liabilities during Fiscal 2022. Operating and finance lease ROU assets recorded in connection with the recognition of new lease liabilities were $66.7 million and $133.2 million, respectively, during Fiscal 2021 and $374.0 million and $64.0 million, respectively, during Fiscal 2020. Additionally, $55.7 million of operating lease ROU assets were reclassified and reflected as finance lease ROU assets as a result of certain lease amendments executed during Fiscal 2021.

Non-cash investing activities also included capital expenditures incurred but not yet paid of $49.6 million, $21.3 million, and $29.1 million as of the end of Fiscal 2022, Fiscal 2021, and Fiscal 2020, respectively.

Non-cash financing activities included the conversion of 1.0 million shares of Class B common stock into an equal number of shares of Class A common stock during Fiscal 2020, as discussed in Note 16.

There were no other significant non-cash investing or financing activities for any of the fiscal years presented.