Restructuring and Other Charges (Tables) - Fiscal 2021 Strategic Realignment Plan

6 Months Ended

Oct. 01, 2022

Restructuring Cost and Reserve [Line Items]

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


	Three Months Ended				Six Months Ended
	October 1, 2022		September 25, 2021		October 1, 2022		September 25, 2021		Cumulative Charges
	(millions)
Cash-related restructuring charges:
Severance and benefit costs (reversals)	$	—	$	0.1	$	—	$	(3.9)	$	138.5

Other cash charges	1.4		2.5		2.1		4.4		24.7
Total cash-related restructuring charges	1.4		2.6		2.1		0.5		163.2
Non-cash charges:
Impairment of assets (see Note 7)	0.2		0.7		0.2		19.3		90.9
Inventory-related charges(a)	—		—		—		—		8.3
Accelerated stock-based compensation expense(b)	—		—		—		2.0		2.0
Other non-cash charges	3.3		—		3.3		—		3.3
Total non-cash charges	3.5		0.7		3.5		21.3		104.5
Total charges	$	4.9	$	3.3	$	5.6	$	21.8	$	267.7

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

(b)Accelerated stock-based compensation expense, which was recorded within restructuring and other charges, net in the consolidated statements of operations, related to vesting provisions associated with certain separation agreements.

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 April 2, 2022	$	30.6	$	0.1	$	30.7
Additions charged to expense	—		2.1		2.1
Cash payments applied against reserve	(12.8)		(2.2)		(15.0)
Non-cash adjustments	(0.7)		—		(0.7)
Balance at October 1, 2022	$	17.1	$	—	$	17.1