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Fair Value Measurements (Tables)
6 Months Ended
Oct. 01, 2022
Fair Value Disclosures [Abstract]  
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:
October 1,
2022
April 2,
2022
 (millions)
Derivative assets(a)
$115.8 $32.4 
Derivative liabilities(a)
3.0 18.3 
(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:
 October 1, 2022April 2, 2022
 
Carrying Value(a)
Fair Value(b)
Carrying Value(a)
Fair Value(b)
 (millions)
$400 million 3.750% Senior Notes$398.0 $390.0 $397.7 $407.9 
$500 million 1.700% Senior Notes— N/A499.8 500.5 
$750 million 2.950% Senior Notes739.5 629.8 738.8 721.0 
 
(a)See Note 10 for discussion of the carrying values of the Company's senior notes.
(b)Based on Level 2 measurements.
Fair value measurements, nonrecurring
The following tables summarize non-cash impairment charges recorded by the Company during the fiscal periods presented to reduce the carrying values of certain long-lived assets to their estimated fair values as of the assessment date:
Three Months Ended
October 1, 2022September 25, 2021
Long-Lived Asset CategoryTotal ImpairmentsFair Value
as of Impairment Date
Total ImpairmentsFair Value
as of Impairment Date
 (millions)
Property and equipment, net$0.2 $— $0.6 $— 
Operating lease right-of-use assets
— N/A0.1 — 
Six Months Ended
October 1, 2022September 25, 2021
Long-Lived Asset CategoryTotal ImpairmentsFair Value
as of Impairment Date
Total ImpairmentsFair Value
as of Impairment Date
 (millions)
Property and equipment, net$0.2 $— $1.0 $— 
Operating lease right-of-use assets— N/A18.3 16.8