XML 49 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stock-based Compensation (Tables)
 6 Months Ended
Oct. 01, 2022
Share-based Payment Arrangement [Abstract]  
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements
A summary of total stock-based compensation expense and the related income tax benefits recognized during the three-month and six-month periods ended October 1, 2022 and September 25, 2021 is as follows:
 Three Months EndedSix Months Ended
 October 1,
2022		September 25,
2021		October 1,
2022		September 25,
2021
 (millions)
Compensation expense$22.5 $22.2 $40.7 $40.6 
(a)
Income tax benefit(3.8)(3.6)(6.6)(6.6)
 
(a)Includes $2.0 million of accelerated stock-based compensation expense recorded within restructuring and other charges, net in the consolidated statements of operations (see Note 8). All other stock-based compensation expense was recorded within SG&A expenses.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share Based Payment Award with Market Condition Valuation Assumptions [Table Text Block] The assumptions used to estimate the fair value of TSR awards granted during the six-month periods ended October 1, 2022 and September 25, 2021 were as follows:
 Six Months Ended
 October 1,
2022		September 25,
2021
Expected volatility49.9 %46.8 %
Expected dividend yield3.0 %2.2 %
Risk-free interest rate3.1 %0.4 %
Service Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock unit activity
A summary of service-based RSU activity during the six months ended October 1, 2022 is as follows:
Number of Service-based RSUs
 (thousands)
Unvested at April 2, 20221,566 
Granted668 
Vested(553)
Forfeited(34)
Unvested at October 1, 20221,647 
Performance shares, including TSR awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock unit activity
A summary of performance-based RSU activity including TSR awards during the six months ended October 1, 2022 is as follows:
 Number of
Performance-based
RSUs
 (thousands)
Unvested at April 2, 2022542 
Granted261 
Change due to performance and/or market condition achievement(58)
Vested(269)
Forfeited(3)
Unvested at October 1, 2022473