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Share-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Option Activity and Information about Options Outstanding
The following table summarizes the share options activity during Fiscal 2018, and information about options outstanding at March 31, 2018:
 
Number of
Options
 
Weighted
Average
Exercise price
 
Weighted
Average
Remaining
Contractual
Life (years)
 
Aggregate
Intrinsic
Value
(in millions)
Outstanding at April 1, 2017
4,791,045

 
$
28.55

 
 
 
 
Granted
208,264

 
$
34.68

 
 
 
 
Exercised
(1,116,857
)
 
$
12.34

 
 
 
 
Canceled/forfeited
(85,832
)
 
$
67.04

 
 
 
 
Outstanding at March 31, 2018
3,796,620

 
$
32.78

 
2.63
 
$
124.6

Vested or expected to vest at March 31, 2018
3,776,873

 
$
32.78

 
2.63
 
 
Vested and exercisable at March 31, 2018
3,132,123

 
$
29.28

 
2.19
 
$
112.8

Assumptions Used to Estimate Fair Value of Options
The following table represents assumptions used to estimate the fair value of options:
 
Fiscal Years Ended
 
March 31,
2018
 
April 1,
2017
 
April 2,
2016
Expected dividend yield
0.0
%
 
0.0
%
 
0.0
%
Volatility factor
36.3
%
 
30.1
%
 
31.1
%
Weighted average risk-free interest rate
1.8
%
 
1.1
%
 
1.6
%
Expected life of option
4.69 years

 
4.75 years

 
4.75 years

Restricted Shares and Restricted Share Units
The following table summarizes the RSU activity during Fiscal 2018:
 
Service-based
 
Performance-based
 
Number of
Restricted
Share Units
 
Weighted
Average Grant
Date Fair Value
 
Number of
Restricted
Share Units
 
Weighted
Average Grant
Date Fair Value
Unvested at April 1, 2017
1,470,767

 
$
48.39

 
401,777

 
$
58.50

Granted
1,390,454

 
$
38.57

 
363,848

 
$
51.56

Decrease due to performance condition

 
$

 
(12,891
)
 
$
92.93

Vested
(453,695
)
 
$
48.20

 
(95,202
)
 
$
84.95

Canceled/forfeited
(280,009
)
 
$
44.46

 

 
$

Unvested at March 31, 2018
2,127,517

 
$
42.53

 
657,532

 
$
50.16

The following table summarizes restricted share activity during Fiscal 2018:
 
Restricted Shares
 
Number of Unvested
Restricted Shares
 
Weighted
Average Grant
Date Fair Value
Unvested at April 1, 2017
185,425

 
$
84.12

Granted

 
$

Vested
(114,121
)
 
$
79.97

Canceled/forfeited
(7,156
)
 
$
90.87

Unvested at March 31, 2018
64,148

 
$
90.75

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes compensation expense attributable to share-based compensation for Fiscal 2018, Fiscal 2017 and Fiscal 2016 (in millions):
 
Fiscal Years Ended
 
March 31,
2018
 
April 1,
2017
 
April 2,
2016
Share-based compensation expense
$
49.6

 
$
33.9

 
$
48.4

Tax benefits related to share-based compensation expense
$
9.7

 
$
11.2

 
$
15.7